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The BEAT Update 07/21/16

Center Court Properties acquiring Boston Globe’s Dorchester headquarters

Banker & Tradesman reports that David Ridini of Center Court Properties, based in New York, will acquire The Boston Globe’s 16.5-acre Dorchester headquarters facility for approximately $80 million. The sale price would top the $70 million that John Henry paid to acquire The Boston Globe in 2013.

Ridini is a partner in JDMD Owner LLC, developer of the 71-unit Archer | Donahue condominium project on Beacon Hill approved by the Boston Redevelopment Authority for construction this month. Ridini is also a partner in 171 Tremont LLC, developer of the 18-unit 171 Tremont Street condominium project in Downtown Crossing. Ridini is also a partner in CC Bunker Hill Owner LLC, who acquired the 52,944 square foot Bunker Hill Business Center at 440 Rutherford Avenue in Charlestown for $14.725 million in September 2015.

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