Business Details
26 Years
experience
Your Trusted Partner for Commercial Real Estate Solutions
Eastern Real Estate is a national, privately-held commercial real estate company with offices in Boston and Santa Barbara. As both an operator and investor, we identify, develop, and manage commercial real estate projects across the United States. Our 30-year partnership has delivered over $5 billion in completed projects, spanning 15 million square feet and 100+ transactions. We prioritize a human-centered approach, collaborating closely with communities to align stakeholder goals with project outcomes. Our team combines agile investment strategies with disciplined risk management, leveraging deep industry expertise to execute complex developments in retail, industrial, and hospitality sectors.Privately held ownership allows us to offer flexibility and transparency while maintaining a tenured team and strong capital base. Our track record demonstrates agility across capital investment, development, and asset management, with a focus on creating enduring value through partnerships and innovative solutions.
Services
Retail Development
Industrial Logistics
Hospitality Projects
Property Management
Asset Management
Investment Services
Redevelopment
Mixed-Use Development
Office Development
Residential Development
Details
- Year established: 2000
Highlights and features
- We have 30 years of experience in commercial real estate development.
- Our team has completed over $5 billion in projects nationwide.
- We prioritize community collaboration in every project's planning.
- Privately held structure ensures flexible, transparent decision-making.
- Expertise spans retail, industrial, hospitality, and mixed-use developments.
Services
Retail Development
We redevelop retail properties into modern, creditworthy tenant-anchored centers. Our expertise includes mall-to-industrial conversions and mixed-use developments that combine retail with residential or hospitality components. Projects like Eagle Rock Plaza demonstrate our ability to transform underutilized assets into vibrant community hubs while maintaining strategic location advantages.
Industrial Logistics
Our industrial developments serve evolving supply chain needs through last-mile facilities and Class A distribution centers. At 3 Lopez Road, we're repositioning a legacy industrial site into a modern logistics hub with upgraded systems and infrastructure tailored to manufacturers and distributors' operational requirements.
Hospitality Projects
We specialize in luxury hotel repositioning and development, exemplified by the Taj Boston transformation. Our approach combines architectural preservation with modern amenities, creating experiential properties that cater to both urban luxury and boutique markets while maintaining operational efficiency.
Property Management
Our management services cover lease-up execution, tenant relations, and operational optimization across all asset classes. The Radio Factory Lofts achieved record lease-up speeds through our market-responsive strategies, demonstrating our ability to maximize asset performance through proactive management practices.
Mixed-Use Development
We create integrated environments combining residential, commercial, and public spaces. University Station's 135-acre development illustrates our capability to deliver comprehensive solutions that balance economic viability with community needs, incorporating affordable housing and civic spaces into cohesive urban ecosystems.
People
Dan Doherty
Principal
Co-founder with 20+ years in commercial real estate, focusing on creative solutions and community impact. Established scholarship programs and maintains leadership roles in educational and charitable organizations.
Brian Kelly
Principal
Co-founder specializing in autism advocacy and complex real estate transactions. Led development of specialized facilities while maintaining a 20-year board leadership role with Autism Speaks.
Toby Banta
Executive Managing Director
Oversees investment strategy with $6B+ transaction experience. Previously managed DLJ's Boston portfolio and focuses on capital formation and joint ventures for national projects.
Raymond Murphy
Managing Director General Counsel
Handles legal strategy and deal structuring with 20+ years at Eastern. Previously a partner at Palmer & Dodge, specializing in complex real estate transactions and syndications.
Andrew Hayes
Managing Director
Leads asset management and development initiatives with $2B+ project experience. Formerly with Related Companies, specializing in mixed-use and adaptive re-use developments across multiple asset classes.
Questions
What geographic markets do you focus on?
We operate nationwide with primary offices in Boston and Santa Barbara, concentrating on infill redevelopment opportunities in major metropolitan areas.
What property types do you specialize in?
Our expertise spans retail, industrial logistics, hospitality, office, and mixed-use developments with a focus on transformative projects.
How does your development process work?
We begin with community engagement to align stakeholder goals, followed by feasibility analysis, entitlements, and execution through our experienced development team.
What sets you apart from competitors?
Our combination of private ownership flexibility, 30-year track record, and community-focused approach creates unique value for all stakeholders.
Do you handle both acquisition and development?
Yes, we manage the full lifecycle from site selection through construction and asset management for all project types.
