Government Center Project An Energy Pioneer
Ask Kishore Varanasi how much energy his team’s redesign of the Government Center Garage will save and he’s not shy about giving a highly specific answer.
Largest Projects Still To Come
Downtown Boston has undergone significant skyline changes in recent years, but 2014 could see the start of some of the biggest development projects in decades.
Design Inc.
Margulies Perruzzi Architects is one of Boston’s largest architecture and interior design firms, celebrating its 25th anniversary this year. The firm specializes in corporate, health care, real estate development and lab design. Since its founding, the company has designed more than 5 million square feet of space in the Greater Boston area and elsewhere.
The Doctor Of Real Estate
Bruce Magid jetted to Venezuela to work for the country’s government after receiving a graduate degree from the Tufts University Fletcher School for international affairs. He then joined Bank of America, moving from Venezuela to Brazil and finally to San Francisco, where he was the bank’s chief international economist.
CRE Deals Of The Year
The past year has been marked by a red-hot investment sales market for office buildings in the Greater Boston area. With a glut of new development projects in the downtown and suburbs, and foreign and institutional investors bidding up prices on the few properties that have been for sale, prices per square foot have been driven through the roof. Let’s take a closer look at some of the year’s major deals.
Downtown Boston Investment Market Sizzles
Startups and financial firms averse to following the crowd into Boston’s higher-priced Seaport District or Back Bay office space have turned to the Financial District’s discounted rental rates, in turn driving up the dollars on investment sales deals for properties.
Vertex Logo Goes Up On Seaport Building
Vertex Pharmaceuticals has finally planted its flag in Boston’s Seaport District, with a shiny new logo adorning the exterior of its new headquarters.
Building Owners Latch On To Wind Power
The next breed of sustainable office towers could be designed with an eye toward wind as clean energy entrepreneurs continue to shrink the technology necessary to generate power from the zephyrs.
New York-Based The Georgetown Co. Buys Downtown Boston Office, Retail Building For $56.73M
Commercial property owner and operator The Georgetown Co. has purchased One Washington Mall near Boston City Hall for $56.73 million.
22-Story Residential Towers Slated For Boston’s Seaport
A joint venture led by Boston-based Berkshire Group plans to start construction on two 22-story towers with apartments and retail space in Boston’s Seaport District in April.
Catering Business Owner Buys Former Devens Theater
The owner of a Devens-based catering company plans to demolish the former Hodges Theater to build a new facility for his firm.
Wellesley Multifamily Complex Sells For $25.6M
An affiliate of Universal Properties has purchased a 64-unit rental property in Wellesley for $25.6 million.
Harvard Museums Reborn
Even Renzo Piano knew he needed to save “the sacred oak.†The internationally renowned architect – along with nearly everyone else with a stake in the project to unite three disparate Harvard University art museums under one roof in Cambridge – quickly recognized the intrinsic value of the expansive old oak tree, and ordered it not be cut down.
$35M Wellesley Condo Project Breaks Ground
A local real estate developer has started construction on a building that will house 30 luxury condos and ground floor retail space in the heart of Wellesley.
Alexandria Real Estate Equities Buys Cambridge Property For $94.5M
Alexandria Real Estate Equities Inc. has purchased a lab and office property from Skanska USA Commercial Development in Cambridge for $94.5 million.
Damage From Fort Point Fire Estimated At $2M
An eight-alarm fire in Boston’s historic Fort Point neighborhood has left the property at 327-333 Summer St. smoking through the morning.
Ninety Nine Restaurants Moves Into New Woburn Headquarters
The Ninety Nine Restaurants chain has officially hung its horseshoe on a new company headquarters at 14 Gill St. in Woburn.
Defense Contractor TASC Leases 23,359K SF In Andover
A Virginia company that provides analysis and technology for intelligence gathering missions will occupy 23,359 square feet at 35 New England Business Center in Andover in July 2014.
Skanska USA Signs $57M Construction Contract With Harvard In Boston
Construction and real estate development firm Skanska USA has signed a $57 million contract to build a new educational facility on Harvard Business School’s Boston campus.
High-Tech Firm Pwnie Express Relocates To Boston
Pwnie Express, which provides computer security technology, has relocated its headquarters to Boston’s Innovation District.
