Commercial Real Estate News
Franklin Street Properties Acquires Minnesota Office Building
Wakefield-based Franklin Street Properties Corp., an investment firm specializing in real estate, has acquired an office building in Eden Prairie, Minn. for approximately $22. 6 million.
Acella Construction Lauds New LEED AP
Ryan Klebes, project manager at Norwell’s Acella Construction Corp., has passed the LEED certification examination and has become a LEED Accredited Professional.
Plymouth Butcher Shop Expands With Loan
The Piantedosi Butcher Shop in Plymouth will be expanding and adding three positions with the help of a micro-loan in the amount of $50,000, recently received from the South Eastern Economic Development (SEED) Corp.
Sudbury Senior Condo Rights For Sale
The remaining building rights for Northwood at Sudbury, a senior living complex in Sudbury, are for sale.
Boston-Area Vacancy Rates Climb, But At Slower Pace In Q2
Office space in Greater Boston is still being vacated, with 757,078 square feet opening up in the second quarter, but is occuring at a slower pace than experienced in the first quarter.
BioMed Realty Trust Completes Longwood Science Center Financing
Financing for a $350 million loan has been completed for the Center for Life Science Boston, an approximately 700,000-square-foot, Gold LEED-certified research facility in Boston’s Longwood Medical Area.
Cook Joins JLL, Will Manage Iron Mountain Portfolio
Ellen Cook has joined the Boston office of real estate services firm Jones Lang LaSalle as senior vice president on the corporate solutions team, and will be responsible for managing the 65 million-square-foot portfolio of Iron Mountain Inc.
Eileen Fisher Finds Fit At Wayside Commons
National women’s clothing retailer Eileen Fisher has leased 5,113 square feet of retail space at Wayside Commons in Burlington.
Margulies Perruzzi Architects Wins IIDA New England Award
Margulies Perruzzi Architects’ work on the corporate headquarters for Nuvera Fuel Cells has been honored with an interior design award in the office category (50,000-80,000 square feet) from the International Interior Design Association (IIDA) of New England.
Gallaher Joins TRO Jung|Brannen As Principal
Nigel Gallaher has joined Boston’s architectural and engineering firm TRO Jung|Brannen as principal.
Tighe & Bond’s Hoey Earns LEED Designation
Westfield-based Tighe & Bond’s Francis J. Hoey has become a Leadership in Energy and Environmental Design (LEED) Accredited Professional.
Energy Efficiency In New Construction Can Be As Easy As 1-2-3
“Plug and play†may be three of the most appreciated words in modern English. When sophisticated computing equipment goes from the box into its full operating glory quickly and easily, it’s a thing of beauty.
That same ease-of-use concept is a driving force behind Advanced Buildings, an initiative in energy-efficient commercial construction. The program’s Core Performance guide, focusing primarily on lighting, HVAC, and building envelope measures, provides clear proven methods to create a building far more energy efficient than code requires.


Cape Resorts Bet Major Renovations Will Beckon More Guests
Competing in the resort business on Cape Cod is like playing in the American League East—the stakes are weighty, the competition is intense and the wallets are open.

Bringing Energy Efficiency Into Reach In Commercial Buildings
Many involved in the design, construction, leasing, or operation of commercial buildings see energy efficiency as a necessary evil – one that benefits the environment but also drives up costs and extends construction schedules. However, incorporating energy-efficient technologies that reduce consumption of electricity and natural gas can greatly enhance the economics of a building. And adopting proven technologies into building designs early on can avoid needless delays later.

Chiofaro Plan May Be Welcome At Waterfont
In April, The Chiofaro Co. filed documents to begin the permitting process for the redevelopment of the Harbor Garage site along the waterfront. In place of the existing seven-story parking and retail structure, two new buildings containing 860,000 sq. ft. of offices, 350,000 sq. ft. of hotel use, 220,000 sq. ft. of residences, and 70,000 sq. ft. retail spaces are proposed. A 40-story office tower approximately 560 feet in height, and a 59-story residential and hotel tower of approximately 690 feet, would be connected by a 770-foot tall “sky frame.â€
The Ballad Of The Bay State’s Two Real Estate Markets
Massachusetts home prices are down another 13 percent, but forgive me if I am not ready to hit the panic button.
Commercial Chaos Spurring Spike In Appraisals
Commercial appraisers, who did record business during the sales binge of 2007, are once again seeing a spike in business. This time around, the traffic is coming from lenders holding debt on shaky commercial properties.
Quincy Sets The Bar For The Sound Of The Fury
Noise is in the ear of the beholder, by which I mean that noise may be, in theory, too loud, but most of the time, noise is a matter of socio-economic, class-based, age-related taste, which has very little to do with volume and much to do with some young punk driving down your street at 3 a.m. in a stick-shift car with a lousy muffler.
Development Planning Hits It Out Of The Park For Fenway
They laughed when we sat down to plan an urban village.
Nearly 20 years ago, Fenway Community Development Corp. (CDC) led a community planning process that produced a heretical vision for the three blocks of Boylston Street near Fenway Park, a depressing string of gas stations, fast-food establishments and parking lots. The Fenway Urban Village Plan envisioned a pedestrian- and transit-oriented Main Street lined with handsome buildings that combined 3,000 units of mixed-income housing with ground-floor stores, a new elementary school, and a community center. In 1999, after slight revision, the vision became our best argument against a Red Sox plan to build a new stadium on that same stretch of Boylston.
No Lone Wolf Broker Is He
The economy’s rapid and sustained deterioration has thrown commercial brokers for a loop. Sales transactions are on ice, and most employers who aren’t shedding office space have put their real estate decisions on hold or signed short-term renewals. For Michael Edward, it’s the perfect time to make a play. Edward, head of brokerage services in Lincoln Property Co.’s Boston office, is moving into the recession’s teeth and expanding his brokerage staff.