MAPC: E-Commerce a Major Contributor to Traffic
Online shopping and the deliveries it requires have surged during the pandemic, taking a toll on traffic, pollution and industrial rents, according to a new report.
Amazon Inks New 630K SF Lease in Seaport
In the biggest office lease signed in Boston since the pandemic’s onset, Amazon committed to occupy 630,000 square feet in a new office tower at 1 Boston Wharf Road in WS Development’s Seaport portfolio.
Worcester Residents Raise Concerns over Mall-Warehouse Conversion
Worcester residents who would be neighbors of Amazon’s proposed “last-mile” distribution facility continue to raise concerns surrounding traffic and noise.
Warehouse Planned for Dying Worcester Mall
Worcester’s Greendale Mall won’t wind up as Central Massachusetts’ latest mixed-use destination, after all: Owner Finard Properties is proposing to replace it with a distribution facility, instead.
Amazon Office Project Tops Off in Seaport
Crews from Turner Construction hoisted the final beam completing the framing of Amazon’s future office complex in Boston’s Seaport District, which is scheduled for completion next year.
Amazon-Leased Warehouse Acquired by Hancock Fund for $76M
Amid record-low industrial vacancies and spiraling demand, two speculative warehouse properties leased to tenants including Amazon in Bellingham’s Campanelli Business Park have been acquired by a REIT affiliated with Manulife’s John Hancock Real Estate for $76.1 million.
BPDA Misses Mark Rejecting Amazon Delivery Hub
In Boston, apparently, city officials would rather take the inevitable traffic that will come from Amazon’s push to speed up deliveries while skipping the jobs it would come with.
Amazon Launches New Alexa Service for Multifamily Buildings
With surveys showing a growing demand for smart-home features among renters and their willingness to pay extra for such amenities, Amazon is launching a new service which it promises will streamline the integration of smart home devices into multifamily buildings.
Developer Submits 605K SF Warehouse Proposal in Blackstone Valley
Steady demand for high-bay distribution space is spurring a series of suburban industrial developments, including new plans for a 605,000-square-foot warehouse on a property that spans parts of three towns in the Blackstone Valley.
Amazon Invests $1.4B in Six Tech Hub Office Expansions
Amazon is spending $1.4 billion to expand offices in six hub locations around the country to make space for 3,500 more employees, but Boston won’t be catching any growth this time.
Report: Industrial Space Demand Outweighs Availabilities 4-to-1
Asking rents for industrial space in Greater Boston rose 2.4 percent from the previous year as the sector demand for distribution and manufacturing space continues to far outpace availabilities.
Amazon Facility in former Necco Factory Opens
Amazon has opened a delivery center in a former candy factory famous for making Sweethearts and other classic confections.
Wellington Tech Cluster Expands With 41K SF Lease
A data company that works with life science companies on clinical drug trials is relocating from Charlestown to an expanding tech cluster at Medford’s One Cabot Road.
Banker & Tradesman’s Editorial Cartoon: Where Is Amazon’s HQ3?
Maybe this particular commercial real estate ploy is better left on the drawing board…
Industrial Real Estate Market Continued to Grow in Q1
Demand for industrial real estate remained strong in eastern Massachusetts with leasing activity contributing to a 1-million-square-foot uptick in absorption during the first quarter.
Our Most Popular CRE Stories of 2019
Today caps off another momentous year in Massachusetts’ commercial real estate landscape, with massive new projects rising across downtown and in once-unremarkable neighborhoods. Here are our five most popular commercial real estate stories from 2019.
Amazon’s Wish List Includes Multiple Massachusetts Sites
Surging demand from online retailers, logistics operators and product suppliers has put immense pressure on Greater Boston’s warehouse market. Current vacancy measures single digits, and the true vacancy rate, which removes antiquated and functionally obsolete supply, reads below 5 percent.
The Year in Commercial Real Estate
From a booming life science industry spreading further out from East Cambridge to new multifamily housing models and an e-commerce-fueled explosion in interest in distribution facilities, here’s what drove demand in 2019.
Davis Cos. Buys 18-Acre Chelsea-Everett Site for Redevelopment
An 18-acre property on the Chelsea-Everett border that’s home to a large produce wholesaler could be redeveloped as last-mile distribution space following its acquisition by The Davis Cos.
Banker & Tradesman’s Editorial Cartoon: When Architects Get Mixed Up
A new design fad is sweeping Boston’s architecture firms as they design a new slate of towers set to rise across the city. But where did it come from?
