The first new life sciences building in Somerville’s Brickbottom neighborhood is poised to get underway after receiving received $192.5 million in financing.
It wasn’t all that long ago that Boston’s luxury housing ecosystem centered on Back Bay and Beacon Hill. Now, competition with lab developers has ushered in a new crop of submarkets for high-end housing – including some that might surprise you.
Life science landlords continue to enjoy the upper hand in Greater Boston as the vacancy rate for the nearly 35 million-square-foot lab market remains below 3 percent, according to Colliers International research.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Apartment rents have blasted past pre-COVID levels in Greater Boston as demand returned to both downtown and suburban markets while the new supply pipeline declined.
Some Boston-area communities that resisted or prohibited labs from researching higher-risk pathogens are starting to reconsider as the region’s biotech boom speeds on.
Brookline officials want to position the town’s commercial districts for life science development by removing long standing barriers to lab space. But with square footage under construction starting to outpace requirements, the move could be coming too late.
Demand is simply outstripping supply for all types of industrial space, including old-fashioned light-manufacturing space, and there’s no end in sight despite recent facility conversions and new construction of millions of square feet of supply.
While macro-related risks certainly loom given the ongoing pandemic and its many side effects, the worst of the cycle appears to be in the past, and tenants will be filling space across property types.
A British manufacturer broke ground today on a 150,000-square-foot new facility at the state-owned Devens business park.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s the 259th issue of Banker & Tradesman’s Personnel File.
An investment platform established by Blackstone Real Estate in 2019 to tap into the growth of e-commerce facilities has acquired a pair of Amazon-leased properties in Northborough for $153.5 million.
The Boston office marked cleared a “psychological hurdle” by recording 307,000 square feet of positive absorption in the third quarter after retreating for six straight quarters, according to a new research report.
Dozens of commercial developers have shifted their focus to lab projects amid the boom, others see overlooked opportunities in the industrial market’s R&D and flex space.
Cummings Properties intends to go spec on a new life science building in Medford after updating the proposal in response to local feedback.
An original tenant of a 220,000-square-foot distribution center at 301 Bartlett St. in Northborough is more than doubling its space after signing a lease for expansion.
Boston’s life science boom offers a fresh chance to spread economic benefits to Roxbury’s most important development parcel as the city prepares to solicit proposals for the 7.6-acre site.
As Jeff Bezos prepares to blast off next week, real estate developers are exploring new frontiers for e-commerce sites in Massachusetts.
Panera Bread plans to open a new regional office at Davis Marcus Partners’ 1210 Washington St. in West Newton after signing a lease for 39,000 square feet.