Hot Property: 100 Chestnut
The first new life sciences building in Somerville’s Brickbottom neighborhood is poised to get underway after receiving received $192.5 million in financing.
New Luxury Projects Rise Amid Aging Housing Stock
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.
Cambridge Retains Lab Market Lead
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.
Personnel File – No. 279
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Apartment Rents Shatter All-Time Records
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.
Cities Take Second Look at Lab Safety Rules
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 Seeks a Piece of Life Science Growth
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.
Industrial Demand Sets off Frenzied Site Searches
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.
As Economy Grows, Some CRE Sectors Benefit
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.
Life Science Manufacturer Breaks Ground on Devens Plant
A British manufacturer broke ground today on a 150,000-square-foot new facility at the state-owned Devens business park.
Personnel File – No. 259
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.
Blackstone Buys Amazon Warehouses for $153.5M
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.
Boston Office Market Turned Corner in Q3
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.
Developers Look Beyond Labs for Value Investments
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.
Bertucci’s-to-Biotech Swap Pitched for Wellington Circle
Boston-based developer RISE Together unveiled plans...
Cummings to Go Spec on Medford Lab Project
Cummings Properties intends to go spec on a new life science building in Medford after updating the proposal in response to local feedback.
Manufacturer Expands by 65K SF at Northborough Property
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.
Can Lab Boom Unleash Potential of Parcel P-3?
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.
Industrial Developers Widen Horizons for Prime Sites
As Jeff Bezos prepares to blast off next week, real estate developers are exploring new frontiers for e-commerce sites in Massachusetts.
Hot Property: 1210 Washington St.
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.
