No Letup in Demand for Everett Sites
Ample choice of redevelopment parcels, upcoming transit extension and a pro-growth administration created a formula for an apartment boom in Everett that shows no sign of abating.
A New Biotech Ballgame in Worcester?
With its biotech incubators nearly full and biomanufacturing developers building out new production facilities, Worcester is looking to fill the missing link in its life science ecosystem.
Colliers Names New Multifamily Executive
Colliers International has hired a multifamily broker with 15 years of experience in the Boston market as the newest member of its capital markets team.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
What’s the Hold-up with These Projects?
Boston has become a sea of cranes, but not every building is a slam-dunk. Here’s why these six projects have languished.
Boston Office Vacancies Near 16 Percent Amid Class B Slump
Boston office vacancies hit 15.7 percent in the first quarter but signs of a gradual recovery are starting to emerge in the post-pandemic outlook, according to a brokerage report.
Approved Development Site Hits Market in South Boston
A fully-approved multifamily development site in South Boston is being marketed for sale after receiving approval for 38 apartments and ground-floor retail space.
Marcus Partners Lands Anchor Tenant for 228K SF Development
A biotech company that’s been steadily expanding its footprint over the past 12 years is committing to anchor a new South Boston development by Marcus Partners.
Devens in Demand
A surge of developments and business expansions – ranging from clean energy to biomanufacturing and life science research – at the state-run Devens business park are shattering the narrative of stagnant commercial real estate prospects outside Interstate 495.
Signs Not Good for Coworking Revival
CBRE is plunking down $200 million for just over a third of Industrious, while Newmark taking over bankrupt Knotel in a $20 million debtor-in-possession deal. Are they truly on to something?
Furniture Delivery Company Leases Newly-Acquired Property in Taunton
A nationwide provider of white-glove delivery service for high-end appliances has signed a full-building lease at a newly-acquired property in Taunton’s Myles Standish Industrial Park.
Newly-Developed Amazon Distribution Center Hits Market
After landing Amazon as anchor tenant for a speculative distribution center project in Northborough, developers are putting the 600,000-square-foot facility on the market.
Firms Make Strong Start on DEI
The local real estate and banking industries are big ships that turn slowly. But when they begin to move, as the many actions featured in this week’s issue of Banker & Tradesman show, the results are impressive.
Making the Move from Neighborhood Development to Downtown Brokerage
Jeanne Pinado, the former CEO of Madison Park Development Corp., joined Colliers International’s Boston office in January, becoming one of the first Black women in a top role in local commercial brokerage.
Grossman Buys Medford-Somerville Portfolio for $23.3M
The Grossman Companies of Quincy has acquired a Medford and Somerville apartment portfolio for $23.3 million from longtime family owners.
Colliers Markets Cambridgeport Office-Lab Space
The Bulfinch Cos. has hired Colliers International to market a full-building lease for office-lab space in Cambridgeport.
Marcus Partners Buys Seaport Development Site
Developer Marcus Partners has paid $25 million for a 1.4-acre site in Boston’s Seaport District with redevelopment potential as life science space.
King Street Sells Framingham Portfolio to Pension Fund
Major life science developer King Street Properties has sold three Framingham properties to the investment arm of a major Canadian pension fund.
Industrial Real Estate Rides Pandemic Boost Into 2021
An already strong industrial real estate market in Greater Boston got even stronger in 2020 as a result of a highly unlikely and generally unwelcome development: A pandemic.
Capital Markets Look for Clarity
There remains plenty of capital for real estate ventures and funds are being raised, but investors are selective on where that capital is being placed.
