Signs of Life in Boston Biotech CRE
Little tiny green shoots are poking up here and there, with leasing activity running well ahead of 2024 totals and the pace of vacancy growth slowing down.
Erland to Lead Renovation of Andover Conservation Center
The Northeast Document Conservation Center has retained Burlington-based Erland Construction to lead the renovation of its new HQ.
Personnel File – No. 335
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest issue of Banker & Tradesman’s Personnel File.
Sublease Space, New Construction Add to Boston Inventory
The long-term effects of the pandemic are taking shape in the Greater Boston office market, largely defined by the sluggish return-to-office that continues to challenge the role of the workplace.
Avoid Nightmare Scenarios in a Lab Buildout
Lab planning and programming is often carried out during the architectural design process – after the lease has been signed – exposing tenants to risk that the space cannot support their needs.
Sublease Surge Adds Pressure on Lab Pipeline
Sublease availabilities more than doubled in the second quarter to 916,000 square feet, but commercial developers continue to play the lab card as their best bet for virtually every development site.
Personnel File – No.295
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Burlington Plants a Biotech Flag
Corporate headquarters ribbon-cuttings attract headlines and VIPs, but developers in Burlington say early-stage biotechs will be key to expanding Boston suburbs’ newest life science cluster.
Personnel File – No. 279
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Lab Tenant Expands and Extends Lease in Patriots Park
A clinical-stage life science company is expanding at Jumbo Capital’s One Patriots Park in Bedford after signing a lease extension for its existing lab space.
Vaccine Researchers Open GMP Facility at Cummings Park
A Cambridge biotech that begins trials next year on a self-administered vaccine technology has opened a new GMP manufacturing facility in Woburn with immediate expansion plans.
R&D Company Relocates to Woburn Facility
A Medford-based life science company is relocating to new lab, office and vivarium space at Cummings Properties’ 12 Cabot Road in Woburn.
Hot Property: Vor Biopharma
Vor Biopharma will expand at 100 Cambridgepark Drive with the construction of an in-house clinical manufacturing facility, growing its footprint to 75,000 square feet on three floors.
Hot Property: Abcam Offices and Labs
The Boston office of tenant representation brokerage Cresa was selected by global life sciences company Abcam to manage its relocation from Cambridge’s Kendall Square to Waltham.
Some Boston Office Rents Start to Dip
Landlords of second-tier office buildings in Boston have begun reducing asking rents amid a pandemic-induced decline in occupancy, and a brokerage report predicts their class A counterparts are likely to follow suit this year.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Hot Property: One Cabot Road
A data company that works with life science companies on clinical drug trials is relocating from Charlestown’s Hood Park to Medford’s One Cabot Road, leasing 41,000 square feet at the 309,000-square-foot office complex.
Personnel File
Members of the banking, legal and real estate worlds were on the move, recently. See who’s been promoted and who’s been hired!
The View from the Other Side of the Table
After eight years on the landlord side of commercial brokerage at EQ Office, Matthew George is advising companies on leasing decisions in a new leadership role in tenant representation. George, who had earlier stints at Lincoln Property Co. and Cushman & Wakefield, joined Cresa this month as a principal in its Boston office.
Office Space Is Scarce In Boston, Nearly Extinct In Cambridge
Take the pulse of the commercial real estate market right now and you’ll see a fundamental imbalance in the supply and demand for office space in the city of Boston.
