Phase 3 Attracts Two Leases at Waltham Lab Building
Two Greater Boston biotechs leased a combined 48,127 square feet at a Waltham life science property owned by Phase 3 Real Estate partners and Bain Capital Real Estate.
Boston-Area Lab Market Takes Another Step Back
Lab vacancies in Greater Boston hit 34 percent in the fourth quarter despite a pair of big leases in Somerville and Allston.
Hines Buys Cambridge Development Site for $12M
Houston-based developer Hines acquired a lab development site now being touted for multifamily housing in Cambridge’s Alewife Quadrangle neighborhood for $12 million.
Costs Weigh on Boston Office Leasing Decisions
Higher construction costs associated with buildouts of new offices are pushing tenants towards lease renewals, rather than relocations, a new brokerage report says.
Boston Set to Extend Residential Conversion Program
Developers would get another 12 months to submit office to residential conversions and qualify for tax breaks under a proposal by Boston Planning Department leadership.
Tenant Renews Full Building Lease at Waltham Flex Property
The sole tenant of a Waltham office and manufacturing complex renewed its long-term occupancy with landlord Hobbs Brook Real Estate.
C&W Names New Industrial Team in Boston
Two new brokers joined Cushman & Wakefield’s Boston office to bolster its industrial team, making the move from Newmark.
Searching for Solutions to Boston’s Lab Glut
Developers have seen the bottom fall out of the Boston lab real estate market. But construction costs over $1,000 per square foot put most non-biotech tenants out of reach.
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.
KKR Inks 133K SF Lease at International Place
Private equity giant KKR is establishing a major presence in downtown Boston with the signing of a 15-year lease for 132,529 square-foot lease at The Chiofaro Company’s Two International Place.
JLL Names New Leaders for New England Multifamily Team
JLL named a pair of new co-leaders of its New England market’s multifamily sales team after hiring two former Cushman & Wakefield executives.
Destination XL Group Extends HQ Lease in Canton
In the largest industrial lease of 2025 in Greater Boston, big-and-tall apparel chain Destination XL Group signed a 7-year lease extension for its headquarters and distribution center in Canton.
Personnel File – No. 403
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Boston Class A Office Buildings Start to Feel Pinch
High-end office buildings are starting to feel the pinch of rising vacancies in the Greater Boston office market.
Eastern Bank Slashes Suburban Office Footprint
Eastern Bank is consolidating its suburban office space north of Boston to a Wakefield office park owned by Hobbs Brook Real Estate.
Two Biotechs Lease Half of Big Watertown Development
A speculative life science development completed in June landed its first two leases committing to more than half of the 225,000-square-foot building outside Watertown Square.
Lab Supplier Leases 113K SF for HQ in Ayer
Pepperell-based Celltreat Scientific Products will consolidate from three separate locations into the new headquarters at 3 Nemco Way.
Restaurants More Important than Ever for Leasing Strategies
Bostonians’ changing work habits and the new importance of delivery for restaurants’ revenue streams are upending traditional suburban leasing strategies and even reshaping what food and beverage tenants need in a potential space.
Vertex HQ Renewal Deals Blow to Lab Projects
Vertex Pharmaceuticals’ headquarters move to the Fan Pier in 2014 put Boston’s Seaport District on the map as a life science industry destination. Vertex’ reported decision to remain at the Fan Pier beyond 2028 deals a blow to a growing list of major lab projects still seeking tenants in the neighborhood.
Boston Office Vacancies Leave Decarbonization Efforts in Limbo
With capital hard to come by, even the promise of city fines and higher-paying tenants attracted to green energy upgrades may not be enough to make downtown building owners act.
