Boston-Area Lab Leasing Hits Post-Pandemic Low
Lab leasing in Greater Boston declined to the lowest level since the pandemic as life science companies shied away from real estate commitments in a frugal funding climate.
Assembly Row Developer Delays Big Lab Project
Federal Realty Investment Trust is delaying groundbreaking of a 381,529-square-foot life science project at Somerville’s Assembly Row, citing “oversaturation” in the lab development market.
Posto Relocating to Assembly Row
A mainstay of Davis Square’s dining scene is relocating to Assembly Row after leasing 6,000 square feet for a takeout market, cafe and dining room.
Hot Property: Assembly Row
Five new tenants have inked leases at Federal Realty’s Assembly Row, including two retailers that are opening in time for the 2022 holiday season.
SmartBear Expands Offices at Assembly Row
One of the first office tenants at Somerville’s Assembly Row is expanding its footprint with a lease commitment for another seven years.
Suffolk, Federal Realty Executives Join National Development
Former executives for Boston-based construction firm Suffolk and Federal Realty Investment Trust are joining Newton-based National Development in high-level roles to oversee developments in South Boston and East Hartford, Connecticut spanning 2.2 million square feet.
Retail Relic Reinvented as Manufacturing and Office Space in Somerville
A casualty of brick-and-mortar retail retrenchment is being reinvented as advanced manufacturing and office space in Somerville’s Assembly Square.
Lab Space is Federal Realty’s Pick for Assembly Row Site
For its next development block at Somerville’s Assembly Row, Federal Realty Investment Trust is seeking approval for a 381,529-square-foot life science building.
Assembly Row Announces Nine Arrivals, Apartment Rent Growth
Assembly Row developer Federal Realty Investment Trust will add seven new tenants this summer at its 500,000-square-foot retail component.
Federal Realty Sells Saugus Shopping Center for $39.5M
A grocery-anchored retail property in Saugus has been acquired by a partnership of The Grossman Companies of Quincy and Boston-based North Colony Asset Management.
Bluebird Bio to Downsize in Move to Assembly Row
Cambridge-based Bluebird Bio is leaving pricey Kendall Square for Somerville’s Assembly Row in a real estate deal that’s expected to save the company $120 million over the next six years.
New PUMA HQ Reflects Changing Workplace Culture
As Boston-area companies sort their way through return-to-office plans, PUMA has a distinct advantage: a newly-minted headquarters in a 14-story office tower that includes perks ranging from a rooftop beer garden to a playing court atop the parking garage.
Puma Sells HQ to Quincy Developer
As it prepares to open its new North American headquarters at Somerville’s Assembly Row late this year, athletic supplier Puma has sold its 130,000-square-foot Westford office building to a Quincy developer for $12.7 million.
How Landlord-Tenant Relationships Are Changing in Retail
Pop-ups and temporary leases in general are more popular than ever in a post-COVID environment. They are not new but are now more relevant and attractive for all.
Leasing Begins at Somerville’s Tallest Residential Tower
Miscela, Assembly Row’s newest apartment tower that began leasing in preparation for July move-ins, maximizes its status as Somerville’s tallest building with a 24th-floor roof deck featuring Boston skyline views.
Warby Parker, Two Food Vendors Announce Assembly Row Locations
Eyewear brand Warby Parker and a pair of new restaurants will arrive at Somerville’s Assembly Row in 2021, developer Federal Realty Investment Trust announced.
FRIT Earnings Plunge in Second Quarter
Retail landlord Federal Realty’s earnings plunged in the second quarter as rents declined amid shutdowns and the company negotiated rent deferrals totaling 10 percent of its recurring rents.
Assembly Row Developer Proposes Offices at Former Kmart
The developer of Somerville’s Assembly Row is seeking to replace the former Kmart store with 96,000 square feet of office and retail space.
Retail Developer Says Rent Collection Remained Low in May
Tenants submitted just over half of May rent payments to retail landlord Federal Realty Investment Trust, but phased reopenings are continuing at its 104 shopping centers as local authorities lift restrictions on public gatherings.
Federal Realty Rent Collection Plunges in April
Federal Realty Investment Trust has collected just over half of of its rent payments due in April, and the retail and mixed-use developer said it’s set up a $10 million loan fund to help some struggling restaurants when they reopen.
