Are Clean Energy Tenants CRE’s New Savior?
As life science demand wanes, developers are increasingly marketing new projects to Massachusetts’ growing clean energy sector, flush with funding from venture capital and new federal programs.
Will Biomanufacturing Make It in Massachusetts?
Biomanufacturing was supposed to be a big part of the next “Massachusetts Miracle,” but tenant requirements have been cut in half in the last year. But its believers have faith in the sector’s durability over the long term.
No New Clusters, But Notable Lab Projects Remain in Play
Commercial real estate is facing a variety of headwinds as we enter the second half of 2023. Nevertheless, Boston has historically proven to be one of the most resilient real estate markets, nationally and globally.
Wu Offers Big Tax Breaks for Housing Conversions
Owners of downtown Boston office buildings will get a chance to receive tax breaks for residential conversions, provided that the projects meet the city’s affordability and clean energy goals.
Industrial Vacancies Rise As Tenants Shrink Expansion Plans
Industrial vacancies rose to 5.4 percent in Greater Boston as warehouse users cut back on their space requirements amid an uncertain economic outlook.
Toast Terminates Fenway Lease After Posting $81M Loss
As it expands its restaurant point-of-sale systems into the hotel sector and new markets including the United Kingdom, tech vendor Toast Inc. is purging a portion of its real estate footprint in Boston.
Anchor Line Leases Bedford Labs to Taiwan Biotech
A Taiwanese life science company with local offices in Burlington is establishing a new research facility at 36 Crosby Drive in Bedford.
Personnel File – No.290
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Financial Firm Shrinks Footprint in Huge Post Office Square Lease
Boston investment firm Eaton Vance is leasing a significant chunk of the One Post Office Square tower currently under renovation, but will be shrinking its footprint when it moves from its current home at International Place.
Office Landlords Forced Into Waiting Game
COVID concerns continue to cast a shadow over the future of office space and delay tenants’ decisions about long-term real estate needs, a state of uncertainty that’s expected to linger well into 2022.
Newton Late to Join Life Science Experiment
Two projects in Newton raise the question: Is the city set to emerge as the region’s next life science cluster, as pharmaceutical and biotech companies increasingly look outside of Cambridge’s crowded and expensive Kendall Square for desperately needed space?
Industrial Market Tightened in Q2
Greater Boston industrial rents spiked 4.4 percent in the second quarter as vacancies dipped below 5 percent, according to a brokerage report.
Berkeley Investments to Expand Mill 240 in Lawrence
Boston-based Berkeley Investments is seeing growth opportunities in Lawrence, where it has completed a $98.5 million acquisition of a five-building multifamily and industrial portfolio.
Minority Officers’ Group Plans Compact Housing, Event Space
A nonprofit organization that represents minority law...
Sanofi Manufacturing Facility Sold for $33M
A Northborough life science facility leased to Sanofi Genzyme has been acquired by a joint venture of Wheelock Street Capital and Camber Development for $33 million.
‘The Only Game in Town’
As the office market in Greater Boston continues to suffer amidst the pandemic – with firms listing more than 2.7 million square feet of office sublease space in recent months – the region’s life-science sector remains red-hot, as biotech and pharmaceutical companies continue to sign major leases and relentlessly look to expand.
Boston Office Sublease Market Hits 2.7M SF
Increases in sublease activity and hesitation by companies to sign long-term lease renewals are leaving their marks on the once-thriving Boston office market, according to a pair of new reports.
Hot Property: 101 Walnut St.
Startup Firefly Health’s 19,112-square-foot lease at 101 Walnut St. in Watertown brings the property up to 100 percent occupancy.
Sublease Market Spikes as Companies Rethink Real Estate
Local commercial real estate researchers are tracking nearly 500,000 square feet of sublease space in Greater Boston that’s hit the market since mid-March as the area faces questions about the future of office space and a sizable construction pipeline.
Telemedicine Startup Leases Office Space in Watertown
A telemedicine startup whose executive team includes former Athenahealth CEO Jonathan Bush has leased 19,112 square feet at 101 Walnut St. in Watertown, bringing the 96,000-square-foot office property to full occupancy.
