Demand is simply outstripping supply for all types of industrial space, including old-fashioned light-manufacturing space, and there’s no end in sight despite recent facility conversions and new construction of millions of square feet of supply.
There’s a land grab going on in central Massachusetts as developers seek sites where new drug candidates invented in Greater Boston’s ever-expanding lab facilities can be tested.
An industrial property in Medway has changed hands for $18.6 million.
Jefferson Apartment Group and Principal Real Estate Investors have acquired Highlands at Hudson, a 158-unit apartment complex in Hudson with plans to renovate units and upgrade its amenity package.
The first phase of a 50,000-square-foot cannabis cultivation and production facility is expected to break ground this spring in Medway.
A national information technology provider is relocating its Massachusetts offices from Andover to Cummings Properties’ 40 Shattuck Road in Andover.
With a downtown renaissance gaining momentum, the city of Haverhill is looking to spread its economic growth and tap into demand for industrial development along Interstate 495.
A 3.6 million-square-foot portfolio of industrial properties is hitting the market in the Boston area.
Looking ahead to a new decade in 2020, suburban office users will continue to gravitate towards quality modern office space as tenant experience and talent retention remain key drivers of business decisions.
Investor demand continues to outpace the availability of deals, putting upward pressure on pricing across product type and geography and causing suburban investment yields to begin converging with urban yields for select, well-located assets.
Call it a tale of two industries. Executives continue to be awed by the industrial sector’s transformation. But for retail real estate, analysts wonder when the carnage will end, as e-commerce firms continue to bite into the sales of large, brick-and-mortar retailers.
The Interstate 495 corridor, particularly the MetroWest area, has become attractive for investors and developers looking to maximize their returns as office and lab uses out-compete multifamily projects on rents. Two recent sales are no exception.
A 345,000-square-foot high-bay distribution facility has broken ground on speculation in Bellingham to meet growing demand from e-commerce and logistics industries along the I-495 corridor.
For developers looking for prime opportunities to build or buy multifamily properties in Massachusetts, the Interstate 495 submarket may offer some of the best returns.
Concord-based True North Capital Partners picked up a 57,000-square-foot, 62-unit apartment complex in Marlborough.
The New York Stock Exchange’s only publicly-traded cannabis real estate company has agreed to invest an additional $8 million into a Holliston marijuana production facility in a deal with operator PharmaCann LLC
Stoughton-based Conroy Development is the new owner of a Taunton distribution facility for Williams Sonoma-affiliated furniture brands.
