EMC Data Center Sold for R&D Conversion
An EMC office building and data center in Hopkinton will be repositioned for R&D and flex tenants following its sale to a Boston developer.
Sublease Surge Puts Pressure on Lab Rents
Asking rents for life science space in Greater Boston have declined 10 percent from 2022’s peak and landlords are likely to offer further concessions amid a recent uptick in sublease space.
Study: Lots of Amenities the Key Difference in Office Performance
A new analysis by researchers at commercial brokerage JLL has concluded that a high level of amenities is the key difference between buildings that kept or gained tenants over the last four years, and those that lost tenants.
Synergy Nabs Downtown Office Tower in $78M Buy
Boston-based developer Synergy made another bet on the future of the office market with acquisition of a 406,928-square-foot office tower in Downtown Crossing.
Taunton Mall Redeveloper Gets Spec Construction Loan
The developer that acquired the shuttered Silver City Gallery mall in Taunton will begin the first phase of a 147-acre business park after obtaining financing from BMO Harris Bank.
Spec Suite Strategy Pays Off at Framingham Property
Move-in ready office space at a 74,000-square-foot Framingham property attracted its fourth lease in recent months, in a confirmation of the owner’s strategy of targeting small- and mid-sized tenants with speculative buildouts.
All-Electric Warehouse Gets Financing in Wilmington
A partnership of Wheelock Street Capital and Camber Development is scheduled to complete construction of an all-electric warehouse and distribution center in Wilmington in early fall after receiving $57 million in construction financing.
Amid CRE Slowdown, Opportunities in Play
2024 promises to be a year of reckoning for many Boston-area commercial property owners as rising vacancies and expiring mortgages threaten their once-lucrative business plans.
Updated Andover Property Secures Office/R&D HQ Tenant
A recently renovated Andover property secured a lease with a Woburn-based instrument manufacturer for a new office and R&D facility.
$35M Construction Loan Kickstarts Three-Building Worcester Project
A senior living developer is beginning construction of a 123-unit project in Worcester after receiving $35 million in construction financing from Washington Trust.
Spec Industrial Project Gets 444K SF Tenant
A medical equipment distributor leased 444,413 square feet at an industrial development in Uxbridge, in the region’s largest lease at a speculative project in 2023.
128-Room Cape Hotel Sold to Lexington Investor
A Lexington hotel management company is expanding its portfolio with the $10.7 million acquisition of a 128-room Cape Cod Hotel.
Personnel File – No. 351
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Gardner Food Packaging Company Completes Sale-Leaseback
A Gardner-based food packaging company leased back its property from a Philadelphia real estate investor following a $9.6 million transaction.
Middleborough Hotel Sold to Lexington Firm for $9M
A Middleborough hotel was acquired by a Lexington investor this week for a price more than double its previous trade in 2016.
Boston Office Rents Keep Sliding Despite Demand Bounce
Over the past 12 months, office tenants’ active space requirements have increased nearly 26 percent, according to new JLL research.
Suburban Lab Conversion Gets Seventh Tenant
A suburban office-to-lab conversion inked its seventh tenant to date with a 42,000-square-foot lease to a Cambridge-based biotech.
Investor Breaks the Ice with Downtown Office Buy
A Miami-based real estate investor made the first plunge into Boston’s chilly office investment sales market since early 2022 with the $41 million acquisition of a Financial District property.
Richards Joins JLL Life Science Team
As brokerages compete for a share of shrinking demand for life science space, JLL Boston boosted its life science brokerage team with the addition of a top Cushman & Wakefield executive.
Westfield Property Sold to Manufacturing Company
A metal manufacturer will open a new facility in Westfield following its purchase of a nearly 230,000-square-foot industrial building next to Westfield-Barnes Regional Airport.
