Boston Architecture Firm Acquires Biotech Consultancy
Boston architecture firm SGA is expanding its life science practice with the acquisition of a Portland, Maine-based consultancy focused on biopharma research and development facilities.
East Cambridge Lab Rents Hit Triple Digits
East Cambridge maintained its position as the region’s top destination for lab tenants, with asking rents topping $101 per square foot triple-net in the fourth quarter.
The Year in Commercial Real Estate
From a booming life science industry spreading further out from East Cambridge to new multifamily housing models and an e-commerce-fueled explosion in interest in distribution facilities, here’s what drove demand in 2019.
In a Tight Market, Workplace Strategy is Key
Several new trends have emerged from the area’s lab space shortage: defensive leasing, consolidating office space in labs and life sciences tenants being pushed into markets close to East Cambridge.
Office and Lab Pipeline Hits Cyclical High
Due to the scarcity of developable sites in key urban markets, both office and lab developers are getting more creative and increasingly pursuing opportunities outside of traditional business districts, like the South End, South Boston, Somerville and Allston-Brighton.
South Boston Lab Site Could Sell for $80M
Developers that bought a South Boston warehouse property for $25 million just over a year ago are preparing to cash out after gaining approval for an office-lab complex on the primed-for-life science A Street corridor.
When Speculative Projects Seem Like a Sure Bet
Maybe there’s a better term than “speculative” to describe commercial development in Cambridge, where tech and life science tenants are eager to commit to office and lab space before shovels are in the ground.
Editorial Cartoon: Coffee: The Great Equalizer
A new idea behind grabbing coffee with clients.
Building Ahead of the Market
Building lab-ready buildings on speculation has been a no-lose development proposition in recent years, spilling out of the life science industry’s Cambridge hub to an ever-expanding list of relief valve markets from Boston’s Seaport District to Metrowest.
Life Science in the Driver’s Seat
The development boom in Greater Boston showed staying power in 2017 as the region continued to attract commitments from major office and lab tenants. Big leases by Alexion Pharmaceuticals, PTC and Rapid7 reflected the appeal of brand-new office towers in the Seaport and North Station neighborhoods, while life science companies looked beyond Kendall Square for growth. Class A office and lab markets continued to grow in inner suburbs such as Somerville and Watertown, driven by the expanding life science industry. Apartment and condominium developers increasingly focused on outlying Boston neighborhoods and transit-friendly suburban neighborhoods.
MLSC Opens New Round Of Life Science Incentives
The Massachusetts Life Sciences is accepting...
Lexington Life Science Campus Draws Local Gov., Industry Leaders For Latest Groundbreaking
King Street Properties broke ground today on its...
