Hot Property: 211 Congress St.
Seven companies have committed to more than 30,000 square feet of leases and renewals at 211 Congress St., an 80,000-square-foot office building overlooking Post Office Square in Boston’s Financial District.
Biogen Seeks to Sublease Cambridge, Weston Properties
Biogen is offering over 263,000 square feet of office and research space in Cambridge and Weston for sublease in the latest retrenchment of the life science industry’s local footprint.
Will Crash or Slowdown Follow Boston’s Lab Boom?
It’s looking like the answer to the question of what to do with a piece of real estate is no longer just “convert it to life science space,” at least for a few years.
Allston, Somerville Lab Projects Get $1.1B in Financing
A pair of new life science campuses in Allston and Somerville being developed on speculation received nearly $1.1 billion in construction financing.
Dedham Flex Property Trades for $134M
A Dedham property leased to tenants including General Dynamics and the American Red Cross has been sold to Invesco Real Estate for $134.1 million.
$202M Wellesley Acquisition Includes Lab Conversion Potential
Beacon Capital Partners’ newest local acquisition is a four-building Wellesley office campus with potential for a life science conversion.
Jumbo Capital Sells Bedford Life Science Property for $132M
Quincy-based Jumbo Capital sold a Bedford life science property for nearly double its 2020 acquisition price, after securing a lease extension from an anchor tenant in late 2021.
Shopping Center Portfolio Sold for $390M
TA Realty and Wilder are the new owners of nine New England shopping centers following a $390-million series of transactions in Massachusetts and Rhode Island.
Cambridge Researchers Expanding at Network Drive
Kendall Square-based Broad Institute is expanding to a new suburban campus within Burlington’s Network Drive that will house genetic sequencing research space.
Report: Record-Breaking First Quarter for Industrial Market
Steady demand for distribution space translated into another record-breaking quarter for Greater Boston’s 216-million-square-foot industrial real estate market, according to a brokerage research report.
Newmark Buys Tenant Rep Brokerage McCall & Almy
A leading Boston-based tenant advisory brokerage will be absorbed into Newmark’s brokerage empire after 32 years under its previous ownership.
New Owners Plan 140K SF Lab Conversion in Westwood
The new owners of a Westwood office building are set to begin a lab conversion that would become available to life science tenants in 2023.
CBRE Joins Ownership of Facebook Offices in Cambridge
A joint venture including CBRE Investment Management has joined the ownership structure of a Kendall Square office-lab building anchored by Facebook parent Meta Platforms and Bristol Myers Squibb.
Downtown Office Tower Lands Law Firm Relocation
A relocation by a downtown law firm will fill two floors at a Boston office tower that was renovated just prior to the pandemic.
State-Leased Office Building Attracts 1031 Buyer
A state-leased office building completed in 2020 in Burlington traded for $14.3 million as part of a 1031 exchange.
Personnel File – No. 275
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Nonprofit Hails Rare Win in Chinatown Displacement Battle
The acquisition of a Chinatown apartment building is a milestone for the neighborhood’s attempts to fight displacement and loss of housing affordability, according to a local nonprofit that took ownership this month.
Plant-Based Startup Leases Fermentation Plant in Northborough
A Boston-based startup developing improvements to plant-based foods leased a former biomanufacturing facility in Northborough for three new pilot production plants.
Stem Cell Company Leases Woburn Labs
A 10-year-old life science company founded by Northeastern University researchers is building out a new lab facility at 3 Gill St. in Woburn.
VC-Backed Cybersecurity Firm Moves HQ to Liberty Wharf
A Burlington cybersecurity firm that recently raised $200 million in venture capital financing will relocate to Liberty Wharf in Boston’s Seaport District.
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