Lender Buys Fort Point Lab Conversion for $57M
Starwood Property Trust acquired a Fort Point office building that was converted into lab space by the previous owners for $57.2 million.
NU Buys Converted Lab Building at Big Discount
A suburban lab conversion was acquired by Northeastern University for $33 million, just three years after a local developer sold it for $103 million to an institutional investor.
BioMed Plans More Lab Space in Cambridge
Cambridge still has the region’s lowest lab vacancies despite the life science industry slump, prompting a leading developer to pursue a project adding nearly 113,000 square feet to the local inventory.
InterContinental Owners Sue Developer Over Lab Conversion
Condominium owners at Boston’s Intercontinental Hotel asked a judge to intervene in a property dispute over an office-to-lab conversion project they claim is generating around-the-clock disturbances.
Rockland Trust Facing $54.6M Non-Performing Route 128 Office Loan
While Rockland Trust saw deposit and net interest margin growth, a $54.6 million office loan was reclassified as non-performing executives said Friday morning, hampering the gains the bank made in the third quarter.
Developer Proposes Partial Lab Conversion in Leather District
Three years after paying $210 million for an office building in Boston’s Leather District, a life science developer is proposing a partial conversion for lab space.
$150M Refinances Redgate’s Bedford Office-to-Lab Conversion
Owners of a successful office-to-life science conversion in Bedford received $150 million in refinancing for the 288,000-square-foot complex from Apollo Global Management.
Andover Lab Conversion Lands Four Tenants
Four life science companies have inked leases in a lab conversion of Andover Technology Park, including the new U.S. headquarters of a Bill & Melinda Gates Foundation-backed vaccine manufacturer.
Burlington Lab Conversion Attracts Weather Researchers
A Finland-based environmental equipment company will relocate its local offices from Woburn to a lab conversion led by Jumbo Capital in Burlington.
Hot Property: Bedford Labs
Developers delivered the core and shell of a 288,000-square-foot lab and research building following the renovation and conversion of office space in a Bedford business park.
BPDA Approves New Lab Projects and Office Conversion
The largest community benefits agreement to support arts and culture in Boston history is the price that a lab developer will pay to replace Brighton’s Sound Museum with a life science campus.
Alexandria Drops Lab Conversion, Will Sell Newton Office Park
Alexandria Real Estate Equities has dropped a planned 510,000-square-foot life science conversion in Newton, and recorded a $139-million impairment charge on the property.
An Advisor on Lab’s Potential and Pitfalls
Kerrie Julian has enjoyed an up-close perspective on Greater Boston’s powerful life science expansion over the past two decades. Now, as director of life science strategy at Margulies Perruzzi, she’s got a perfect perch to watch a sector in transition.
Lab Conversion Sought for Downtown Crossing Offices
Life science space is the preferred future for a 10-story Downtown Crossing office building acquired in 2022 for $107 million.
Jumbo Capital Lab Conversion Inks Four Tenants
A recent office-to-lab conversion by Jumbo Capital in Waltham received commitments from four new tenants totaling nearly 50,000 square feet.
BPDA Approves Plans for Hotels and Life Science Buildings
The Boston Planning & Development Agency approved 1.6 million square feet of projects, including a pair of hotels and new lab buildings in the Leather District, Fort Point and the marine park.
Lab Conversion of Weston Office Campus Gets $150M Loan
The conversion of a former Liberty Mutual office property in Weston into a three-building life science campus received $150 million in construction financing.
Burlington Lab Conversion Gets $87M in Financing
The new owners of a Burlington office building received $87 million to convert the property into 175,000 square feet of life science space.
Burlington GenLabs Lands Lexington Researchers
A Lexington diabetes research firm has signed the first lease at at a Burlington office building being converted into life science space.
BPDA Delays Fort Point Lab Conversion
Boston Planning & Development Agency directors approved over 480,000 square feet of real estate projects Thursday, while putting the brakes on a proposed lab conversion in Fort Point.
