Opportunities and Pitfalls Await Office Investors
Big leases by Hasbro and KKR at trophy office towers have generated buzz about the Boston office market after several years of consolidations and downsizing.
Leominster Keeps Plastics Manufacturer in 213K SF Lease
A Quebec injection molding manufacturer solidified Leominster’s status as “Plastics City” with a renewal of its 213,000 square-foot lease at 175 Pioneer Drive.
Law Firm Downsizes in Renewal at 60 State St.
Law firm WilmerHale downsized while renewing a long-term lease at a downtown Boston office tower where it’s been an anchor tenant for nearly a half-century.
VC-Backed Dental Startup Moving to 179 Lincoln
A startup that’s pioneering the use of robotics in dentistry leased nearly 20,000 square feet in Boston after receiving a round of venture capital funding early this year.
Boston Office Vacancy Rate Drops to 21.2 Percent
Office vacancies in Boston dropped for the fourth consecutive quarter, but the pace of leasing activity declined amid economic uncertainties.
Will VC Rebound Stimulate Lab Leasing?
Venture capital investment in the U.S. life science industry surged in the second quarter, potentially easing the historic glut of lab space seeking tenants.
Greater Boston Office Availability Rate Tops 20 Percent
Greater Boston’s office availability rate reached a record high of 20.2 percent at the midyear mark after another declining quarter for leasing activity and uptick in sublease space.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s the 256th installment of Banker & Tradesman’s Personnel File.
Savills Adds Avison Young Brokerage Trio
After acquiring Boston commercial real estate brokerage T3 Advisors in June, Savills has hired three experienced local brokers to expand its Boston office.
British CRE Brokerage Buys Boston Life Science Specialist
British-born commercial real estate advisory and brokerage firm Savills announced it’s buying T3 Advisors, a specialist in life sciences tenant representation.
With New Name, Brokerage Seeks Growth In Boston
Commercial brokerage Savills Studley Inc. is rebranding itself as Savills Inc. and promoting its new image in commercials during the NCAA men’s basketball tournament and an upcoming online marketing campaign.
