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.
Greater Boston’s life science industry continues to generate demand for office and lab space as 81 firms seek more than 2.6 million square feet in the region, according to a commercial brokerage research report.
Kendall Square has seen achieved lab rents top $125 per square foot on a triple-net basis, leading tenants, landlords and investors to look to secondary clusters nearby.
With a combination of low vacancy, high demand and some of the highest asking rents in the country, life science properties in the Boston metro are more desirable than ever for investment firms, both large and small.
A three-year-old Kendall Square biotech startup that received a $70 million investment from Vertex Pharmaceuticals in May is joining Watertown’s expanding life science corridor.
As Doble Engineering prepares to relocate to a new headquarters in Marlborough, a developer is eyeing its Watertown property for a 213,500-square-foot office and lab building.
A speculative development that has tapped into West Cambridge’s expanding life science cluster is under agreement to a California investor for $332.5 million.
The success of Boston Landing – which leased brand-new lab space to Roche Diagnostics, incubator SmartLabs and Proteostasis Therapeutics in 2017 – put Allston on the map as a budding life science cluster. Now, life science developers have begun to outbid multifamily competitors for development sites.
Special permits have been approved for conversion of a 53-year-old office building overlooking Route 128 into a 140,000-square-foot lab complex.
Suburban life science developer King Street Properties has been named “Landlord of the Year” by the membership of the Greater Boston Real Estate Board Commercial Brokers Association.
Upgrading office and industrial buildings to lab-ready space is paying off for a growing field of developers hoping to snare the next hot biotech startup transitioning from early-stage research to commercialization.
The booming biotech industry is spilling out of Kendal Square in what looks like a flood of biblical proportions, but what happens if a Democrat takes the White House in 2020, riding a wave of demand for “Medicare for All”?
A former car dealership property on the outskirts of Watertown Square has been acquired for a record-setting $7 million by a Newton development company.
During his 22-year career, Adam Sichol has had a front-row seat on the life science industry’s expansion into Greater Boston’s most dynamic commercial real estate sector and played a hand in companies’ growth and relocations.
A major Waltham landlord has announced plans to build what it says will be the largest contiguous class A office building ever built along Route 128’s technology belt.
