WASHINGTON (Reuters) – Commercial real estate vacancy rates have already peaked or will soon top out, though rents are likely to continue to fall, a realtors group said on Monday. The National Association of Realtors said it expects the vacancy rate for office space to rise a tick to 16.7 percent this quarter and gradually […]
The local outlook on the beat-up commercial real estate sector may have improved slightly, according to a new survey devised by the University of St. Thomas. The index, based on a poll of 50 commercial real estate leaders in the area, registered 54.1, up slightly from 53.5 last spring when the index was first released. […]
Starbucks Corp. isn’t saying whether Peet’s Coffee & Tea is a potential acquisition target, but there’s no doubt the Seattle-based coffee giant is interested in “buying large and small companies” to grow its consumer products business. As Reuters reported, CEO Howard Schultz said exactly that at an investor conference Wednesday in New York. And there’s […]
LISBON — Sara Vale Lima, sales manager at Eical, a Portuguese textile company, feels suffocated by the euro. The common currency once meant flush banks and easy credit, but these days it has laid bare a cold reality: Portugal shares the high wages and prices of richer northern European neighbors, but not their competitiveness. Multimedia […]
SmartCells Inc., a Beverly diabetes drug developer, is to be acquired by Merck & Co. Inc. for a total of about $500 million, according to a news release today. The transaction will bring SmartCells’ outstanding stock to Merck, while SmartCell shareholders will be given an upfront cash payment, plus potential development and regulatory milestone payments. […]
Boston University trustee Bahaa Hariri has pledged $15 million to build an institute that will focus on research and initiatives that use computation for interdisciplinary applications, according to a report in BU Today. Faculty at the Bahaa Hariri Institute for Computational Science and Engineering will focus on applying computation to four main application-based clusters, including […]
BOSTON – Sanofi Pasteur has entered into a long-term lease extension with Thirty-Eight Sidney Street Limited Partnership, a partnership between Forest City Enterprises and M.I.T., for 53,401 square feet at 38 Sidney Street, located in University Park at MIT in Cambridge, Mass. Sanofi Pasteur will continue to occupy the top two floors of the five-story, 122,000-square-foot […]
QUESTIONS 1. Professionally, where were you ten years ago and where are you now? Now I am even more informed about dealing with town centers and the public sector. Times are far more complicated, and we have much more experience. We have greater understanding of the needs and demands of retailers, customers, landlords and developers. […]
CAMBRIDGE, MA—A prominent 65,000-sf office/retail building has changed hands for $18.9 million. Owned for the past decade by Paradigm Properties, 1030 Massachusetts Ave. is located on the edge of Harvard Square in the city’s tight mid-Cambridge district. Calls to Paradigm principals were not returned by press deadline, while efforts to contact the buyers were also […]
Solar technology developer 1366 Technologies Inc. plans to build its first commercial manufacturing plant in Massachusetts and expects to break ground by next fall, the company’s CEO, Frank van Mierlo, said. The Lexington-based company, founded in 2007, says it has rapidly developed a revolutionary new process for producing crystalline silicon wafers. The wafers, used to […]
