Adding to the growing concentration of startup companies expanding to Boston, Nasuni Corporation is opening up a second office in the Hub. Currently headquartered in Natick, Nasuni’s new sales and marketing office at 101 Arch Street is expected to open as early as July 1st. Nasuni is a storage vendor known for introducing Storage Infrastructure-as-a […]
Boston-based real estate investment and development firm Synergy Investments is continuing its spending spree, partnering with DivcoWest to buy a pair of office buildings and a parking garage in Boston’s Seaport District. Synergy is paying The Archon Group $53 million for the sale of these three properties. The properties include 319 A Street, a 48,000-square-foot […]
Epizyme Inc, a Cambridge-based cancer drug company, commenced public trading last Friday. The biotech listed its initial public offering at $15 a share on the Nasdaq, under the ticker symbol “EPZM.” The rapidly-growing oncology company is offering 5.1 million shares, with the IPO expected to raise $88.8 million if all shares are sold. While only […]
The U.S District Court in Boston came to a ruling yesterday regarding the patent infringement lawsuit filed by Rogers Family Co. against Keurig, a Reading-based manufacturer of coffee brewers that is a subsidiary of Green Mountain Coffee Roasters. Rogers Family Co, a coffee company located in California, launched the OneCup line in 2011. The OneCup […]
Liability insurance provider Coverys announced that as part of their expansion, they are relocating their Boston headquarters to One Financial Center in South Station. Coverys signed a 15-year lease for 60,000 square feet of office space in the 46-story, 1.3-million-square-foot tower. The company currently occupies 49,000 square feet at 101 Arch Street. They are expected […]
Multi-Employer Property Trust, a pension-backed fund based in Washington D.C. recently announced that Burlington Centre, a 620,000 square foot office park in Burlington, is officially on the market. MEPT first bought the property in 1991 for $21.3 million, and the property’s sale could net as much as $100 million. With the continuous expansion of the […]
If you’re looking to purchase a luxury condominium in the heart of Boston, chances are you’re not alone. The median price of a downtown condominium in Boston has reached an all-time high for the first quarter, rising to $537,000 for one unit, up 7% from last year’s first quarter when the median price was $500,000. […]
In less than a week from now, the massive redevelopment project of NorthPoint will take a major step forward. The ceremonial groundbreaking of one of the project’s apartment towers is scheduled for Wednesday May 29th. Located on a 45-acre parcel of land in Cambridge at the edge of the Charles River, the property is expected […]
A local food truck company plans to open their first restaurant in Somerville’s Magoun Square. This is a major move for Pennypackers, a small company which currently operates with two trucks, one in South Boston and the other near Boston University in Brookline. The company’s Facebook page states that the Somerville Zoning Board of Appeals gave the […]
According to HubSpot CEO and co-founder Brian Halligan, location does matter for startup companies. HubSpot, a Cambridge-based marketing software firm (right down the street from ABG’s commercial office) has seen its revenue skyrocket in the past year, bringing in $52 million in 2012, 82 percent up from the previous year’s totals. The company has raised […]
