By Rowan Walrath In the 2010s, life sciences developments made up less than 5% of all office construction nationwide. In the last two years alone, such projects have compromised more than one-in-four new projects, according to a new report from commercial real estate software company CommercialEdge. The report, released last week, warns of a possible oversupply on […]
By Rowan Walrath – Life Sciences Reporter, Boston Business Journal Developers hit a significant milestone in construction for a new, $915 million lab project in Boston’s Allston neighborhood. On Monday, developer King Street Properties and building contractor Consigli Construction Co. Inc. topped off the project that will become Allston Labworks, a mixed-use site involving life sciences space, […]
By Greg Ryan Astellas Pharma Inc. has agreed to take space on two floors of the newest lab building in the massive Cambridge Crossing mixed-use development, one of the region’s largest lab leases this year. The Japanese pharmaceutical giant will occupy about 62,000 square feet at 441 Morgan Ave., a 10-story building whose core and shell […]
Meet the people who helped make it happen Cathy Mande surveyed the rubble of her former home on a recent warm day, a serene look on her face. A few days later, the rubble would be gone, cleared away to build what many hope will bea new model for affordable housing. Months prior, when Mande […]
By Greg Ryan With the help of a crowdfunding platform, a Boston-based real estate development firm and its partner have acquired a nearly 12-acre commercial property in Somerville’s Assembly Square for $142.5 million. A joint venture between Cabot Cabot & Forbes and a Cannon Hill Capital Partners fund bought 65-75 Mystic Ave., a site adjacent to […]
By Peter Grant Prologis has agreed to pay Blackstone $3.1 billion for a portfolio of U.S. warehouses and distribution properties in a sign that industrial space remains one of the strongest property types in the shaky commercial property sector. The portfolio includes nearly 14 million square feet in about 70 properties in major markets including Atlanta, California, Dallas, south […]
By Erik Sherman Since partway into the pandemic, distress has been a, well, distressing topic. People expected it immediately but then values, prices, and rent growth grew at historically high paces. Then came inflation and, eventually, interest rate jumps that put many properties into a questionable ability to gain refinancing. In a report on May 2023 […]
By: Paul Bubny Boston-based real estate firm Rise has struck a deal for a 123-acre site in Braintree where it plans to build a campus for movie and television productions, reported the Boston Business Journal. The development construction firm has a purchase-and-sale agreement with Boston’s Onshore Properties for Banner Parkplans to develop 272,500 square feet of […]
By: Emily Fu Hines has completed the demolition phase to commence construction on Chelsea Point, a strategic industrial development site in Chelsea, Massachusetts. Located at 250 Marginal Street, the 146,409-square-foot Class A facility will feature a 36-foot clear height and flexible design for single or multi-tenant uses. Construction is expected to be finished in […]
Center of Innovation Across Industry Sectors Boston is a leading center of innovation in multiple sectors including life sciences, high tech, clean energy, maritime and aerospace. Because of the large entrepreneurial base, and the great concentration of universities, research centers, hospitals and support services, there are many other types of companies developing products ranging from […]
