Stephanie Deering of ABG Realty recently represented Transition House in the lease of 7 Temple Street in Central Square in Cambridge. 2,500 square feet of office space was leased to the non-profit organization, which provides shelter and guidance for victims of domestic violence. This office space — located in the heart of Central Square — […]
There are currently 2.5 million square feet under construction in the city of Cambridge. From Central Square to East Cambridge, commercial real estate development is thriving. A great deal of this construction consists of lab space for tech and pharmaceutical companies. One reason for this is the Commonwealth is looking to take advantage of the talent […]
With things looking shaky on the home front, Chinese investors have decided to try their hand in American real estate. Wealthy Chinese are pouring money into commercial and residential properties across the United States, from high-rise condominiums in San Francisco to office towers in Manhattan. Ms. Zhang Xin, the CEO of China’s largest commercial real […]
Spindle Labs announced on their blog today that they have been acquired by Twitter, marking the third time this year that the social media giant has acquired a Boston-area tech startup. Co-founded in 2010 by a trio of employees from Microsoft’s Cambridge office, Spindle Labs specializes in social content discovery. The company’s mobile app serves […]
Charles River Realty Investors and National Development have teamed up to purchase New England Executive Park for $216 million. NEEP is a campus comprised of 10 office buildings, located in Burlington, Massahusetts right next to the Burlington Mall off Route 128. The portfolio on these properties currently show a 14 percent vacancy rate, and investors […]
Q1 2013 Office Trends from Reis Reports Here are some significant and noteworthy trends from the Office sector of commercial real estate in the first quarter of 2013, as explained by Dr. Victor Calanog, VP of Economics and Research at ReisReports: The office vacancy rate declined 0.1% to 17% at the end of the quarter, […]
Dozens of startup companies have found a new destination for affordable office space: Downtown Crossing. The more popular destinations, such as Boston’s Seaport/Innovation District and Kendall Square in Cambridge, have proven too expensive for these emerging companies. The 1.4 million square foot Downtown Crossing submarket is better known as the hub of department store shopping […]
Commercial real estate firm Cassidy Turley recently relocated its Minneapolis headquarters to the IDS Center in downtown Minneapolis. Prior to this move, Cassidy Turley engaged its younger employees – known as millennials – in the office space conversation to gain an idea of what they had in mind for the future of the company. Millennials […]
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 […]
