Ames-Webster Mansion sold to Saudi buyer
Raymond Property Co. recently sold its headquarters in Boston’s Back Bay for $14.5 million
Trends to look for in the commercial real estate market
In the past years, the commercial real estate market has experienced a multitude of changes in response to poor economic conditions. Tenants, particularly large public firms, have been downsizing to cut costs. Office spaces are changing to accommodate downsizes. For example, non-dedicated offices and flex spaces are being utilized to diminish costs. In addition, Norm […]
NorthPoint construction begins
Construction on NorthPoint, a 20-story apartment complex, has commenced in Cambridge. HYM Investment Group, the real estate developer behind the project, stated that $2 Billion development could encompass 5 million square-feet and will include residential, commercial office, biotech, and retail opportunities. The residential portion of the development will include 355 luxury units. Progress on the […]
Stephanie Deering of ABG Realty leases 2,000 SF to Upward Spiral Studios.
Stephanie Deering of ABG Realty was the sole broker in the transaction and coordinated the lease between the parties Upward Spiral Studios (the Lessee) and YWCA Cambridge (the lessor). This gym / flex space in the heart of Central Square is situated in a great location in between Mass Ave and Prospect Street. The building […]
Zipcar will make move from Cambridge to Boston.
Zipcar Inc. announced yesterday in a press release that they will move their offices from Cambridge to Boston. Zipcar plans on occupying 35 Thomson Place in the Seaport District. They plan on occupying the entire 6-floor 46,000 square foot building. This all comes as a clear push to make the Seaport District the new Innovation […]
Boston Scientific relocating to Marlborough
Boston Scientific Corp., a local developer of medical devices, is moving its headquarters from Natick to Marlborough, near the intersection of Interstate 290 and Interstate 495. The transition is set to begin in the spring of next year and will stretch into the summer of 2014. “A new global headquarters in Marlborough will more effectively […]
PayPal’s Boston office to relocate this year
PayPal is relocating from its 27,000 square-foot North Station office to a newly renovated 65,000 square-foot space in the Financial District. The space, located at International Place, will more than double PayPal’s current space and includes space for at least 5 local startups. David Chang, COO of PayPal’s Boston operations, says the company will make […]
Redesign for the Mall at Chestnut Hill
Simon Property Groups has announced plans to expand the original footprint of the Mall at Chestnut Hill in order to accommodate three new restaurants as well as improvements to the façade of the building. The changes have been attributed to competition amongst retail developments around Route 9. New blueprints filed with the city include plans […]
Zynga closes Boston office
Zynga, a social game provider based in San Francisco, CA, has announced the closure of its Boston office as well as a 5% decrease in its full time work force of 2,900 employees. Reductions are part of a cost-cutting campaign the company has undergone due to recent declines in earnings. The company has also cut […]
162,000 Square feet of space signed at Technology Square
Today at 400 Technology Square in Cambridge leases totaling 162,000 square feet have been signed. The involved companies were as follows: The Massachusetts Institute of Technology (MIT), The Ragon Institute Harvard University Epizyme Warp Drive Bio Aramco Services Co. Alexandria Real Estate Equities (NYSE: ARE), an owner, operator, and developer of life science office and […]