Updates in the world of Commercial Real Estate
The amount of available office space in Boston’s Financial District has reached a five-year-low. While much of this can be credited to the ongoing economic recovery, brokers attribute the rebound to the influx of companies moving downtown. With limited available space and rents still as high as $50 per square foot in Kendall Square and […]
In what is excellent news for the Bay State from both an economic and environmental standpoint, the Massachusetts Clean Energy Center recently made an offer of $1 million to support energy-efficient retrofits for affordable multifamily housing developments. The MassCEC was created in 2008 for this exact purpose. They aim to accelerate the Commonwealth’s clean energy […]
This past Monday, local carsharing company Zipcar celebrated the relocation of its global headquarters from Cambridge to Boston with a parade. A procession of Zipcars and Zipvans made its way over to the company’s new location in the Hub’s Innovation District. Zipcar’s move into the Innovation District – a highly-coveted area for businesses, especially startups […]
In what Boston Business Journal states could be the largest suburban commercial real estate deal of the year, marketing products provider Vistaprint is expecting to sign a long-term lease for a new 300,000-square-foot headquarters in Waltham, Massachusetts within the next couple weeks. The deal is projected to be more than 10 years. The Netherlands-based company is […]
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 […]
In our previous post, we mentioned that companies such as Neiman Marcus are placing a greater emphasis on smaller spaces. This trend is not limited to high-end retailers. In Massachusetts, small to mid-size vendors are reaping the benefits of the ongoing state and nationwide housing recovery. With the recession in its rearview mirror, the Massachusetts […]
The sale of luxury goods has always been a vital component of the retail market. In order to appeal to the world’s wealthiest customers, some retailers have begun to make slight changes in their operating strategy. Neiman Marcus Inc. is one such example. The global retailer specializing in high-end fashion items, filed its initial public […]
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 […]
A Cambridge robotics software startup plans to introduce new technology by the end of the year that will ultimately allow robots to work autonomously from humans. Neurala, Inc. recently unveiled the world’s first robot intelligence software designed for widespread commercial use at the Boston TechStars Demo Day Event, a showcase for companies participating in Techstars’ […]
Deep Information Sciences, a startup based in Portsmouth, NH, is making waves in tech industry with DeepDB, their new database technology. One of the company’s earliest customers provides logistics for field personnel in times of major crises. According to Deep CEO Kurt Dobbins, the unnamed customer was able to use Deep DB to generate a […]
