Boston – Page 10 – ABG Commercial Realty

Conversions of Office Buildings to Apartments, Labs and Hotels Have Captured Attention, But Activity Amounts to Just 2% of Overall Office Market

BOSTON–Conversions of outdated office buildings to other uses such as multifamily complexes, life sciences labs and hotels have garnered widespread attention as the office market adapts to hybrid work. Still, conversion projects in the works represent only a small fraction of the overall market, according to a new report from CBRE. CBRE’s analysis found 218 […]

As Boston Apartment Rents Rise, A Renewed Push for Rent Control

Rent control advocates in Boston are once again pushing for new rent control laws. Of course they are. Apartment rents rose 17 percent in Boston over the last year, on average, including concessions. There’s no relief in the short term either. Market observers predict rents are likely to keep rising sharply through the rest of the […]

MetLife Adds Boston Life Science Asset for $103M

MetLife Investment Management has completed its $103 million purchase of Burlington BioCenter, a 109,085-square-foot life science research and pharmaceutical manufacturing facility in Burlington, Mass. Public records show MetLife financed the acquisition with a $54.4 million loan from Northwestern Mutual. Newmark represented the seller, a joint venture between The Gutierrez Company and GEM Realty Capital, and procured the buyer. The partnership had […]

Here’s how many people Twitter is laying off in Boston

A clear number for how many people Twitter is laying off in Boston is finally emerging, after a week of speculation following Elon Musk‘s $44 billion takeover of the company, thanks to an official state document obtained by the Business Journal. The social media giant told state officials on Friday that it will be conducting a […]

President Biden wants to build a ‘bioeconomy.’ Here’s what that means for Boston.

President Joe Biden is infusing billions of dollars into a new, biotech-focused initiative, and it’s likely to have immediate ramifications for New England. Boston has long been a hotbed for pharmaceuticals in addition to upstart biotechs. But the White House is expanding the definition of what a “bioeconomy” could be, looking beyond drugmaking to other applications of […]

Boston’s Life Sciences Industry and Commercial Real Estate

by Boston Planning & Development Agency, Research Division. Driven in part by the COVID-19 pandemic, demand for biomedical research has strengthened growth trends in the life science industry in Boston, impacting both real estate and employment. According to CBRE, the city of Boston has over 12 million square feet of life science lab space, with […]

One Congress Close to Landing Second Big Tenant

by Steve Adams / via Banker & Tradesman A lease by a second major tenant could fill up the 1 million-square-foot One Congress office tower at Boston’s Government Center well before its scheduled completion in January. Developers of the 600-foot tower and future State Street Corp. headquarters are in talks with a tenant that could […]

Supply chains were made to be broken. Will the industry fix them?

by Ben Unglesbee | via Retail Dive For supply chains, the pandemic has brought unprecedented levels of disruption. The specific confluence of events was beyond anybody’s ability to foresee. But, at least in a general sense, everyone should have expected something like the year that just passed to happen. Risks of severe stress and even failure are […]

Boston beat Manhattan for commercial property sales activity in 2021

by Greg Ryan | via Boston Business Journal Commercial property sales hit a record high in the Boston market last year, making the Hub the top-performing real estate market on the East Coast second only to Atlanta, according to a new report from Real Capital Analytics. The region saw $25 billion in sales in 2021, […]

Taurus Acquires $92M Office Portfolio in Newton, Preps for Carbon Reduction

by Lisa McDuffie| via connectcre.com Boston, MA-based Taurus Investment Holdings has acquired Wells Park, a three-building Class A-/ B+ office portfolio located in Newton, MA, for $92 million. The 377,696-square-foot multi-tenant space is 93% leased. The CBRE team of Scott Dragos, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandeman, Tim Mulhall and Dan Hines arranged the sale […]

Tags: Boston

Conversions of Office Buildings to Apartments, Labs and Hotels Have Captured Attention, But Activity Amounts to Just 2% of Overall Office Market

As Boston Apartment Rents Rise, A Renewed Push for Rent Control

MetLife Adds Boston Life Science Asset for $103M

Here’s how many people Twitter is laying off in Boston

President Biden wants to build a ‘bioeconomy.’ Here’s what that means for Boston.

Boston’s Life Sciences Industry and Commercial Real Estate

One Congress Close to Landing Second Big Tenant

Supply chains were made to be broken. Will the industry fix them?

Boston beat Manhattan for commercial property sales activity in 2021

Taurus Acquires $92M Office Portfolio in Newton, Preps for Carbon Reduction

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