By Lynn Pollack | February 23, 2023 at 05:53 PM Massachusetts has the lowest vacancy rate of rental homes in a recent study, followed by Maine, Utah, Kentucky, and Montana. According to TexasRealEstateSource.com, utilizing US Census Bureau data, Massachusetts has the tightest vacancy rate for rental properties at 2.8%, followed by Maine at 2.9%, Utah at 3%, Kentucky at […]
By Rowan Walrath – Life Sciences Reporter, Boston Business Journal Jan 23, 2023 Moderna Inc. is hiring another 2,000 employees this year, a move that would massively grow its headcount — and most of them will be in Massachusetts. The Cambridge-based company (Nasdaq: MRNA) currently employs around 4,000 people globally, CEO Stephane Bancel told investors at the J.P. Morgan Healthcare […]
Regency Center Corporation’s (Nasdaq: REG) overhaul of a trio of century-old buildings located in Cambridge, Massachusetts into modern mixed-use space—while carefully preserving the historic flair of their surroundings—reflects the versatility and perseverance of a REIT best known for its grocery-anchored shopping centers. The Jacksonville, Florida-based REIT’s restoration of the Abbot Building complex, a collection of three […]
Project: A brownstone-turned-boutique-hotel in Cambridge’s Central Square, with a ground-level restaurant and a rooftop bar. Opening: 2020 Developer: Patrick Barrett (solo practitioner) Development costs: $24 million What’s electric? All 67 hotel rooms have their own heat pump. Some restaurant kitchen equipment. What’s gas? The hot water system, restaurant stoves and the building’s emergency backup system. Patrick Barrett, […]
By Anissa Gardizy & Catherine Carlock Firms that signed big leases right before COVID are trying to design an office worth coming back to. After repeated false starts during the pandemic for returning to the office, the future of in-person work for white-collar professionals around Boston is becoming slightly more clear. In many industries, the […]
via bldup.com Safehold has acquired the 20 Cambridgeside Place condo unit with the Cambridgeside Mall site for $156,435,583.82. Work is currently underway for the transformative redevelopment of the full site to create around 650,000 square feet of office, life science, and residential space. At 20 CambridgeSide concrete floor decks are being placed and structural steel install is also […]
by Catherine Carlock / via The Boston Globe A Waltham lab and office building that started construction in 2019 without any tenants committed has landed leases from two biotech companies. Seqirus, a global influenza vaccine maker with a local research and development arm in Cambridge, and ElevateBio BaseCamp, the Waltham research and development and manufacturing arm […]
Nearly two years into the pandemic, a street-level survey finds the hub of science and research remains sparsely populated. by Scott Kirsner – via The Boston Globe What is Kendall Square like during the third wave of the pandemic? I wanted to understand how Cambridge’s celebrated cluster of innovation felt and who was working there. […]
Photo by: The Boston Globe With vacancy rates as high as 8.0% for industrial properties in the Boston commercial real estate market, many have been searching for a way to keep their businesses out of the red. One of the new innovations as of late is the re-purposing of industrial building’s roofs for solar panel […]
In the first quarter of 2015, the Boston industrial market showed minimal change from Q4 of 2014. The vacancy rate stayed the same in both quarters, at 8.0%; however, that number was down from Q3 of 2014, where the vacancy rate was at 8.3%. The overall vacancy rate for flex and warehouse projects went down, […]
