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 […]
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’ […]
Epizyme Inc, a Cambridge-based cancer drug company, commenced public trading last Friday. The biotech listed its initial public offering at $15 a share on the Nasdaq, under the ticker symbol “EPZM.” The rapidly-growing oncology company is offering 5.1 million shares, with the IPO expected to raise $88.8 million if all shares are sold. While only […]
by Byron Chen In the first quarter of 2013, Boston’s Industrial market has shown marked improvement in several areas when compared with data drawn from 2012. The market ended with an overall vacancy rate of 10% at the end of the quarter, decreasing from 10.4% at the end of the 4th quarter of 2012. The […]
On February 5, 2013 the East Cambridge Business Association released updated plans to revitalize Kendall Square as a world-renowned center of innovation. The goal of redevelopment is to create a vibrant, mixed-use district that will compliment innovations underway on MIT’s campus. ABG Commercial is excited about the development of the PUD-5 district. As the housing […]
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 […]
Hanover Co., a Houston-based developer, has its sights set on Boston. The developer announced that it will break ground on two apartment complexes by the year’s end. The developments, one in Boston and the other in Cambridge, are the newest additions to Boston’s ever-changing skyline. The Cambridge development, a 398-unit apartment complex, will commence next […]
On October 2, 2012 the Cambridge Planning Board approved HYM Investment Group’s revised plans for the NorthPoint development. The development will transform the largest remaining land parcel in Cambridge into a 5 million square-foot, mixed-use development which will include: offices, retail, apartments, condominiums, access to public transportation, as well as parking.
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 […]
A Boston-based mortgage banking firm has arranged a $10 Million financing of College House, a 46,000-square-foot property constructed in the 19th century. The mixed-use building is conveniently located just outside the Red Line’s Harvard Square entrance at 430 Massachusetts Avenue in Cambridge. On the ground floor, the building is currently occupied by CVS, Sovereign Bank, […]
