By Jack Rogers The wide bid-ask gap during the first half of 2023—as CRE transaction volumes plunged in the steepest cliff dive since the Great Recession—appears to have narrowed in the third quarter. According to Steve Jacobs, CEO of online auction leader Ten-X, the “flex”—the difference between a seller’s initial asking price and a price […]
By Macie Parker After four years of construction and nearly a decade of planning, the new John A. Volpe National Transportation Systems Center has opened in Kendall Square, part of $750 million deal between MIT and the federal government to redevelop a 14-acre parcel that was once a NASA electronic research center. The new transportation center is […]
By Rowan Walrath Massachusetts’ life sciences industry grew by more than 7,000 jobs last year, outpacing competitor states even as the so-called “Covid boom” began to wane. That’s according to the latest “Industry Snapshot” report put out by the Massachusetts Biotechnology Council, the trade group better known as MassBio, which examines trends in workforce, real estate, […]
By: Gary Kerr The Commercial Triangle district in Everett, Massachusetts, provides a case study in putting a strategic vision into action. Municipal leaders are continually seeking to improve their communities by bringing in private-sector investment, which catalyzes growth and opportunity. But how can a municipality attract the right kind of investment? Welcome to Everett Located just […]
By Erik Sherman Green Street last month reported that overall smaller sales in various markets were showing greater strength than larger ones. They’ve lost sales volume, but at a much smaller rate than larger properties. Multifamily was one of the two stars of the pandemic in sales, values, and increasing rents. (Industrial was the other.) But how […]
By Bendix Anderson Apartment developers are finding ways to pay for new construction projects–without using loans from traditional banks. For years, multifamily developers have relied on large, short-term loans from banks to finance the construction of new apartment buildings. But rising interest rates and a string of banks failures—most prominently Silicon Valley Bank, Signature Bank […]
By: Nick Pipitone In 2018, an office lease in Washington, D.C. was brokered by JLL. The deal was rather unextraordinary. It was the type of deal that may have garnered a few headlines here and there, ending up in weekly transaction columns, but nothing that would draw any special interest. But, four years later, what […]
Woburn, MA, July 28, 2023 – Stephanie Deering, Vice President of ABG Commercial, Bernard Gibbons, Senior Vice President, and Dave Killen, experienced real estate advisor, are proud to announce the sale of a 1.26-acre prime site in Woburn, Massachusetts. This acquisition, valued at $2.55 million, marks a significant step towards the development of an early education […]
But as venture outlays fall, a recent spurt of layoffs has clouded outlook By Robert Weisman Globe Staff Massachusetts continued to expand its biopharma workforce in research labs and manufacturing plantslast year even as venture capital investment dwindled and fewer biotech companies went public. Overall employment in the sector — a bellwether of the state’s […]
By Grant Welker – Projects Reporter, Boston Business Journal It’s called a museum, and although it may not meet the traditional idea of what makes for a museum, it certainly treats its subject as worthy of the name: The Museum of Ice Cream is coming to the Seaport. The chain has signed a lease for 12,300 square […]
