By Phil Mobley, Chad Littell That asking office rents have actually risen in an era of historically high vacancy rates presents something of a conundrum to commercial real estate observers. Several factors help explain this phenomenon, but the rapid rise in consumer prices that peaked in 2022 is an important piece of interpretive context. After a slight […]
There’s a new top reason why employees wish to return to the office: to focus on work. That was a somewhat surprising result from Gensler’s new 2022 U.S. Workplace Survey released this week, according to Janet Pogue McLaurin, global director workplace research, principal at Gensler. Gensler had conducted 11 surveys since the pandemic “and this […]
By Claire Ballentine and Natalie Wong September 6, 2022 at 12:25 PM EDTUpdated onSeptember 6, 2022 at 4:03 PM EDT It was standing room only for commuters on the New York-bound train leaving Summit, New Jersey, at 5:38 a.m. Tuesday. Traffic on the Long Island Expressway was at a crawl as rain poured down, while […]
A new ownership group is revising plans for a commercial development on the outskirts of Somerville’s Union Square, dropping a 330-room hotel while retaining a pair of office-lab towers. Capital Hall Partners, Spaulding & Slye Investments and Union Square master developer US2 are partnering on the 980,000-square-foot Gateway Innovation Center project at 200 McGrath Highway, […]
JLL has arranged a $230-million construction loan for the development of 15 McGrath Highway, a speculative life sciences development totaling 262,000 square feet in Somerville, MA. Brett Paulsrud, Henry Schaffer and Mike Shepard of JLL represented DLJ Real Estate Capital Partners, Leggat McCall Properties and Deutsche Finance America to secure the non-recourse construction loan with Oxford Properties Group. “Greater Boston continues […]
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. […]
by Lauren Shanesy – via CoStar If there are three words real estate professionals should consider heading into the next year, they are flexibility, convenience and resiliency. Those are the defining themes that came out of the annual Emerging Trends in Real Estate 2022 report, released last week by PwC and the Urban Land Institute. So, […]
by Katherine Bindley and Chip Cutter | via The Wall Street Journal New survey of more than 10,000 knowledge workers found 95% want to set their own hours. Workers, flush with power as employers raise wages and scramble to fill open jobs, say they care even more about flexible schedules than whether or not they go into an […]
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 […]
by Lisa McDuffie | via connectcre.com Boston led the country in office market recovery in October thanks to a high number of tenants in the market and strong leasing activity, according to CBRE’s monthly “Pulse of U.S. Office Demand” report. “The life science industry was once again a strong driver in Boston’s recovery, though we are […]
