Worcester is prepared to give Amazon a $500 million property tax break if the Seattle e-commerce leader agrees to locate its future second headquarters in New England’s second-largest city.
New York Life has occupied its newly built-out offices at 1050 Hingham St. in Rockland.
Longtime renters in the Boston’s Fenway neighborhood have felt the squeeze from rising rents and conversion of apartments into off-campus housing.
Chelmsford isn’t the only Boston suburb struggling to fill vacancies in aging office buildings, but this Merrimack Valley community of 34,000 has been more responsive than most in positioning commercial properties for quick and flexible redevelopment.
Steve Samuels has put his stamp on the Fenway neighborhood as developer of apartments, the Verb Hotel, office space and now the neighborhood’s tallest residential tower, the 30-story Pierce Boston, which has pre-sold 60 percent of its condominiums.
The benefits of this revitalization will extend beyond the brick and mortar for years to come. Our city has shown tremendous leadership in planning for a strong economic future with collaborative initiatives such as Imagine 2030. As building owners and developers, we must challenge ourselves and do our part, in partnership with the city.
Somerville Mayor Joseph Curtatone’s proposal for “Amazon On The Orange Line” is adding a last-minute wrinkle to Greater Boston’s attempts to lure the online commerce giant’s second headquarters.
Life science researchers are gathering in Burlington today to hear about the latest advances in areas such as genome editing, big data and STEM education.
A 159-room boutique hotel is the latest change in the works on South Boston’s Dorchester Avenue, where industrial properties are steadily being redeveloped to take advantage of the neighborhood’s transit connections and proximity to downtown.
Given the high demand for office space in the Greater Boston real estate market – particularly in East Cambridge – we’re very excited about the building’s prospects.
First came the outlet stores and apartments. Then a 107-unit condo tower that’s virtually sold-out five months ahead of completion, with average prices topping $850 per square foot.
It speaks to ownership’s vision and commitment to the asset, and the center’s universal appeal to diverse companies with varying usage needs, from life science and R&D to a more traditional office use. It’s also a testament to the success of Marlborough and the region as an increasing number of companies continue to recognize the value of establishing their operations here.
The owner of Lowell’s CrossPoint towers and a former Waltham postal facility has picked up another suburban commercial property in Totten Pond Office Park.
Plans to build two residential towers above the Massachusetts Turnpike in Back Bay have been scaled back with elimination of a 182-unit apartment tower and reduction in a proposed condo tower from 160 to 108 units.
BioMed Realty Trust faced a daunting assignment filling nearly 350,000 square feet in its three-building Cambridgeport R&D complex once Vertex Corp. decided to move to a build-to-suit headquarters in Boston’s Seaport District.
Alexandria Real Estate Equities owns more than 6 million square feet of life science properties in Greater Boston, or approximately one-third of its national portfolio, but it still has room to grow. The Pasadena, California REIT acquired the Metropolitan Pipe & Supply Co. property in Cambridge’s Kendall Square this spring for $80.25 million and is drawing up plans for the life science mecca’s latest major lab complex. Alexandria also is testing the suburban market’s demand for additional life science space, as it converts two floors of office space to labs at 266-275 Second Ave. in Waltham after acquiring the property in July for $70.7 million. Tom Andrews leads the company’s Greater Boston operations including development of the 2.6-million-square-foot Alexandria Center at Kendall Square campus.
1560 Trapelo offers state‐of‐the‐art interiors for a modern plug and play opportunity for companies seeking an `urban feel with suburban appeal’ workplace solution. The combination of its cutting‐edge and sustainable design combined with first‐class amenity‐rich surroundings and superior location position 1560 Trapelo as a hot property in a key location.
Efforts to fill vacancies in Boston’s 1.1-million-square-foot 53 State St. office tower following law firm Goodwin Procter’s departure continue, with four new tenants signing leases for over 103,000 square feet.
The new owner’s vision for the former Boston Flower Exchange property at 540 Albany St. includes 1.6 million square feet of office and lab space – and no housing.
Two more Boston parking garages are under new ownership with purchasers paying $284.2 million to acquire sites in the thick of the city’s ever-growing list of development hotspots.