Just three months after announcing a new 243,000-square-foot headquarters for 2,000 employees at Cambridge Crossing, Philips North America is reportedly committing to nearly 100,000 square feet more in the speculative development.
Greater Boston’s growing tech economy is acting as a catalyst for commercial real estate investment, with the region topping Silicon Valley and 11 other global markets categorized as “innovators” in a new JLL report.
A 28-acre property including the New England offices of the Army Corps of Engineers has been sold for $11 million to Azad Legacy Partners LLC, a Lexington-based developer.
A real estate fund affiliated with the AFL-CIO has acquired the ground lease on 177 Huntington Ave. in Boston’s Christian Science Plaza for $137.5 million.
Alexandria Real Estate Equities owns 22 million square feet of commercial real estate and has a nearly 8 million-square-foot development pipeline, with a concentration on tech and life science tenants in seven U.S. markets including Greater Boston.
25 Thomson is highly competitive in the Boston market and has been effectively positioned as an ideal place for growing tech-based companies in the city’s hottest neighborhood.
Somerville’s Assembly Row is straining against the limits of its parking capacity as MBTA riders take advantage of 2,100 spaces near the 3-year-old Orange Line station, while shoppers check out 20 new shops and restaurants opening this year. “It was a free-for-all for anyone and everyone coming to Assembly Row, including people jumping on the Orange Line and working in Boston for eight hours,” said David Middleton, Assembly Row’s assistant general manager.
Seattle-based Slalom Inc. will consolidate its Boston office space with a 30,075-square-foot lease at 399 Boylston St.
After raising $150 million in an initial public offering last fall, CarGurus Inc. is poised to expand its office footprint in booming East Cambridge.
Millennium Partners has redesigned its 1.6-million-square-foot Winthrop Square development with a distinctive new facade and a narrow glass walkway connecting two high-rises on the upper floors.
Boston-based Taurus Investment Holdings relocates its headquarters on Wednesday to Two International Place after 20 years at 22 Batterymarch St. in the Financial District.
High-ranking corporate executives in the financial, tech, real estate and health care industries are well-represented in the initial round of buyers at 50 Liberty, the newly opened 120-unit luxury condo tower on Boston’s Fan Pier.
It’s our goal to create a community that our tenants leverage to attract and retain the finest employees in the tech industry. Our current leasing success, at market-leading rents, further validates that we are on the right path for tenants needing 3,000-30,000 square feet.
After nearly 10 years with consultants McKinsey & Co. in London and Boston, Jit Kee Chin joined Suffolk last year as its chief data officer. The California Institute of Technology and MIT grad works with Suffolk’s innovation and strategy teams to get a big-picture view of construction projects.
Business card printers could be working overtime this spring as personnel changes continue to roil Boston’s commercial real estate brokerages. In the wake of the mass exodus of 48 former Transwestern brokers to CBRE/New England in February, rivals are lining up to recruit top producers and bolster leasing and sales teams.
Boston Properties, the developer of such high-profile projects as The Hub on Causeway and the planned 1.4-million-square-foot Back Bay/South End Gateway, awarded executives with bigger bonuses after a busy development year in Greater Boston and beyond.
An apartment complex at 165-181 Cambridgepark Drive has been sold for $127.5 million.
The economic development arm of a state-owned Chinese developer plans to open a 66,209-square-foot innovation center at 1000 Massachusetts Ave. in Cambridge this summer.
Leases by Aileron Therapeutics and Kala Pharmaceuticals completed the lease-up of Boylston Properties’ LINX Watertown office and lab complex at 490 Arsenal Way.
Nightclub owner Ed Kane’s Big Night Entertainment Group has signed onto the Wynn Boston Harbor casino complex with plans for a 15,235-square-foot venue.