With Banks Pulling Back, Who’s Financing Office Deals?
Behind the scenes of Boston’s troubled office market, landlords and lenders are seeking ways to restructure their existing debt, keep control of properties and avoid foreclosure.
Lab Vacancy Rate Nears 14 Percent
As more life science conversions and new developments were completed without tenants, Greater Boston’s lab vacancy rate rose to 13.7 percent in the first quarter.
Boston Looks to ‘Skyline’ for Help
Changes designed to attract more developers and commercial tenants to downtown Boston and avoid a looming fiscal chasm tied to declining office occupancy are moving closer to the finish line.
Boston Office Rents Drop 10 Percent from Peak
Office vacancies in Boston rose slightly in the first quarter, and a wave of expiring leases in coming months will provide hints at the future direction of the market.
Filling the CRE Tax Gap
As thousands of property owners in Boston seek abatements and researchers forecast a steep decline in property tax collections, Mayor Michelle Wu’s options are limited in finding ways to cushion the fiscal blows
Commercial Lending Starts to Show Signs of Life
Lending conditions for commercial real estate showed the first improvement in seven quarters, according to a CBRE analysis of recent activity, amid signs that borrowing costs have peaked.
Personnel File – No. 359
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
CBRE Hires Joyce Away from Cushman & Wakefield
A fixture in the Boston-area commercial real estate scene who’s worked corporate headquarters deals and helped the Celtics find a new training center is jumping brokerages.
Not Just Downtown Boston: Hybrid Work a Drag on Cambridge, Suburbs
Office vacancies in Cambridge continued to rise in the fourth quarter to nearly 13 percent and tenant demand remains muted in the near term.
Local Lab Sublease Inventory Sets Record
Downsizing in the local life science industry sent ripples through the Greater Boston lab market in 2023, resulting in its worst performance since 2009.
More Slippage for Boston Office Market in Q4
Leasing activity remained in the doldrums at the end of 2023, contributing to another uptick in Boston office vacancies.
Andover Lab Conversion Lands Four Tenants
Four life science companies have inked leases in a lab conversion of Andover Technology Park, including the new U.S. headquarters of a Bill & Melinda Gates Foundation-backed vaccine manufacturer.
Amid CRE Slowdown, Opportunities in Play
2024 promises to be a year of reckoning for many Boston-area commercial property owners as rising vacancies and expiring mortgages threaten their once-lucrative business plans.
Wilmington Warehouse Sells for $49M
A distribution center in Interstate 93 corridor north of Boston has traded hands thanks to a loan from a local bank.
Marlborough Apartments Sold for $74M
DSF Group will rebrand a Marlborough apartment complex following a $74 million acquisition.
Burlington Lab Conversion Attracts Weather Researchers
A Finland-based environmental equipment company will relocate its local offices from Woburn to a lab conversion led by Jumbo Capital in Burlington.
Cost of Debt Weighs on CRE Outlook
After a decade-long expansion, real estate investors and developers are confronting the reality that investment will be more selective in 2024 – perhaps even the most challenging financing climate in over a decade.
Greater Boston Apartment Deliveries Lag U.S.
The current pace of apartment construction in Greater Boston trails all major U.S. markets except for New York City and Los Angeles, while rents rose 3.1 percent in the past year.
Revamped Office Parks Welcome Lab Tenants
The lab and life science market in Greater Boston and across the nation might be cooling off, but there are still some tailwinds benefiting suburban office-to-lab conversions that were set in motion in recent years.
Alexandria Drops Plans for Life Science Campus
Alexandria Real Estate Equities will sell a local development site where it had planned a life science campus because of the softening lab development market, reflecting dampening demand on what was once one of the region’s most desired life science growth clusters.
