0 Mobile App, Hailo, Dispatches Taxis in Boston

Posted on February 5, 2013 by Wil Catlin

Screenshot of a taxi dispatch app that operates in Boston, along with other cities across the US

Photo Credit: Hailo

Days of having your administrative assistant scheduling a car service to take you to the airport at 10:00 AM are perhaps a thing of the past. Your meeting is running long, you need to text your admin and have her contact the limo service to have the car wait. She texts you back, “OK”. You reply, “thanks”. Well, now simply reply on technology to work for you.

Hailo and a series of other apps are designed to deliver a taxi whenever you want wherever you are with two taps.

The Boston Globe wrote a detailed editorial on the Hailo’s expansion plans, following the closing of an investment round of $30.6 million.

0 Boston Commercial Real Estate Market Starts 2013 Strong

Posted on February 5, 2013 by Wil Catlin

The office market is strong within greater Boston and hasn’t this active with positive rent growth and absorption since 2007. This is due to a couple of components; flight to quality, migration to Boston from suburban markets, new companies entering the market and companies within Boston expanding.

The Boston Business Journal notes, the strength of the market; “greater Boston’s office market achieved more than 2.8 million square feet of positive absorption last year, the strongest showing since 2007”

Specific areas of growth in the Boston office market are detailed on the Boston Business Journal’s article, here. Alternatively, follow the link to preview available office space for lease in Boston.

0 133 Federal Street To House 11,000 RSF CrossFit Facility

Posted on February 5, 2013 by Wil Catlin

133 Federal Street is home to a new 11,000 RSF facility that was formerly FitCorp. CrossFit is not your gym experience from the past; the high intensity workouts have gone mainstream and become one of the hottest trends for those looking for more than simply picking things up and putting them down.

An article on the Boston Business Journal explains two central elements underlying the CrossFit craze, “first, it’s a deliberately decentralized business operation, giving gym owners wide latitude to set fees, lease space, purchase equipment and design programs….second, there is no prescribed exercise program, but rather a steady mix of drills intended to forge ‘elite fitness’.”

0 11 Beacon St. Sells for $35M

Posted on February 2, 2013 by Wil Catlin

Photo Credit: Boston Business Journal

The Class B office sale market continues to move in 2013 with the recent closing of 11 Beacon by Synergy Investments for $35M. The acquisition offers the market an expanded footprint by a landlord with a proven track record to get deals done.

Market rents in the Class B market are ranging from the upper $20’s – low to mid $30’s PSF within the Financial District.

According to an article on the Boston Business Journal, “the 93-year-old building was put on the market last fall by DivcoWest Properties, a privately-owned real estate investment firm with offices in Boston, who paid $16 million for the property in 2010. Divco said it spent $4.9 million in capital improvements. The city has assessed the 12-story building at $20.8 million.

For more details on the sale of 11 Beacon Street, follow the link to the Boston Business Journal’s coverage.

0 40 Broad St. for Sale

Posted on February 2, 2013 by Wil Catlin

Photo Credit: Boston Business Journal via Jones Lang LaSalle

The Class B market continues to see assets brought to the sales market. 40 Broad Street, is the latest; it last traded in 2006 for $174.84 PSF and we will see how the market receives it today.

According to a report by Thomas Grillo on the BBJ, “Pearlmark bought the building from Prudential Real Estate Investors in 2006 for $50 million. Brokers say the sale could fetch twice that.”

Details on the property are available on the Boston Business Journal.