0 PayPal Facilitates Startup Incubation at New Financial District Office Space

Posted on November 9, 2012 by Wil Catlin

Office building in Boston's financial district at one internation place

Photo Credit: Wikipedia

Good news for local startups: for a small allotment — space and resources — PayPal is assisting fledgling companies to help grow the community.

According to a report in the Boston Business Journal, “the new Boston office for eBay’s PayPal business will be home to more than just its staff, with plans to provide space for at least five local startups and potentially house a separate business unit for eBay.”

For more on PayPal’s new office space and the startup incubator, jump through to the BBJ’s article, here.

Related Commercial Real Estate
Financial District Office Space for Lease

0 Puma, Inc. Signs Lease at One Congress Street

Posted on November 9, 2012 by Wil Catlin

The Financial District continues to attract large tenants due to its value pricing compared to neighboring submarkets. As of November 8th, 2012, only 21 buildings in the Financial District have 50,000 square feet or more of contiguous space available.

Apparel company, Puma, Inc., recently signed a 60,000-square-foot lease at One Congress Street, adding another established brand to Boston’s Financial District.

0 441 Stuart Street to Undergo Renovation

Posted on November 1, 2012 by Wil Catlin

441 Stuart St. Office building in Boston's Back Bay

Photo Credit: The Boston Business Journal

185 Dartmouth Street will be a welcome addition to the Back Bay office market. This building, formerly referred to as 441 Stuart Street, has been dark for years and with Synergy’s reinvestment into the asset, the Class B office tenant will now have more choices.

A report in the Boston Business Journal notes, “the 11-story facility houses a 40,000-square-foot health club and more than 12,000 square feet of ground floor retail. Synergy bought the building with gutted space on floors four through 11. The Boston-based company is restoring the 13,000-square-foot floor plates on each of those floors and have completed one floor as a showroom for brokers and potential new tenants.”

Follow the link to read the BBJ’s report on Synergy Investments’ renovation of 441 Stuart Street.

0 Hotel Proposed for Back Bay, across from Hancock Tower Office Building

Posted on November 1, 2012 by Wil Catlin

Rendering of proposed hotel at 40 Trinity Place in Boston's Copley Square

Photo Credit: Boston.com

There are changes in store for the Back Bay skyline. The project will include a 220-room hotel with meeting spaces, 142 residences, parking, and several restaurants.

“A rendering of the proposed building, to be called 40 Trinity Place, shows a slender glass tower with an angular top. The developers still need approval from the Boston Redevelopment Authority, but said they hope to start construction by next fall.”

More information on the proposed hotel is available on Boston.com’s Business Updates.

Alternatively, click through for a printable overview of the offices at John Hancock Tower.

0 Boston Startup School Moves to the Financial District

Posted on November 1, 2012 by Wil Catlin

The migration of tenants into the city continues with Communispace moving from Allston to the waterfront area of the Financial District.

According to the Boston Business Journal, “the new location for the Startup School, at 290 Congress St., is ideally situated near a large number of fast-growing tech firms.”

More information on the Boston Startup School, including its mission, programs, and new address, is available at the Boston Business Journal.

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Boston Waterfront and Financial District Office Space

0 Bike Sharing Company Zagster Moves to Kendall Square

Posted on October 29, 2012 by Wil Catlin

Photo Credit: MIT.edu

Zagster is calling Kendall Square its new home after vacating Philadelphia. Zagster is one of the nation’s oldest bike sharing companies whose goal is to ensure shared or rentable bikes are easily and cost-effectively made available to businesses, universities, and property-management companies that desire to embrace the numerous benefits of biking.

The Harvard Crimson explains the impact of the former Philadelphia-based company’s move to the Cambridge neighborhood, noting, “with [its] new offices less than a mile from the pioneering car sharing company Zipcar, Zagster’s arrival earlier this year has continued to develop Cambridge as a center of sustainable urban living.”

Jump over The Crimson to view its full article.

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Available Kendall Square Office Space for Lease

0 Boston a Leader in the Office Recovery

Posted on October 26, 2012 by Wil Catlin

Boston continues to be a leader in the office recovery through absorption and new construction.

CoStar Group reported this week that “demand for office space in the U.S. held steady in the third quarter as leasing activity and absorption of available office space continued to pick up momentum following a lackluster start at the beginning of 2012.”

The complete article is available on the CoStar Group’s website.

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Boston Commercial Real Estate for Lease

0 Office Space in Kendall Square Pricing Out Start-ups

Posted on October 26, 2012 by Wil Catlin

Question, where do you put your office for your newly venture backed technology company? Well, it might not be Kendall Square. The Financial District of Boston has vacancy rates below 15 percent with prices in the Class B buildings around $30 per square foot.

The Boston Globe offers some perspective on this transformation, noting that “gentrification has made Kendall too expensive or too popular for the many, smaller, younger tech businesses that gave the area such cachet.”

Related Commercial Real Estate Availability
Kendall Square Office Space
Office Space for lease in Boston’s Financial District

0 Seaport District Becoming a Cultural Destination

Posted on October 24, 2012 by Wil Catlin

The Seaport section of Boston is experiencing explosive growth in office space and residential developments, but along with that come a neighborhood. The influx of new restaurants with award winning chefs creates a new destination location for good eats.

The Boston Globe forecasts the area’s continued transformation, “in the next few months, another wave of restaurants and entertainment options is scheduled to open in the Seaport District, seemingly racing the developers who are rushing to fill in the area’s empty lots with office buildings and residential towers.”

To read the complete Globe report, hope over to their coverage of the Seaport’s ‘restaurant invasion’.

For more information on the Seaport’s commercial real estate environment and related property listings, view our Boston Seaport submarket page.

0 Boston Set for Commercial Real Estate Recovery in 2013

Posted on October 24, 2012 by Wil Catlin

Boston’s commercial real estate market will see office lease rates soar in 2013, and is one of 10 cities expected to experience significant growth. The growth is attributed to areas of high-technology and biomedical research & development, which attract highly-educated workforces.

Thomas Grillo, Real Estate Editor at the Boston Business Journal, noted that “Boston made the list of Top 10 U.S. cities where the commercial real estate recovery will soar next year with gains in leasing, rents and pricing across all property sectors”, citing an Urban Land Institute’s Emerging Trends in Real Estate Forecast.

More information on the Urban Land Institute’s forecast is available on the Boston Business Journal’s Real Estate section.