Author Archives: Wil Catlin

0 Another Building in Boston’s Financial District Reaches 100% Occupancy

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office space atlantic wharf boston

Photo Credit: Thomas Grillo, Real Estate Editor, Boston Business Journal

Another building in Boston achieves 100 percent occupancy in Boston’s Financial District.

According to the Boston Business Journal, “McKinsey & Co, a global consulting firm, is taking 35,000 square feet on 1 1/2 floors in Boston Properties’ 31-story glass tower..[while] Altisource, a mortgage services company, has also negotiated a deal to take nearly 12,000 square feet in the building.”

The two leases combine to bring occupancy of the Financial District building up to 100 percent.

Read the complete article on the Boston Business Journal’s web site.

Related Office Space Listings:
Boston Commercial Real Estate

0 Millennium Tower Gets Green Light

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Residence and Commercial space at Millennium tower, bostonAfter years of delay and political wrangling the Boston Redevelopment Authority has approved Millennium Partners new towers at the formers Filene’s site.

Read our complete coverage of Millennium Tower Boston on our corporate site, BRAdvisors.com.

Related Real Estate:
Millennium Tower and Luxury Listings

0 Boston Construction Photos: Crane Operators Get Bird’s-Eye View

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Seaport construction views from high up on a crane

Photo Credit: The Boston Herald

With a view from the top, crane operators see it all. During the construction phase of Seaport’s Vertex headquarters the crane operators will have a 360 degree view of Boston that sits above the height of the new building.

Check on the Seaport views via video and photos on The Boston Herald.

0 Boston Commercial Real Estate Sales On the Rise

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offices in east cambridge, maThe market has over $1.2 billion dollars in commercial real estate sales activity that is expected to change hands by the end of the year.  The opportunities include; Financial District Class A office tower, Seaport Class B office portfolio, Lab Space in East Cambridge and many more.

A report in Banker and Tradesmen notes that “several properties around Boston and Cambridge are expected to potentially change hands before the end of the year as brokers and buyers get back to work.”

Click here for the full article.

Related Property Listings:
Commercial Real Estate in Boston
Office Space in Cambridge

0 BofA to Assume former FAO Schwarz Building in Back Bay

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retail space at 440 boylston street, back bay

Photo Credit: Thomas Grillo, Real Estate Editor, Boston Business Journal.

The bear has moved to the entrance of the Floating Hospital for Children, at Tufts Medical Center in Boston.  The silver of Shreve, Crump & Low has found a new address at 39 Newbury Street.  Now, bring on Bank of America at the corner of Berkeley and Boylston Streets.

Thomas Grillo, of the Boston Business Journal, reports that “the bank will occupy about 8,500 square feet on two floors at 440 Boylston St. at the Berkeley Street intersection, one of the most visible locations in the Back Bay, said people familiar with the transaction.

Click here to read the full report on the modifications at 440 Boylston St.

Related Property Listings:
Back Back Commercial Real Estate

0 Back Bay Retail Space, 28 Newbury St., to Hit Market

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28 Newbury Street Retail SpaceBack Bay has another fully leased building coming to market at 28 Newbury Street.

According to The Real Reporter, “the owner of 28 Newbury St. has retained Holliday Fenoglio Fowler to harvest the four-story, 19,050-sf building, according to industry sources, with one estimate suggesting that pricing could approach the $25 million range.”

Follow the link to the The Real Reporter’s article, detailing the history and attributes of the Back Bay property, along with its prime retail space.

Related Commercial Real Estate Listings:
Commercial Office Space in Back Bay

0 Increased Ferry Service From East Boston, South Boston, and Charlestown

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aerial view of south boston office spaceWhat’s the fastest route from East Boston of South Boston and the Seaport?  Not the Big Dig, but rather increased ferry service.

Branker and Tradesman is reporting that “the city of Boston has been awarded $1.28 million in federal grant money to buy two ferries that will travel between East Boston, South Boston and Charlestown. The new service is aimed at meeting the growing need for transportation across Boston Harbor and spurring economic opportunity by creating new transit connections between residents and jobs.”

Read more about the proposed ferries on Banker and Tradesman online.

0 Apple’s Landmark Retail Space on Boylston St. to Get New Owner

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Retail_store_boylston_street_boston_maApple’s flagship Boylston Street store will soon be shopping for a new owner and hoping to capitalize on pricing greater than $1,000 per square foot.

A statement to The Real Reporter stated “the four-story building at 815 Boylston St. is being put up for sale”.

The full report on one of downtown Boston’s favorite retail venues is available via PDF, courtesy of The Real Reporter.

Related Boston Commercial Real Estate:
Retail Listings available in Boston’s Back Bay

0 Back Bay Office Construction Stagnant Despite Low Vacancy Rates

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Helicopter view of commercial properties in Boston's Back Bay.The Back Bay office market seems to be to pushing north of pre-cash pricing and vacancy rates, but there is still concern for construction of spec office buildings.

“Despite a single-digit vacancy rate in Boston’s Back Bay offices, two major developments remain idle, waiting for better market conditions,” a Boston Business Journal report notes.

The editorial on the Boston Business Journal web site, offers specifics on vacancies in the Back Bay real estate market, along with information on the delayed office developments.

Related Commercial Real Estate Listings:
Back Bay Office Space

0 Transition from Private Offices to Open Plans on State Street

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financial district office space, 60 state street, bostonThe migration away from private offices to open plan layouts is in full swing from tech startups to mutual fund companies.  Pioneer Investments at 60 State Street has captured this in their recent renovation of 100,000 square foot renewal.

According to a report from the Boston division of CityBizList.com, “MPA [Margulies Perruzzi Architects] substantially updated the office design and additional support space consisting of five floors at Pioneer’s Boston office located at 60 State Street.”

For more information on the development, read the complete report detailing MPA’s update on the office space at 60 State Street.