0 Boston Cares Relocating to 90 Canal St.

Posted on March 26, 2015 by Wil Catlin

90 Canal Street

Bonny Doorakian, Robert LeClair and Wil Catlin of Boston Realty Advisors represented the landlord, 90 Canal Street, LLC in the leasing of 3,019 square feet to Boston Cares.

From Banker&Tradesman:

“Boston Cares, New England’s largest volunteer nonprofit agency, has signed a lease for 5,043 square feet at 90 Canal St. and will relocate its headquarters in April from 190 High St. in Boston’s Financial District…The long-term lease represents a 3,019-square-foot expansion for the organization, which mobilizes more than 25,000 volunteers in support of 165 nonprofit, school and public programs.”

0 Prudential Center Expanding Retail Space in Back Bay

Posted on March 26, 2015 by Wil Catlin

Credit: Wikipedia

Retail is growing in Back Bay with the help of Boston Properties. 16,343 square feet of new retail is coming to the already 500,00 square feet plus.

From the BBJ:

“Boston Properties is adding space for up to three new retailers at the Prudential Center, the 502,813-square-foot retail complex in Boston’s Back Bay neighborhood…Shawmut Design and Construction has been issued a $9.2 million building permit to build the core and shell of 16,343 square feet of space along the center’s Boylston Arcade off 800 Boylston St.”

0 Fort Point Lease Secured by LogMeIn

Posted on March 26, 2015 by Wil Catlin

Credit: WikiMedia

Looking to neighbor up with LogMeIn? Score the space on Summer Street between A Street and the Convention Center.

B&T repots, “remote computing company LogMeIn has finalized a 117,000-square-foot lease for 327-335 Summer St. in Boston’s Fort Point beginning Nov. 1…The lease runs 12.5 years with two five-year extension options, according to filings with the Suffolk County Registry of Deeds.”

You can read the article on the Banker&Tradesman website

0 TechHub Poised to Open Davis Square Location

Posted on March 26, 2015 by Wil Catlin

From Bangalore to Davis Square – TechHub is the latest shared workspace host to enter the Boston Market. Vying to be different they are putting their stakes in the ground in 7,500 square feet in Davis Square, Somerville.

From BetaBoston:

TechHub, which operates a network of co-working spaces in India, Romania, Latvia, and the United Kingdom, plans to open in Somerville this month. And much like a card that will give you access to frequent flier lounges, a TechHub membership will let you work in any of the locations as you jet around the globe.

“We hope we can be a catalyst for even more activity in the Boston area.” [TechHub co-founder and CEO Elizabeth] Varley says that “we really focus on the community side of things,” putting on events that introduce investors and established companies to entrepreneurs, for instance. Locally, the group has put on five demo nights, most recently last week, to promote TechHub to Bostonians.

0 Who’s Going to Fund the Northern Avenue Bridge Renovations?

Posted on March 26, 2015 by Wil Catlin

South Boston, Seaport Northern ave bridge

Credit: Banker&Tradesman

Should the bridge be used by developers or not? Well, they might not actually cross it, but fund the renovations for it. Why you ask, zoning relief.

From Banker&Tradesman:

An advisory group of stakeholders – ranging from walking and bicycling advocates to preservationists and Seaport businesses – has discussed a public-private partnership as a funding source, said member Greg Galer, executive director of the Boston Preservation Alliance…The group has been meeting since December and will submit a recommendation to Walsh as soon as next month.

“There’s benefits to the development community from this bridge,” Galer said. “You see all of the complaints from their employees who work over the bridge, and the neighborhood constituents such as the Barking Crab (restaurant) and Hook Lobster properties.”

0 Boston Ranks Among Top 10 Most-Innovative Cities

Posted on March 26, 2015 by Wil Catlin

Boston is No. 1 among our peers for innovation. Let us help bring your ideas to life.

The BBJ looked into the details of a NerdWallet study, noting “Boston didn’t score as well around patents per capita, receiving 4.83 patents per 1,000 residents over a four-year span; San Jose scored highest with 27.39 patents per capita. But Boston did score well when it comes to venture capital per capita, raking in $948.58 per capita — right below Boulder, Colorado ($963.75) and San Jose ($3,585.68).”

You can read the full article on the BBJ.

0 75-105 Federal St. in Boston’s Financial District Under Agreement

Posted on March 26, 2015 by Wil Catlin

Financial District office space federal street

Credit: Banker&Tradesman

Another trade is scheduled to take place, 75 – 105 Federal Street in Boston’s Financial District.

According to Banker&Tradesman, “the L-shaped office tower overlooks the city-owned Winthrop Square garage, which could be redeveloped into a massive mixed-use project…Developer Steve Belkin has floated plans for a 740-foot tower on the garage site at 115 Federal St. The project would cost approximately $900 million and contain offices, a 300-room hotel, retail space and possibly condos on the upper floors.”

You can read the full article on B&T, here.

0 Boston Office Rents Among Country’s Most Expensive

Posted on March 11, 2015 by Wil Catlin

Boston Rents continue its upward push with four office markets leading that charge: Back Bay, East Cambridge, Financial District and Seaport. The Class A market within Back Bay is clearly leading the way, while some value still exists within the Class B market. A real driver in the increased rents is the cost of tenant improvement dollars going from shell space to fix up space. Not uncommon to see those numbers north of $75 per square foot.

Credit: Boston Business Journal

According to the BBJ, “the Back Bay’s average rents hovered over $60 last year [while]…Midtown New York commanded about $130 per square foot, and both San Francisco and Washington rents topped $75 per square foot.”

You can read the full article on the Boston Business Journal.

0 Roxbury Retains Suffolk Construction

Posted on March 11, 2015 by Wil Catlin

Suffolk Construction decides to stay put in Roxbury. In a conversation with the Boston Globe, “Suffolk CEO John Fish said his company spent around $600,000 ahead of the planned South Boston move but ultimately reversed course for a variety of operating as well as cultural reasons. ‘We studied the hell out of it,’ Fish told the Globe. ‘At the end of the day, it’s not us. We are a very proud organization, and I think Roxbury is a home we’re very proud of.'”

Suffolk Construction building in Roxbury

Credit: The Boston Globe

You can read the full article on the Boston Globe’s website.

0 Office Tower Planned at 121 Seaport

Posted on March 10, 2015 by Wil Catlin

300 A Street office space in Boston Seaport

One of the next major projects to come out of the ground in the Seaport looks to be from developer Skanska. As office rents continue upward, what tenant will make the migration from E. Cambridge to the Seaport?

From Banker & Tradesman:

“As it finalizes cost estimates for 121 Seaport in Boston, developer Skanska USA is positioning the 425,000-square-foot tower as a rival to Cambridge’s Kendall Square among tech companies looking for build-to-suit sites….Shawn Hurley, executive vice president of Skanska USA Development, said 121 Seaport has a shot at attracting the neighborhood’s next big lab tenant. Vertex Pharmaceuticals was the first major life science company to commit to the South Boston waterfront, moving from Cambridge to a 1.1-million-square-foot headquarters on the Fan Pier in January 2014.”

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