0 Big Data Analytics Start-up Moves HQ from SF to Boston

San Francisco vs. Boston.  Not on the playing field, rather at the recruiting table.

Big Data startup Rocana provides ops solutions for IT

Credit: Rocana

The Boston Business Journal recently wrote an editorial on a SF tech start-up that decided to situate its HQ in Boston. In the BBJ article, the CEO, “Trajman, who founded venture-backed Rocana about a year and a half ago, said that while San Francisco innovators are future-thinkers focused on the next big thing, Boston innovators are more focused on solving current issues with high-tech solutions…He said he hopes his company can serve as a role model for future entrepreneurial endeavors considering a Boston headquarters. Trajman joins several other startup founders who have said they’re committed to growing their businesses in Boston instead of in the West Coast.”

You can read the full article on the BBJ, here.

0 MassChallenge Accepts 128 New Startups

boston startup accelerator logoWho are the newest inductees into MassChallenge?  Have a look.

The BBJ remarked on the program’s intrigue, “part of the four-month long no-equity program, startup teams will be granted free office space at MassChallenge’s headquarters in the Seaport and work with expert mentors in the area. Hardware startups will also have access to the MADE@ MassChallenge hardware lab, where they can prototype and manufacture products.”

Jump over to the BizJournals.com website to see the complete list of all 128 startups accepted to the accelerator program.

0 Private Offices or Open Floor Plan?

Is your preference to have a private office or open plan?  Open is the current rage, but this may not rein true over the long haul.  Quiet zones, skype rooms and meeting rooms seem to be taking the place of the private office which leads to more common space and smaller personal space.

Boston open office space with cubicles

Credit: Boston Globe

From the Boston Globe:

Some 80 percent of offices these days are “open,” roughly defined as work spaces that minimize doors in favor of low (or no) partitions, shared desks, and a full-on view of any number of people at once, very often the boss included. There are two reasons for the format’s popularity. The first is the cost of real estate, says Jeffrey Tompkins, a partner at Boston architecture and interior design firm Spagnolo Gisness & Associates. Twenty-five years ago, he says, the standard allotment was 250 square feet per worker. Now it’s 160 to 190. Simple math says you can fit in more employees when you don’t need to work around walls.

The bigger driving factor, however, has been the pervasive idea that open offices encourage collaboration, spark creative conversation, and increase productivity. Since there’s really no such thing as a private conversation in many of these offices, they also serve to symbolize the modern, egalitarian workplace ideal: one big happy family that types together, eats together, and works through personal drama together. “I love the ability to know what’s going on with all the projects around me,” says Faith Marabella, the CEO and president of Wellesley Design Consultants, whose offices transitioned from mostly to fully open a few years back. “I also like the quick interactions that can happen. Everybody can lend a hand when needed and go back to individual tasks when things calm.” The open environment, she says, also lets less experienced staffers listen and learn.

 

0 Boston Tech Companies Present Personality

Does your office look like a maze of cubicles, bench seating or that of today’s tech firms?  See how Carbonite has extended their brand onto their walls and doors at their new location?

A Boston Globe article Welcome to the new world of downtown office spaces. As tech firms have migrated into the staid Financial District and nearby environs during the past five years, they’ve done their best to put their unique stamps on work spaces. Goodbye, wood paneling. Hello, Yoda…Their offices have, essentially, become extensions of their brands — physical manifestations of how they view the world, and how they want the world to view them.

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

 

0 New Boston Design Center Showrooms Open

Boston design center in seaport

Credit: B&T

After completing $13 million in renovations, Jamestown is proud to announce some new tenants in the Design Center.

From Banker & Tradesman:

Jamestown, a real estate investment and development company headquartered in Atlanta, leases the 550,000-square-foot complex in the 1.4-million-square-foot Innovation and Design Building complex from the city of Boston. The complex contains 550,000 square feet dedicated to luxury home furnishing showrooms along with office and innovation space...Jamestown recently completed more than $13 million in interior renovations at the center, the first major physical updates since it opened in 1985. The project included renovations of the lobby, common spaces and seminar room and new finishes and furniture from design center tenants.

0 Boston Tops US in CMBS Loans

745 Boylston Street office building in Boston

Office Building at 745 Boylston Street in Copley Sq.

Boston leads New York, D.C., Chicago and L.A. not only in the bid for the 2024 Olympics, but also for CMBS loans.

The Boston Business Journal is reporting the “percentage of Boston-area commercial mortgage backed security real estate loans with late payments is its lowest in months and is among the best in the country, according to new data from real estate information provider Trepp,,,According to Trepp, 2.84 percent of Boston-area CMBS loans were 30 days delinquent or more as of the end of November. A year ago, the rate was 4.02 percent. The decline has been more or less steady, with slight increases a few months…The Boston-area compares especially well with other major U.S markets.

You can find more information on the BBJ’s website.

 

0 Co-Working Office Space Coalition Opens in Downtown Crossing

co-working coalition in downtown crossing Boston

Credit: Bostinno.Streetwise.co

Coalition is the latest to enter the shared workspace environment, opening in Downtown Crossing at 101 Arch Street.

Coalition opened in Boston’s Downtown Crossing neighborhood in February. “The setting is no doubt part of Coalition’s charm. At 101 Arch St., the 7,060-square-foot office boasts a fantastic view over The Hub and no shortage of restaurants and bars nearby for post-work winding down. (The area has also attracted collaborative working spaces in the area including WeWork, Techstars and even CIC Boston/Space with a Soul.),” according to an article on Bostinno.Streetwise.co. “Coalition aims to differentiate by partnering with MIT Enterprise Forum of Cambridge and other similar organizations to give young entrepreneurs the chance to work with seasoned local professionals. It’s a pretty impressive community, too, with venture capital and private equity investors and veteran entrepreneurs (with two to four founded firms under their belts) alike.”

Follow the link to read the complete Bostinno.Streetwise.co article.

 

0 Co-working Office Space Remains an Active Market: WeWork Valued at $6B

WeWork clearly has identified a market for growth within the co-working office environment. With locations from Israel to Seattle, WeWork is on the move with a mission “to create a world where people work to make a life, not just a living.”

co-working office space in Cambridge at WeWork

Credit: Bisnow

A BisNow article states WeWork is “on the verge of closing a $300M to $600M financing round that could value the shared workspace provider at a whopping $6B. The start-up hit 1.5B in market value last month after securing $150M and suggesting that the next round would kick off in 2015.”

Additional information is provided by Bisnow on it’s website, here.

 

0 Cambridge Innovation Center at 15 Years Old

One Broadway street CIC

Credit: Boston.About.com

Creating a community for innovators to innovate might be one of the most valuable innovations in Boston. Yes, the deals that are brought to market through CIC are what the VC’s are looking for, but without Tom Rowe’s platform — the Cambridge Innovation Center — some of these ideas may have been kept on the shelf and not made it to market.

A Boston Globe article offers some insight on CIC’s direction for the future:

“In April, [founder, Tim Rowe] opened the CIC Boston, a 60,000-square-foot shared office space downtown, and it has been just a few weeks since he opened CIC St. Louis, his first out-of-state venture and the largest startup space that is not on the East or West coast. Rowe was keen to cozy up to the Midwestern city’s startup scene: He saw promise in Washington University’s health care colossus and was tickled when Boeing opened offices in the 120,000-square-foot space — one of its first occupants. Lately, he has been shuttling to and from the Netherlands as he looks to take CIC global.”

Additional details and photos from the CIC’s 15th anniversary, are available on the Globe’s website.

0 Looking for Coworking Office Space in Back Bay?

shared office space in Boston's back bay

Credit: The Metro

Not ready for prime time space, but ready to get out of the garage?  The Back Bay submarket appeals to a wide variety of firms for a number of reasons. Access to transportation, an educated vast work force, and a large concentration of employers in a small area all contribute to this submarket’s popularity among Boston office space users.

In an interview with the Metro, Oficio co-founder and managing partner Nima Yadollahpour notes, “because an entrepreneur needs less to run a business (a laptop and cell phone), it only makes sense to keep their overhead low, and using a shared co-working or office space is the perfect answer to that…It’s economical, efficient and communal.”

Prominent Coworking Office Space in Back Bay Boston:

Oficio
30 Newbury St. 3rd Floor
or
129 Newbury St. 4th Floor

Idea Space
867 Boylston St., 5th Floor

LearnLaunch
31 St James Ave. #920

Unfamiliar with the area? Read our submarket page to learn more about Back Bay Office Space.