Category Archives: Commercial Real Estate Boston

0 188 High Street may become Niche Hotel

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188 High Street Boston

Credit: Boston Herald

Today it offers parking for three cars wide, tomorrow it could offer two twin beds or a queen.  The is the parcel know as 188 High Street which will be under review for a new 15 story glass façade hotel.

According to the Boston Herald, “a 60-room hotel is being proposed for a narrow paved lot on Boston’s High Street, across from the towering International Place in the Financial District…Developer Ronald Luccio Jr. plans to build an estimated $6 million, 15-story, glass-faced building for the moderately priced, limited-amenities hotel, where rooms would be small.”

The full article is up on the Boston Herald website.

0 Boston Co-working Spaces Offer Quality, Affordability, and Location to Hub Start-ups

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Workers share ideas and brainstorm in shared space

Credit: The Boston Globe

The greater Boston area is a mecca for new and innovative ideas that blossom into companies. As decision makers face the multitude of choices from hosting platforms to new staff members, one decision is the culture they would like to offer. Co-working sits at the forefront of that decision.

Some companies with limited staff and resources, cherish the opportunity to be a part of a larger culture, and co-working is the right fit, while other companies prefer to create their own. Something to think about as you head from the basement to the boardroom with your new idea.

Boston.com has taken the time to explore some of the top Boston co-working spaces.

 

0 Staples to Open Flagship Store in Boston Financial District

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Staples location at One Washington Mall in Boston

Photo Credit: Boston Business Journal

Staples will have a new “Easy Button” location in the Financial District!  One Washington Mall will be the location for a new 17,500 square foot store.

The Boston Business Journal reports, “the Framingham-based office supply company has signed a lease for 17,500 square feet at One Washington Mall in the former Newbury Comics space, as well as a portion of the second floor.”

The full BBJ article can be found here: Stapes to Open New Flagship Location

Related Commercial Property Listings
Financial District Office Space

0 ‘Life is Good’ Moving from Back Bay to Fort Point

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Office building in fort point bostonLife really is good in the Fort Point and Seaport District! The influx of amenities and direct access to transportation had led the area to become a destination location for many office tenants. Vacancy rates have decreased and rents have risen, but employers along with employees love the vibrant atmosphere the area has to offer.

An editorial on the Boston Business Journal covering the relocation of the apparel company, Life is good, notes that the company is “taking 22,000 square feet in a renovated industrial building at 51 Melcher St. – space for about 70 workers.”

The BBJ coverage also expands upon the company’s expectations of Fort Point neighborhood.

0 131 Clarendon Street Renovation Complete

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131 Clarendon St. Boston

Photo Credit: Banker & Tradesman

Brookline Bank’s newest location at 131 Clarendon Street is open for business. The building is now 100 percent leased in an office market with near record low vacancies.

Additional details on the Back Bay restoration project can be found in Banker & Tradesman’s complete coverage.

Related Commercial Real Estate Listings
Back Bay Office Space

0 11 Beacon Street, Class B Office Space in Boston Trading Hands

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Office building at 11 Beacon Street in Boston, MAAnother Class B Financial District assets is said to trade hands; 11 Beacon is reported to go the Synergy Investments. The Class B market continues to see trades along with increasing rents; currently B product is pricing in the upper $20’s too low to mid $30’s depending on location and improvement package. According to CoStar the vacancy rate for Class B in the Financial District is 11.9 percent as of 12/31/12.

This pdf created by TheRealReporter.com offers details on the Class B office transactions.

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 Commercial Buildings in Boston Harbor Face Height Limits

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boston waterfront office space building at nightHow high will Boston rise above the waterfront?  That is the question for soon to be hired $300,000 consultant by The Boston Redevelopment Authority.

Reporting on the development study, The Boston Herald cautioned that “downtown waterfront property owners face a wave of scrutiny as Hub planners launch a lengthy study that will influence their development ambitions and outline potential public benefits.”

For additional details on the study, read the full report on The Boston Herald.

Related Property Listings
Office Space in Boston’s Waterfront District

Boston Commercial Real Estate

 

0 Condo Development Slated For Fan Pier

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Condos_developed_on_boston_waterfront_fan_pierThe Seaport continues its strong construction growth by introducing new condominiums. Vertex’s two new office buildings will come online by the end of 2013, bringing the need of more amenities to the ever-expanding workforce.

According to an article in The Boston Globe online, the “developer of the massive Fan Pier complex in Boston’s Seaport District is planning to build one of the city’s first new condominium buildings since 2009, a sign of an improving housing market and the success of the burgeoning waterfront.”

The Boston Globe’s complete article expands on the project and the rebounding waterfront area.

0 Boston Foundation Secures Back Bay Office Space

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The Boston Foundation Assumes Back Bay Office SpaceAnother Back Bay building achieves 100 percent occupancy.  420 Boylston Street executed a lease with The Boston Foundation for 8,412 square feet, bringing the current Back Bay vacancy rate to 4.5 percent.  This is broken down by 3.9 percent direct and .7 percent sublets.

According to Thomas Grillo, a Real Estate Editor at The Boston Business Journal, “The Boston Foundation has signed a lease for 8,412 square feet of office space at The Berkeley at 420 Boylston St. in Boston’s Back Bay.”

For the complete report, click through to the Boston Business Journal’s web site.