0 Kane’s Donuts Heading to Boston Financial District

Posted on August 21, 2014 by Wil Catlin

Credit: Eater

High Street has seen many changes over the years and rumors are that Kane’s will be the next. High Street runs from Summer Street to the Greenway and consists of some of Boston notable Class A towers like International Place and Tishman’s 125 High Street twin towers and 100 High Street which is under agreement by Oxford Capital. The newest foodie on the street will be a donut shop. I must admit, I have been to Saugus and experienced what Kane’s has to offer and it was worth the trip.

Eater.com describes the delicacy, noting “Kane’s makes a giant variety of donut flavors, including seasonal specialties like egg nog donuts in the winter and pink lemonade donuts in the summer. They also offer some other pastries, bagels, breakfast sandwiches, and hot and iced coffee and teas.”

More information on the newest donut shop heading to Boston’s Financial District, hop over to coverage on Eater.

0 Boston Companies Can Now Lease Extra Space to Startups

Posted on August 15, 2014 by Wil Catlin

Now you have a place to go! PivotDesk has solved the problem for the entrepreneur.

From BetaBoston.com:

“PivotDesk, which lets companies lease out extra office space to other startups, has launched a new offering that lets commercial real estate brokers connect with companies that might be too small for their own space with PivotDesk.”

For more info, jump over to PivotDesk.

0 Tower Considered at Back Bay Station

Posted on June 23, 2014 by Wil Catlin

rendering of proposed tower at Back Bay station

Credit: Boston Globe

The Back Bay skyline could see yet another change on the horizon. Plans state that there would be one high rise and at least one mid-rise tower on the site. The present building was designed by Kallmann McKinnell & Wood and opened in 1987. That building replaced the older station that opened in 1928 for New Haven Railroad.

The Boston Globe reported on the considered remodeling of Back Bay Station, nothing “the owner of the John Hancock Tower in Boston is negotiating with Governor Deval Patrick’s administration to renovate and manage the MBTA’s Back Bay Station in exchange for the right to build a towering complex of residences, stores, and offices… [it would include] a skyscraper and at least one other building above the rehabilitated station, which would get a new retail arcade, ventilation upgrades, and a glass facade along Dartmouth Street.”

The full Globe article is available online, here.

0 App for On-street Parking in Boston

Posted on May 28, 2014 by Wil Catlin

Credit: Boston Business Journal

How would you like to Uber a parking space? App is trying to make it happen. Not too sure the Massachusetts driver would be willing to wait for the next owner of the space to show up and claim it. If I don’t have the App and see the person getting into their car and pull up behind them the old fashioned way can I claim it?

The BBJ described the app as follows:

“Developed by former Harvard Graduate School of Design professor Kostas Terzidis, the app lets drivers with a coveted space name their own price for a space. Then a driver, using the app, can claim the space by clicking it on a map and paying for it within the app using a credit card or bitcoin. The driver seeking the space can anonymously message or call the driver who has the space and let them know they’d like it. They can also watch the driver approach the space on a map within the app, much like users of Uber can watch their ride arrive. The person who has the space would wait until the other driver arrives and then the space swap would take place.”

0 Blackstone’s Boston Commercial Real Estate Portfolio Sells for $2.1B

Posted on May 28, 2014 by Wil Catlin

125 summer street in Boston

Who is your new landlord and should you care? Equity Office, Blackstone, is in the process of selling off assets. The newest to be announced are 100 High Street and 125 Summer Street.

From Banker & Tradesman:

“Private equity giant Blackstone Group will sell five Boston properties to Oxford Properties Group of Toronto for $2.1 billion, the Wall Street Journal reported.
The deal comprises 3.2 million square feet of office space, including 100 High St. and 125 Summer St. in Boston…Oxford will jointly purchase three other properties with J.P. Morgan Chase: 60 State St. and 225 Franklin St. in Boston and One Memorial Drive in Cambridge, the Journal reported.”

Additional details on the sale are available on the B&T website.

0 Burnham Building in Millennium Tower Lands Fashion Retailer

Posted on April 28, 2014 by Wil Catlin

Burnham office Building at the Millennium Towers Complex

Credit: Banker & Tradesman

Another new lease for the Downtown Crossing, this time its retail. Headquartered in Dublin Ireland, www.primark.com was founded in 1969 and today operates 250 store in eight countries.

From Banker & Tradesman: “Fashion retailer Primark has signed a long-term lease for 112,000 square feet at the Burnham Building in the Millennium Tower complex at Boston’s Downtown Crossing…Dublin-based Primark’s first U.S. store will occupy four floors in the eight-story Burnham Building, including 70,000 square feet of retail floor space.

View Listings: Downtown Crossing Office Space

0 Boston Realty Advisors Exclusively Retained to Lease 360 Newbury St. in Back Bay

Posted on April 18, 2014 by Wil Catlin

Back bay commercial space at 360 Newbury St. in Boston

360 Newbury Street

Looking for cool creative office space at the gateway to Boston? Check out 360 Newbury St. in Boston’s Back Bay.

From BostonSF.com:

Boston Realty Advisors (BRA) announced that it has been exclusively retained to lease 360 Newbury Street, offering 40,640 square feet over three levels. In addition to excellent Mass Pike visibility and a unique architectural dynamic – penned by famed architect Frank Gehry — this iconic stalwart of the Boston skyline maintains flexibility for tenants with a variety of square footage requirements. 360 Newbury Street presents an unsurpassed opportunity in the market. Commanding an unrivaled presence in the Back Bay.

360 Newbury Street Property Brochure

360 Newbury Street Floor Plan

0 Boston Emerges as State’s Tech Startup Hub

Posted on April 10, 2014 by Wil Catlin

Has Boston really become the state’s capital for startups? Well yes. This came to be for two primary reasons; public access and cost of real estate. Downtown Crossing, DTX, is serviced by the T’s Red, Green Orange and Blue lines. Combined with the Silver Line and a short walk from South Station it offers employers a great recruiting tool as they vie for new talent.

Economics. Plain and simple. DTX is the last real value play within the Class B market and is what most startups are seeking. Opportunities can still be achieved with in the upper $20’s PSF while most buildings are pricing in the low to mid $30’S PSF.

Click to view or download as a high resolution pdf

The Boston Globe’s niche online business publication, betaboston.com, notes the following:

Last year…Boston accomplished a previously unheard of feat in the tech world by having more venture capital deals than Cambridge — for years the center of gravity of the startup scene in Massachusetts. And a large number of those deals went to companies located outside the Innovation District, in neighboring business zones such as the Financial and Leather districts and Downtown Crossing.

0 Shared Office Space is Here to Stay

Posted on April 10, 2014 by Wil Catlin

Credit: The Boston Globe

Shared office space is here to stay. Think about it like “Just in Time Inventory,” allowing now companies to focus on the company while having all the amenities of much larger corporations. In short, you pay for flexibility, but that combined with some great peer networking is exactly what clients are looking for.

The Boston Globe defined the shared office space ‘trend’ in a recent article:

“a new kind of office is popping up in neighborhoods from Newton to Chelsea to Boston’s Leather District: communal spaces where you can rent a desk or three on a month-to-month basis, and mingle with other businesspeople around the kitchen’s beer tap at the end of the day. (Unlimited brewskis — or cups of coffee — are included in the rent.)”

0 Boston Office Market is on Fire!

Posted on March 13, 2014 by BonnyDoorakian

office space at 109-129 Kingston Street in Boston

WOW! This market is on fire ! I haven’t seen the market this competitive for tenant’s trying to lease office space in years !! The last several commercial office lease deals I have done in Boston have ended up with multiple tenants competing for the same space. My advice to tenants out there is to keep your options open, choose more than one possible option when looking for office space because you never know when you may be out bid. If you find a space you love, just grab it quickly, time is of the essence in today’s market.

Follow the link to view available office space in the downtown area: Boston commercial office space

If you’d like any assistance, have questions, or would like to schedule a showing, please contact Bonny L. Doorakian at bdoorakian@bradvisors.com, or by phone at 617.850.9655 (tel), 617.763.2919 (cell).