0 Sky Bridge Offers Function, Visual Intrigue to Offices on Stuart Street, Back Bay

Posted on September 9, 2012 by Wil Catlin

Credit: Boston Curbed

Back Bay has a new bridge. The sky bridge over Stuart Street is a phase of construction connecting Liberty’s new headquarters on 157 Berkeley Street with their existing offices at 30 St. James Street.

According to a Boston Curbed report, the bridge will connect “the new Liberty Mutual headquarters going up at 157 Berkeley Street with one of the company’s existing offices at 30 St. James Street. Construction on the second-story sky bridge over Stuart Street is expected to start early next month.”

For more information, jump over to the Boston Curbed web site for the complete report.

Related Property Links
Available Office Space in Boston’s Back Bay

Commercial Real Estate Listings in Boston

0 One Beacon Street Goes On The Market

Posted on September 6, 2012 by Wil Catlin

Another Class A Financial District tower comes to market. As Class A rents continue to march up it is still a great market to be a tenant with vacancy rates hovering around 15 percent.

“Jim Cronin of Banker & Tradesman reported that “Beacon Capital Partners is trying to unload its One Beacon Street property, and [the publication’s] sources say the expected price will be in the neighborhood of $450 million.”

Jump over to Bank and Tradesman’s coverage for more information

0 Growing Demand for Boston and Cambridge Office Markets

Posted on August 31, 2012 by Wil Catlin

The Boston Office market continues to push rents up as the vacancy rates drops.

A recent office market overview by Newmark Grubb Knight Frank noted, “the paradigm is shifting in many submarkets from a tenant-favored market to a landlord-favored market.”

Read the complete report at Banker & Tradesman.

0 Silicon Valley Investor Set to Develop in Boston, Cambridge

Posted on August 29, 2012 by Wil Catlin

The Seaport continues its reach with DivcoWest’s investment of $105 million for four buildings off Congress Street. Market vacancy is less than 5 percent while rents have just reached the $40 PSF mark.

Casey Ross, of The Boston Globe reports, “DivcoWest made its name in Silicon Valley, buying and developing properties that house some of the nation’s most prominent technology firms, including Apple Inc. and cellphone maker Motorola…Now it is trying to replicate that tech success in the Boston area by snapping up properties in the Seaport District and East Cambridge.”

Jump over to The Boston Globe to read the complete story.

0 Tax Break Approved for State Street

Posted on July 23, 2012 by Wil Catlin

State Street is on the move, and the Seaport continue to evolve.

The Boston Business Journal is reporting “the Boston Redevelopment Authority has put its stamp of approval on a $11.5 million tax break for State Street Corp., tied to the construction of a new office building in South Boston.”

To read more on the Seaport and State Street migration, click here.

0 Financial District Vacancy Drops to 14.8%

Posted on July 13, 2012 by Wil Catlin

Vacancy in the Financial District dropped to 14.8 percent with rents up 1.25 percent to just over $45.60, while Back Bay is just over $55.25 and the Seaport District is $51.00.

Banker & Tradesman states, “the Greater Boston office market enjoyed a strong second quarter, according to a new quarterly research publication released this morning by Richards Barry Joyce & Partners LLC (RBJ&P).”

To read the complete article, click through to Banker & Tradesman.