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.

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0 Liberty Mutual’s Back Bay Construction: Ranks Among Largest

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Liberty Mutual’ s new Back Bay headquarters ranks third among the 10 largest construction project currently underway.

The new address, known as 157 Berkeley street will look like the follow sketch:
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0 Sky Bridge Offers Function, Visual Intrigue to Offices on Stuart Street, Back Bay

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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 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.

0 One Beacon Street Goes On The Market

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Office Space at One Beacon St. Boston MaAnother 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 Back Bay Continues to Lure Institutional Investors

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christian science plaze on huntington aveThe Back Bay office markets continues to attract strong institutional investors.  Beacon Capital has paid $295.00 PSF for a 99 year ground lease for the tower at Christian Science Plaza.

The Boston Business Journal reports that an affiliate of Boston-based Beacon Capital Partners signed a 99-year ground lease to oversee the iconic tower in Christian Science Plaza.

Further details on the commercial lease are available on the Boston Business Journal’s web site.

0 Growing Demand for Boston and Cambridge Office Markets

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office space at 1 kendall square in cambridge maThe 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 Zipcar Snaps Up Former Thomson Reuters Office Space

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office_space_fortpoint_bostonThe Seaport continues to attract tenants with vacancy just below 5 percent.  Zipcar will be expanding its footprint by taking 45,000 square feet that Thompson will be vacating.

Banker & Tradesman staff writer, Jim Cronin, reports that “Zipcar will likely fill about 45,000 square feet of space that Thomson Reuters is expected to vacate at Thomson Place in Boston’s Fort Point neighborhood in 2014.”

Click through to Banker & Tradesman for the complete report.

0 Silicon Valley Investor Set to Develop in Boston, Cambridge

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boston and cambridge offices house many technology firmsThe 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.