0 Office Prices in Downtown Crossing Continue to Grow

Posted on July 1, 2016 by Wil Catlin

Credit: Banker and Tradesman

Office trades in the Class A and B segments continue northward with the latest on West Street in Downtown Crossing for $16M.

From Banker&Tradesman:

There’s “another category where they [real estate investors] see potential for price appreciation: class B office buildings…The latest example: 33-41 West St. in Downtown Crossing, a fully-leased leased office building recently acquired by a New York developer for $16 million.

At $472 per foot, it’s one of the highest prices paid for a property in the category, said Robert Tito, a principal with NAI Hunneman in Boston…Built in 1899, the 38,000-square-foot structure was last acquired in 2008 by SMC Management of Watertown for $7.2 million.”

0 Bike Markers to Line Needham Streets

Posted on July 28, 2014 by Wil Catlin

Credit: Urban Turf

The Town of Needham plans to add bike markers to the shoulder of Greendale Avenue and Kendrick Street, two of the major roads connecting Needham to Newton. In addition, the Town is updating their plans to add Bike paths to the Highland Avenue/Needham Street corridor, ultimately making biking safer for those employees commuting to work via bicycle. Needham and Newton office buildings along the corridor will soon be able to offer their Tenants amenities such as heated bike storage units and bike paths.