0 Greater Boston Commute Time vs Price per Square Foot

Posted on December 10, 2015 by Wil Catlin

Commute times on public transportation versus diving can vary greatly if you depart at the exact time into Boston. Commuters that depart early regardless of public or private can reduce their commuting time. I live west of Boston and ride in on the Pike, if I hit the Weston tolls by 6:05 AM my ride door to door is 26 minutes. If I hit the tolls by 8:15 I can plan on an hour +/-.

Credit: NeighborhoodX

According to a Boston.com article, “Constantine Valhouli, the cofounder of NeighborhoodX, a neighborhood-specific reporting and data startup, compiled the commuting information by measuring the time it takes to get from each town to North Station. He found each of the commute times via a Google query between 8:00 a.m. and 9:00 a.m. and used the longest of the available transportation options, to get a more conservative estimate. Hoping to understand the relationship between location and price, Valhouli found there are places in Boston that often get overlooked…Some places he mentioned were Chelsea, which held the second fastest commute time to North Station behind the North End, at 14 minutes, Quincy at 21 minutes, and Revere at 26 minutes. was built between 1802 and 1804 and was designed by Boston’s famous architect, Charles Bulfinch. It is now called St. Stephen’s Church.”

You can read the full article on Boston.com.

0 Two Office Buildings in Newton and Watertown Net $16.9M from KS Partners

Posted on October 28, 2015 by Wil Catlin

Credit: The Real Reporter

KS Partners continues to expand its portfolio inside 128 with the acquisitions of buildings in Newton and Watertown. Boston Realty Advisors’ suburban team of Adam Meixner, Jeremy Freid, Doug Adamian and Tyler Griffin is looking forward to working with KS Partners on filling the remaining vacancies. The team is expecting to see quite a few tenants being priced out of the Kendall Square submarket in Cambridge and looking for more affordable options just west in Watertown and Newton.

From The Real Reporter:

“What we see happening there is very dramatic,” says [Davis Cos. CEO] Jonathan Davis. “Watertown in general and the Arsenal Street area in particular have been an underappreciated sweet spot for a very long time that is going to only get better in the next five to 10 years . . . It really feels like this wave of activity is here to stay; this is not a temporary trend.”

Real Reporter first announced Davis Cos. had both 101 Walnut St. and two Waltham buildings under agreement in August, the latter purchase a separate pact negotiated by HFF involving 303,000 sf at 1025 and 1075 Main St. which were acquired from Gramercy Capital for $52.5 million. Davis calculates the former Baybanks headquarters now occupied by Bank of America was purchased for half its replacement cost and has badly needed space available in one of suburban Boston’s top business addresses while being close to the city center that has an expanding menu of LWP elements plus a commuter rail connecting to Boston. “We’ve got a quality property with good cash flow and 80,000 square feet to lease in a strong market, so we are very excited by this purchase,” says Davis.

0 Suburban Office Space Outside of Boston Draws Interest

Posted on January 8, 2015 by Wil Catlin

Office building in Boston suburbs

Moving out to the burbs, who would have thought? With innovation and technology booming in the greater Boston area, Boston proper is running out of space. With arms wide open, the suburban market place is gearing up and ready to accommodate.

Posh areas have revitalized their sleepy town centers and have agreed that designating suburban land for commercial space must be done in order to utilize the real estate properly. There is a need for housing, there is a need for social adventure, and there is s definite need for space!

Northland Investment Corporations undertook this project as they saw the pressing needs and desires. Back in August, the Town of Waltham underwent a huge makeover, from its quiet town center now being primed to focus on luring the full lifestyle package changing the stereotype of the lethargic 1950’s old school, soda pop Main Street into a modern, young and vibrant center. When the development of Marc at Moody and Main began many questioned the intent, but this is a great way to bring flair and affordability, convenience, and energy into the region. Situated just 7 miles from the heart of Boston with some of the best transportation in the country, is a plus. A true live, work, play environment has been achieved. With more and more influence and expansion the burbs are not heading back to sleep.
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