Front Section

BioMed Realty and Global Arts Live launch 585 Arts project

Cambridge, MA BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, and nonprofit performing arts presenter Global Arts Live have formed 585 Arts, a new nonprofit dedicated to operating and programming the arts and cultural activation at 585 Third St.

Davis Marcus Partners completes 45,275 s/f in life science leases at 53 and 115 Fourth Ave., Nedham, MA - both buildings now 100% occupied

Needham, MA Davis Marcus Partners has leased 45,275 s/f of life science and office space at 53 and 115 Fourth Ave., bringing both buildings to 100% occupancy. New tenant, Invicro, will move its life science and lab operations to the recently redesigned location, while current tenants, Syniti and Encore Fire Protection

Everest and Olson of Nordlund Associates, Inc. and Fee of Newmark arrange lease to Agility Logistics

Peabody, MA Chris Everest and Kevin Olson of Nordlund Associates, Inc. and Margaret Fee of Newmark negotiated the lease of Agility Logistics Corp. at 8 Essex Center Dr., a first class 67,907 s/f office building.

Santiago of SVN | Parsons handles sale of a 15,181 s/f four building portfolio for $7 million

Newton, MA SVN | Parsons Commercial Group | Boston has completed the sale of a 15,181 s/f four building portfolio at 40 Austin St., 1290 Main St. in Waltham, 4 North Main St. in Bellingham, and 231 East Central St. in Franklin, Mass. for $7 million.

Aho of Aho Properties LLC represented the seller and procured the buyer in $650,000 sale

Harvard, MA Joel Aho, president of Aho Properties LLC, represented the seller and procured the buyer directly in the $650,000 sale of 184 Ayer Rd. The property consists of a small mixed-use commercial/residential building on 2.27 acres of lan

Year-over-year vacancy rate increases in Boston vs. suburbs - by Demetrios Salpoglou

Over the course of the past 12 months, the high demand for apartments in Boston has shifted considerably. Remote learning has been adopted by most of the area’s largest universities, leaving neighborhoods like Fenway, Symphony, and Mission Hill plagued with vacancies

JLL Capital Markets handles $73 million sale of Harbor Landing
- a 218-unit apartment community in Stamford, CT

Stamford, CT JLL Capital Markets has handled the $73 million sale of Harbor Landing, a 218-unit apartment community. JLL exclusively represented the seller, a joint venture between Building and Land Technology and Lubert Adler Real Estate Funds, and procured the buyer, Monday Properties and Neo Capital.

O’ Brien of Greater Boston Commercial Properties, Inc. brokers $2.575m sale

Hudson, MA Bret O’ Brien of Greater Boston Commercial Properties, Inc. represented the seller of 108 Forest Ave. The 30,000 s/f flex building was bought by Security Enhanced Machinery Inc., which provides comprehensive end-of-life solutions

New England closes 2020 with 145 projects and 18,396 rooms in its hotel construction pipeline - by JP Ford

According to Lodging Econometrics’ (LE’s) Hotel Construction Pipeline Trend Report, the total New England Hotel Construction Pipeline at year-end 2020 stands at 145 projects/18,396 rooms. Not surprisingly, this is down slightly year-over-year as new construction totaled 162 projects/19,665 rooms at year-end 2019.

The Stubblebine Co. and CBRE arranges a 84,029 s/f lease to Tighe Warehousing at 100 Adams Road, Clinton MA

Clinton, MA David Stubblebine and James Stubblebine, principals, and Alan Ringuette and David Skinner, senior advisors at The Stubblebine Company and James Lipscomb and Joe Fabiano of CBRE, arranged a 84,029 s/f lease to Tighe Warehousing and Distribution, Inc.