News: Front Section

Cushman & Wakefield brokers 53,343 s/f lease to uniQure

Cushman & Wakefield completed a 53,343 s/f office, laboratory and GMP manufacturing lease at 113 Hartwell Ave. Cushman & Wakefield executive directors Mark Winters and Richard Ruggiero represented the tenant, uniQure. The landlord is King Street Properties LLC. "We are delighted to further expand uniQure's operations with the opening of a world-class facility in the Boston area, which is one of the world's leading destinations for life science entities", said Jörn Aldag, CEO of uniQure. "The construction of this facility represents our commitment to establishing a global, fully integrated gene therapy company as we continue to build on our leadership position in the field of AAV-based gene therapy products." Stephen Lynch, principal of King Street Properties said, "The announcement that uniQure, a world leader in the life science industry, has selected Lexington for its regional base of operations speaks volumes about the quality and location of our facility. We look forward to supporting uniQure's presence in this market." uniQure's 10-year lease at 113 Hartwell Ave. will enable the firm to establish a state of the art production facility in the US which may eventually employ over 50 professionals. The building is currently undergoing extensive base building and architectural improvements designed to transform the existing 103,000 s/f building into a life science facility.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary