John Hennessey and Peter Bean of GVA Williams represented HNTB, a provider of professional services in the transportation, architecture and federal sectors, in their 21,109 s/f lease at 31 St. James Ave. The landlord, Capital Properties, was represented by Tim Lyne and Peter Conlin of CBRE New England.
HNTB moved from 75 State St. and chose the 31 St. James Ave. space, to which they expect to relocate in April, as it provides close proximity to public transportation, the excellent amenities of the Back Bay, and the ease and accessibility to their client base.
The eleven story, 500,000 s/f Park Sq. building was renovated and modernized in 1991, providing attractive and functional space for its tenants.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
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.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.