News: Front Section

Hennessey and Lombardi of GVA Williams leases 19,437 s/f for Nokia; CB Richard Ellis reps. landlord

John Hennessey and Stephen Lombardi of GVA Williams represented Nokia, Inc., the mobile advertising firm, in their recent 19,437 s/f lease at 31 St. James Ave. in Boston's Back Bay. The five-year lease will increase their presence in the building; from the 9,581 s/f that Enpocket, who Nokia acquired in September of 2007, already occupies, to a total of 29,018 s/f. The landlord, Capital Properties, was represented by Tim Lyne and Peter Conlin of CB Richard Ellis. Nokia, Inc., chose the space at 31 St., James Ave., also known as the Park Sq. Building, as it provides proximity to public transportation, the amenities of the Back Bay, and the accessibility to their client base. The 11-story, 500,000 s/f Park Sq. was renovated and modernized in 1991. Nokia will be moving into the space in November.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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