News: Front Section

Jones Lang LaSalle's project receives LEED certification by USGBC

670 Albany St. at BioSquare, designed by KlingStubbins of Cambridge, was awarded LEED certification by the US Green Building Council (USGBC). This facility is the third laboratory and research building in one of Boston's largest research parks, and represents the Cambridge office's third LEED® certified project. Jones Lang LaSalle is the development manager, leasing agent, property manager, and construction manager for the project.  The 176,000 s/f building 8-story facility is located in Boston's South End neighborhood. The BioSquare complex has been built to support innovation in biomedical research and science with the most modern, building systems. Recognizing that all laboratory buildings have energy loads and impacts on natural resources and the environment, an Environmental Design Program was incorporated into the facility, which involved a rebate program with the local utility company NStar. The green design used includes a  20% savings in energy consumption; a 40% reduction in water usage; clean-up of a former industrial site in a dense, urban neighborhood with connections to public transportation; the recycling of more than  90% of construction waste; the use of low-emitting and recycled construction materials; the purchase of green power, sustainable landscaping and floor plates designed for views to the outside and daylight penetration. "We are proud to be an innovative and sustainable leader in the real estate industry and the developer and tenants are already seeing real tangible returns because of its certification. It is a win-win for the landlord and tenant," said JLL senior vice president Tom Hamill. 670 Albany St. is being occupied by Boston University and Boston Medical Center with uses including Pathology, Bioengineering, and a shared vivarium.
MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

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,
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Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.