News: Front Section

Ross and Sciolla of Cresa Boston rep. Yacobian Group in 12,140 s/f; Dauria of JLL acts for landlord, Equity Office

David Ross and Joe Sciolla of Cresa Boston recently represented The Yacobian Group in a 12,140 s/f office lease relocation and expansion at the Riverside Center on 275 Grove St. The Yacobian Group will occupy part of the ground floor in its new building. Yacobian, which previously occupied 10,000 s/f at 3 Clock Tower Place in Maynard, is moving its office headquarters and upgrading its space to accommodate its accelerating growth. The 508,000 s/f Riverside Center, a class A office complex, is adjacent to the MBTA Riverside Terminal, with access to the Mass. Turnpike and Rte. 128. It features a 500-foot long, 65-foot high interior atrium, a fitness center, and a café. Cresa's project management team, led by Barry Dubé and Amy Unangst, is overseeing the build-out, with a move-in date slated for November. The landlord, Equity Office, was represented by Alex Dauria of Jones Lang LaSalle. Cresa, one of North America's largest corporate real estate advisory firm exclusively representing tenants, is based in Boston. Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain, and Facilities Management. With 57 offices, Cresa is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world's largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

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.
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Columns and Thought Leadership
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 doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

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

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,
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

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