Skanska breaks ground on 150 Second St. in Cambridge
Skanska USA's Commercial Development business unit broke ground on its newest development site, a $70 million lab and office building located at 150 Second St. The entire project development team, along with the mayor of Cambridge David Maher and state representative Alice Wolf, participated in the groundbreaking.
150 Second St. will include approximately 120,000 s/f of highly sustainable lab space and has obtained LEED Gold Precertification from the U.S. Green Building Council. Skanska USA Building will be responsible for constructing the project. Elkus Manfredi is the architect and Jones Lang LaSalle will be the leasing agent for the 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.
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
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.
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,
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.