News: Front Section

Topping off held for Genzyme's 86,000 s/f addition - designed by ARC

A topping off ceremony was held recently to celebrate the placement of the last piece of steel on the 86,000 s/f addition at Genzyme's landmark Allston Landing biomanufacturing facility along the Charles River, designed by ARC/Architectural Resources. The Allston expansion is the latest collaboration between ARC and Genzyme, a partnership that dates back to 1991 when ARC designed Genzyme's original Allston facility. Since then, ARC has designed more than one million s/f of new construction and renovation projects for Genzyme, including the brand new 177,000 s/f Science Center in Framingham, Mass. Over the last few years, Genzyme has expanded production at the Allston facility from four to six bioreactors by fitting-out two cell culture halls. The current expansion, slated for completion in spring 2010, is focused on adding space for manufacturing support functions, and will allow for the creation of 90 jobs. The expansion also includes a new, 26,000 s/f underground cogeneration plant that will generate steam to run the plant's process operations and will also produce electricity. Turner Construction Co. serves as the general contractor for the project.
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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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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,
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
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.