Northeast
Author Gladwell Speaks at Colliers International’s First Global Leadership Summit in Manhattan
Colliers International has undertaken recently a rebranding and investment campaign to combine its real estate experts worldwide and service lines under one banner. Under this model, local Colliers brokers continue to own real equity in the company.
JLL: Vacancies Fall Amongst NYC Class A Office Properties
Vacancy rates dropped amongst all property types in Midtown, where the overall vacancy rate fell to 13.2 percent at mid-2010, a drop of 3 percent from the overall vacancy rate of 13.6 percent in the first quarter. Class A vacancy rates fell to 13.4 percent over the second quarter, down 3.4 percent from the previous quarter’s 13.9 percent.
Pharmaceutical Firm Snaps Up Boston-Area Tech Park for $165M
The premier biotechnology compound of office and lab space and 40 acres of preserved open space had been undergoing redevelopment at the hands of Patriot Partners, the partnership between Framingham, Mass.-based Atlantic Management Corp., Concord, Mass.-based Mohawk Partners L.L.C. and New York City-headquartered O’Connor Capital Partners that acquired the property in 2003.
Alliance For Downtown NY: Hotel Rooms Booming in Lower Manhattan
The number of hotels in Lower Manhattan has tripled since the 9/11 terrorist attacks, the Alliance for Downtown New York has found. The organization said this week that the number of rooms in their district, Lower Manhattan south of Chambers Street, has increased by more than 60 percent in that time.
JLL Nails Down 64,821 SF Lease in NYC for Piper Jaffray
Piper Jaffray will occupy the entire twelfth floor of the building as well as a portion of the eleventh floor, consolidating its operations from two separate Manhattan sites.
Zaid Joins Sierra as SVP
Zaid previously served as an owner’s representative at A.S. Realty Partners, where he negotiated $37 million in sales and managed $14 million in construction projects.
1.7M SF Mixed-Use Life Sciences Project in Boston Area Gets Final Zoning Approval
Alexandria Real Estate Equities Inc. has received final zoning approval from the Cambridge Planning Board for its Binney Street Project, a 1.7 million-square-foot mixed-use office and laboratory development in East Cambridge, Mass.
USAA Adds 225,610 SF to Retail Portfolio
Wampanoag Plaza was sold by New York-based Emmes Asset Management Company and is currently 97 percent leased to 11 tenants.
Four Leases Totaling 79,500 SF Signed at Seaport Center Boston
The Beal Companies L.L.P. and Rockport Group L.L.C. inked deals with Monster.com and Verizon for 28,000 square feet each, Altran Solutions for 13,500 square feet, and Interaction Associates for 10,000 square feet.
Manhattan Office Building Attracts 105,000 SF Nonprofit Tenant
Things are definitely looking up in the Manhattan office market.