Our Blog http://naihunnemanblog.com/?p=1676 https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/ Company News Dowtown Boston Research Back Bay Boston Massachusetts office office space Seaport suburban Urban Office Markets Dominate In Boston As you can see in our Q4 2017 Submarket reports not all office markets are created equal; particularly during this most recent expansion cycle. While fundamentals in the Greater Boston office market are arguably the strongest they’ve been in some time, we’re certainly seeing some bifurcation. Looking at office vacancies, in the chart below, urban &#8230; <a href="https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/" class="more-link">Continue reading <span class="screen-reader-text">Urban Office Markets Dominate In&#160;Boston</span></a> Tue, 20 Feb 2018 21:55:55 Z https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/#respond NAI Hunneman <p>As you can see in our Q4 2017 Submarket reports not all office markets are created equal; particularly during this most recent expansion cycle.</p> <p><a href="http://www.naihunneman.com/research/submarket-report" target="_blank" rel="noopener"><img data-attachment-id="1677" data-permalink="https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/submarket-post-1/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-1.jpg?w=607&#038;h=466" data-orig-size="1157,902" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Submarket Post 1" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-1.jpg?w=607&#038;h=466?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-1.jpg?w=607&#038;h=466?w=676" class=" wp-image-1677 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-1.jpg?w=607&#038;h=466" alt="Submarket Post 1" width="607" height="466" /></a></p> <p>While fundamentals in the Greater Boston office market are arguably the strongest they’ve been in some time, we’re certainly seeing some bifurcation. Looking at office vacancies, in the chart below, urban locales topped the list of submarkets with the lowest vacancy rates in the fourth quarter of 2017. Given the exodus of suburban office users (by tenants like Reebok, Bose, and PTC) to Downtown Boston, it’s not surprising that many of the same markets have had above average vacancy declines when compared to 2010-2012’s peak rates.</p> <p style="padding-left:30px;"><em><strong>Office Vacancies by Submarket</strong></em></p> <p><a href="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png" target="_blank" rel="noopener"><img data-attachment-id="1678" data-permalink="https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/submarket-2/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=676" data-orig-size="1205,751" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Submarket 2" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=676?w=676" class="alignnone size-full wp-image-1678" src="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=676" alt="Submarket 2" srcset="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=1024 1024w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png 1205w" sizes="(max-width: 676px) 100vw, 676px" /></a></p> <p>&nbsp;</p> <p>Route 495 West represents one of the few exceptions, as leasing and expansions have been brisk in this market over the past few years. Despite sitting more than 500 basis points above the metrowide average, vacancies in this submarket have plummeted since peaking in 2012.</p> <p>Turning our attention to rental rates a similar trend emerges. The urban markets maintain some of the highest rents in the metro area <em>and </em>most have posted outsized rent gains from 2014–17. Again, there are some exceptions. In the Fenway submarket, for instance, the delivery of 1325 Boylston Street brought new product, and above-market rents, to a tertiary office market. Once the building leased up, asking rents fell back in line with the area’s historical averages.</p> <p><a href="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png" target="_blank" rel="noopener"><img data-attachment-id="1679" data-permalink="https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/submarket-3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=655&#038;h=424" data-orig-size="2504,1621" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Submarket 3" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=655&#038;h=424?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=655&#038;h=424?w=676" class=" wp-image-1679 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=655&#038;h=424" alt="Submarket 3" width="655" height="424" srcset="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=655&amp;h=424 655w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=1310&amp;h=848 1310w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=150&amp;h=97 150w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=300&amp;h=194 300w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=768&amp;h=497 768w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=1024&amp;h=663 1024w" sizes="(max-width: 655px) 100vw, 655px" /></a></p> <p>Urban landlords have clearly benefitted from shifting tenant demand. As companies follow young talent into the city, demand for office space and subsequently lease rates have risen. Many of these users have been willing to pay top dollar in order to attract the right employee base. Given these fundamentals, one would expect developers to have ramped up construction in Boston’s urban markets. Outside of the Seaport, however, most of this cycle’s office development has been focused in the metro’s suburbs. As seen in the following chart, the Seaport, Inner Suburbs, and Route 128 West accounted for the lion’s share of new deliveries on a square-foot basis.</p> <p><a href="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-4.png" target="_blank" rel="noopener"><img data-attachment-id="1680" data-permalink="https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/submarket-post-4/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-4.png?w=622&#038;h=415" data-orig-size="1571,1060" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Submarket Post 4" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-4.png?w=622&#038;h=415?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-4.png?w=622&#038;h=415?w=676" class=" wp-image-1680 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-4.png?w=622&#038;h=415" alt="Submarket Post 4" width="622" height="415" /></a></p> <p>While it seems like Greater Boston’s urban market have dominated this past cycle, close-in suburbs like Somerville, Brookline, Waltham, etc. have fared well too. As the war for talent continues to rage on, look for continued growth in more urban areas of the metro.</p> <p><em><img data-attachment-id="1283" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/liz_berthelette-3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" data-orig-size="88,109" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Liz_Berthelette" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" class=" size-full wp-image-1283 alignleft" src="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" alt="Liz_Berthelette" /></em></p> <p>&nbsp;</p> <p><em>Liz Berthelette is NAI Hunneman’s Director of Research. To learn more about Liz, check out her <strong><a href="http://www.naihunneman.com/agents/liz-berthelette" target="_blank" rel="noopener">bio</a></strong> or follow her on Twitter at <strong><a href="https://twitter.com/liz_berthelette" target="_blank" rel="noopener">@liz_berthelette</a>.</strong></em></p> https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/feed/ 0 naihunneman Submarket Post 1 Submarket 2 Submarket 3 Submarket Post 4 Liz_Berthelette 2018-02-20 21:55 +00:00 2018-02-20 15:55 -06:00 http://naihunnemanblog.com/?p=1673 https://naihunnemanblog.com/2018/02/13/nai-hunneman-completes-5-6-million-sale-transaction-at-22-pond-street-in-norwell/ Company News Press Release South Market commercial real estate suburban NAI Hunneman Completes $5.6 Million Sale Transaction at 22 Pond Street in Norwell South team represents Herb Chambers in the sale of a 21,084 SF car dealership located at the intersection of Routes 228 and 53 BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently completed the $5.6 Million sale of 22 Pond Street in Norwell, MA. The building’s current tenant, McLaren Auto and its owner &#8230; <a href="https://naihunnemanblog.com/2018/02/13/nai-hunneman-completes-5-6-million-sale-transaction-at-22-pond-street-in-norwell/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman Completes $5.6 Million Sale Transaction at 22 Pond Street in&#160;Norwell</span></a> Tue, 13 Feb 2018 15:14:10 Z https://naihunnemanblog.com/2018/02/13/nai-hunneman-completes-5-6-million-sale-transaction-at-22-pond-street-in-norwell/#respond NAI Hunneman <p><img data-attachment-id="1674" data-permalink="https://naihunnemanblog.com/2018/02/13/nai-hunneman-completes-5-6-million-sale-transaction-at-22-pond-street-in-norwell/22-pond/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/22-pond.jpg?w=636&#038;h=342" data-orig-size="3275,1793" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="22 pond" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/22-pond.jpg?w=636&#038;h=342?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/22-pond.jpg?w=636&#038;h=342?w=676" class=" wp-image-1674 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/02/22-pond.jpg?w=636&#038;h=342" alt="22 pond" width="636" height="342" /></p> <p style="text-align:center;"><em>South team represents Herb Chambers in the sale of a 21,084 SF car dealership located at the intersection of Routes 228 and 53 </em></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently completed the $5.6 Million sale of 22 Pond Street in Norwell, MA. The building’s current tenant, McLaren Auto and its owner BMD, LLC exercised a purchase option in their lease and acquired the property from seller Herb Chambers.</p> <p>NAI Hunneman south team members Cathy Minnerly and Ovar Osvold represented the seller while the buyer was represented by Kathy Doyle of Curran Capital, LLC.</p> <p>“The property has been a great location for McLaren Auto and the time was right to exercise their purchase option to have more flexibility with regards to their growth as well as any improvements that the dealership wanted to make over time,” said Minnerly.</p> <p>Fronting Route 228 and located next to the intersection of Route 53 (Queen Anne’s Corner), 22 Pond Street totals 21,084 SF of showroom and back of house automotive operations with clear heights ranging from 18’ &#8211; 22’. The 2.43-acre property has six drive-in doors, wet and dry sprinkler systems, and parking for up to 175 cars.</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/02/13/nai-hunneman-completes-5-6-million-sale-transaction-at-22-pond-street-in-norwell/feed/ 0 naihunneman 22 pond 2018-02-13 15:14 +00:00 2018-02-13 09:14 -06:00 http://naihunnemanblog.com/?p=1670 https://naihunnemanblog.com/2018/02/12/nai-hunnemans-capital-markets-group-brokers-5-2-million-sale-of-38-units-in-winthrop-ma/ Company News Investment Multifamily Press Release Boston capital markets sale NAI Hunneman’s Capital Markets Group Brokers $5.2 Million Sale of 38-units in Winthrop, MA Tito &#38; Barroso represented the seller &#38; procured the buyer in the disposition of a beachfront apartment complex on Winthrop Shore Drive BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $5.2 Million sale of 87 &#38; 90 Winthrop Shore Drive, a two-building apartment complex, totaling 38-units fronting the Winthrop Shore &#8230; <a href="https://naihunnemanblog.com/2018/02/12/nai-hunnemans-capital-markets-group-brokers-5-2-million-sale-of-38-units-in-winthrop-ma/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Capital Markets Group Brokers $5.2 Million Sale of 38-units in Winthrop,&#160;MA</span></a> Mon, 12 Feb 2018 15:32:29 Z https://naihunnemanblog.com/2018/02/12/nai-hunnemans-capital-markets-group-brokers-5-2-million-sale-of-38-units-in-winthrop-ma/#respond NAI Hunneman <p style="text-align:center;"><img data-attachment-id="1671" data-permalink="https://naihunnemanblog.com/2018/02/12/nai-hunnemans-capital-markets-group-brokers-5-2-million-sale-of-38-units-in-winthrop-ma/87-90-winthrop-shore-drive/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/87-90-winthrop-shore-drive.jpg?w=618&#038;h=412" data-orig-size="4272,2848" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS REBEL T3&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1494422080&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;50&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.016666666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="87 &amp;amp; 90 Winthrop Shore Drive" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/87-90-winthrop-shore-drive.jpg?w=618&#038;h=412?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/87-90-winthrop-shore-drive.jpg?w=618&#038;h=412?w=676" class=" wp-image-1671 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/02/87-90-winthrop-shore-drive.jpg?w=618&#038;h=412" alt="87 &amp;amp; 90 Winthrop Shore Drive" width="618" height="412" srcset="https://naihunnemanblog.files.wordpress.com/2018/02/87-90-winthrop-shore-drive.jpg?w=618&amp;h=412 618w, https://naihunnemanblog.files.wordpress.com/2018/02/87-90-winthrop-shore-drive.jpg?w=1236&amp;h=824 1236w, https://naihunnemanblog.files.wordpress.com/2018/02/87-90-winthrop-shore-drive.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2018/02/87-90-winthrop-shore-drive.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2018/02/87-90-winthrop-shore-drive.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2018/02/87-90-winthrop-shore-drive.jpg?w=1024&amp;h=683 1024w" sizes="(max-width: 618px) 100vw, 618px" /></p> <p style="text-align:center;"><em>Tito &amp; Barroso represented the seller &amp; procured the buyer in the disposition of a beachfront apartment complex on Winthrop Shore Drive </em></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $5.2 Million sale of 87 &amp; 90 Winthrop Shore Drive, a two-building apartment complex, totaling 38-units fronting the Winthrop Shore Reservation in Winthrop, MA.</p> <p>Executive Vice President Robert Tito and Assistant Vice President Gina Barroso represented the seller Winthrop Shore Drive, LLC and procured the buyer RCG, LLC.</p> <p>“87 &amp; 90 Winthrop Shore Drive was a true opportunistic investment, with enormous potential through apartment upgrades and market rent growth.  In addition, the beachfront location and recent state investment into Winthrop Shore Drive created additional value and is key to tenant retention,” said Tito. “Ownership had done a very good job maintaining and managing the property, with pride of ownership evident in the condition of the complexes.”</p> <p>87 &amp; 90 Winthrop Shore Drive is comprised of two, 19-unit apartment buildings with a mix of studio, one-bedroom, and two-bedroom apartments.  The property is situated on the west side of Winthrop Shore Drive, providing sweeping views of the Atlantic Ocean along Winthrop Beach.  The property is conveniently located near public transportation via two MBTA bus lines, the Orient Heights T-stop on the Blue Line, as well as water transportation between Winthrop and Rowes Wharf in downtown Boston.</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/02/12/nai-hunnemans-capital-markets-group-brokers-5-2-million-sale-of-38-units-in-winthrop-ma/feed/ 0 naihunneman 87 &amp; 90 Winthrop Shore Drive 2018-02-12 15:32 +00:00 2018-02-12 09:32 -06:00 http://naihunnemanblog.com/?p=1668 https://naihunnemanblog.com/2018/02/08/nai-hunnemans-capital-markets-group-brokers-sale-1031-exchange-totaling-6-55-million/ Company News Press Release NAI Hunneman’s Capital Markets Group Brokers Sale & 1031 Exchange Totaling $6.55 Million Christie &#38; McGee represent the seller &#38; procured the buyer in the disposition of Harvard Square office building and also completed the 1031 exchange into a new asset in Lynn, MA BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $3.25 Million sale of 15 Story Street, a 4,618 SF office &#8230; <a href="https://naihunnemanblog.com/2018/02/08/nai-hunnemans-capital-markets-group-brokers-sale-1031-exchange-totaling-6-55-million/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Capital Markets Group Brokers Sale &#38; 1031 Exchange Totaling $6.55&#160;Million</span></a> Thu, 08 Feb 2018 18:06:48 Z https://naihunnemanblog.com/2018/02/08/nai-hunnemans-capital-markets-group-brokers-sale-1031-exchange-totaling-6-55-million/#respond NAI Hunneman <p style="text-align:center;"><em>Christie &amp; McGee represent the seller &amp; procured the buyer in the disposition of Harvard Square office building and also completed the 1031 exchange into a new asset in Lynn, MA</em></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $3.25 Million sale of 15 Story Street, a 4,618 SF office building located a short walk from Harvard Square.</p> <p>Executive Vice President Carl Christie and Assistant Vice President Dan McGee represented the seller Chatham Light Realty Corp and procured the buyer, 15 Story Street, LLC. Additionally, Christie &amp; McGee represented the Lynn Hospital Medical Building Trust in the $3.3 Million sale of 225 Boston Street in Lynn, MA.  The seller of 15 Story Street used the sale proceeds to complete a 1031 exchange into the Lynn building.  NAI Hunneman represented the seller and procured the buyer in both transactions.</p> <p>“As the exclusive agent, we were able to market both properties, and it worked out that the seller of 15 Story Street was able to do an exchange into the Lynn Medical building, said Christie.   Both properties got a lot of interest from the market, and we received multiple offers.  15 Story Street was unique in that it was a commercial use in a residential area and it included off-street parking.  225 Boston Street is a sizeable medical office building with ample parking and enough land for potential expansion.”</p> <p>225 Boston Street is a 1.79 ± acre site is improved with a three-story multi-tenant medical office building.  The 29,754 ± SF building is leased to eleven tenants. The property is well-located in the densely populated city of Lynn.  The building has excellent visibility and frontage on Boston Street.  The site has a surface parking lot with approximately 125 spaces.</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/02/08/nai-hunnemans-capital-markets-group-brokers-sale-1031-exchange-totaling-6-55-million/feed/ 0 naihunneman 2018-02-08 18:06 +00:00 2018-02-08 12:06 -06:00 http://naihunnemanblog.com/?p=1662 https://naihunnemanblog.com/2018/02/07/nai-hunneman-completes-lease-up-at-151-campanelli-drive-in-middleboro/ Company News Press Release NAI Hunneman completes lease-up at 151 Campanelli Drive in Middleboro Osvold &#38; Minnerly represent landlord Iconic Capital in the final lease bringing the 58,510 SF, suburban office building to 100% occupancy NAI Hunneman’s Leasing &#38; Advisory Services Group recently completed a 5,127 SF lease expansion with the State Department of Developmental Services at 151 Campanelli Drive in Middleboro, MA. The transaction is the last in &#8230; <a href="https://naihunnemanblog.com/2018/02/07/nai-hunneman-completes-lease-up-at-151-campanelli-drive-in-middleboro/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman completes lease-up at 151 Campanelli Drive in&#160;Middleboro</span></a> Wed, 07 Feb 2018 19:20:19 Z https://naihunnemanblog.com/2018/02/07/nai-hunneman-completes-lease-up-at-151-campanelli-drive-in-middleboro/#respond NAI Hunneman <p><img data-attachment-id="1664" data-permalink="https://naihunnemanblog.com/2018/02/07/nai-hunneman-completes-lease-up-at-151-campanelli-drive-in-middleboro/151-campanelli-drive-2jpg/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/151-campanelli-drive-2jpg.jpg?w=651&#038;h=434" data-orig-size="3888,2592" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS DIGITAL REBEL XS&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;946684960&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="151 Campanelli Drive.2jpg" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/151-campanelli-drive-2jpg.jpg?w=651&#038;h=434?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/151-campanelli-drive-2jpg.jpg?w=651&#038;h=434?w=676" class=" wp-image-1664 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/02/151-campanelli-drive-2jpg.jpg?w=651&#038;h=434" alt="151 Campanelli Drive.2jpg" width="651" height="434" srcset="https://naihunnemanblog.files.wordpress.com/2018/02/151-campanelli-drive-2jpg.jpg?w=651&amp;h=434 651w, https://naihunnemanblog.files.wordpress.com/2018/02/151-campanelli-drive-2jpg.jpg?w=1302&amp;h=868 1302w, https://naihunnemanblog.files.wordpress.com/2018/02/151-campanelli-drive-2jpg.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2018/02/151-campanelli-drive-2jpg.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2018/02/151-campanelli-drive-2jpg.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2018/02/151-campanelli-drive-2jpg.jpg?w=1024&amp;h=683 1024w" sizes="(max-width: 651px) 100vw, 651px" /></p> <p style="text-align:center;"><em>Osvold &amp; Minnerly represent landlord Iconic Capital in the final lease bringing the 58,510 SF, suburban office building to 100% occupancy</em></p> <p>NAI Hunneman’s Leasing &amp; Advisory Services Group recently completed a 5,127 SF lease expansion with the State Department of Developmental Services at 151 Campanelli Drive in Middleboro, MA. The transaction is the last in a series of deals that have taken the south market location from near vacant to 100% occupied in just 16 months.</p> <p>NAI Hunneman South Team members Ovar Osvold and Cathy Minnerly represented the landlord 151 Campy Associates, LLC, an affiliate of New York-based Iconic Capital, in the second expansion for the state agency at the property.</p> <p>Ovar Osvold said, “The building’s location and overall quality is fantastic, so we were able to take a very strategic approach to the leasing and stabilization of the asset. This expansion completes the final chapter of the building’s major success story.”</p> <p>Situated on 7.22 acres of land and located directly off I-495 at the Route 44/18 rotary, 151 Campanelli Drive totals 58,510 SF of first-class office and meeting space.</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit <u><a href="http://www.naihunneman.com" rel="nofollow">http://www.naihunneman.com</a></u></p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/02/07/nai-hunneman-completes-lease-up-at-151-campanelli-drive-in-middleboro/feed/ 0 naihunneman 151 Campanelli Drive.2jpg 2018-02-07 19:20 +00:00 2018-02-07 13:20 -06:00 http://naihunnemanblog.com/?p=1659 https://naihunnemanblog.com/2018/02/06/ned-halloran-leeanne-rizzo-broker-23000-sf-lease-at-2-batterymarch-park/ Company News Press Release Ned Halloran & Leeanne Rizzo Broker 23,000 SF Lease at 2 Batterymarch Park Team represents New Era Technology in Quincy office transaction NAI Hunneman is pleased to announce that Senior Vice Presidents Ned Halloran and Leeanne Rizzo, along with Associate Sean Hannigan recently represented New Era Technology (including subsidiary FTG Technologies) in a lease expansion and extension totaling 23,000 SF lease at 2 Batterymarch Park in Quincy, MA. &#8230; <a href="https://naihunnemanblog.com/2018/02/06/ned-halloran-leeanne-rizzo-broker-23000-sf-lease-at-2-batterymarch-park/" class="more-link">Continue reading <span class="screen-reader-text">Ned Halloran &#38; Leeanne Rizzo Broker 23,000 SF Lease at 2 Batterymarch&#160;Park</span></a> Tue, 06 Feb 2018 16:16:55 Z https://naihunnemanblog.com/2018/02/06/ned-halloran-leeanne-rizzo-broker-23000-sf-lease-at-2-batterymarch-park/#respond NAI Hunneman <p style="text-align:center;"><em>Team represents New Era Technology in Quincy office transaction</em></p> <p><img data-attachment-id="1660" data-permalink="https://naihunnemanblog.com/2018/02/06/ned-halloran-leeanne-rizzo-broker-23000-sf-lease-at-2-batterymarch-park/2-batterymarch-park/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/2-batterymarch-park.jpg?w=248&#038;h=165" data-orig-size="309,206" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="2 Batterymarch park" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/2-batterymarch-park.jpg?w=248&#038;h=165?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/2-batterymarch-park.jpg?w=248&#038;h=165?w=309" class=" wp-image-1660 alignleft" src="https://naihunnemanblog.files.wordpress.com/2018/02/2-batterymarch-park.jpg?w=248&#038;h=165" alt="2 Batterymarch park" width="248" height="165" srcset="https://naihunnemanblog.files.wordpress.com/2018/02/2-batterymarch-park.jpg?w=248&amp;h=165 248w, https://naihunnemanblog.files.wordpress.com/2018/02/2-batterymarch-park.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2018/02/2-batterymarch-park.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2018/02/2-batterymarch-park.jpg 309w" sizes="(max-width: 248px) 100vw, 248px" />NAI Hunneman is pleased to announce that Senior Vice Presidents Ned Halloran and Leeanne Rizzo, along with Associate Sean Hannigan recently represented New Era Technology (including subsidiary FTG Technologies) in a lease expansion and extension totaling 23,000 SF lease at 2 Batterymarch Park in Quincy, MA. 2 Batterymarch Park landlord NFPA was represented by CBRE.</p> <p>“New Era was experiencing significant growth and in need of expansion space in the midst of its lease term. Our team was tasked with securing additional space that they could move into quickly with minimal disruption to their day-to-day operations,” said Rizzo. “After evaluating the options in the market, we were able to identify an opportunity for New Era to Expand into 9,300 SF of adjacent space giving them the ability to occupy the entire floor. The solution at 2 Batterymarch Park addresses New Era’s short- and long-term needs, and we’re happy to reach an agreement with ownership that works for both parties.”</p> <p><strong><u>About New Era Technology</u></strong></p> <p>New Era Technology works with customers as a trusted technology adviser. We help customers work faster, smarter and more securely in a rapidly changing digital world. More than 4,500 customers worldwide rely on collaboration, cloud, data networking, security, and managed service solutions from New Era to accelerate time to market, speed innovation, increase productivity, and create better learning experiences. Headquartered in New York City, New Era has offices around the globe, including in the United States, the United Kingdom, Australia, and New Zealand. To learn more about New Era Technology, please visit <a href="http://www.neweratech.com">www.neweratech.com</a></p> <p><strong><u>NAI Hunneman</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a partner of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/02/06/ned-halloran-leeanne-rizzo-broker-23000-sf-lease-at-2-batterymarch-park/feed/ 0 naihunneman 2 Batterymarch park 2018-02-06 16:16 +00:00 2018-02-06 10:16 -06:00 http://naihunnemanblog.com/?p=1654 https://naihunnemanblog.com/2018/02/05/nai-hunneman-adds-christopher-curley-to-leasing-advisory-services-team/ Company News Press Release NAI Hunneman adds Christopher Curley to Leasing & Advisory Services Team Curley joins as an Executive Vice President focused on the North Suburban Markets NAI Hunneman is pleased to announce that Christopher Curley has joined the company’s Leasing and Advisory Service Team as an Executive Vice President specializing in providing in-depth, strategy-driven real estate solutions for both landlords and tenants, with a particular focus on the &#8230; <a href="https://naihunnemanblog.com/2018/02/05/nai-hunneman-adds-christopher-curley-to-leasing-advisory-services-team/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman adds Christopher Curley to Leasing &#38; Advisory Services&#160;Team</span></a> Mon, 05 Feb 2018 15:51:54 Z https://naihunnemanblog.com/2018/02/05/nai-hunneman-adds-christopher-curley-to-leasing-advisory-services-team/#respond NAI Hunneman <p style="text-align:center;"><em>Curley joins as an Executive Vice President focused on the North Suburban Markets</em></p> <p><img data-attachment-id="1655" data-permalink="https://naihunnemanblog.com/2018/02/05/nai-hunneman-adds-christopher-curley-to-leasing-advisory-services-team/chris-curley1/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/chris-curley1.jpg?w=138&#038;h=131" data-orig-size="321,321" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Chris Curley1" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/chris-curley1.jpg?w=138&#038;h=131?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/chris-curley1.jpg?w=138&#038;h=131?w=321" class=" wp-image-1655 alignleft" src="https://naihunnemanblog.files.wordpress.com/2018/02/chris-curley1.jpg?w=138&#038;h=131" alt="Chris Curley1" width="138" height="131" />NAI Hunneman is pleased to announce that Christopher Curley has joined the company’s Leasing and Advisory Service Team as an Executive Vice President specializing in providing in-depth, strategy-driven real estate solutions for both landlords and tenants, with a particular focus on the north suburban markets. Chris worked at NAI Hunneman early in his 20-year commercial real estate career and was named the firm’s rookie of the year in 2000.</p> <p>“It’s great to welcome Chris back to Hunneman. We are excited about his leadership and commitment to his craft,” said NAI Hunneman Co-Managing Principal Steve Prozinski.</p> <p>NAI Hunneman Co-Managing Principal Peter Evans added, “Chris is a top producer who brings extensive market knowledge and an energetic personality that will benefit not only our clients but also our existing professionals practicing in the north market.”</p> <p>Before joining NAI Hunneman, Chris was a Senior Vice President with Newmark Knight Frank for the previous ten years after selling The Codman Company (to Newmark) where Chris was a Partner. Chris also spent time at GVA Thompson Doyle Hennessey &amp; Stevens after working early in his career as a Vice President at NAI Hunneman.</p> <p>“I am excited to be back at Hunneman, this is a very different company today than in years past,” said Curley.  “We have a solid core of veterans supported by young talented individuals, and we are aggressively looking to add more.”  Steve Prozinski’s &amp; Peter Evans’ leadership combined with the firm’s executive team and partners have made great strategic decisions for the future of Hunneman over the past three years. Those decisions are starting to pay dividends, and we are well positioned to recruit, compete and win. Combine that with all of the consolidation going on amongst our competitors, and I think this presents a real opportunity for us to hire some very talented people”.</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/02/05/nai-hunneman-adds-christopher-curley-to-leasing-advisory-services-team/feed/ 0 naihunneman Chris Curley1 2018-02-05 15:51 +00:00 2018-02-05 09:51 -06:00 http://naihunnemanblog.com/?p=1631 https://naihunnemanblog.com/2018/01/22/the-hype-is-real-all-eyes-turn-to-the-20-finalist-for-amazons-hq2/ Company News Research The Hype is Real – All Eyes Turn to the 20 Finalists for Amazon’s HQ2 Is there more hype surrounding Amazon’s exhaustive HQ2 search than Y2K’s purported apocalypse? If you ask NAI Hunneman’s COO, Steve Prozinski, it appears so. With the e-commerce giant’s 20-location shortlist announcement dropping late last week, commercial real estate experts have ramped up their speculative analysis on the potential outcome of Amazon’s decision. Irish Gambling site, &#8230; <a href="https://naihunnemanblog.com/2018/01/22/the-hype-is-real-all-eyes-turn-to-the-20-finalist-for-amazons-hq2/" class="more-link">Continue reading <span class="screen-reader-text">The Hype is Real – All Eyes Turn to the 20 Finalists for Amazon’s&#160;HQ2</span></a> Mon, 22 Jan 2018 17:28:39 Z https://naihunnemanblog.com/2018/01/22/the-hype-is-real-all-eyes-turn-to-the-20-finalist-for-amazons-hq2/#respond Liz Berthelette <div data-shortcode="caption" id="attachment_1641" style="max-width: 8202px" class="wp-caption aligncenter"><a href="https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg" target="_blank" rel="noopener"><img data-attachment-id="1641" data-permalink="https://naihunnemanblog.com/2018/01/22/the-hype-is-real-all-eyes-turn-to-the-20-finalist-for-amazons-hq2/amazon-national-map-2/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg?w=676" data-orig-size="8192,4915" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Amazon National Map" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg?w=676?w=676" class=" size-full wp-image-1641 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg?w=676" alt="Amazon National Map" srcset="https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg?w=1352 1352w, https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/01/amazon-national-map2.jpg?w=1024 1024w" sizes="(max-width: 676px) 100vw, 676px" /></a><p class="wp-caption-text"><em>Map showcasing the 20 finalists for Amazon&#8217;s HQ2 &#8211; Source: Amazon</em></p></div> <p>Is there more hype surrounding Amazon’s exhaustive HQ2 search than Y2K’s purported apocalypse? If you ask <a href="http://www.naihunneman.com/">NAI Hunneman’s</a> COO, Steve Prozinski, it appears so. With the e-commerce giant’s 20-location shortlist announcement dropping late last week, commercial real estate experts have ramped up their speculative analysis on the potential outcome of Amazon’s decision. Irish Gambling site, <a href="http://www.paddypower.com/bet?action=go_event&amp;category=SPECIALS&amp;ev_class_id=45&amp;ev_type_id=22711&amp;ev_id=13023353&amp;force_racing_css=&amp;ev_desc=Where%20will%20Amazon%20build%20their%20Second%20Headquarters?#top">Paddy Power</a>, has even been taking bets on where HQ2 will land, with Boston in the lead spot with 2-to-1 odds. While we can likely attribute some of the excitement to the advent of 24-hour news cycles and social media, it’s clear that Amazon’s impact on the winning city will be far greater than anything that happened post Y2K.</p> <p>In looking at the list of finalists there were some surprises, like Newark and Columbus, that made it and some that didn’t, like Houston and Phoenix. In order to better understand each market, we put together a matrix of characteristics for comparison:</p> <p><a href="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg" target="_blank" rel="noopener"><img data-attachment-id="1648" data-permalink="https://naihunnemanblog.com/2018/01/22/the-hype-is-real-all-eyes-turn-to-the-20-finalist-for-amazons-hq2/hq2-table2-1/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg?w=676" data-orig-size="1280,720" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="HQ2-Table2-1" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg?w=676?w=676" class=" size-full wp-image-1648 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg?w=676" alt="HQ2-Table2-1" srcset="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg?w=1024 1024w, https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-1.jpg 1280w" sizes="(max-width: 676px) 100vw, 676px" /></a></p> <p><a href="https://naihunnemanblog.files.wordpress.com/2018/01/slide2.jpg" target="_blank" rel="noopener"><img data-attachment-id="1649" data-permalink="https://naihunnemanblog.com/2018/01/22/the-hype-is-real-all-eyes-turn-to-the-20-finalist-for-amazons-hq2/hq2-table2-2/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-2.jpg?w=676" data-orig-size="1280,720" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="HQ2-Table2-2" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-2.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-2.jpg?w=676?w=676" class=" size-full wp-image-1649 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-2.jpg?w=676" alt="HQ2-Table2-2" srcset="https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-2.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-2.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-2.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-2.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-2.jpg?w=1024 1024w, https://naihunnemanblog.files.wordpress.com/2018/01/hq2-table2-2.jpg 1280w" sizes="(max-width: 676px) 100vw, 676px" /></a>While there is a clear East Coast dominance to the list, which <a href="https://www.bisnow.com/national/news/office/ccims-official-prediction-for-amazons-hq2-contains-a-few-surprises-83802"><em>Bisnow</em></a> explores, those in the top 20 are rather diverse — with both large and mid-sized markets making the cut. A winner will be crowned later this year, and until then we expect the hype to remain frenzied.</p> <p>To access our full suite of research reports, check out our <a href="http://www.naihunneman.com/research.aspx">website</a> and subscribe to our blog!</p> <p><em><img data-attachment-id="1283" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/liz_berthelette-3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" data-orig-size="88,109" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Liz_Berthelette" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" class=" size-full wp-image-1283 alignleft" src="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" alt="Liz_Berthelette" /></em></p> <p>&nbsp;</p> <p><em>Liz Berthelette is NAI Hunneman’s Director of Research. You can learn more about her in her <strong><a href="http://www.naihunneman.com/agents/liz-berthelette" target="_blank" rel="noopener">bio</a></strong> or follow her on Twitter at <strong><a href="https://twitter.com/liz_berthelette" target="_blank" rel="noopener">@liz_berthelette</a>.</strong></em></p> https://naihunnemanblog.com/2018/01/22/the-hype-is-real-all-eyes-turn-to-the-20-finalist-for-amazons-hq2/feed/ 0 lberthelette Amazon National Map HQ2-Table2-1 HQ2-Table2-2 Liz_Berthelette 2018-01-22 17:28 +00:00 2018-01-22 11:28 -06:00 http://naihunnemanblog.com/?p=1627 https://naihunnemanblog.com/2018/01/18/from-the-research-desk-q4-market-update-bostons-outlook-remains-positive/ Uncategorized From the Research Desk – Q4 Market Update: Boston’s Outlook Remains Positive Downtown and the Route 128 Loop led a strong fourth-quarter performance in the Greater Boston office market, with total absorption surpassing 700,000 square feet and vacancies falling to 11.6%. The war for talent continues to drive inbound tenant relocations to the urban markets as well as fuel growth in urban outposts from firms like Bose &#8230; <a href="https://naihunnemanblog.com/2018/01/18/from-the-research-desk-q4-market-update-bostons-outlook-remains-positive/" class="more-link">Continue reading <span class="screen-reader-text">From the Research Desk – Q4 Market Update: Boston’s Outlook Remains&#160;Positive</span></a> Thu, 18 Jan 2018 19:33:08 Z https://naihunnemanblog.com/2018/01/18/from-the-research-desk-q4-market-update-bostons-outlook-remains-positive/#respond Liz Berthelette <p><img data-attachment-id="1628" data-permalink="https://naihunnemanblog.com/2018/01/18/from-the-research-desk-q4-market-update-bostons-outlook-remains-positive/fullreport-q4/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/01/fullreport-q4.jpg?w=630&#038;h=353" data-orig-size="1458,833" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="FullReport-Q4" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/01/fullreport-q4.jpg?w=630&#038;h=353?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/01/fullreport-q4.jpg?w=630&#038;h=353?w=676" class=" wp-image-1628 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/01/fullreport-q4.jpg?w=630&#038;h=353" alt="FullReport-Q4" width="630" height="353" /></p> <p>Downtown and the Route 128 Loop led a strong fourth-quarter performance in the Greater Boston office market, with total absorption surpassing 700,000 square feet and vacancies falling to 11.6%. The war for talent continues to drive inbound tenant relocations to the urban markets as well as fuel growth in urban outposts from firms like Bose and possibly Staples and Haemonetics. While we expect this eastward migration to continue, the suburbs remain alive and well as several large requirements have opted to remain outside of the city and build-to-suit construction has bolstered net absorption.</p> <p>Cambridge’s overheated lab market and a seemingly insatiable demand from the ever-growing biotech industry are directly benefiting relief valve locations like the Seaport and Brighton. Developers continue to pivot from office to lab construction as users seek out larger footprints and/or cheaper alternatives to Kendall Square. At Boston Landing’s growing tech hub in Brighton, NB Development recently landed Mass Innovation Labs, Roche Diagnostics, and Proteostasis Therapeutics. Mass Innovation Labs is also anchoring the first phase of Related Beal’s iSQ development at 6 Tide Street in the Seaport. In Watertown, Boylston Properties continues to expand its roster of lab tenants at the recently constructed LINX building.</p> <p>The run-up in Greater Boston’s industrial market seemingly has no end in sight. Fundamentals remain tight as demand continues to outstrip supply. With another 1.4 million square feet in positive absorption, vacancies declined by another 40 basis points throughout the past year. New construction remains restrained, and the metro’s inventory continues to shrink, particularly inside Route 128, as developers execute redevelopment projects. Amidst these historically low vacancies, landlords have been able to push through unprecedented rent growth. Since the end of 2014 lease rates have increased by 19% metrowide. Institutional-quality industrial product is even harder to come by, and tenants will pay a premium for this space. Looking ahead, this market’s maturation will likely lead to slower growth as we move through the later stages of this current cycle, but market conditions will remain positive in the near-term.</p> <p>On the capital markets front, at a macro level, uncertainty surrounding tax legislation and an ever-growing bid-ask spread among buyers and sellers weighed on deal volume during the latter half of this year. Pricing continues to inch higher, with Real Capital Analytics’ CPPI growing by 1.2% from October to November, as demand remains strong for U.S. commercial real estate. Investor appetite for the industrial asset class is growing, with both transaction volume and prices increasing over the past year. This trend is playing out in the local Boston market as well. While solid economic conditions bode well for investment sales going forward, expect deal volume to slide further in 2018 as we move through the later stages of this current cycle.</p> <p>For a full breakdown of Greater Boston’s Office, Industrial and Capital Markets, access our Q4 Report <strong><em><u><a href="https://user-169168.cld.bz/Q4-2017-MarketReport-WEB">Here</a></u>.  </em></strong>Look for our Biotech Beat Report next week.</p> <p><em><img data-attachment-id="1283" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/liz_berthelette-3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" data-orig-size="88,109" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Liz_Berthelette" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" class=" size-full wp-image-1283 alignleft" src="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" alt="Liz_Berthelette" /></em></p> <p>&nbsp;</p> <p><em>Liz Berthelette is NAI Hunneman’s Director of Research. You can learn more about her in her <strong><a href="http://www.naihunneman.com/agents/liz-berthelette" target="_blank" rel="noopener">bio</a></strong> or follow her on Twitter at <strong><a href="https://twitter.com/liz_berthelette" target="_blank" rel="noopener">@liz_berthelette</a>.</strong></em></p> https://naihunnemanblog.com/2018/01/18/from-the-research-desk-q4-market-update-bostons-outlook-remains-positive/feed/ 0 lberthelette FullReport-Q4 Liz_Berthelette 2018-01-18 19:33 +00:00 2018-01-18 13:33 -06:00 http://naihunnemanblog.com/?p=1624 https://naihunnemanblog.com/2018/01/10/nai-hunnemans-capital-markets-group-brokers-5-million-multifamily-sale/ Company News Press Release NAI Hunneman’s Capital Markets Group Brokers $5 Million Multifamily Sale Christie &#38; McGee Represent the seller &#38; procure the buyer in the disposition of a 10-unit brownstone in Boston’s Back Bay BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $5,000,000 sale of 90 St Botolph Street, a 10-unit, brownstone apartment building located in Boston’s Back Bay. Executive Vice President Carl &#8230; <a href="https://naihunnemanblog.com/2018/01/10/nai-hunnemans-capital-markets-group-brokers-5-million-multifamily-sale/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Capital Markets Group Brokers $5 Million Multifamily&#160;Sale</span></a> Wed, 10 Jan 2018 18:54:41 Z https://naihunnemanblog.com/2018/01/10/nai-hunnemans-capital-markets-group-brokers-5-million-multifamily-sale/#respond NAI Hunneman <p style="text-align:center;"><em>Christie &amp; McGee Represent the seller &amp; procure the buyer in the disposition of a 10-unit brownstone in Boston’s Back Bay</em></p> <p><img data-attachment-id="1625" data-permalink="https://naihunnemanblog.com/2018/01/10/nai-hunnemans-capital-markets-group-brokers-5-million-multifamily-sale/90-st-botolph-street/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/01/90-st-botolph-street.jpg?w=635&#038;h=423" data-orig-size="1024,682" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="90 St Botolph Street" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/01/90-st-botolph-street.jpg?w=635&#038;h=423?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/01/90-st-botolph-street.jpg?w=635&#038;h=423?w=676" class=" wp-image-1625 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/01/90-st-botolph-street.jpg?w=635&#038;h=423" alt="90 St Botolph Street" width="635" height="423" srcset="https://naihunnemanblog.files.wordpress.com/2018/01/90-st-botolph-street.jpg?w=635&amp;h=423 635w, https://naihunnemanblog.files.wordpress.com/2018/01/90-st-botolph-street.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2018/01/90-st-botolph-street.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2018/01/90-st-botolph-street.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2018/01/90-st-botolph-street.jpg 1024w" sizes="(max-width: 635px) 100vw, 635px" /></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $5,000,000 sale of 90 St Botolph Street, a 10-unit, brownstone apartment building located in Boston’s Back Bay.</p> <p>Executive Vice President Carl Christie and Assistant Vice President Dan McGee represented the seller 90 St. Botolph LLC and procured the buyer 16 Pinckney Street, LLC.</p> <p>“There was a tremendous amount of interest in the property due to its location in one of Boston’s most sought-after neighborhoods,” said Christie. “The location, condition, and occupancy were the primary reasons that the property went under agreement quickly for the full asking price.”</p> <p>Located steps from the MBTA’s green line, 90 Saint Botolph Street is comprised of ten units, 8 one-bedroom apartments, and 2 studio apartments. The property is well-located in the Back Bay neighborhood of Boston. The building is fully occupied, well-maintained, and well-managed by the same ownership group for over 30 years.</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/01/10/nai-hunnemans-capital-markets-group-brokers-5-million-multifamily-sale/feed/ 0 naihunneman 90 St Botolph Street 2018-01-10 18:54 +00:00 2018-01-10 12:54 -06:00