MANSARD Commercial Real Estate Blog

Explore MANSARD Commercial Real Estate Sales’s latest blog posts, expert advice, news, and commentary.

The Davis Companies Sells $55M Class A Building in Burlington MA Commercial Real Estate Market

MANSARD Commercial Real Estate Sales's Insight

The Davis Companies' recent sale of 67 South Bedford Street in Burlington, MA demonstrates the expanding demand that investors are placing on Burlington MA commercial real estate opportunities. 67 South Bedford Street sold for $55,500,000 or $313/SF, which places it above the 12 year average price for office space in the Burlington Ma commercial real estate market.

Article Excerpt:

Boston— NKF Capital Markets has completed the sale of 67 South Bedford Street in Burlington, MA to one of Anchor Health Properties’ existing institutional joint ventures. On behalf of The Davis Companies, NKF Capital Markets Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen, Managing Director Michael Greeley, Director James Tribble and Associate Director Samantha Hallowell of the Boston office, which is led by Co-Head of U.S. Capital Markets Robert Griffin, oversaw the transaction of the Class A medical/office building.

Jeremy Cyrier, CCIM Featured on WHDH Channel 7

Due to the recent gas explosions, Governor Baker held a meeting in Andover, MA on Wednesday September 19th. The purpose of the meeting was to discuss the impact brought upon local business owners in the area due to the recent destruction to residential and commercial properties. Jeremy Cyrier, CCIM was one of the local business owners who attended and was later interviewed by WHDH Channel 7 News. Jeremy briefly touched upon the immense impact this disaster has caused to business. The commercial real estate industry is just one those impacted among the local businesses in the Merrimack valley. Comparable to...

Suburban Developers Not Deterred By Push To Be Downtown – Boston Commercial Real Estate Market Trends

MANSARD Commercial Real Estate Sales's Insight

Boston commercial real estate market trends continue to point to increasing densification and development of the urban core. However, developers are not dissuaded by the trend, that sharing that the current state of boston's commercial real estate market trends may not last forever as companies begin to search for value, amenities, and commutability along Routes 128, 93, and 495.

Article Excerpt:

Despite an ongoing building boom in places like the Seaport and East Cambridge, not all is down and out in Boston’s suburbs. Developers there say their own boom is simply overshadowed.

Decreasing Cap Rates Aren’t Scaring Off Investors

The future in industrial real estate seems to be strong if the indicators like the average cap rate mean anything about where markets may be headed.  Cap rates continue to drop with the national average being 5.4% for class-A+ products compared to 5.6% for the similar market items the previous year.  In Los Angeles, the average is down to 3.8%.  All of this indicates that even though the profit margins may not be great, solid profits can still be found in these investments. Many investors are looking to Gateway Cities to find their investments.  In recent years—and right now—there has...

Why Not Build Up Areas Around Gateway Cities?

There are 13 Gateway Cities around—cities around Massachusetts that are currently struggling, but which could turn out to be important cogs to their regional economies.  Many believe the way to turn those economies around might be found right in those cities.  Right now, there is a lot of vacant land, or land that is not properly utilized in those areas that are close to commuter rail stops.  It is estimated that there could be 140,000 residents and workers added to these areas which would mean more jobs and more riders on commuter rail. These 13 Gateway Cities could house 230,000...

Mixed Messages in the Retail Market?

There continue to be many store closures and bankruptcies in the retail market, but the overall vacancy rate of these spaces hasn’t yet spiked.  Reis, a real estate research firm has optimistically reported that even though there have been more stores closings, the retail vacancy rate has not and is not expected to rise. There are various reasons why more stores are closing but the retail vacancy rates remain basically unchanged.  One reason is that there has been a regular demolition of shopping centers, with that space being put to work for different reasons. Another reason for the lack of change is that...

Merck is Poised to Open a new Cambridge Office Market Facility

Merck & Co., (NYSE: MRK) one of the world's most successful drug companies, recently announced plans to launch a new research facility in the Cambridge office market. Company representatives indicated that the site will be opened later this year in unison with another research facility in San Francisco. Merck's announcement also revealed that the drug giant will slash jobs at three sites across Pennsylvania and New Jersey. Representatives from the New Jersey-based Merck revealed that the company intends to focus on early discovery research at the Cambridge office market site. It is anticipated that the facility will open at some...

Alexandria Real Estate Equities Expands Cambridge Ma Commercial Real Estate Market Footprint

Alexandria Real Estate Equities (NYSE: ARE) has announced that it will further expand its presence in the Cambridge Ma commercial real estate market. Alexandria will soon acquire and expand upon the Kendall Square campus. According to a regulatory filing, this mixed-use facility will be purchased from DivcoWest for $725 million. The deal equates to a whopping $1,124 per square foot. The site's sale carries an outstanding $203 million secured note payable at a 4.82 percent interest rate. This note payable matures in February of 2024. The acquisition further bolsters Alexandria's status as one of the area's most successful life sciences...

Good News For Landlords of Industrial Buildings For Sale in Massachusetts

The Massachusetts industrial market continues to gain steam through the second quarter of 2016, which is good news for owners of industrial buildings for sale in massachusetts. The quarter's net absorption rate is up to 1.27 million square feet. The greater Boston industrial real estate vacancy rate is a mere 8.7 percent. The fact that the Boston industrial market's vacancy rate has reached a 15-year low is a testament to the strong potency of the local economic rebound. Those who own industrial real estate in the greater Boston area are certainly benefiting from the considerable uptick in demand and general...