Industrial Real Estate News
Industrial Sale Stats
Malden/Medford Submarket Year In Industrial Review
Burlington/Woburn Submarket Year In Industrial Review
Stanley Black & Decker Closes 2 Manufacturing Plants, Adds 357 Workers To List Of Layoffs
A shuffling of Stanley Black & Decker’s production and distribution network is expected to result in hundreds of layoffs as the company looks to temper the effects of an ongoing economic downturn.Read more
Commercial Real-Estate Woes Run Deeper Than in Past Downturns
Commercial real estate has experienced its share of busts in recent decades. This one is different.Read more
R. W. Holmes Leases 18,200-SF in Avon for Atlantic Management
WAYLAND, MA–R.W. Holmes, one of the largest commercial brokerage firms serving tenants and landlords in Massachusetts for more than 45 years, announced that it had negotiated a new 18,200-square-foot industrial lease at 284 Bodwell Street in Avon, MA.Read more
Prologis Beats Q1 Expectations By $120M On Rent, Occupancy Increases
Prologis grew its revenue again in the first quarter, beating analysts' expectations for the world's biggest industrial property company.Read more
Dude, Where’s My Truck? Parking Shortage Pushing Up Price For Big Rig Real Estate
In the U.S., 18-wheeler big rigs are synonymous with commerce, barreling down the country’s interstate system to deliver goods of all shapes and sizes to stores or straight to buyers’ doors. But while everyone is familiar with these hulking haulers, their role as a...
MBTA Pays $255M For Widett Circle Property Once Eyed For Olympic Stadium And Mixed-Use Development
Once envisioned as an Olympic stadium or a mixed-use gateway to Boston, the Widett Circle property has been purchased by the MBTA to be turned into a rail layover facility.Read more
Greater Boston industrial real estate remains bright spot amid turmoil
Warehouses may not be as red-hot as they were in 2021 and early 2022, but leasing activity remains robust in the region, according to the latest data.Read more
This Week’s Boston Deal Sheet
PGIM Real Estate provided a seven-year, $90M loan to retail redevelopment specialist Edens for two properties in Woburn and Burlington.Read more
Newton REIT Sells Hotel Portfolio for $137.3M
Newton-based Service Properties Trust sold a portfolio of Courtyard by Marriott and Residence Inn by Marriott hotels for $137.3 million to a joint venture.Read more
Industrial Sector Remains Undeterred Despite Economic Slowdown
Despite elevated levels of new supply coming online over the past few years, the continued demand for industrial space is keeping market fundamentals healthy across the U.S. The national average rent for in-place leases stood at $7.12 per square foot in February,...