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, … Continue reading The Hype is Real – All Eyes Turn to the 20 Finalists for Amazon’s HQ2
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 … Continue reading From the Research Desk – Q4 Market Update: Boston’s Outlook Remains Positive
Christie & McGee Represent the seller & 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 … Continue reading NAI Hunneman’s Capital Markets Group Brokers $5 Million Multifamily Sale
North Team represents cab technology, inc., in office/flex transaction at Chelmsford location NAI Hunneman recently completed an 11,061 SF office/flex lease transaction with cab technology, inc., at 21 Alpha Road in Chelmsford, MA. The product and package marking equipment manufacturer is moving its operations from 87 Progress Ave in Tyngsboro. NAI Hunneman’s North Team of … Continue reading NAI Hunneman’s Leasing & Advisory Service Team Brokers 11,061 SF lease at 21 Alpha Road
Minnerly, Osvold & Hannigan represent landlord in full-building lease transaction at newly constructed warehouse/office building on Route 1 in Foxboro BOSTON, MA - NAI Hunneman recently completed a 53,700 SF lease with IDI Distributors at 45 Panas Road in Foxboro, MA. IDI is relocating from 1245 Providence Highway in Sharon to the newly constructed office/warehouse … Continue reading NAI Hunneman’s Leasing & Advisory Services Group completes 53,700 SF lease at 45 Panas Road
South Team represents Landlord in lease transaction within Myles Standish Industrial Park BOSTON, MA - NAI Hunneman recently completed a 111,656 SF lease with EMS Warehousing at 800 John Quincy Adams Road within Myles Standish Industrial Park in Taunton, MA. EMS is consolidating its operations from 135 Will Drive in Canton and 155 Myles Standish … Continue reading NAI Hunneman’s Leasing & Advisory Services Group completes 111,656 SF lease at 800 John Quincy Adams Road
This morning NAIOP Massachusetts hosted its annual Market Forecast. The expert panel presented to a packed-room of real estate professionals; covering topics related to the economy, local and national property markets as well as capital markets. While the organization’s mid-year roundup highlighted somewhat slower market conditions, this time around all of the panelists were resoundingly positive. Below … Continue reading NAI Hunneman Research Director Liz Berthelette Recaps NAIOP/SIOR Market Forecast
North Team of Gilkie, Boudrot, Allen & Sullivan represent landlord in 6,226 SF of transactions at Billerica office building NAI Hunneman recently completed three separate lease transactions totaling 6,226 SF at 6 Fortune Drive in Billerica. The transactions bring the first-class office building owned by Farley White Interests to 90% occupancy. A summary of the … Continue reading NAI Hunneman Leasing & Advisory Service Group Brokers three lease transactions at 6 Fortune Drive
Property management division awarded Class-A office assignment totaling 160,912 SF in Quincy, MA BOSTON—NAI Hunneman, a leading provider of commercial real estate services, was recently awarded the property management of 108 Myrtle Street, a 160,912 SF, Class-A office building located within Heritage Landing office park in North Quincy, MA. NAI Hunneman was hired by … Continue reading NAI Hunneman Wins New Property Management Assignment at 108 Myrtle Street
Minnerly & Osvold represent Pental Surfaces in new lease for first eastern U.S. location within Cabot Business Park in Mansfield NAI Hunneman recently completed a 68,373 SF lease transaction with Pental Surfaces at 50 Hampden Road in Mansfield, MA. The transaction is the first Massachusetts/Northeast location for the West Coast-based wholesale stone slab and tile … Continue reading NAI Hunneman’s Leasing & Advisory Service Team Brokers 68,373 SF industrial lease at 50 Hampden Road
This year, demand drivers impressed as both population and employment trends remained positive throughout New England’s largest metro areas. Greater Boston outperformed with the metro’s population base surpassing 4.8 million. The unemployment rate turned a corner in September after remaining elevated above 4% for several months, and expansions in the education, tech, and life science … Continue reading New from NAI Hunneman’s Research Department: Q3 Multifamily Report
Christie & McGee Represent the seller & procured the buyer in the disposition of a 24-unit apartment complex in Belmont BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $8,050,000 sale of 61-63 Moraine Street, a 24-unit apartment community located in Belmont, MA Executive Vice President Carl Christie and Assistant Vice … Continue reading NAI Hunneman’s Capital Markets Group Brokers $8.050 Million Multifamily Sale
Waverley Oaks Park in Waltham offers a wealth of onsite amenities, but one of the most appealing features for companies trying to attract talent is the broad range of fitness options that employees can take advantage of throughout the day. From the traditional gym environment, to hot yoga, to the latest craze of CrossFit, Waverley Oaks … Continue reading Staying active during the workday is not a concern at Waverley Oaks Park
While results were mixed in both the office and industrial markets, overall net absorption remained positive in the third quarter of 2017. Optimism continues to grow amidst corporate expansions, and Greater Boston is likely near the top of Amazon’s HQ2 shortlist. Vacancy in the industrial market remains near record lows and growing interest from … Continue reading New From NAI Hunneman’s Research Department: Q3 Metro Boston Market Report
Minnerly & Osvold represent landlord in a 7,200 SF lease that brings the Avon warehouse/distribution building to 100% occupancy BOSTON, MA - NAI Hunneman recently completed a 7,200 SF lease transaction with Level Solar at 40 Robbie Road in Avon, MA. The solar energy company is relocating from University Avenue in Westwood, and with the … Continue reading NAI Hunneman’s Leasing & Advisory Services Group completes lease-up of 40 Robbie Road
Minnerly, Osvold & Hannigan represent landlord in a new lease and a lease renewal at flex building in Norwood BOSTON, MA - NAI Hunneman recently completed two lease transactions totaling 19,100 SF at 346 Vanderbilt Avenue in Norwood, MA. Home automation technology company, NewBox Solutions LLC, based in Los Angeles, CA signed a 9,200 SF … Continue reading NAI Hunneman’s Leasing & Advisory Services Group completes 19,100 SF in lease transactions at 346 Vanderbilt Avenue
Yesterday NAIOP Massachusetts hosted a panel on Cambridge’s meteoric rise to the top of both local and national commercial real estate markets. While the discussion focused on the area’s burgeoning development pipeline, speakers also provided insight on what the future holds for Cambridge, urbanization trends and the potential for a Boston-based Amazon HQ2. Below are … Continue reading Cambridge – One of the Hottest Markets in the U.S.
The impact of Amazon’s planned purchase Whole Foods in the CRE world has been discussed at length over the past few months by numerous industry vets. You can find thoughts on what this deal could mean for the retail market from VTS, NREI, and Bisnow. Now that the FTC has given Amazon the official green … Continue reading Amazon and Whole Foods: A Logistics Play?
NAI Hunneman is pleased to release its Second Quarter Multifamily Report. This year, demand drivers impressed as both population and employment trends remained positive throughout New England’s largest metro areas. Greater Boston outperformed with the metro’s population base surpassing 4.8 million. While the unemployment rate has ticked up in recent months, expansions in the education, … Continue reading NAI Hunneman Releases Q2 Multifamily Report: Rents Remain Strong Despite Uptick in Supply
Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. Amazon’s Whole Foods Buy Could Transform Retail CRE - Nothing has disrupted retail real estate over the last decade, save the Great Recession, more than Amazon. (Source: VTS) Changing Retail Markets Are Forcing Landlords … Continue reading Weekly CRE Blog Roundup
By Liz Berthelette Preliminary April data from the Bureau of Labor Statistics (BLS) highlights a fourth-straight month of rising unemployment rates in Massachusetts. While the number of employed grew by more than 65,000 or 1.9% during the first fourth months of 2017, the labor force also rose at a steady clip. Comparing the Commonwealth to … Continue reading Local Unemployment Rates Rising. Should we be Concerned?
By Liz Berthelette This morning NAIOP Massachusetts hosted its annual Mid-Year Market Roundup. The expert panel presented to a packed-room of real estate professionals; covering topics related to the economy, local and national property markets as well as capital markets. A common theme throughout the presentation was “slower, but not slow.” Below are just some … Continue reading A Breakdown of NAIOP’s Mid-Year Market Roundup
Vice President with NAI Hunneman’s Appraisal & Consulting Group awarded MAI designation by The Appraisal Institute Boston – NAI Hunneman is pleased to announce that Christopher M. Walsh, MAI, an appraiser and Vice President has been awarded the Appraisal Institute’s prestigious MAI designation. Mr. Walsh has been a real estate appraiser and consultant in Greater … Continue reading Chris Walsh Receives MAI Designation
Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. 3 Ways Last-Mile Delivery is Impacting Local CRE Markets - Last-mile delivery is the process of getting a product to its final destination. (Source: NAI Global) 10 Tips to Choosing a Property Management Company … Continue reading Weekly CRE Blog Roundup
By Liz Berthelette - Director of Research East Boston boasts a major transportation hub (Logan International Airport), public transit access (the Blue Line), an eclectic mix of commercial users, plenty of highly-sought after industrial space (ripe for conversion) and water views. Sound familiar? Looking at the Seaport just 5-10 years ago; you’ll find a similar … Continue reading 5 Reasons Why East Boston Could be Boston’s Next Seaport
NAI Hunneman's Research Department is pleased to present its new multifamily market report for the Greater Boston area. The report provides information on both market-rate as well as affordable product, and covers the Greater Boston, Providence and Springfield/Worcester Metropolitan areas. Some of the report's highlights for Q1 include: Demand drivers impress as both population and … Continue reading New from our Research Department: NAI Hunneman’s Multifamily Market Report
Purchasing a commercial property can be challenging; sometimes requiring a significant amount of due diligence in a short period of time. During this truncated timeframe, the new buyers need to complete a detailed investigation of the property to determine whether or not they remain satisfied with the asset and all its systems before closing the … Continue reading Buying Commercial Real Estate? Here are 3 Advantages to Property Management’s Involvement in the Due Diligence Process.
Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. 4 Ways Everyone is Changing to Accommodate E-Commerce Demands - The e-commerce boom has definitely changed the way that many Americans do their shopping. (Source: NAI Global) Social Media Posting Best Practices for #CRE … Continue reading Weekly CRE Blog Roundup