Monthly Archives: November 2013

Spotlight on innovation: Nuance

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Jones Lang LaSalle works with a number of leading technology companies creating some of the most innovative workspace in Cambridge.

Recently, JLL represented Central Plaza at 675 Mass. Ave. Cambridge owner Intercontinental Real Estate Corp. on a 30,000 s.f. lease to Nuance, the company that develops Dragon speech-recognition software. Jones Lang LaSalle Construction just completed the fit-out… Read More

Categories: Projects, Topics.

“Suburbanization” – a clear driver for spec development

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The suburbs are in a sustained cycle of real estate activity. The Class A occupancy rate of 86.4% has hit pre-recession peak levels. At NAIOP/SIOR’s recent Annual Market Forecast, JLL’s Alex Dauria said that supply simply isn’t keeping up with tenant demand for large blocks of space. He predicted that the suburbs could see spec construction by 2014.

Alex said that Boston is the… Read More

Categories: Events, Insights, Topics.

What the future of the energy industry means for real estate

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As the U.S. emerges as a leader in the world’s energy market, an increased demand for real estate follows, according to JLL Research team’s Energy Outlook Report. Over the next couple of decades, the U.S. energy industry will drive employment gains, the reindustrialization of the economy and the migration of workers and income growth. This economic impact will not only be felt by those directly in the energy industry, but also by the numerous… Read More

Categories: Insights, News, Topics.

Congratulations to the 2013 BOMA Award winners

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BOMA Logo 343JLL’s Property Management group was well represented recently at the 2013 BOMA Boston Industry & TOBY Awards which recognizes the best and the brightest in property management, building operations and service.  Our colleagues took home the following awards:

 

Executive Engineer of the Year:  Rob Albert
Property Manager of the Year Low-Rise: Charleen Taylor, Westborough Executive Park
Scholarship Award Recipient:
Kendra Hart
Building of the
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Categories: Events, News, People, Topics.

Boston hotel market booming

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Boston Convention Center hotels — Aloft & Element

Hotels in Boston are hopping and the city has been pushed to capacity.

A recent article in the Boston Globe reports that “Hotels in Boston are already stretched to capacity in October, with convention-goers, leaf peepers and Head of the Charles fans… Read More

Riding the residential wave

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Travis D’Amato with Sue Hawkes and Leslie Cohen

Boston is experiencing an unprecedented multifamily development boom. At a recent NAIOP program entitled “The Residential Rise,” a panel of experts including Travis D’Amato of JLL’s Capital Markets group focused on this growth in the apartment and condo markets.Travis answered two key questions: Will the current surge in supply be absorbed? And who… Read More

Categories: Events, Insights, Topics.

Boston’s rapid rent growth

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Lori Mabardi headshotWhere are we in the recovery? According to JLL Research, direct asking rents in Greater Boston and the CBD are recovering since the recession. While the city is recovering faster, rents in both markets remain off peak.

In an exclusive article for GlobeSt.com entitled “On the Heels of Boston’s Rapid Rent Growth,” New England Research Director… Read More

Categories: News, Topics.

Mayor Menino honored at NAIOP Gala

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NAIOPlogoForBostonBlogonGalaNov9PM,2013NAIOP’s annual Distinguished Real Estate Awards Gala drew a sold out crowd to the Seaport, a fitting backdrop to honor Mayor Menino with a special Excellence in Public Leadership Award. The transformation of the district into a booming business center will be one of his greatest legacies.

The event was held two days after the election that gave Boston a new mayor for the… Read More

Categories: Events, Topics.

Survey points to expansion

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RealReporterLogoBestforRRprtrEtAlNov5PM,2013As part of our Q3 market research efforts, the JLL Research team recently surveyed a wide range of companies in Greater Boston on their office space plans. Thirty-seven percent of those firms that responded told us that they expect to expand their occupancy in the near future.

These expectations are in line with an increase in office space demand being experienced throughout most of Greater Boston. “I… Read More

Categories: Insights, News, Topics.

20 years of “Living United”

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Live unitedLast Thursday marked the 20th anniversary of the United Way’s Annual Real Estate and Building Industry Leadership Breakfast. 

This year’s event drew 1,200 bleary-eyed attendees on the morning after the Sox won the World Series. It featured a keynote address by outgoing BRA Director Peter Meade. Real estate leaders Ron Druker and Tom Hynes sat down… Read More