Monthly Archives: July 2014

Mobile workers of the world disunite

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From Bob Best, Executive Vice PresidentFrom Bob Best Executive Vice President  

The idea that what you do is more important than where you do it is more widespread than you might think.I just read a report from IDC that by 2015 over 1 billion workers (over 1/3 of all workers) will be mobile, the fastest growing segment of the worker population.

No wonder. The average commute… Read More

Uncharted territory for Boston

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Mabardi_Lori_Casual_blogFrom Lori Mabardi Director, New England Research   

Greater Boston is in unchartered territory in economic growth and it is an exciting time to be a resident, business owner or investor.

In May, employment hit an all-time peak with more people now employed in the region than at any other point in history. Unemployment rates have hit a multi-year low.

Population growth from 2010 to 2013 was 4.6… Read More

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Developers reinvent the suburbs

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Network Drive Burlington

 

Owners and developers from across the region are reinventing the suburban office park.

The trend according to The Boston Globe is driven by two things. Property owners need to reimagine older buildings. And they must meet increasing competition from Boston, Cambridge, and nearby urban centers.

JLL Research reports that along… Read More

Downtown by foot

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NAIOPWalkingTourElisifPic1ForBB 20140723_164515 July24PM,2014

NAIOP’s guided tour through Downtown gave colleagues and industry professionals an up close and personal look at Boston’s newest projects.

The event began with remarks by Boston Chief of Economic Development John Barros. He encouraging the real estate community to look beyond the deals. Barros said that “it’s important to connect the dots between an active streetscape, employment, and affordable housing.”

Steve Faber of Related Beal… Read More

A new paradigm for energy

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JLL's Bob Best, Energy and Sustainability Services

From Bob Best
Executive Vice President

I recently saw a wonderful presentation on the new Joint Center for Energy Storage Research (JCESR) by its director George Crabtree.

Since the ability to efficiently store electric power opens so many doors for using alternative energies, it’s about time we pulled together our best minds and organizations to tackle the problem in… Read More

Strong fundamentals drive local economy

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Strope20140312-0024From Lisa Strope
New England Research Manager

At the end of the second quarter of 2014, strong fundamentals continue to push the Greater Boston economy.

JLL Research reports that leasing activity was strong and diversified in the second quarter across Boston and core submarkets. Sublease space made up a large portion of the absorption story with over 250,000 square feet of occupancy gains, resulting in… Read More

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Lenders bullish on Boston

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From Heather Brown
Senior Vice President

The debt markets continued to thrive in the first half of 2014, with new lenders entering the space and existing lenders looking for opportunities to distinguish themselves from the pack. This is providing an attractive lending environment for investors, driving rates downward as spreads tighten and the indices remain relatively flat year over year.

Lenders are particularly bullish on Boston, attracted… Read More

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45 Milk gets a makeover

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As exclusive leasing agent, property manager and construction manager for 45 Milk Street, a year-long capital improvements program has just been completed. The dramatic nine-story Beaux Arts style mid-rise is located in the heart of downtown Boston and the project, by JLL Construction, included a renovation of the two-story lobby and select interior spaces.

Built in 1893 for the… Read More

Categories: Topics.

Entegris’ i2M Center for Advanced Materials Science facility complete

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JLL Construction has completed a new 80,000 square foot R&D and manufacturing center for Entegris, a Billerica-based supplier to the microelectronics industry, in Bedford, MA.

 

The $30 million i2M Center for Advanced Materials Science is one of New England’s leading R&D and manufacturing center’s for filtration media, electrostatic clamps (E-Chucks), and proprietary advanced, low-temperature coatings. These technologies are needed to develop critical components used in the world’s most demanding and stringent semiconductor manufacturing… Read More

Categories: News, Projects.

Jim Tierney on Boston’s future

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Tierney_Jim_Color_Casual_HiRes_2New England Market Director Jim Tierney shared his thoughts on experience and urbanization.

Q: How did your experience as Chief of Staff at the BRA, and as a practicing attorney, prepare you for this challenge?

A: My career before JLL involved balancing many competing demands for time and attention. I’ve also juggled multiple priorities related to clients as well as business operations. Whether it… Read More

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