Yearly Archives: 2015

A look back at our top 10 stories of 2015

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As 2015 draws to a close, we thought it would be a great time to look back on the year that was and highlight 10 of our best stories from the past twelve months. We hope you have a happy and healthy New Year and look forward to continued success in 2016. Without further ado, here are our top 10 stories of 2015:… Read More

Reflecting on a memorable year

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Tierney_Jim_Color_Casual_HiRes_2From Jim Tierney
New England Market Director

2015 has been one of the most exciting years ever for the local commercial real estate market. From technology to life sciences, legal services, healthcare, banking and more, a diverse array of industries are thriving in our region. In fact, no one sector has represented more than 21% of the leasing activity in Greater Boston this year,… Read More

The urbanization of the suburbs: What matters, who’s doing it right, and what the future holds

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From Chris Decembrele
Senior Vice President

Work is no longer just a 9-5. It’s not in Kendall Square, and it’s not in many thriving suburban markets. In fact, in the suburbs, amenities have become king, as landlords look to differentiate their park from the pack and establish a true “work, play, stay” setting. Particularly in markets like Burlington and Waltham, this has been a… Read More

Community Connections: Room to Grow

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It’s always great to give back and that’s just what several members of our JLL family did this past Friday afternoon at Room to Grow. The organization, founded in NYC in 1998 and established in Boston in 2004, is dedicated to enriching the lives of babies born into poverty throughout their critical first three years of development.

The unique program, which begins in a parent’s third trimester and lasts until their child… Read More

Shining a spotlight on 2015’s most outstanding JLLers

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JLL is proud and excited to announce the winners of the 2015 Spotlight Awards for the New England region. These awards are given to deserving team members throughout the firm to recognize their exceptional talent, commitment, teamwork, and effort. Our success correlates directly to the strength of our people, and given the extensive list of deserving nominees, it is clear that we are poised for even greater success in 2016.

2015 market “as good as it’s ever been,” but what’s in store for 2016?

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Speaking at a recent NAIOP conference, JLL Capital Markets Managing Director Frank Petz characterized the current market as “heated, with no sign of cooling down.” Among the highlights, current pricing is way above the prior peak in 2007, for both Class A and Class B properties. On top of that, multifamily in particular is having a record year for Boston sales volume, far outpacing its previous high in 2007.

Boston & Cambridge remain hotbeds for high-tech tenants despite rising costs

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strope_blogFrom Lisa Strope
New England Research Manager

The best way to sum up the current Greater Boston high-tech market is high cost, high opportunity, and that’s just where the region lands in JLL’s latest 2015 Technology Office Outlook.

Along with markets like San Francisco, Silicon Valley, and New York City, the Greater Boston area presents clear startup opportunity thanks to existing tech clusters, greater… Read More

JLL Property Management team wins big at BOMA TOBY Awards

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toby banner 2015On Thursday, November 19th, BOMA Boston hosted its annual TOBY award ceremony at the Westin Copley.  The Outstanding Building of the Year (TOBY) awards are the most prestigious and comprehensive awards of their kind in commercial real estate.  All facets of buildings operations are evaluated as part of the judging process – from… Read More

Affordability and access driving multifamily opportunities in Boston’s outer urban areas

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travis2From Travis D’Amato
Managing Director, Capital Markets

There’s a new trend developing in the Greater Boston multifamily investment sales market, and it’s the migration towards what we like to call outer urban. Renters and investors alike are flocking to metro north towns like Everett, Medford, Chelsea and Revere, which present excellent access to the urban core at a discount to downtown pricing.

From the resident’s… Read More

Office space constraints mean law firms need to prepare for the future

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strope_blogFrom Lisa Strope
New England Research Manager

JLL’s 2015 Law Firm Perspective has been released, and it reveals that competition for commercial office space in Boston’s legal sector is intensifying, with vacancy in the highly sought after Financial District its lowest since 2009.

This is forcing law firms to look elsewhere, namely the Seaport and the Back Bay. 888 Boylston Street is expected to deliver… Read More