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  • American City Business Journals3 months ago

    BioMed Realty exec on why Kendall Square lab space is still in such demand

    Over the past few years as the Boston and Cambridge area has become recognized as the biotech hub of the world, Bill Kane has seen a change in the way the region talks about itself. Kane, head of BioMed Realty Trust’s New England properties, said the region — once content to simply tout its prominence in the sector — now seems to be touting the benefits of the sector locally. One thing that’s hasn’t changed, however, is the jockeying for space in Kendall Square.

  • American City Business Journals5 months ago

    German firm snaps up Boston’s Fiduciary Trust Building from Blackstone for $139M

    As part of an ongoing divestiture of Boston office assets, Blackstone Group LP has sold 175 Federal St., also known as the Fiduciary Trust Building, to a German real estate firm for $139 million. A Suffolk ...

  • American City Business Journals6 months ago

    Office space hasn't been this hard to find in Seattle for 15 years

    For most businesses, it hasn't been this hard to find office space in the Puget Sound region since 2001. It's made up of a handful of big companies looking for large blocks of space, say 50,000 square feet or more, primarily in new buildings. "There's the big-tenant market, and the market for everybody else." Rents are climbing fastest in the region's most expensive submarket: Lake Union in Seattle.