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April 22, 2021

Alexandria Closes On Purchase Of Suburban Boston Mall For $130M

[Digital Summit] CUBE 3, Mass Housing & DSF Group talk drivers of change in the suburban office and lab market May 26

Life sciences developer Alexandria Real Estate Equities continues to hunt for real estate assets it can turn into lab developments, and its latest acquisition shows how creative it is willing to be.

Alexandria Closes On Purchase Of Suburban Boston Mall For $130M

Alexandria paid $130M to acquire Watertown Mall at 550 Arsenal St. in a deal that closed Wednesday, Middlesex County land records show. The mall, anchored by a Best Buy and a Target, was sold by Watertown Mall Associates Limited Partnership, which was represented in the transaction by New York real…

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Boston Has Most Apartment Buildings With High Vacancy, Report Shows

Boston Has Most Apartment Buildings With High Vacancy, Report Shows

Boston’s multifamily market is showing significant signs of stress, and it is leading the nation in an ominous metric that shows that stress could soon turn into distress.More than 28% of Boston apartment properties sit at less than 80% occupied, a new Trepp report shows, well above the national…

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Healthtech Firm Imprivata Agrees To Move To 75K SF Waltham Office

Healthtech Firm Imprivata Agrees To Move To 75K SF Waltham Office  

Boston Properties has landed one of the biggest office leases of the year in Greater Boston's office market. Lexington-based Imprivata, a healthcare technology company, is moving its headquarters to 75K SF at 20 CityPoint in Waltham, Boston Properties announced Tuesday. The deal brings the 211K SF…

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Creating The Tree-Lined Outdoor Spaces Tenants Want Is No Walk In The Park

Demand for greener, wilder spaces in cities has risen in lockstep with greater environmental awareness, increasingly translating into commercial developments with landscaped outdoor areas that provide habitat for humans and other species alike.

However, crafting such biologically diverse areas involves intelligent design that considers a multitude of factors, including ways to keep potentially costly landscape inputs in check and changing environmental conditions that threaten the flourishing of trees.

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The Innovators: Clayco Executive Chairman Bob Clark

 

Clayco is one of the nation's design-build giants, undertaking commercial and residential building projects nationwide for the likes of Amazon, Illinois' Cook County, Kohl's, Pfizer, Penn State University, Zurich and the University of Chicago Medical Center. Even during the coronavirus pandemic in 2020, the company took in $4.8B in revenue and had about 2,000 employees.

Innovation of one kind or another has enabled the company to grow from humble origins, according to Executive Chairman Bob Clark, who founded Clayco in 1984 when he was 25 years old.

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