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November 9, 2021

'We Do Not Need, Nor Want, Another Kendall Square': Residents Back Alewife Office And Lab Moratorium

Industrious discusses the rapid evolution of the coworking space Nov. 18

The Cambridge City Council Monday evening tabled a discussion on a temporary ban on office and lab projects in Alewife, but not before a dozen local residents voiced support for the moratorium.

City officials last week presented the zoning order in response to REIT Healthpeak Properties’ $625M area spending spree in its play for a 36-acre life sciences campus.

'We Do Not Need, Nor Want, Another Kendall Square': Residents Back Alewife Office And Lab Moratorium

The order would bar office and lab uses in the neighborhood for approximately two years until 2024 — or earlier, if the city updates the neighborhood’s zoning, which currently allows residential, business and light industrial uses.“We do not need, nor want, another Kendall Square,” Cambridge resident Ann Tennis said during the Monday…

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SimpliSafe Upgrades To 150K SF In Financial District Relocation

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Security systems maker SimpliSafe is more than doubling the size of its current headquarters with a new Financial District lease.SimpliSafe signed a 150K SF lease at Rockpoint Group’s 100 Summer St. tower and will move into the space next fall, the company announced Monday. It is…

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Affordable Housing Assets Are Less Affordable As The Market Surges

The multifamily market exploded in 2021 with record-high values and deal volume, as investors chased properties both large and small. Affordable housing properties are also enjoying booming investment.

Affordable Housing Assets Are Less Affordable As The Market Surges

“Years ago you would have never purchased an affordable housing asset at a 5 cap rate, a 4 cap rate,” WinnCos. CEO Gilbert Winn said last week in Boston during Bisnow’s Future of New England Multifamily event. “We’re occasionally…

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Cambridge Biotech Leases 89K SF Across Town At Alexandria Project

Cambridge Biotech Leases 89K SF Across Town At Alexandria Project  

A Cambridge biotechnology company will move into 89K SF at Alexandria Real Estate Equities’ latest East Cambridge project.

Omega Therapeutics, a publicly traded firm researching mRNA-oriented medicines, will begin its lease next December, according to a Securities and Exchange Commission filing. The biotech will pay $115 per SF with 3% annual increases over the course of a 15-year lease ending in 2037. Representatives for Omega and…

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Infrastructure Bill Poised To Push 'Significant' Dollars Into U.S. Data Centers

There may only be a single direct reference to data centers in the $1.2 trillion infrastructure bill passed by Congress Friday, but industry insiders tell Bisnow the legislation will have wide-ranging impacts on data center development for years to come. 

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