BOSTON—The aforementioned Cambridge market is “essentially full” according to Colliers, Boston. The overall vacancy rate in this biotech hub is 2.9% with the office component posting a 4.2% vacancy rate and the laboratory sector showing a 1.8% vacancy.
EAST CAMBRIDGE, MA—The New York City-based real estate investment management firm acquired 245 First St. from Jamestown on behalf of a co-mingled fund managed by the firm.
NEW YORK CITY—The RPA lease totals 9,135 square feet and involves space on a portion of the 16th floor of the 23-story, 405,000 square-foot building. The office tower, which occupies the full block front on Whitehall Street between Stone and Bridge streets, is 99% occupied.
BOSTON—The proposed project, to be built on a nearly 28-are site in Charlestown, calls for the replacement of 1,100 units of public housing and the development of 2,100 new units.
YONKERS, NY—The projects include two multifamily buildings—with one being developed by Avalon Bay—an office build-out and a new sales area for an auto retailer.
BOSTON—Campanelli and private equity firm TriGate Capital of Dallas reports that Moderna signed a 15-year lease for the entire building at One Upland Road (100 Tech Drive).
NEW YORK CITY—All three attorneys head to the firm from Jones Day, where two were partners for eight years and another served in that role for nine months after working as an associate for over seven years.
WALTHAM, MA—In a deal valued at $14 million, Taurus sold 150 Bear Hill Road, 335 Bear Hill Road and 300 Second Ave. The three buildings located in the suburban Route 128 central corridor total 65,200 square feet of office, laboratory, and research and development space and are nearly fully leased.