NEW YORK CITY—A new research report predicting the outcome of the third quarter forecasts increases on both metrics in the wake of increased development and improved labor market conditions.
BOSTON—DrugDev, a growing global clinical trials technology and management health care solutions company, is relocating its operations from Newton to 16,437 square feet of space at 25 Thompson Place in Boston's Innovation District.
NEW YORK CITY—K2 Intelligence, an international risk analytics consulting firm and the current employer of former NYPD commissioner Ray Kelly, has expanded its presence at the Midtown East office building.
BOSTON—The Brookline partnership states in documents with the BRA that it hopes to commence construction in the first quarter of 2017 and complete work on the project by the third quarter of 2019.
BOSTON—The Greater Boston lab market, which totals 19.9 million square feet, posted its lowest availability on record at the mid-point of this year at just 4.7%, according to brokerage firm Transwestern | RBJ.
NEW YORK CITY—The draft scope of work for an environmental impact statement on the “Greater East Midtown Rezoning” proposal calls for zoning changes that would allow the tallest new buildings in Midtown East to be developed near Grand Central Terminal.
BOSTON—The Greater Boston Association of Realtors and the Massachusetts Association of Realtors issued sales reports for the month of July that pointed to lower home sales volume and for-sale inventory, while modest increases in the median price for a home, both in Greater Boston and statewide.
NEW YORK CITY—
The borough of Queens enjoyed an extremely active month in June paced by Related Cos.' purchase of a 444-unit Section 8 multifamily portfolio in Astoria for $121 million, or $363-per-square foot.
BOSTON—Pogorelc hopes to begin demolition of the existing buildings at the nearly five-acre-site in the next two to three months, with construction on the project itself beginning two to three months after demolition work is completed.