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January 31, 2023

This Week's Boston Deal Sheet

City Of Cambridge's Iram Farooq Discusses Where The Life Sciences Market In Cambridge Is Headed March 28
Life sciences developer IQHQ has proposed an office-to-lab conversion of a historic hotel and adjacent buildings in the Kenmore Square neighborhood.

This Week's Boston Deal Sheet

The California-based developer filed a letter of intent with the Boston Planning & Development Agency to turn three properties, including the Hotel Buckminster, into a 461K SF life sciences building, the Boston Business Journal reported. IQHQ plans to demolish the two buildings behind the hotel to make way for new construction.The Boston Preservation…

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Top Stories on Bisnow.com

National Office Occupancy Hits 50% For First Time Since Pandemic's Onset National Office Occupancy Hits 50% For First Time Since Pandemic's Onset
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Alexandria Acquires Waltham Property For $272M, Eyes New 'Mega Campus'

Alexandria Acquires Waltham Property For $272M, Eyes New 'Mega Campus'

Alexandria Real Estate Equities is considering building a new "mega campus" project in the Boston suburbs after acquiring an office and life sciences property.The life sciences REIT acquired 35 Gatehouse Drive in Waltham for $272M on Dec. 29, it revealed Monday in its fourth-quarter earnings report.The firm said that the deal "represents an opportunity to…

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HubSpot To Spend Up To $100M Consolidating Leases, Reducing Workforce

HubSpot To Spend Up To $100M Consolidating Leases, Reducing Workforce

Software company HubSpot has joined a growing roster of tech companies cutting office space due to difficult economic conditions.The firm expects to incur between $48M and $74M in financial hits due to its decision to consolidate leases, it said in a filing with the Securities and Exchange Commission on Tuesday. The cost reduction plan also includes…

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Measuring Diversity? ESG, DEI Push Has Companies Seeking Benchmarks

Measuring Diversity? ESG, DEI Push Has Companies Seeking Benchmarks   As more companies seek to advance and amplify diversity within their ranks, CRE associations are turning to familiar benchmarking tools similar to those the industry has used for years to quantify sustainability efforts. That's why in the last few months, new systems have come out seeking to measure progress and growth in diversity, equity and inclusion, but unlike green building, many nuances of diversity can't be easily counted or calculated.Even still, more of these programs are likely to crop up in the near future as companies try whatever they can to put a number on their diversity efforts, equity and inclusion consultant Melina Cordero said. “When you're asking for investment or you're making an investment in…

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