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April 2, 2024

How Life Sciences Startups Have Changed Their Leasing Strategies

Keynote Announced: Lt. Gov. Kim Driscoll To Join Boston Higher Ed Development And Student Housing Summit April 3

Life sciences startups looking for real estate are entering a vastly different market than existed in 2022, and they have changed their leasing strategies as a result. 

Companies are more hesitant to leave incubator spaces and sign new leases, and they are delaying expansions and taking smaller spaces to preserve capital as funding has remained slow, industry experts said last week at Bisnow's Boston Life Sciences Conference at the Seaport Hotel.

How Life Sciences Startups Have Changed Their Leasing Strategies

"We've seen that people really want to extend their runway by staying within that [incubator] system as long as possible," LabCentral Chief Operating Officer Maggie O'Toole said. "The bottom line, when you boil it all down, it is more beneficial to stay in that incubator…

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This Week's Boston Deal Sheet

The developer of a Roxbury redevelopment project has abandoned plans to build multifamily housing due to the challenging financing markets. 

This Week's Boston Deal Sheet

Alexandra Partners LLC filed a notice with the Boston Planning & Development Agency last week saying it no longer wants to move forward with a residential redevelopment of the Alexandra Hotel at 1767-1769 Washington St. in Roxbury.Instead, the developer wants to revert back to its initial pre-pandemic proposal for a 150-room boutique hotel.In…

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Synergy Buys 21-Story Boston Tower, City's Largest Office Building Sold Since 2019

Synergy Buys 21-Story Boston Tower, City's Largest Office Building Sold Since 2019

Synergy Investments purchased a 21-story Downtown Crossing office tower, the largest commercial property to sell in Boston since before the pandemic. The Boston-based developer, which has made a string of recent acquisitions, bought the building at 101 Arch St. for $78M from an entity linked to 

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Everyone 'Knows' Elections Impact CRE. But Does The Data Back It Up?

Everyone 'Knows' Elections Impact CRE. But Does The Data Back It Up?  

To borrow from satirical novelist Jane Austen's most celebrated opening line, it is a truth universally acknowledged that a commercial real estate investor must beware of election years.

With the 2024 presidential matchup mere months away, anecdotal evidence suggests the industry is clinging hard to that mantra, mostly predicated on a longstanding belief that election seasons can be precarious times to buy, sell or lease. The subject has come up repeatedly at Bisnow events, and even EY warns that “the elections will have an impact on real estate investment.”

But whether the results of an election have a material impact on portfolio performance is little understood and not backed up by the numbers, making any assumption about linkages precarious. In an era of extreme partisanship, basing investment decisions on politics is risky business, prompting experts to warn against the influence of bias as election rhetoric heats up. 

“Investing on emotion is a bad idea,” Nationwide Financial Chief of Investment Research Mark Hackett said. “Investing on political emotion is potentially catastrophic.” Data suggests that uncertainty around elections tends to have a negligible effect on commercial property transactions, with little to no impact on the volume of leases or…

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