Karp, Buza, Hoar, Fallon, Fowler, Hynes & Menino Pivot on Vertex

Fan Pier Boston - Boston Harbor Walk - Seaport District Boston

Spurring Growth on Boston’s Waterfront By SUSAN DIESENHOUSE - Article Courtesy of:  New York Times BOSTON — When Vertex Pharmaceuticals agreed this year to move into an as-yet-unbuilt waterfront office complex, it made history as the city’s largest commercial lease at 1.1 million square feet, with a rent of $72.5 million a year. But more important for the city over all, the huge deal has spurred growth and eased the way for financing other projects. The Fallon Company is developing the $900 million office and laboratory complex for Vertex on Fan Pier, across Fort Point Channel a few blocks from downtown. Vertex, which is based in Cambridge, Mass., also has leased 60,000 square feet in One Marina Park Drive, an office building … [Read more...]

Boston Seaport District vs. Cambridge – BioPharma Defects to Waterfront

Biopharma Fan Pier Boston

Colliers: Boston lab market in 'transformative' year Boston’s biotechnology and laboratory property market is in the midst of a “transformative” year that has positioned the city as a formidable rival to neighboring Cambridge, long the location of choice among drug developers and researchers operating in Massachusetts. That’s according to a new report by Colliers International, which measured and parsed many of the local biotech community’s leasing trends and development activities since Jan. 1. While Cambridge still boasts the state’s largest cluster of lab and research space, its star has dimmed in recent months amid an aggressive — and, to date, successful — push by Boston officials and developers to bolster and reposition … [Read more...]

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