Tag Archives: boston

Workplace Lease Up (September 11) PTC Sets Sail for Boston'' s Seaport District with 250,000-SF HQ Lease

Wrap-Up of Largest Reported Workplace Leases Include Offers by Western Union, United Health care, Zymergen, McCain Foods and more

PTC (NYSE: PTC) is visited Boston’s Seaport District after the leading worldwide tech firm settled a deal with Skanska< a href=" http://www.costar.com/News/Article/PTC-Sets-Sail-for-Bostons-Seaport-District-with-250000-SF-HQ-Lease/194008" target =” _ blank “> to occupy 250,000 square feet at 121 Seaport Blvd. for its

home office. The computer system software and services company will move more than 1,000 employees from its Needham, MA offices to the leading half of 121 Seaport, a 421,320-square-foot, 17-story, elliptical-shaped tower that began in mid-2015 and has been lauded for its special style and sustainability functions.

The very first renter to sign on at the project, PTC accepted an 18-year lease that is scheduled to begin January 1, 2019 and run through June 30, 2037. Representatives with Cresa negotiated the lease on behalf of PTC, while Newmark Knight Frank handled negotiations for Skanska. By Sean Matthews

Western Union Leases 246,500 SF at Belleview Station for New Corporate HQ

Western Union (NYSE: MU) has finished a handle Prime West Cos. to relocate its corporate headquarters to 246,500 square feet at One Belleview Station in Denver. The American monetary services and interactions business will move next November from Meridian, CO to the leading eight floors and the sixth floor of the 15-story, 318,000-square-foot One Belleview building, which provided this past April at 7001 E. Belleview Ave. in the Denver Tech Center. Ryan Stout and Nate Bradley of Cushman & Wakefield represented Prime West Cos. in negotiations. By Raul Lozoya United Health care Leases 93,000 SF in The Corridors

Among the biggest handled healthcare companies in the United States has reached an offer to lease 92,727 square feet within The Passages workplace park in Downers Grove, IL. Minnetonka, MN-based United HealthCare( NYSE: UNH) will occupy theuninhabited 3rd, fourth and 5th floorings of Corridors Two, a 149,896-square-foot, five-story office building completed in 1999 at 2655 Warrenville Rd. in west Chicago’s Eastern East/West Passage. The company is set up to take tenancy of its new space in February 2018.

Fred Ishler and Joe Stevens of Transwestern represented SoundView in settlements, while Robert Sevim of Savills Studley represented the occupant in this transaction. By Rita Iseghohi

Biotech Start-up Zymergen Expanding Within Emery Bay Offices, Leases 83,000-SF Bay Center B.

Zymergen, a genes biotech business, is broadening its footprint within the Emery Bay Workplaces park in Emeryville, CA after inking a deal to completely inhabit the 83,620-square-foot office complex at 6455 Christie Ave.

The Bay Area start-up, which late in 2015 protected $130 million in Series B financing from Softbank, will completely occupy Building B presently the home of Novartis Vaccines & & Diagnostics. Inning accordance with CoStar information, Zymergen is expected to take occupancy of its brand-new space in early 2019.

Newmark Cornish & & Carey handled settlements on behalf of Zymergen. Aileen Dolby and Ken Meyersieck of Colliers International represented the landlords, a joint venture comprised of Harvest Residences and Principle Real Estate Investors. By John Walz

McCain Foods Signs 67,422-SF Lease at Oakbrook Terrace Tower.

McCain Foods, a frozen food maker,
signed a 15-year lease for 67,422 square feet in the Oakbrook Terrace Tower at 1 Tower Ln. in Oakbrook, IL.

The 31-story office complex totals 792,192 square feet in Chicago’s Eastern East/West Corridor submarket. Established by The Beitler Co. in 1987, the property is currently owned by The Blackstone Group, which got the Class A structure in 2015 as part of a $3.3 billion portfolio acquisition.

John Ziesmer of Avison Young represented McCain Foods in lease settlements, while John Clark, Rob Lundin and John Norris of Newmark Knight Frank represented ownership. By Christopher Pressley

Torre Lazur McCann Leases 65,000 SF in Parsippany.

Torre Lazur McCann, a healthcare communications firm,
< a href =" http://www.costar.com/News/Article/Torre-Lazur-McCann-Leases-65000-SF-in-Parsippany/193728" target=" _ blank" > rented 65,000 square feet of workplace at 3 Sylvan Method Parsippany, NJ.

The three-story building overalls 158,011 square feet in the Mack-Cali Service Campus. Integrated in 1988, the residential or commercial property was offered to the Mack-Cali Real estate Corporation in 2015, which finished remodelling on the building earlier this year.

David Stifelman and Chris Conklin of JLL represented the proprietor. By Antonio Ferguson

Bank of America Expands Footprint at Century Plaza in San Jose.

Bank of America (NYSE: BAC) has settled a deal with Grosvenor Americas to combine and expand its operations into more than 60,000 square feet within Century Plaza in San Jose, CA. The Charlotte-based international banking and monetary services organization has run its local head office from Century Plaza II for the last 14 years. The corporation, which over the last 2 years has revealed plans for comparable debt consolidations, will broaden from the first floor into the 3rd, 5th and 6th floorings on an offer that is arranged to start in November. Chris Gow and Anthony Guglielmi of JLL represented Bank of America in settlements, while Erik Hallgrimson and Steve Horton of Cushman & Wakefield

brokered the lease for Grosvenor. By John Walz Delta Dental Filling 43,000 SF at 560 Mission for New HQ. A little more than a month after consenting to & a different 82,000-square-foot lease in downtown Oakland, Delta Dental has signed a seven-year lease for 43,400 square feet at the J.P. Morgan Chase tower in San Francisco’s South Financial District where the oral benefits insurance company will move its corporate headquarters. For the last Thirty Years Delta Dental has actually been locateded across the street at 100 First St. That will change in mid-2018 when the business moves its head workplaces to the 12th and 13th floors of the 684,321-square-foot, 31-story tower at 560 Objective St. Mark McGranahan of Cushman & Wakefield represented the tenant; while Thomas Poggi and Angus Scott of CBRE represented ownership. By Eric Kies CBS Radio Broadcasts 28,000-SF Renewal at Colony Square. CBS Radio aired some news of its own after consenting to a long-lasting lease renewal for its 28,000-square-foot space at 400 Colony Square
in Midtown Atlanta. The lease precedes a comprehensive renovation effort slated to start this fall at Colony Square, a mixed-use advancement situated at the corner of Peachtree and 14th Streets that consists of 720,000 square feet of office space, residential apartments, the 467-room W Atlanta Midtown and the 163,000-square-foot The Square at Nest retail center. Andy Sumlin, Sonia Winfield and Laura Power of Cushman & Wakefield brokered the lease on behalf of ownership, a joint venture comprised of North American Residences and Lionstone Investments. Sam Hollis and Ken Ashley, likewise of Cushman & Wakefield, represented CBS Radio.

By Natalie Silady Sterling Bay Indications Very first Occupant at Fulton Market District Project. Chicago-based realty investment and advancement business Sterling Bay has secured its first occupant at the business’s 210 N. Carpenter task in Chicago’s Fulton Market District. Leopardo Cos., among the biggest construction companies in the United States, will relocate its Chicago workplace from 333 W. Wacker Dr. to 24,000 square feet at the 12-story, 200,000-square-foot office building Sterling Bay is establishing just west of I-90/ I-94 and the CTA-Morgan station. Not just is Leopardo the very first tenant to sign on at the project, the company has likewise been contracted to build 210 N. Carpenter with the ground-breaking having occurred earlier this month. Leopardo anticipates to relocate to its expanded area following the building’s conclusion in fall 2018. Renae Bradshaw, Eric Feinberg and Robert Sevim of Savills Studley represented Leopardo in settlements. By Abisola Osho Consuming Recovery Center Signs 11-Year Lease at One East Erie. Eating Recovery Center, a health company known for focusing on supplying extensive eating condition treatments for people, leased 22,891 square feet in the One East Erie tower at 1 E. Erie St. in Chicago. The 51-story high-rise totals 1,259,220 square feet near Chicago & State Park, Water Tower Park and Connors Park in Chicago’s North Michigan Opportunity submarket. Jordan Decker and Liz Osborne of Cushman & Wakefield represented Consuming Healing Center. Barbara Schenberg, Teddy Walsh and Jack McKinney, likewise of Cushman & Wakefield, represented owners DRA Advisors and M&J Wilkow. By Antonio Wood Cooperative credit union National Association Inks Deal

in Navy Backyard. The Cooperative credit union National Association, the largest trade association in the United States that serves the United States’ credit unions, signed a lease to inhabit the entire third flooring at Skanska’s 99 M St. SE building set up to provide this March. Occupying 22,143 square feet, the company will join PYXERA Global and CIRCA as occupants in the new 234,000-square-foot, 11-story
building SCD Acquisitions is developing one block north of Nationals Park and one block west of the Navy Lawn City Station. Lincoln Home Co.’s John Marvin Jones, Elaine Clancy, Adam Biberaj and Doug McLearn represented Skanska in this deal. By Michael Harvey WGL Energy Takes Ninth Flooring in Westwood City Tower. WGL Energy, a varied energy company offering gas and electrical services, leased an extra 19,464 square feet in the Class An office complex at 8614 Westwood Center Dr. in Vienna, VA. The company will expand from its top floor space on to the

ninth floor starting January 1, 2018. Spencer Stouffer and Caroline Collins of Cushman & Wakefield represented the proprietors, MRP Real estate and Rockpoint Group, in negotiations. By Julianne Kapelka Firley, Moran, Freer & Eassa CPA, PC Takes 18,000 SF at Barclay Damon Tower in Downtown Syracuse. Firley, Moran, Freer & Eassa Certified Public Accountant, PC has signed a lease to relocate its area workplaces to 18,767 square feet within Barclay Damon Tower in downtown Syracuse.

A leading licensed public accounting firm in Upstate & New York, Firley, Moran, Freer & Eassa CPA, PC will shift its offices from 5010 Campuswood Dr. in East Syracuse’s Leader Park to the entire 7th and a part of the ninth floor of Barclay Damon Tower, a 14-story &, 130,000-square-foot high-rise finished in 1972 at 125 E. Jefferson St. Mike Durkin of CBD Brokerage represented both the property manager and renter. By Phil Dawit NPD Group Leases 18,000 SF at 31 Penn Plaza. NPD Group, Inc., a global market research firm, leased 17,712 square feet at 132 W. 31st St. & in New york city City. Adam McCostlin, Chris Wood, David Mainthow, Jonathan Schindler and Aron Schreier of Cushman & Wakefield represented NPD in lease negotiations. Matt Astrachan, Mitch Konsker and Adam Haber of JLL represented the proprietor, Vanbarton Group. By Alex Ern Knotel Leases 18,000 SF in Times Square. Knotel, Inc., a shared workplace service provider,< a href =" http://www.costar.com/News/Article/Knotel-Leases-18000-SF-in-Times-Square/193962 ” target =” _ blank” > signed a lease for 17,560 square feet at the

9 Times Square office building situated at 200 W. 41st St. in New York City. David Falk, Eric & Cagner, Jason Greenstein and Matthew Siegel of Newmark Knight Frank represented the property owner. Gabriel Marans of Savills Studley represented the tenant. By Andrea Quach

Thousands march through Boston week after Virginia bloodshed

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Michael Dwyer/ Associated Press A counterprotester, left, confronts a professed advocate of President Donald Trump at a “Free Speech” rally by conservative activists on Boston Common, Saturday, Aug. 19, 2017, in Boston. Thousands of leftist counterprotesters marched through downtown Boston on Saturday, chanting anti-Nazi mottos and waving indications condemning white nationalism ahead of a rally being staged by conservative activists a week after a Virginia presentation turned deadly.

Saturday, Aug. 19, 2017|10 a.m.

BOSTON– Thousands of leftist counterprotesters marched through downtown Boston on Saturday, chanting anti-Nazi mottos and waving indications condemning white nationalism as conservative activists rallied a week after a Virginia demonstration turned fatal.

Authorities Commissioner William Evans stated Friday that 500 officers– some in uniform, others undercover– were deployed to keep the two groups apart Saturday. Boston’s Democratic mayor, Marty Walsh, and Massachusetts’ Republican guv, Charlie Baker, both cautioned that extremist discontent wouldn’t be tolerated in this city famed as the cradle of American liberty.

Organizers of the midday occasion, billed as a “Free Speech Rally,” have publicly distanced themselves from the neo-Nazis, white supremacists and others who fomented violence in Charlottesville on Aug. 12. A lady was killed at that Join the Right rally, and scores of others were injured, when a car raked into counterdemonstrators.

However opponents feared that white nationalists may show up in Boston anyway, raising the specter of awful confrontations in the very first possibly large and racially charged gathering in a major U.S. city because Charlottesville.

Occasions are planned around the country, in cities including Atlanta, Dallas and New Orleans.

Walsh welcomed counterprotesters Saturday morning outside Reggie Lewis Center in the city’s Roxbury community. Counterprotesters from Black Lives Matter and other groups knocking bigotry and anti-Semitism marching from there to the Common, and another group plans to rally on the steps of the Statehouse neglecting the sprawling park.

Some counterprotesters dressed entirely in black and used bandannas over their faces. They chanted anti-Nazi and anti-fascism mottos, and waved indications that stated: “Love your neighbor,” “Withstand fascism” and “Hate never ever made U.S. great.” Others carried a big banner that checked out: “SMASH WHITE SUPREMACY.”

Boston police approximated the size of the crowd participating in the march to the Typical at about 15,000. In stark contrast, just several lots individuals have turned out for the conservative rally itself.

TELEVISION electronic cameras revealed a group of boisterous counterprotesters on the Typical chasing a guy with a Trump campaign banner and cap, shouting and swearing at him. However other counterprotesters stepped in and assisted the guy safely over a fence into the location where the conservative rally was to be staged. Black-clad counterprotesters likewise grabbed an American flag from an elderly woman’s hands, and she stumbled and was up to the ground.

The authorization provided for the rally on Boston Common included severe restrictions, consisting of a restriction on backpacks, sticks and anything that might be used as a weapon. The authorization is for 100 individuals, though an organizer has actually stated he anticipated approximately 1,000 people to participate in.

The Boston Free Speech Coalition, which arranged the occasion, said it has absolutely nothing to do with white nationalism or bigotry and its group is not connected with the Charlottesville rally organizers in any way.

“We are strictly about complimentary speech,” the group said on its Facebook page. “… we will not be offering our platform to racism or bigotry. We denounce the politics of supremacy and violence.”

But the mayor explained that a few of those invited to speak “gush hate.” Kyle Chapman, who described himself on Facebook as a “proud American nationalist,” stated he will attend.

Black Lives Matter said Friday that members from around the United States planned to march Saturday in Boston.

Walsh stated the city would do whatever is required to avoid violence started by either side. “If anybody leaves control– at all– it will be shut down,” he stated.

“We will not endure any misbehavior, violence or vandalism whatsoever,” said Evans, Boston’s top police.

Dating to 1634, Boston Common is the nation’s oldest city park. The leafy downtown park is popular with locals and travelers and has been the scene of many rallies and demonstrations for centuries.

Aetna in Talks to Move HQ From Connecticut, Weighing Boston, New York City

Insurance Giant, Extremely Crirical of $700 Million Service Tax Increase in 2015, to Reveal Relocation Decision Within a Few Weeks

Hartford, CT’s nickname of”Insurance coverage Capital of the World” took a significant hit today, as did the state’s business status, after Aetna Inc., verified it remained in advance talks with numerous states to move its home office out of Hartford, where its roots date to the early 1800s.

Boston and New York City are said to be front-runners in hiring the managed-care firm, among the nation’s biggest health-care insurance companies that employs about 48,500 and reported incomes of $63.2 billion in 2016. Aetna stated in a declaration it expects to announce its website choice early this summertime.

The decision comes as another blow to the state already struggling with General Electric Co.’s choice last year to move its corporate operations to Boston, however it did not come as a surprise.

“Based upon several discussions with Aetna’s senior management, I think it is clear that Aetna decided a very long time ago to move their home office out of Connecticut,” stated Hartford Mayor Luke Bronin in a statement. “They have stated that Aetna stays committed to its Connecticut labor force, and that the Hartford school will continue to be a considerable employment base for thousands of Aetna workers.”

“Losing Aetna’s flag is a hard blow for the state and for the higher Hartford area,” Bronin continued, adding that the state needs to “act boldly to change the things that need to alter.”

Aetna, along with significant Connecticut companies General Electric and Travelers Insurance coverage, was extremely important of a $700 million tax increase on companies imposed by the Legislature in 2015. GE chose last year to move its head office from Fairfield, CT, a new office school being built on the Boston waterfront.

Bronin stated across the country, business are finding in places where they can recruit top talent.

“We don’t need to be New york city or Boston to be competitive, however we have to recognize that strong, fiscally-sound, culturally-vibrant metropolitan areas are crucial to financial growth,” Bronin stated.

Aetna occupies 1.7 million square feet at its school at 151 Farmington Ave., a brownstone-and-red brick structure built in 1930, inning accordance with CoStar information.

Gov. Dannel P. Malloy said state official have actually had many conversations with Aetna over lots of months and in fact years about the possibility that the business might move. In a declaration, Malloy said he believes most of Aetna’s 5,800 tasks will stay in the state.

“While we have not been notified by the company of their intention to alter their footprint in Connecticut, it is my individual belief that some amount of change is coming, which it will likely include a change in their headquarter designation, along with some number of executive positions,” Malloy stated.

Malloy stated the state has provided Aetna direct rewards and is willing to match “anything placed on the table from a completing state to keep the head office and jobs here in Connecticut. The state has also provided propositions that would strengthen Hartford’s transportation infrastructure reinforce workforce advancement and “make our state an even much better and more responsive market for them and other insurance providers.” To this day, Aetna has actually not reacted.

“I think their lack of a direct reaction speaks volumes about their intentions, a minimum of when it pertains to their headquarters.”

Kenyans Kirui, Kiplagat win 121st Boston Marathon

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Steven Senne/ AP Geoffrey Kirui, of Kenya, leads Galen Rupp, of the United States, and the rest of the field along the course of the 121st Boston Marathon on Monday, April 17, 2017,

Monday, April 17, 2017|9:26 a.m.

BOSTON– Kenya’s Geoffrey Kirui won the 121st Boston Marathon on Monday, pulling away from American Galen Rupp with about 2 miles to go to win in an unofficial time of 2 hours, 9 minutes, 37 seconds.

Rupp, a three-time Olympian making his Boston launching, was 21 seconds behind and Japan’s Suguru Osako was another 30 seconds back. Americans had six of the top 10 finishers in the men’s race and two of the leading four ladies.

Kenyan policewoman Edna Kiplagat won the females’s race in 2:21:52, requiring only one try in Boston to add it to wins in London, New York and Los Angeles. She pulled ahead of Rose Chelimo of Bahrain in the Newton hills to win by 59 seconds.

“When I was running, my body was feeling good,” said Kiplagat, who was welcomed at the goal by 2 of her children. “I tried to push more, difficult and I saw my (competitors) were not getting the rate.”

American Jordan Hasay, making her launching at the distance, was third and Desi Linden was 4th– the first time since 1991 that two U.S. ladies have finished in the top 4.

The warm temperature levels that strike 79 degrees at the 20-kilometer mark in slowed the runners but the strong tailwind was an increase– particularly for the wheelchair races.

Marcel Hug won Boston for the 3rd time, outpushing 10-time champion Ernst Van Dyk and completing in 1:18:04 to beat the course record and world best by 21 seconds. Fellow Swiss Manuela Schar shattered the women’s mark by more than 5 minutes, winning in 1:28:17.

The winners’ times on the point-to-point Boston course are considered a world best and not a world record due to the fact that of the possibility of an encouraging tailwind like the one on Monday.

“The wind is so essential,” Hug said. “The roads were good. Everything was fantastic today.”

Earlier Monday, city authorities announced plans for memorials to mark the websites where two bombs blew up throughout the 2013 Boston Marathon.

City authorities and the households of five individuals who passed away in the battle or its consequences say there’s likewise a strategy to construct a different, larger memorial to victims, survivors and responders.

Pablo Eduardo is a Massachusetts homeowner and globally understood carver. He’ll create the memorial markers on Boylston Street where bombs eliminated 3 spectators and wounded more than 260 others.

Eduardo stated Monday his goal is to “embody the spirit of those we lost and the spirit of the city they loved.”

Steve Wynn: Liked in Las Vegas, hated in Boston

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AP Photos

Las Vegas casino mogul Steve Wynn and Boston Mayor Martin J. Walsh are at probabilities over Wynn’s plans to open a gambling establishment in the Boston suburb of Everett, Mass.

2013, by Wynn Resorts shows a proposedClick to enlarge photo

years $35 million Quantity Wynn Resorts spent for the 33-acre

website where it prepares to develop the gambling establishment 25 percent

Rate Wynn Resorts will pay in taxes on its daily gross gaming revenue Steve Wynn earned extensive regard

in Las Vegas for producing some of the Strip’s most successful resorts, however his

plans to broaden his company to the East Coast have come across major resistance there. Wynn Resorts last

fall won approval from Massachusetts pc gaming regulatory authorities to develop a gambling establishment on the site of a previous chemical plant in Everett, near Boston. If constructed, it would be Wynn Resorts’ only U.S. casino outside Las Vegas. (The business likewise operates in Macau.)Although the $1.7 billion job already endured a failed tally initiative to ban gambling establishments in the state, various other challenges stay. Boston and two close-by cities, Revere and Somerville, submitted separate suits challenging regulatory authorities’decision to offer Wynn the only casino

license for eastern Massachusetts. Boston’s objections to the job have been particularly extreme; some chosen officials there think the Massachusetts Video gaming Commission unfairly favored Wynn during his application for the gambling establishment license. Boston Mayor Martin Walsh has actually stated he desired his city to receive “host neighborhood” status so citizens of the Charlestown neighborhood could vote on the casino. Walsh says that Charlestown, which is close to Wynn’s building, stands to be influenced negatively by enhanced traffic when the casino opens. Walsh has actually pledged not to back down from the fight, saying”the people of Charlestown are worthy of a vote on their casino.”Boston authorities likewise raised issues about alleged efforts to hide a founded guilty felon’s financial interest in the land where Wynn wishes to develop the gambling establishment. Wynn Resorts has stated it understood nothing of the felon’s interest until the video gaming commission informed the company about it, and Wynn Resorts threatened to sue Walsh for libel, barring an apology for his”incorrect statements and untrue innuendo.”

Wynn stated throughout a company teleconference in July he hoped to be”treated with a little softer hand” in Massachusetts and noted Wynn Resorts was bringing the largest single personal financial investment in the history of the state. “The table seemed to be set; the welcome mat seemed to be out,” Wynn said.” We simply have not found the welcome mat yet. However I’m an everlasting optimist, and I’m hoping it’ll feel excellent

when they stop hitting us.”But the back-and-forth continued. Days after the call, Walsh stated Wynn offered him a nine-figure payment to end their legal fight. Wynn denied such an offer was made. In August, Wynn told the Boston

World he had “had adequate of Mayor Walsh,”who he said “has to leave his butt. “Walsh fired back, stating that if Wynn has actually had enough of him,” he’s had enough of the people of Boston”and “he much better reassess as far as how he negotiates. “Even if Wynn is able to solve the issues with Boston, the business still has great deals of work to do prior to it can open the casino, consisting of cleaning up the previous

chemical plant site to make it appropriate for development. Las Vegas, NV