Commercial Real Estate Remains Soft but Favors Business Expansion
WASHINGTON (August 26, 2010) – Commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion, according to the National Association of Realtors.
Lawrence Yun, NAR chief economist, said fallout from the recession continues to impact commercial real estate. “Vacancy rates are beginning to level off in some sectors, but rent discounts and moderate levels of landlord concessions are widespread,” he said. “This is very much a tenant’s market, which is quite favorable for businesses that are considering expansion. It’s also encouraging that there is a modest improvement in the sentiment of commercial real estate practitioners.” Read more…
International Tenant Representative Alliance to Host Corporate Real Estate Symposium
July 2010
Boston MA, The Stevens Group, the Boston affiliate of the International Tenant Representative Alliance (ITRA), has announced that ITRA will be hosting a Corporate Real Estate Symposium on the morning of September 24th at the Beverly Hills Wilshire Hotel, Los Angeles, CA. Read more…
The Stevens Group Represents Progenika In 9,000 SF Office Lease
The Real Reporter – By Joe Clements
July 2010
MEDFORD—TeleCom City is a fading memory, but 200 acres set aside for that ill fated business park straddling Everett, Malden and Medford will soon accommodate promising life sciences company Progenika in a 9,000-sf deal that seems to validate the tri-town revitalization campaign launched more than a decade ago in partnership with New York entity Preotle Lane. Read more…
International Tenant Representative Alliance Expands in Northern Europe
July 2010
Boston, MA – Debra Stevens CCIM, principal of The Stevens Group, the Boston Affiliate of The International Tenant Representative Alliance (ITRA), has announced that Stockholm-based Newsec AB, the leading commercial real estate consultancy firm in Northern Europe, was recently selected as the Northern European affiliate for ITRA. Read more…
Boston Office Market Favors Tenants
March 2010
Boston MA – The Greater Boston office market ended 2009 with little to cheer about. With the economy remaining weak and unemployment stubbornly high, many companies were reluctant to make a move. Read more…
Stevens Group Represents EP Levine in Waltham Lease
December 24, 2009
The Real Reporter – By Joe Clements
WALTHAM—It might not be the most picturesque building adorning Route 128, but 219 Bear Hill Rd. is expected to provide plenty of welcomed exposure to new tenant EP Levine now that the photographic equipment supplier has signed a long-term lease for close to 20,000 sf at the single-story, 30-year-old flex/industrial property. Read more…
Stevens Group Represents Barr Associates in 47,780 Sq. Ft. Lease
October 2009
Tyngsboro, MA – Barr Associates has renewed their lease at 300 Potash Hill Road, Tyngsboro, MA. The 47,780 sq. ft. lease was extended for an additional 7 year term. Read more…
60,000SF Industrial Building Sale Seen as a Win for Boston’s Old Newmarket
September 2009
The Real Reporter – By Joe Clements
Boston MA - There will be a ceremony later to fete the transaction and pending upgrades, but the $3.75 million purchase of a 60,000-sf building in the Newmarket district is already being chaulked up as a victory by deal participants such as brokers Mark Stevens and Steve Murphy.
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Stevens Group Represents Trico In Purchase of 60,0000 SF Building
September 2009
Boston, MA – Trico USA has purchase a 60,000 sq. ft. industrial building located at 99 Atkinson Street in the Newmarket Square area of South Boston. Read more…
Don’t Try To Ride The Real Estate Roller-Coaster Alone
Friday, July 31, 2009
Boston Business Journal – by Keith Regan, Special to the Journal
In the current commercial real estate market, the ball is clearly in the court of tenants seeking new or additional space from landlords in office buildings, industrial parks, and retail malls and shopping center. Read more…
