Greater Boston Office Space Commercial Real Estate

Massachusetts Foreclosure Buyers BEWARE! You may not Actually have the "Deal" you thought you had

Tue, 18 Oct 2011 16:35:19 -0400

Massachusetts Foreclosure Buyers BEWARE! You may not Actually have the "Deal" you thought you had ...

Today the Massachusetts Supreme Judicial Court issued its much anticipated decision in Bevilaqua v. Rodriguez, a case resulting from a foreclosure sale that was not handled appropriately. The foreclosure sale was invalid because the sale and advertising took place before the bank had received an assignment of the mortgage, a technicality that is apparently not as uncommon as one would think.

Read more about this important decision here: http://www.massachusettslandusemonitor.com/title/sjc-affirms-bevilacqua/

For Greater Boston Office Space For Lease Commercial Real Estate For Sale:

OfficeTenantAdvisors.com (GILES COMMERCIAL REALTY GROUP) delivers Specialized expertise and advisory services exclusively to companies that Lease, Purchase, or Own commercial real estate to house their business operations. We Save our clients Time, Money and Frustration through diligent advocacy and by developing and executing strategies that align our clients’ real estate position with THEIR business plan. Services include acquisitions by Lease or Purchase; lease extensions/ renewals and renegotiations; planning; research; analysis; site selection; negotiation; relocation coordination; ongoing administration; disposition; etc. Transaction services are typically rendered at no cost to client as leasing and sale fees are customarily paid by landlords and sellers. Principal Michael R. Giles has provided solution-driven services with exceptional results to clients ranging from start-ups to Fortune 100 companies for over 24 years throughout Greater Boston - Eastern Massachusetts.

Mike Giles, www.OfficeTenantAdvisors.com, Boston, MA 617-429-3414

Why Buy a Commercial Condo For Sale in the "Leather District" in Boston, Massachusetts 02111 ?

Sun, 18 Sep 2011 23:56:33 -0400

Why Buy a Commercial Condo For Sale in the "Leather District" in Boston, Massachusetts 02111 ?

I first began to know, understand and appreciate the "Leather District" in Downtown Boston back in the early 1990's, when I changed commercial real estate firms and went to work in my new firm's office at Lincoln Plaza (building later converted to residential condos with ground floor retail). This was about the same time that construction of Boston's widely acclaimed and now somewhat notorious Central Artery Tunnel Project, a.k.a. "The Big Dig", was getting underway in earnest.

Located adjacent to the South Station public transportation complex (Subway "T", Bus, Commuter Rail) and bordered by the Financial District and Chinatown, I immediately fell for the Leather District neighborhood and it's historic 1800's architecture dominated by brick and beam industrial loft buildings. Originally built for the manufacturing, warehousing and wholesaling of leather goods (the genesis of the name "Leather District"). these buildings still retain the unique signature feature of Leather District buildings - HUGE ground-floor windows bolstered by cast-iron columns, designed for the display of wholesaler's goods. Today, these large window surfaces allow the penetration of natural light into office space and high visibility for retailers.

In addition, the Leather District location had cheap and readily available on-street parking, comparatively inexpensive parking garages, quick access to the Expressways (I-93 N-S, I-90 "Mass Pike" E-W) and great places to eat for breakfast, lunch and more. "Location, Location, Location", what wasn't to love?

But back then, the neighborhood was still primarily a daytime work destination, quiet, somewhat deserted and a little on the "gritty" side after dark.

Almost twenty years later, after a couple waves of residential conversion and other re-development, the Leather District is a vibrant mixed use neighborhood. It is now filled with renovated office space (including a number of Boston's relatively scarce commercial condominiums), residential condos ranging from ultra-modern finishes to traditional Lofts with high ceilings and exposed brick & beam, together with retail services and restaurants, ranging from subs and bistros, to fine dining.

The Leather District just keeps getting better and better and today there are spectacular opportunities for savvy businesses to take advantage of historic low interest rates and own a piece of the Leather District for themselves. Click here for one example.

About the Author: OfficeTenantAdvisors.com (GILES COMMERCIAL REALTY GROUP) delivers Specialized expertise and advisory services exclusively to companies that Lease, Purchase, or Own commercial real estate to house their business operations. We Save our clients Time, Money and Frustration through diligent advocacy and by developing and executing strategies that align our clients’ real estate position with THEIR business plan. Services include acquisitions by Lease or Purchase; lease extensions/ renewals and renegotiations; planning; research; analysis; site selection; negotiation; relocation coordination; ongoing administration; disposition; etc. Transaction services are typically rendered at no cost to client as leasing and sale fees are customarily paid by landlords and sellers. Principal Michael R. Giles has provided solution-driven services with exceptional results to clients ranging from start-ups to Fortune 100 companies for over 24 years throughout Greater Boston - Eastern Massachusetts.

CALL US TODAY FOR A FREE, NO-OBLIGATION CONSULTATION ON YOUR COMPANY'S REAL ESTATE PLAN 617-429-3414

Mike Giles, www.OfficeTenantAdvisors.com, Boston, MA 617-429-3414

Downtown Boston Office Space for Lease (SUBLEASE) - North Station / Government Center / Bulfinch Triangle, Boston, Massachusetts 02114

Sat, 31 Jul 2010 20:45:42 -0400

Downtown Boston Office Space for Lease (SUBLEASE) - North Station / Government Center / Bulfinch Triangle, Boston, Massachusetts 02114

NEW Savings Opportunity!

OfficeTenantAdvisors.com (Giles Commercial Realty Group) of Boston, Massachusetts is pleased to announce an Outstanding Boston Office Space for Lease (Sublease) opportunity! This high quality, professional office space is available immediately for consideration by office tenants seeking a tremendous VALUE.

EXCEPTIONAL LOCATION:

Strategically situated in the heart of Downtown Boston, this commercial property is surrounded by nearly every conceivable amenity and service that a business operator could desire, including: Public Transportation (multiple subway lines, commuter rail), Highway Access, Parking, Fast Food (good food fast), Fine Restaurants, Casual Dining, Hotels, Fitness, Medical care, ..., the list goes on and on.

The subject property, a meticulously maintained commercial office building containing Boston office space for lease, is centrally located within a quick walk of such iconic Boston landmarks as North Station, Faneuil Hall Marketplace (a.k.a. Quincy Market), the newly finished Rose Kennedy Greenway, Boston's historic North End, New England Acquarium, the Waterfront, Boston Garden (arena), Government Center Plaza, Mass General Hospital, ...

MOTIVATED CLIENT:

This Boston Office Space for Lease (sublease) is nearly new, finished less than a year ago to house a new Boston office for our out-of-state corporate client.

Our client originally selected this downtown Boston location to service a major customer account. Recently, our client's customer relocated the division our client was servicing and consequently, our client must relocate also.

THE OFFICE SPACE PREMISES:

Comprising an entire upper floor of a classic mid-rise Boston office building, this attractive office space features:

• Windows on 3 sides (custom operable, double pane glass)

• Highly desirable, Full floor identity with direct elevator entry (securable)

• Entry vestibule/waiting area (separate from main office area)

• Reception station (with sliding glass window)

• Private offices on the windowline

• Open area for workstations/cubicles

• Large conference room

• Kitchenette

• Copy/fax/file room

• Storage

• Tel/data IT room

• Private restrooms

• The office space is flexible enough to accommodate a range of office uses from 12-30 workers

• The building also boasts newly renovated lobby, elevator and façade

THIS SUBLEASE OPPORTUNITY:

This post here on www.ActiveRain.com, is the kickoff to a hyper-aggressive marketing campaign to secure a new subtenant (or tenant) for this highly desireable Downtown Boston Office Space For Lease.

With the combination of attributes described above, an improving market and a highly motivated Sublessor, this opportunity will not last long.

If you would like to learn more about this Boston Office Space for Lease (sublease), or, discuss your company's real estate position, or just ask a question about office space and commercial real estate in Boston, please contact me. I look forward to speaking with you soon!

Mike Giles, Principal OfficeTenantAdvisors.com (Giles Commercial Realty Group)

To Find Office Space For Lease in Boston, MA or, adjacent communities, call 617-502-0101

To Find Office Space For Lease in Burlington, MA or, along Route 128, call 781-328-0108

Or, Email: mike(at)gilescommercial.com

Or, visit: OfficeTenantAdvisors.com

Mike Giles, www.OfficeTenantAdvisors.com, Boston, MA 617-429-3414

Happy Days Again? A Report from the Boston Office Space Commercial Real Estate Market

Wed, 14 Jul 2010 11:54:41 -0400

Happy Days Again? Boston Office Space Commercial Real Estate

So, what is the Boston office space commercial real estate market REALLY like today?

Well honestly, ..., it depends What and Where you are.

If you are an Owner/Landlord of Lab space in Cambridge, then you've hardly skipped a beat and are enjoying low vacancy and high rent levels. On the other hand, if you're an owner of office properties in certain suburban Boston locations, you are praying for tenants to fall from the sky.

Overall, Greater Boston has weathered the storm of this last recession reasonably well, especially when compared to some other markets around the country, such as Phoenix, or Detroit (ouch!).

In fact, in a recent survey by a leading national commercial real estate research firm, Boston Office Space Commercial Real Estate was ranked as one of the top 5 healthiest major metros in the country. This makes sense, considering the diverse nature of the local economy lead by financial services, hospitals/healthcare, higher education, leading edge technology and the biotech/pharma industry.

Nationally and in Boston, the property Sale markets (both to Investors and End-Users) for commercial property of all classes was on life support from late 2008 to early 2010. This was of course partly due to the financing markets being almost non-existent. But over the first six months of 2010, there has been a marked increase in activity in select markets across the country and Boston is one of them.

Boston Office Space Commercial Real Estate is attractive to investors because it has not experienced the same drastic drop in values and level of distress that many other areas of the country have (the yo-yo effect) and because the area remains popular with foreign investment capital. Couple that with all the domestic money that's been sitting on the sidelines and the result can be intense competition any time that a high quality, stabilized asset becomes available in our local market.

However, as rosy as all that sounds, the Boston Office Space Commercial Real Estate market does have some battle wounds. Lease rates dropped 10% to 30% from late 2008 to early 2010, depending upon the particular submarket and property type, even more in some tertiary markets. Cambridge was and is the strongest local submarket, only experiencing mild fluxuations in vacancy and rent decline, propped up by its steady draw for Biotech and Pharma companies.

Where does the Boston Office Space Commercial Real Estate Market go from here? ...

If you would like to learn more about Boston Office Space Commercial Real Estate, or, discuss your company's real estate position, or just ask a question about Boston, please contact me. I look forward to speaking with you soon!

Mike Giles, Principal

mike(at)gilescommercial.com

OfficeTenantAdvisors.com (GILES COMMERCIAL REALTY GROUP) provides Specialized expertise, advisory and advocacy services exclusively to companies that Lease, Purchase, or Own commercial real estate to house their business operations. By developing and executing strategies that align our clients' real estate position with their business plan, we Save our clients Time, Money and Frustration. Services include acquisitions by Lease or Purchase, extensions/renewals/renegotiations, planning, research, analysis, site selection, negotiation, relocation coordination, ongoing administration, disposition, etc. Acquisition services are typically rendered at no cost to client as leasing and sale fees are customarily paid by landlords and sellers. Principal Michael R. Giles has provided solution-driven services with exceptional results to clients ranging from start-ups to Fortune 100 companies for over 23 years throughout Eastern Massachusetts.

Mike Giles, www.OfficeTenantAdvisors.com, Boston, MA 617-429-3414

Greater Boston Massachusetts Commercial Real Estate - Office Space Information

Sun, 04 Apr 2010 08:41:16 -0400

Blog about Boston commercial real estate market, office leasing, commercial property sales, etc.

http://BostonOfficeSpace.blogspot.com

Courtesy of Mike Giles, Principal of Giles Commercial Realty Group, Boston, Massachusetts

Mike Giles, www.OfficeTenantAdvisors.com, Boston, MA 617-429-3414

Understanding Today's Office Space Discounts

Mon, 07 Dec 2009 09:47:49 -0500

Recent article on GlobeSt.com is applicable to most major metro markets.

In addition, the underlying concept of economy of scale is generally present regardless of the paticular point in an economic cycle, i.e. a smaller office space of comparable quality to a larger office space in the same or similar property, will command a higher lease rate on a per square foot basis.

Read the GlobeSt.com article here: http://www.globest.com/news/1551_1551/newyork/182502-1.html

About Giles Commercial Realty Group: www.OfficeTenantAdvisors.com

GILES COMMERCIAL REALTY GROUP provides expert advisory/advocacy services exclusively to companies that lease or own commercial real estate to house their business operations. Services include acquisitions by Lease or Purchase, extensions/renewals/renegotiations, planning, research, analysis, site selection, negotiation, relocation coordination, ongoing administration, disposition, etc. Acquisition services are typically rendered at no cost to client as leasing and sale fees are customarily paid by landlords and sellers. Principal Michael R. Giles has provided solution-driven services with exceptional results to clients ranging from start-ups to Fortune 100 companies for over 23 years throughout Greater Boston and Eastern Massachusetts.

Mike Giles, www.OfficeTenantAdvisors.com, Boston, MA 617-429-3414

How Should Decision Makers Go About Securing Space For Their Business Operations?

Mon, 05 Oct 2009 12:03:52 -0400

Have you ever had to secure commercial real estate (office space, r & d space, industrial property) to house your company's business operations?

For any business owner or executive that does not have commercial real estate expertise available in-house, this process can be more complicated and far more time consuming and frustrating than they originally contemplated.

The pace of business today is more hectic than ever and the demands placed on the time of most business owners and executives to manage their business successfully, have increased accordingly.

Facilities or Real Estate is typically the second largest expense for most businesses after payroll.

What will YOU do when it is time for your company to lease or purchase commercial real estate?

It's a well accepted premise that the most successful business managers practice effective time management.

Does the business owner / executive who is focused on running their business really have the extra time (or want to spend the extra time) to themselves perform the tasks required in order to ensure that the commercial real estate needs of the business operations are being met in the most efficient and cost-effective way?

Obtaining non-biased market research, spending hours online searching through incomplete or out-of-date databases / advertising sites that only show a small portion of the actual market, calling brokers for information (that usually represent the landlord or property owner with whom you will be negotiating), scheduling property tours, analyzing and comparing properties, negotiating terms and agreements, finding qualified move-related or facility-related resources, etc., can all be challenging and time consuming distractions from a business operator's already busy schedule.

It's a fact that most business owners and non-real estate executives are only involved in commercial real estate transactions intermittently, every few years or so.

Doesn't it make perfect sense to leverage the skills, expertise and resources of a highly competent professional who is engaged in commercial real estate negotiations and transactions on a full-time, daily basis? Especially when acquisition services are typically rendered at no cost to our clients, as leasing and sale fees are customarily paid by landlords and sellers.

Mike Giles, www.OfficeTenantAdvisors.com, Boston, MA 617-429-3414

1st Class Office Space-Wakefield, Massachusetts

Mon, 12 Nov 2007 14:42:15 -0500

Mike Giles, www.OfficeTenantAdvisors.com, Boston, MA 617-429-3414

First Class Office Space Available - 1/2 Mile to I-93/I-95(128) Interchange, Woburn, MA

Mon, 12 Nov 2007 14:04:24 -0500

Mike Giles, www.OfficeTenantAdvisors.com, Boston, MA 617-429-3414