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Issue Date: 11/17/2008 11/21/2008
 
Emerging Property Market Downturn Accelerates

BOSTON— The latest RICS global commercial property survey shows that business demand for property weakened further in the third quarter of 2008. Significantly, cracks are now starting to show across many emerging markets. Here are key findings from their third quarter report:

 
 
CB Richard Ellis Brokers Four Leases Totaling 53,445 SF at One Burlington Business Center in Burlington, Mass.
 

BOSTON— CB Richard Ellis announced that it represented one of Invesco Real Estate’s institutional clients in four leases totaling 53,445 square feet at One Burlington Business Center in Burlington, Mass.

 
Newmark Knight Frank wins 1115 West Chestnut Street Listing
 

BOSTON — A Newmark Knight Frank agency leasing team comprising Principal Austin Smith, Director Jason Bryer and Associate Stefan Frey has been named as exclusive marketing agent for 1115 West Chestnut Street, a three-story, 40,500-square-foot office building located in Brockton, Mass.

 
Marie E. Fitzgerald of Symmes Maini & McKee Associates Honored by CoreNet Global as Designer of the Year
 

CAMBRIDGE, Mass- – Marie E. Fitzgerald IIDA of Symmes Maini & McKee Associates (SMMA) was honored as Designer of the Year by the New England Chapter of CoreNet Global during the Chapter’s 5th Annual dinner gala and award ceremonies held November 6th at the Seaport Hotel.

 
Shawmut completes Byerly Hall renovation at Harvard University
 

BOSTON – Shawmut Design and Construction, in collaboration with architects Goody Clancy, completed the renovation of historic Byerly Hall at Harvard University’s Radcliffe Institute for Advanced Study. The complete renovation brought the stately historic building to new heights of ecological consciousness with geothermal wells that maintain a low-impact temperature regulation system for the building which is seeking LEED ® Gold certification.

 
Companies Increase Focus on Energy and Sustainability to Reduce Costs
 

CHICAGO—Corporate real estate (CRE) executives are less likely to be willing to pay a premium for green office space than they were a year ago, even though more of them see energy and sustainability as a business priority, according to a new survey conducted by CoreNet Global and Jones Lang LaSalle.

 
The Boston Globe names RDK Engineers to Globe 100’s Top Places to Work ‘08
 

BOSTON –   RDK Engineers has been named one of the Top Places to Work in Massachusetts in the debut of an employee-based survey project from The Boston Globe.   The Globe 100’s Top Places to Work magazine was published in the Sunday Globe on November 9. 

 
Eastport Real Estate Services adds to Third Party Management Portfolio
 

WALTHAM, Mass. - Eastport Real Estate Services, Inc. recently announced that it has added four commercial properties totaling over 200,000 square feet to its property management portfolio.

 
CB Richard Ellis/New England Names New Vice Presidents
 

BOSTON — CB Richard Ellis/New England, a joint venture partner with CB Richard Ellis, announced the promotions of three property management members: Eileen Carroll has been promoted to the position of Vice President/Portfolio Manger and Emily Batchelder and Laura Mintz have been promoted to the positions of Vice President/General Manager.

 
Columbia Construction Completes 115.000 SF Manufacturing Facility for Siemens Healthcare
 

EAST WALPOLE, Mass. - Columbia Construction recently completed a 115,000 s.f. Diagnostic Reagent Facility Expansion for Siemens Healthcare Diagnostics, in East Walpole, Mass.  The expansion was in response to the industry’s growing demand for Siemens’ diagnostic tests manufactured locally here in Massachusetts.

 
P&G Names Jones Lang LaSalle Global Provider of Real Estate Transaction Management and Portfolio Planning Services for 150 Million SF Portfolio
 

CHICAGO - Jones Lang LaSalle Incorporated (NYSE: JLL) announced the expansion of its existing strategic alliance relationship with Procter & Gamble to include a range of transaction and strategic portfolio planning services for P&G's owned and leased real estate worldwide.

 
Skanska USA Building Taps Mary Ann Williams as Project Executive
 

BOSTON – Skanska USA Building Inc., a leading U.S. provider of construction, general contracting, design and design-build services, recently announced that Mary Ann Williams has been hired in the Boston office as a Project Executive.

 
ARC/Architectural Resources Cambridge Hires Two Architects and Three Design Professionals
 

CAMBRIDGE, Mass.—ARC/Architectural Resources Cambridge, a nationally recognized architectural, planning and interior design firm specializing in science, educational, sports and corporate facilities, has hired two new architects and three designers to its team of design professionals.

 
Margulies Perruzzi Architects Completes Office Design for Walden Media
 

BOSTON – Margulies Perruzzi Architects (formerly Margulies & Associates) announced that it has completed the design of a 5,000 square foot office in Burlington, Massachusetts for Walden Media, the film studio behind “The Chronicles of Narnia” and “Journey to the Center of the Earth.”

 
Wise Construction Completes Construction Projects for MGH Institute of Health Professionals
 

WINCHESTER, Mass.—Wise Construction Corporation, a construction management firm specializing in the healthcare, biotechnology, education and corporate clients, announced that it recently completed construction projects for MGH Institute of Health Professions in Charlestown Navy Yard in Boston.

 
Fairchild Semiconductor Breaks Ground On New Office Building
 

Scarborough, ME- Construction has begun on Fairchild Semiconductor Corporation's new 90,000 square foot, energy efficient office building in Scarborough, ME. A groundbreaking ceremony for the $25,000,000 project was held this month on the Gateway Square property.

 



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