CAMBRIDGE, MA – CambridgeSide announced that Boston-based Laboratory-as-a-Service (LaaS) leader, SmartLabs will open its newest location at 100 CambridgeSide in Cambridge, MA. CambridgeSide is a mixed used complex owned by a partnership between New England Development and a client advised by UBS Asset Management. The new SmartLabs laboratories at 100 CambridgeSide will deliver high quality, turnkey research, development, and related manufacturing space along with best-in-class operations support for companies of varying sizes. SmartLabs offers flexible lab and office spaces ..read more

By Joseph J. Ori The NOI is important because it is the cash flow metric used to value a property. For example, if the NOI in an acquisition is $1,000,000 and the purchase price is $15,000,000, then the cap rate is 6.67% ($1M/$15M). NOI is also important because it represents the initial cash flow from the property in which tenant improvements, leasing commissions, capital improvements and debt service (annual principal and interest on the debt) are paid. Many lenders also use NOI to value a property for loan purposes and a loan yield. The loan yield is the lender’s NOI divided by the loan amo ..read more

By David Hoffman BioMed Realty received approval on plans to deliver 600,000 square feet of purpose-built laboratory space in Cambridge. The company will deliver the new development on the 15-acre Cambridge International Technology Park site, which it acquired in September 2021. The company expects the new development to create 2,700 highly-skilled jobs. It will incorporate a number of technologies to reduce energy consumption and improve water usage, resulting in significant carbon emission reductions. The development is targeting a BREEAM Excellent score and a notable net gain in biodiv ..read more

By Meera Raman  –  Reporter, Boston Business Journal Two former law associates of Testa Hurwitz & Thibeault LLP, the now-shuttered law firm that ruled Boston’s tech law scene in its heyday, are returning to their roots to open a Boston-based IP practice of Bond, Schoeneck & King PLLC. Mark Beloborodov and Jeremy Oczek, who were both junior associates at Testa when it reigned as one of the largest, highest-grossing law firms in the nation, have teamed up to bring Bond, Schoeneck & King to Boston with an IP office. More than a decade after Testa’s ..read more

By Greg Ryan  –  Senior Reporter, Boston Business Journal Alabama-based Discovery Life Sciences has sued the owners of a Somerville building where it had leased space for a clinic, claiming they failed to disclose important information about the site’s zoning and the presence of toxic mold on the property. Discovery signed a lease in April 2022 for a 5,000-square-foot donor clinic at a four-story building at 120 Beacon St., according to a lawsuit filed Wednesday in Suffolk County Superior Court. The firm collects human tissue and cellular materials from donors for us ..read more

Working remotely is becoming increasingly rare a few years after the pandemic caused millions of Americans to decamp from worksites to their basements and bedrooms. Some 72.5% of business establishments said their employees teleworked rarely or not at all last year, according to a Labor Department report. That figure climbed from 60.1% in 2021. The survey showed about 21 million more workers on-site full time in 2022, compared with the prior year, Gwynn Guilford reports.   The new number is also close to the share of establishments—76.7%—that said they had no employees telework ..read more

By Jon Chesto Globe Staff,Updated March 2, 2023, 3:00 p.m. Can a governor make a state’s economy more competitive? Governor Maura Healey sure thinks so. And she made that case to a packed room of Greater Boston Chamber of Commerce members on Thursday, the day after she filed her first state budget proposal and a tax reform package with the Legislature. Healey’s tax plan, when fully implemented, will cost the state about $1 billion a year. Roughly 40 percent will cover a reduction in the state’s short-term capital gains tax and as well as broader estate tax exemptions. The busine ..read more

WRITTEN BY Shankar Parameshwaran Bank lending to the real estate industry could contract in the fallout from the collapse of Silicon Valley Bank and Signature Bank, according to Susan M. Wachter, Wharton professor of real estate and finance. Immediately, worries are running high over both the state of residential and commercial real estate loans advanced by the two failed banks, and the office space the two banks would vacate as they wind down operations. Those concerns were contained in the case of First Republic Bank, which also looked precarious until last Thur ..read more

By Boston Real Estate Times  – March 20, 2023 SOMERVILLE, MA— DLJ Real Estate Capital Partners (DLJ RECP), Deutsche Finance Group (DFG), Leggat McCall Properties (LMP), and Shawmut Design and Construction were joined by Somerville Mayor Katjana Ballantyne to commemorate the steel topping off milestone at 808 Windsor Street, the second purpose-built Class-A lab building in Somerville as part of the Boynton Yards 1.8 million square foot mixed-use life sciences and innovation community. Set to be completed in early 2024, the 370,000 square-foot, purpose-built building will span 11 flo ..read more

  Michael Roberts profile photo WRITTEN BY Michael Roberts In this opinion piece, Wharton finance professor Michael R. Roberts examines some of the arguments against stock buybacks and explains why buybacks are an important mechanism for returning money to investors and avoiding unprofitable investments. Stock buybacks, or share repurchases, have been the focus of some vitriol as of late. President Biden castigated companies for repurchasing shares in his State of the Union address. In contrast, Warren Buffett referred to detractors of share buybacks as “economic illiterates or ..read more