The Downtown Boston Business Improvement District’s Baggo League

 

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One Boston Place, a Class A office building managed by CBRE/New England, joined Downtown Boston Business Improvement District’s Baggo (Corn Hole) league, which runs from July 25 to September 12. The league takes place every Wednesday from 12-2 p.m. Matches are played on the One Boston Place plaza as well as a practice court.

For those looking to perfect their game, practice is available at lunchtime at the 133 Federal Street plaza on Mondays, Wednesdays and Fridays. We also created a little quiz below to flex your knowledge of Baggo terminology, which is always helpful when looking to impress your competition.

Cornhole Quiz

To learn more about additional activities offered by the Boston BID, please contact Mike Testa.

 

 

Andrew Galvin Wins Providence Business News’ 40 Under Forty

CBRE/New England’s Andrew Galvin was recently honored as one of Providence Business News’ 40 Under Forty.

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Boston ranked #7 in CBRE’s 2018 Scoring Tech Talent report

LinkedIn_Elevate_1024x512 (1).jpgCBRE recently announced the top 50 North American markets for scoring tech talent and Boston ranked as #7, up two spots from 2017. The Scoring Tech Talent Report ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent. The Tech Talent Scorecard is determined based on 13 unique metrics, including tech talent supply, growth, concentration, cost, completed tech degrees, industry outlook for job growth, and market outlook for both office and apartment rent cost growth.

Tech labor concentration—or the percentage of total employment—is an influential factor in how “tech-centric” the market is and its growth potential. Boston has a tech talent labor pool of 113,960, or 32.58% of its total employment, compared to the national average of 3.5%.

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Americas Head of Research for CBRE, Spencer Levy, shares why Boston is a top Tech Talent market and potentially could be a top three contestant within the coming years. Click here to view the video.

I would not be surprised that it could end up in the top three, just behind San Francisco and Seattle within the next couple of years.

Levy makes reference to Boston’s brain drain. Boston has an abundance of tech talent and produces more tech graduates than jobs, making it a great market for expanding tech companies. Between 2011 and 2016, Boston’s tech degree completions increased by 57% and as of the most recent data, ranked fourth among the markets producing the most tech graduates.

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In the clip, Levy shares his perspective on Boston’s Brain Drain market status and his prediction for the future of Boston.

Boston has a tremendous amount of pent up growth as large employers can move to the market to places like the Seaport District, which is growing like gang busters—almost 11 MSF in the Seaport District that was not there a few years ago that are using that talent base to form new jobs in the Boston market. This brain drain element of Boston is going to be absorbed soon with new employers moving into Boston making it already a top 10 Tech Talent market of the United States.

It’s almost time to say goodbye to our 2018 Summer Interns

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CBRE U Event: Activation of Buildings through Amenities

As a new generation of workers will dominate the workforce by 2025, designers, developers and real estate owners need to take a proactive approach to keep up with the current and future needs of tenants. It’s no secret that amenities are being used to help attract and retain talent by property managers and employers in office buildings. Property managers are modernizing their offerings to include on-site yoga studios, outdoor space, multimedia game rooms, private chefs, healthy snacks, comfortable working/meeting spaces, guest speakers, salon services (potentially brought in weekly) and plenty more. The goals of these centers tend to vary, but include finding spaces to get fresh air, encouraging creativity and creating human connections within a building’s tenant population. Usually 30-40% of office building space is underutilized, and property managers have found that these amenities are activating spaces and making them more efficient.

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During CBRE/New England’s July CBRE U event, a group of CBRE/NE employees met with Visnick & Caulfield’s Marilyn Shen and CBRE/NE’s Vicki Keenan to discuss the revolutionary Convene amenity center at One Boston Place, a building that CBRE/NE manages on behalf of TH Real Estate and Ivanhoe Cambridge.

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The Library

Using the three Rs—relationships, readiness and retention—and the top three reasons why landlords are providing the extras—activation, health & wellness and real estate efficiency—our property management team realized back in 2016 that One Boston Place needed to elevate their offerings. Through analyzing the tenants, the neighborhood and the physical office building space, Convene, Visnick & Caulfield and CBRE/NE were able to create this amenity center that employees and visitors want to maximize to its fullest.

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The Commons Nourish

On a purely aesthetic level, the center hits the millennial nail on the head down to the coffee table books and mid-century modern moss green side chair. The state-of-the-art center mixes copper finishes with velvet seating and bright white touches—ideal for an ‘Instagrammable’ corporate reception. These design touches are not a coincidence. While they are high-end and a bit of a nod to an aspirational lifestyle, they are also surprisingly inviting, comfortable and energizing. The aesthetic, mixed with the all-you-can-drink freshly squeezed grapefruit juice and Tate’s cookies (plus a variety of other fun beverages and snacks), contributes to the welcoming vibe of the space. You could almost see this setting in a boutique hotel or perhaps in your (or a fashionable friend’s) home. This idea of res-com brings a new air to office buildings. Gone are the cheap carpeted flooring, fluorescent lighting and ceiling tiles.

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The Terrace

The smartly designed 15,000 SF Convene space at One Boston Place includes a private outdoor terrace and six meeting rooms, which can accommodate up to 175 guests. The outdoor terrace overlooks the historic Old State House and functions as a space for employees to take a breath of fresh air during the day and a cocktail reception venue during the evening. In the cooler months of this New England city, the library provides a comfortable and unique space for hosting a wide range of events. The venue also includes a full kitchen with dishes that are rotated seasonally. Like the well-designed space, their menu is also curated to give way to a more holistic and approachable setting with farm-to-table dishes.

To find out more about the Convene amenity center at One Boston Place, contact Gina Cusano.

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NAIOP South End by Foot Tour

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Jonathan Greeley

Last week NAIOP hosted a guided tour through South End’s latest projects in all stages of development. Jonathan Greeley, Director of Development Review at the Boston Planning & Development Agency, kicked off the opening discussion with, “we are in the middle of a building boom… on any given day there are 124 construction projects in Boston.” It was evident, within the first five minutes of the tour, that a significant number of those construction projects are in the South End. This particular area in the South End was once a factory corridor and is now turning into a live-work-play community.

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Harrison Albany Block Site

 

The tour started at the Harrison Albany Block development and then wrapped its way through the old Flower Exchange site and then into Ink Block. While some projects were fully operating, such as the AC Hotel by Marriott at Ink Block, some sites were about to begin construction, such as Nordblom and CIM’s 321 Harrison.

 

Todd Fremont-Smith, Senior Vice President of Development and Director at Nordblom, spoke about the 321 Harrison development, a project that will be built atop the existing 1000 Washington parking garage and connect to the current office building. CBRE/New England spearheads the leasing efforts for both 1000 Washington and 321 Harrison. The developers hope to break ground in early August and deliver the ±235,000 SF project in Q1 2020. Situated within a hub of new residential and retail developments, 321 Harrison will enhance the ‘work’ experience in the South End’s live-work-play environment. In addition to a roof terrace to take in the beautiful views of Boston, the LEED® Certified Silver office building will include a cafe with outdoor seating, fitness center and outdoor balconies. Take a closer look at the façade of the building to see how the architect, SMMA, incorporated the building’s street number (hint: panels).

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321 Harrison Façade

For more information, check out the 321 Harrison website. For leasing inquiries, contact CBRE/New England’s David Fitzgerald, Eric Smith or Kristen Blumetti.

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Recap: CBA’s Women in Commercial Brokerage Roundtable Event

CBAEvent1The Women in Commercial Brokerage series is part of the Commercial Brokers Association’s (CBA) larger diversity initiative “to create a more diverse pool of candidates for careers in commercial real estate brokerage.” Their June 20th event, Women in Commercial Brokerage Roundtable, was hosted at CBRE/New England’s 33 Arch Street 10th floor cafe and focused on work/life balance. The event was moderated by our Alison Powers and the panelists included Kerry Hawkins, Senior Director at HFF, Molly Heath, Executive Vice President at JLL, and Kate Lien, Senior Director at Cushman & Wakefield. In addition to being successful brokers, each of the panelists are mothers and had a variety of tips for the budding audience.


This event came on the heels of a CBA panel lead by Dune Thorne, Partner at Brown Advisory, where she stated “70% of valedictorians are girls, yet only 4% of S&P 500 CEOs are women.” With that powerful quote in mind, Powers kicked off the discussion with a mission, “30 years from now our goal is to have these same women, and even more, in this room.” Hawkins, Heath and Lien each brought different perspectives and advice for how to get more women in the room, support your career, your family and yourself. Topics discussed included taking maternity leave, managing the day-to-day home/work schedule, handling after work events, and maintaining a good support system at work and home.

The evening concluded with more open dialogue between panelists and attendees. Powers wrapped up the conversation with, “Keep coming to these events. Spread the word about the committee. These conversations were powerful tonight.”

Stay tuned for another Women in Commercial Brokerage CBA event in September.