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Philadelphia Commercial Real Estate

MEANWHILE, JUST UP THE ROAD

By the way, we had a little show in a nearby city. At our First Annual Boston Real Estate Summit, reps of BlackRock, New Boston Fund, and AEW Capital were upbeat about investment sales, with the usual caveat that it depends on location, quality and stabilization of asset, and creditworthiness of tenants. But it was a far cry from our summit a year ago there, where the question was whether Boston had hit bottom yet.
Like Philly, Boston is benefiting from the boom in pharma. Yesterday we snapped this at Boston's Fan Pier in the Seaport District of two buildings being developed by The Fallon Co, which has already pre-leased 1.1M SF to Vertex Pharmaceuticals, which is moving from Cambridge to this area near the airport.

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