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Owners will be reviewing contracts for agreements outlined, and what contractual rights and duties exist in light of the conditions caused by the spread of the coronavirus.
Some condo developers have abandoned selling units because they've only been able to sell 10 percent of the property to which they resort to renting the remaining 90 percent.
The CBRE report states that life science companies occupy approximately 30 million square feet of lab space in Greater Boston with more than 4 million square feet of space in the development pipeline.
"Based on what we know today, I think we will see the employment picture turn negative, but it is doubtful that the impact on growth and the number of jobs lost would be as severe as the Great Recession."
New York-based real estate investment management firm Marx Realty has signed 184,000 square feet of new leases at 10 Grand Central since the announcement of the 36-story building's $48 million repositioning in mid-2018.
Thor Equities Group has acquired 95 Greene St., a 337,888-square-foot property in Jersey City, New Jersey featuring rental space for the life sciences sectors, according to Daniel Loughlin, JLL vice-chairman and who represented Thor Equities in the acquisition.