We have the ‘coolest’ clients

We have the ‘coolest’ clients

Uncategorized
Bomb Pops, Drumsticks, and Choco Tacos–oh my! More than 500 free frozen treats were handed out in just two hours last Thursday as the Cummings Cones ice cream truck rolled through our Gill Street and Tower Office Park locations. Sunny skies and the opportunity to feel like a kid again drew clients outside to enjoy their ice cream novelties of choice, network with neighbors, and even play a round of cornhole. In a pre-event poll, clients ranked the Chocolate Éclair as the most treasured treat. The Chipwich Ice Cream Sandwich, however, was far and away the most popular choice of the day. You can’t beat a classic. Check out our time-lapse video for a small taste of the action. It's always great chilling with clients, and we have the pictures to prove it. Check out…
Read More
Work Hard, Play Hard

Work Hard, Play Hard

Uncategorized
This summer, it’s been all hands on deck at Cummings Properties as we are in the heat of several new construction projects. In fact, even the Company’s founder, Bill Cummings, is getting in on the action! Although our team has been working hard, we still found plenty of opportunities to kick back and have fun off-the-clock. Colleagues came together for picnics, barbeques, sunset cruises, Red Sox games, and more. Want to get in on the action? Expanding our properties requires adding new members to our team of more than 300 commercial real estate professionals. Check out our Careers page to learn more about open positions, including plumber, electrician, carpenter, landscaper, leasing officer, and architectural designer. To stay up to date on all things Cummings Properties, follow us on Facebook, Twitter,…
Read More
A Recycling Project of Historic Proportions

A Recycling Project of Historic Proportions

Uncategorized
“We would like even more people to come and visit. It’s wonderful to see the past so lovingly preserved.” ~ David Delorey Delorey isn’t talking about a museum or state park, but rather Cummings Center, our 2 million-square-foot office park in Beverly, Massachusetts. Walk one of the quarter-mile-long hallways at 100 Cumming Center and, amidst an eclectic mix of retail shops, biotech startups, and medical offices, you’ll catch glimpses of the property’s storied past. Antique machinery, floor-to-ceiling wall murals, century-old blueprints, and other relics spread throughout the 72-acre business campus create a de facto museum for United Shoe Machinery Corporation, the former owner of the site and former employer of Delorey and multiple generations of local workers. United Shoe was once a corporate giant. The giant fell, however, when the…
Read More
Lab Space: Is the “Top” Choice the Best Choice?

Lab Space: Is the “Top” Choice the Best Choice?

Uncategorized
“When it comes to life sciences real estate, Cambridge is still tops,” shouts a recent Boston Business Journal headline. There’s no disputing that the home to MIT and Harvard is a breeding ground for biotech brilliance. You only have to read as far as the first sentence of the article, however, to learn that “tops” also describes rental rates. “Boston and Cambridge are by far the most expensive life sciences markets to rent lab space in the United States.” In the spirit of Avis’ iconic “We’re No. 2!” advertising campaign, Cummings Properties is happy not to have the top spot in this category. Although we can’t claim to be the hub of the life sciences universe, we’re proud to have created thriving mini-hubs in Medford, Woburn, and Beverly. [caption id="attachment_1504"…
Read More
5 Fun and Functional Greater Boston Rooftops

5 Fun and Functional Greater Boston Rooftops

Uncategorized
Cummings Properties employees can reach right out the lunchroom window for fresh basil while patrons of the Revere Hotel can swim outside seven stories up! Here are five ways Greater Boston businesses are taking their rooftops to new heights. 1. Incredible Edible Landscape Cummings Properties team members flexed their collective green thumb to create a small garden on the roof of the Woburn-based commercial real estate firm’s corporate office. 2. Swimming in the Clouds Boston’s Revere Hotel boasts one of the most coveted rooftop pools in Massachusetts. Complete with cabanas and cocktails, this heated pool seven stories above Back Bay is a great place to make the most of the short New England summer. 3. Get Blown Away A popular addition to the Boston skyline is producing significant educational benefits and…
Read More
10 Popular Apps for the Efficient Commercial Real Estate Professional

10 Popular Apps for the Efficient Commercial Real Estate Professional

Uncategorized
In a world in which “there’s an app for that” has become the standard solution to most productivity problems, mobile devices are the new Swiss Army knife. For commercial real estate professionals looking to work smarter, not harder, there is no shortage of high-tech resources to get things done more efficiently. Productivity 1. DocuSign DocuSign provides a simple and secure way for property managers and brokers to electronically sign documents and collect signatures. Available On: iOS, Android, Windows 2. Dropbox Drop Box is a cloud-based storage solution that makes your documents, photos, and videos readily available on almost any device. Users can create folders and share them with relevant parties, such as clients or lawyers. Available On: iOS, Android, Windows 3. Google Sphere Cam Google Sphere Cam creates 360-degree panoramas, allowing you to give prospective…
Read More
Understanding the Common Area Factor: Usable vs. Rentable Square Footage

Understanding the Common Area Factor: Usable vs. Rentable Square Footage

Uncategorized
It’s not uncommon, nor unreasonable, for clients to question why they’re paying for space they think they aren’t “using.” This common area of confusion is caused by what is often called common area factor. Essentially, it is a formula used to set a rental rate that factors in the space being used solely by the client as well as a portion of the space that is accessible to multiple clients within a building, such as lobbies, stairwells, main hallways, shared restrooms, etc. Usable square footage Usable square footage refers to the space your firm actually occupies. It is measured wall-to-wall and typically does not include areas taken up by structural elements, such as columns or recesses. For clients that occupy full floors, areas such as hallway restrooms may also be…
Read More
Embracing the Startup Industry

Embracing the Startup Industry

Uncategorized
From East Cambridge to the ‘burbs of Greater Boston, the local startup industry continues to boom.  Frequently operating with tight budgets and uncertain futures, however, these early-stage companies are not ideal prospects in the eyes of many commercial real estate firms. By focusing instead on the high potential of passionate, innovative entrepreneurs, Cummings Properties has found plenty of reasons to take a chance on the “little guy/gal” and has developed strategies to create win-win leases with startup firms. [caption id="attachment_964" align="alignright" width="950"] Image via mashable.com[/caption] Flexible lease terms Forecasting business growth beyond a few years can be difficult for well-established firms and is especially challenging for startups. As a result, young companies are often wary of signing long-term leases. By offering early-stage firms flexible short-term leases – with a guarantee…
Read More