The Casey & Hayes building measures over 400,000 square feet and was owned by Cabot, Cabot & Forbes. CC&F carried out a beautiful renovation (the property is the large, all glass sprawling building on the north side of the Mass Pike opposite the Allston Depot restaurant.) CC&F then alternately marketed as office space and/or lab space unsuccessfully for 3 years. Harvard's purchase reduced vacancy in the Allston Brighton market by 20% in one fell swoop.But Mr. Adams, there is one big problem with your analysis. The building is still vacant! Harvard purchased this empty building 3 years ago and IT IS STILL EMPTY! Harvard has been increasing the vacancy rate in Allston and Brighton for years (VW, CITGO, Charlesbank Cleaners, Kmart, OfficeMax, Toureen, etc).
It is highly irresponsible for Mr. Adams and John Keith (who publishes Adams's post as if it were fact) to spread this inaccurate information.