Boston Suburbs Drawing More Office Tenants as Downtown Wanes
Declining rents and shorter employee commutes are prompting eastern Massachusetts companies to favor suburban office deals, according to local brokerage research.
Poll: Housing, Transportation Costs Pushing People Out Of Mass.
One in five Bay Staters envisions themselves leaving Massachusetts for another state within the next five years, according to a new poll that found a sizable majority of residents burdened by high housing costs.
Personnel File – No. 373
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
North Shore Bank Finances Roslindale Development
Boston-based N6 Properties is beginning its first ground-up construction project after receiving financing from North Shore Bank for a Roslindale development.
Davis Raises $1B for Largest Real Estate Fund
Lifting a page from its strategy during the global financial crisis in 2009, The Davis Companies has raised nearly $1 billion to invest in real estate including distressed assets.
Healey Suggests 2027 Start for Sagamore Bridge Replacement
Energized by a federal funding jolt, elected officials gathered at the Sagamore Recreation Area last week, against the backdrop of one of the aging Cape Cod bridges that officials say is now significantly closer to being replaced.
Wu-Kraft Race Looking More and More Likely
Josh Kraft, who heads up the philanthropic New England Patriots Foundation, may not officially be a candidate for mayor of Boston, but he’s making moves and holding talks that potentially indicate an eye on formalizing a 2025 campaign.
Advocating for Waterfront Protections
Linda Orel is Boston Harbor Now’s first chief impact officer, and she’s planning to put her background in lobbying for climate change defenses to work as the organization tries to shape the future of Boston’s waterfront.
Rent Control? Say It Ain’t So, Joe
President Joe Biden last week jettisoned decades spent crafting an image as a moderate Democrat in a transparent ploy to rally party progressives to his foundering campaign.
Hot Property: Juniper
Greystar’s Juniper multifamily development in Everett’s Commercial Triangle will include 416 apartments, three interior courtyards and a golf simulator lounge.
The Real Cost of Selling Goes Way Beyond Agent Commissions
Most people realize they’ll have to pay a hefty commission to sell their homes. But that’s not even the half of it – literally – according to new research.
Search Broadens for Solutions to Office Woes
A growing sense of urgency swirls around Boston’s 11 million square feet of vacant office space, spurring policy debates about the need for new public incentives and the growing burdens on landlords and business growth.
July 22, 2024
‘No Cash Accepted’ Signs are Bad News for Millions of Americans
How many people don’t have a bank account? And just how difficult has it become to live without one? These questions are becoming increasingly important as more businesses refuse to take cash.
BPDA Approves $300M Fenway Development, Stadium Makeover
Housing developer Scape received approval for its third project in Boston’s Fenway neighborhood, creating 400 furnished apartments in a 299,000-square-foot building at 2 Charlesgate West.
Cruz Cos. Sells Housing Complex for $22.5M
Cruz Cos. sold its Taurus at Fountain Hill property in Roxbury in a transaction that will extend affordability restrictions on the 73 apartments.
Mass. Banks Among Those Hit by Global IT Outage
A global technology outage caused by a faulty software update grounded flights, knocked banks and media outlets offline, and disrupted hospitals, small businesses and other services on Friday.
Outgoing Madison Park CEO to Lead MHIC Investments
Outgoing Madison Park Development Corp. CEO Leslie Reid is joining the Massachusetts Housing Investment Corp. to oversee expansion efforts and new product development.
Citizens Plans to Shrink Multifamily Loans
The bank plans to reduce its lending to multifamily real estate projects as part of a broader effort to shrink its commercial real estate loan book, executives said.
Neighboring States Outpacing Mass. on Housing Inventory
As lawmakers attempt to reach a compromise on a bill to grow the state’s housing stock, a new report said that most of the Bay State’s neighbors recently experienced a spike in housing inventory while Massachusetts saw no real change from a year earlier.
