Industry News
State Recommends Fossil Fuel-Free Pilot Continue
Early data shows a pilot project that allows 10 towns to require new buildings be fossil fuel-free is creating more energy-efficient development.
Chicago Developer Sells Framingham Lowes for $33M
A Chicago real estate investor sold the 19-year-old Lowes Home Improvement store off Route 30 in Framingham for $32.6 million to local investors.
Price Drops Becoming More Common in Greater Boston Housing Market
Price cuts are becoming more common across the nation and in the Boston metro area, but they’re not growing nearly as fast as in the rest of the country.
Lab Incubator Backs Out of Cambridge Mall Conversion
A life science incubator that would have replaced empty storefronts at the Cambridgeside property has dropped its plans for 140,000 square feet of turnkey research space for biotechs.
Winthrop Condo Conversion Points to Bigger Boston-Area Trend
Small apartment buildings perform well, changes in capital markets have made them tough to sell to investors.
DCU Merger Gets Regulatory Approval
The nation’s credit union regulator has approved the proposed merger between Marlborough-based Digital Federal Credit Union and California-based First Tech Federal Credit Union.
MGB Says It Will Propose Twin-Tower Revamp at the Brigham
Massachusetts’ biggest hospital chain says it will replace one of the towers at the Brigham and Women’s Hospital in Boston’s Longwood Medical Area.
Indie Bookstore Inks Lease at Allston Labworks
A two-year-old independent bookstore in Melrose will expand into Boston with its second location at Allston Labworks.
Boston Starter Home Demand Outpaces Nation
As prices continue to rise, starter homes are more in demand across the nation, including in Greater Boston.
Lab Project Primed to Begin Marlborough Property’s Next Chapter
With a build-to-suit facility for the state Crime Lab finalized, owners of The Campus at Marlboro are studying their next development opportunities including commercial and residential space.
Healey: Next Steps on Highway Plazas Remain Under review
As the dust settles from Applegreen’s decision to walk away from a controversial service plaza redevelopment contract, Gov. Maura Healey said the state is still trying to figure out where and when it will go from here.
Hub on Causeway Lines Up $490M Refinancing
BXP and Delaware North Cos. are on the verge of landing $490 million in refinancing for The Hub on Causeway’s office and retail space in Boston’s West End.
Eastern Bank Gets Regulatory OK for HarborOne Acquisition
Eastern said it expects to formalize the tie-up on Nov. 1, but a core systems conversion won’t take place until next year.
Fenway Nonprofit Rebrands and Redoubles Housing Focus
Fenway Community Development Corp. has roots in an infamous 1970s arson-for-insurance payoffs ring that prompted neighborhood residents to organize and demand officials take action.
Personnel File – No. 421
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Searching for Solutions to Boston’s Lab Glut
Developers have seen the bottom fall out of the Boston lab real estate market. But construction costs over $1,000 per square foot put most non-biotech tenants out of reach.
A Call for New Housing in New Bedford
Joshua Amaral is steeped in efforts to make New Bedford better. Now, he’s leading the city’s drive to recruit more housing, including market-rate development.
Who’s Worried? Not Tom O’Brien
The HYM Investment Group chief faces down a tough financing environment and a threat from a prominent politician to force an eminent domain sale of the Suffolk Downs development site.
Hot Property: 55 Hudson St.
Asian Community Development Corp.’s 55 Hudson St. project broke ground recently. The building will create 110 affordable homes and bring a permanent branch of the Boston Public Library to Chinatown.
Price Cuts A-Plenty in New-Home Market
Homebuilders are going to great lengths these days to move product. Many are still offering exceptional deals, especially on homes that are move-in ready.
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