NAR’s Yun Predicts Falling Rates, Rising Sales
NAR Chief Economist Lawrence Yun said he expects interest rates to fall in the long term, and that home sales will rise this year and continue to increase next year.
The B&T Daily, May 7, 2024
WeWork locations in downtown Boston and Back Bay would remain open under a motion submitted in the coworking provider’s bankruptcy case.
The B&T Daily: May 6, 2024
Skanska USA Building has been awarded a two-year, $40 million contract to overhaul Logan Airport’s Terminal B garage. The garage will remain open while while construction crews complete the project designed to improve traffic flow, drainage and lighting.
The B&T Weekly, May 5, 2024
FIs explore wealth management, an indictment of MGM Springfield, and the Museum of African History takes stock of its properties as the oldest nears 230 years.
The B&T Daily: May 3, 2024
A Boston-based developer originally received approval for a 279-unit project at 1717-1725 Hyde Park Ave. in 2020.
The B&T Daily: May 2, 2024
A development group lead by Related Beal has secured funding for Innovation Square Phase III, a 345,000-square-foot complex leased by Vertex Pharmaceuticals for a research center.
Federal Reserve Declines to Cut Interest Rates, Cites Continued Inflation
As expected, the Federal Reserve did not reduce the benchmark lending rate at its meeting yesterday, maintaining the rate at a 23-year high.
The B&T Daily: May 1, 2024
Boston Properties has started construction of the tallest building in Cambridge history, the 121 Broadway residential tower slated for completion in 2027. The project is part of the Boston-based REIT’s Kendall Square development that also includes the 290 and 300...
The B&T Daily: April 30, 2024
A mainstay of Davis Square’s dining scene is relocating to Assembly Row after leasing 6,000 square feet for a takeout market, cafe and dining room.
The B&T Daily: April 29, 2024
The developer of a delayed West Roxbury apartment complex claims that its general contractor engaged in “rampant misconduct” by withholding over $2.2 million in payments to subcontractors.
The B&T Daily: April 26, 2024
Eastern Bank executive said they are highly confident the bank’s merger with Cambridge Trust won’t be delayed much longer.
The B&T Daily: April 25, 2024
Redevelopment plans by Rhino Capital Advisors would restore the historic facade of a Bulfinch Triangle office building while creating an 82-room hotel with an “urban contemporary aesthetic.”
The B&T Daily: April 17, 2024
As more life science conversions and new developments were completed without tenants, Greater Boston’s lab vacancy rate rose to 13.7 percent in the first quarter, CBRE says. The figure, up from 10.8 percent at the end of 2023, represents nearly 7.6 million square feet...
The B&T Daily: April 16, 2024
Seeking to build a new consolidated campus, a North Shore life science company is tackling the question of how to design power-hungry lab buildings with minimal fossil fuel consumption. At an abandoned quarry in Manchester-by-the-Sea, Cell Signaling Technology plans...
The B&T Weekly: April 14, 2024
Boston Looks to ‘Skyline’ for Help By Steve Adams Changes designed to attract more developers and commercial tenants to downtown Boston and avoid a looming fiscal chasm tied to declining office occupancy are moving closer to the finish line. Commercial Interests:...
The B&T Daily: April 12, 2024
A Fenway commercial property added a major new tenant in Berklee School of Music. But what does it have in store for the property? Berklee leased nearly 39,000 square feet at 1249-1255 Boylston St., a 3-story office-retail building, through 2040. The school has a...
The B&T Daily: April 11, 2024
An investment partnership that completed a $171 million acquisition of the Hilton Boston Back Bay hotel plans a capital improvement program to modernize the 41-year-old property. New York-based investment firm Certares, in partnership with Belcourt Capital Partners,...The B&T Daily: April 10, 2024
A BPDA-approved plan endorsed the idea of higher zoned building heights in downtown Boston last year. But now developers have an idea of the specifics Mayor Michelle Wu is proposing. The administration took the wraps off a major rezoning proposal for downtown...
The B&T Daily: April 9, 2024
The developer of a 19-story lab tower in Somerville’s Assembly Square is seeking an extension to redesign the project following a change of ownership and continuing sluggishness in life science leasing. DivcoWest’s 596,000-square-foot project at 120-132...
The B&T Daily: April 8, 2024
A deal with the Massachusetts Department of Transportation moved the 1.3-million-square-foot redevelopment of the MBTA’s Back Bay station property closer to groundbreaking. Boston Properties signed a 90-year lease with the agency for the site, which includes a parking...
