Medford Hyatt Place Sold to New Hampshire Hotel Group
The 158-room Hyatt Place Boston/Medford was acquired by a New Hampshire hotel group that owns a large portfolio of hospitality properties along the East Coast.
Medtech Firm Relocates HQ to Blue Sky Drive
A medical technology company will expand and relocate to Burlington’s Blue Sky Center after signing a lease with owner Nordblom Co.
Hanover Crossing Apartments Sold for $156M
A 300-unit apartment complex developed as part of the mixed-use transformation of the Hanover Mall traded for nearly $156 million.
Channel Center Loan Transferred to Special Servicer
Following State Street Corp.’s recent decision to vacate the property, the One Channel Center office building in Boston’s Fort Point has been transferred to a special servicer.
Shoppers World Owners Complete $123.6M Refinancing
The owners of Framingham’s Shoppers World refinanced a portion of the 752,000 square-foot retail property for $123.6 million.
Zoning Change Reduces Power of Design Commission
Changes designed to accelerate approval of housing projects and building conversions were incorporated into the Boston zoning code in the first step in a revamp of city’s development review process.
Watertown Lab Project Gets Tenant, Permanent Financing
A new lab building at Watertown’s Arsenal Yards was refinanced following a Novartis subsidiary’s lease bringing it to full occupancy.
Avidia Bank Could Lose $17M on Medford Lab Project
A failed Medford lab development provides a stark example of how Massachusetts’ rapidly retreating life sciences market left some developers and lenders high and dry.
Immigration Policy Behind Warning Signs in Boston Apartment Market
Boston landlords are monitoring a leasing downturn tied to the Trump administration’s restrictions on international students.
Hot Property: Redgate’s New Headquarters
Redgate’s new headquarters in Boston’s Financial District draws inspiration from the development and advisory firm’s residential projects, including a “living room” for casual coworking and gatherings.
Copper Mill Apartment Towers Approved in Dorchester
Boston officials approved construction of two apartment towers that will transform a commercial section of Morrissey Boulevard and create a new landmark for Southeast Expressway commuters.
96-Room Hotel Proposed in Allston
City Realty Group submitted a proposal for a 96-room hotel catering to business travelers and visiting student families in Allston.
New Developer Seeks to Take Over South End Housing Conversion
A new development team will attempt to complete an office-to-housing conversion in Boston’s South End that was placed on the market by the existing owner.
MBTA Set to Buy Anheuser-Busch Plant for Electric Buses
The MBTA has agreed to acquire a former Anheuser-Busch warehouse near Wellington Circle to house its fleet of electric buses.
Worcester’s Mercantile Center Developer Files for Bankruptcy
The developer of Worcester’s Mercantile Center has filed for Chapter 7 bankruptcy, listing nearly $1.7 million in debts from lenders, investors and other sources.
Office Growth Expected, Except Among Largest Companies
A growing majority of office tenants plan to expand their real estate footprints in the next three years, according to a nationwide survey of occupier sentiment.
One Mystic Tower Adds 221 Condos in Redesign
A “significant” change in housing demand and economic conditions prompted a Newton developer to reduce the size of a planned $300 million residential tower near Sullivan Square in Charlestown while adding 221 for-sale units.
State Offers Five Housing Development Sites at Auction
The Sept. 10 auction is an early test of Gov. Maura Healey’s new program to accelerate disposition of underutilized state land for housing production.
Lender Reportedly Set to Take Ownership of St. Regis Residences
A Seaport District luxury condominium development that struggled with construction delays and slow sales will be transferred to lender Cottonwood Group’s ownership, according to a report.
Students Complete Real Estate Entrepreneurship Program
More than two dozen students from Greater Boston completed the latest installment of a free internship program designed to provide pathways into the real estate industry.
