Tenant Retention Takes Center Stage
A flexible investment strategy has fueled the growth of Helge Capital. With the Boston multifamily market softening modestly, CEO Oleg Uritsky says it’s shifting to focus on keeping tenants from moving.
Hot Property: Omni Parker House
Boston-based Shawmut Design and Construction has completed a $65 million renovation to the longest continuously operating hotel in the U.S
Berklee’s $28M Fenway Acquisition ‘Increases Visibility’
Berklee College of Music is expanding its Fenway campus with the acquisition of a residential development site approved for 400 apartments.
Oliver Street-Bain Partnership Sells Woburn Property
A Denver real estate investor acquired the headquarters of a building materials supplier in Woburn for nearly $17.85 million from Boston-based Oliver Street Capital and Bain Capital’s real estate arm.
CommonWealth Builder Offers $25M for Home Ownership Projects
A critical financing source for affordable home ownership developments in Massachusetts is back in business.
Noise Wall Study, Roundabouts Included in Riverside Mitigation Package
A 753-unit housing development that would provide a multi-million-dollar mitigation package is up for approval by Newton officials next week.
Opportunities and Pitfalls Await Office Investors
Big leases by Hasbro and KKR at trophy office towers have generated buzz about the Boston office market after several years of consolidations and downsizing.
Hot Property: Belmont Skating Rink
Skanska has completed construction of a new athletic complex and ice rink named after a fixture of the Belmont athletic community.
Hastings Marks a Half-Century in Homebuilding
It’s been over 40 years since Tom Hastings started his homebuilding odyssey with the innovative Leisurewoods 55-and-over development in Rockland. Along the way, he’s turned bunkers into housing and helped transform the Hingham Shipyard.
National Development Proposes 950K SF for Ex-Intel Campus
A 149-acre site identified by MassEcon as one of the state’s highest-potential development opportunities is in play for a 950,000 square-foot industrial project.
181 Apartments Coming to Former Framingham Restaurant Property
A development company founded by a pair of former AvalonBay Communities executives has begun construction in the latest of a series of major apartment projects near Framingham’s MBTA commuter rail station.
Developer Proposes $95M Housing Project Near Harvard Square
Homeowner’s Rehab began its final permitting to transform a pair of former Lesley University properties into affordable housing using Cambridge’s affordable housing upzoning law.
Keurig Dr Pepper HQ Sells for 29 Percent Discount
A 431,233 square-foot corporate campus occupied by Keurig Dr Pepper’s headquarters traded for $84.5 million in an acquisition by Los Angeles-based Montana Avenue Capital Partners.
Wayfair, DraftKings HQs Relocating in Office Shakeup
The headquarters of two Boston-based household names are relocating in an office market shakeup involving leases at towers in Back Bay and the Financial District.
Boston Apartment Rent Hikes Plateau After New Deliveries
Greater Boston renters are getting some relief from apartment rent hikes following completion of a series of new developments, with vacancies in Allston-Brighton hitting double digits.
68-Unit Enabled by Cambridge Rezoning
Under Cambridge’s recent citywide rezoning to stimulate multifamily development, a developer proposed 68 apartments in a 6-story building in the Wellington-Harrington neighborhood.
Beverly Apartments Trade to Grossman Companies
Boston-based Foxfield sold one of its three residential properties in Beverly, reaping $11.125 million from the sale of 50 Broadway.
Transom Unveils Designs for Medford Square Development
Transom Real Estate Partners is set to reveal details of the largest development in Medford Square in decades, adding hundreds of apartments to create a new “urban campus” near City Hall.
Leominster Keeps Plastics Manufacturer in 213K SF Lease
A Quebec injection molding manufacturer solidified Leominster’s status as “Plastics City” with a renewal of its 213,000 square-foot lease at 175 Pioneer Drive.
As Funding Wanes, Developers Face Downsizing Decisions
Facing reluctant investors and lenders, developers are pursuing changes designed to salvage projects teetering on the brink of financial feasibility.
