New Owner Drops Residential Plan for Troubled Hyde Park Property
The owner who acquired a distressed Hyde Park development site last year is pivoting away from multifamily housing in a new proposal submitted to Boston officials.
A Green Light for Project Lite Brite?
Massachusetts’ green energy transition means battery storage facility proposals are showing up close to residential neighborhoods, setting up new permitting battlegrounds.
Hot Property: Forge Lenox
Pennrose’s latest Massachusetts project includes 65 apartments in 13 townhouse-style buildings designed to blend into the Berkshires hills.
Greystar Joins Riverside Project Team as More Changes Sought
A pair of real estate developers are joining the team for the long-delayed Riverside station project in Newton, along with another set of changes to the plans.
Boston Officially Has a ‘New Edition Way’
Roxbury born-and-bred R&B quintet New Edition officially has a place on the map in its hometown thanks to the Boston Public Improvements Commission.
Reading Apartments Sold to Bell Partners for $96M
Bell Partners paid $96 million for a Reading property in the latest investment from its $1.3 billion value-add apartment fund.
Oxford Resumes Acquisitions with Fan Pier Buy
The real estate arm of a Canadian pension fund resumed its big-ticket acquisitions in Boston with the $435 million acquisition of a Fan Pier office tower from Clarion Partners.
Marlborough Industrial Portfolio Trades for $28M
A partnership of two real estate investors bought a two-building, 134,413 square-foot industrial portfolio in Marlborough for $28.15 million.
Gillette Buys Future $1B HQ Site in South Boston
The razor manufacturer’s parent, Procter & Gamble, paid $99.3 million to acquire the 232 A St. property from Breakthrough Properties.
Boston Increased Assessments on 150 Properties After Appeals
The practice appears to have been designed to minimize the drain on municipal tax revenues from declining commercial assessments, a legal group suing the city claims.
110-Unit Boston Residential Conversion Gets Financing
A Newton developer that plans to convert a historic downtown Boston office building into 110 apartments received construction financing from a Miami-based lender.
‘Taj Mahal of Passive House’ Gets $281M Green Financing
Boston’s Winthrop Center skyscraper will save on borrowing costs after tapping into the PACE Massachusetts program that rewards energy-efficient buildings.
‘Mission-Critical’ Amazon Robotics Hub Trades for $43M
A mainstay of the northern suburbs’ growing robotics cluster was reportedly acquired for $43 million.
Day of Reckoning for Boston’s Lab Market
The region’s historic lab building boom – and subsequent glut – has largely played out. Now, lenders and landlords are looking for alternative uses for their empty buildings.
Bringing New Life to Real Estate Relics
Former stables and monasteries presented opportunities for architect John Holland to launch a development business following decades in his family’s construction firm.
Hot Property: Shore Haven Falmouth
Located across from Surf Drive Beach in Falmouth, a 21-room hotel under new management features interiors by Boston designers Reider + Co. that are inspired by the Cape Cod landscape.
BPDA Approves $72M Development in Mattapan
The 6-story project at 1590 Blue Hill Ave. would replace an auto repair garage that’s occupied the nearly 1-acre parcel since 1976.
More Housing Construction Set to Begin at Devens
MassDevelopment provided $4 million in financing to a homebuilder toward the latest housing project at Devens: a 46-unit mixed-income apartment complex.
Red Sox Lease 100K SF at Samuels’ Fenway Tower
The Boston Red Sox are expanding their real estate footprint in the Fenway with a major lease at an office building developed by Boston-based Samuels & Associates.
Alexandria Lands 160K SF Tech HQ Lease in Andover
In a sign of shifting strategy for the nation’s largest lab landlord, Alexandria Real Estate Equities leased an Andover property to a tech company that will primarily occupy it as office space for up to 400 employees.
