MACDC Urges Approval of Rent Control Compromise
The organization that represents community development corporations in Massachusetts says a proposed rent control compromise would ensure a continuing pipeline of affordable housing.
Foreclosure Auction Scheduled for Lewis Wharf Offices
A North End office complex is scheduled to be auctioned to the highest bidder as lender Hingham Institution for Savings initiates foreclosure proceedings.
Report: Rent Control Would Drive Up Tax Rates 6 Percent
The typical Massachusetts house would pay $312 more per year in property taxes to offset proposed rent control’s impact on rental properties, an analysis says.
Pennrose Breaks Ground on Allston Housing Project
Mixed-income housing specialist Pennrose has begun construction of an all-affordable Allston project that’s scheduled for completion in 2027.
Another Hotel Project Approved in Allston
A 7-story hotel catering to Boston Landing area visitors will replace an auto parts store under plans approved by the Boston Zoning Board of Appeal.
Embrace Boston Invests in Downtown Office Market
The acquisition of a downtown Boston office building will give nonprofit Embrace Boston a new cultural hub steps from its landmark sculpture. It also represents a vote of confidence in the neighborhood’s commercial real estate market.
Boston Begins Study of Climate Project Costs
It’s a multi-billion-dollar question lingering over the city of Boston’s plans to protect neighborhoods from rising seas: who pays for the flood barriers?
Clean Energy Company Joins Hood Park Tech Cluster
A venture capital-funded company that’s developing electrified boilers and furnaces is settling into its new headquarters at Charlestown’s Hood Park.
Quincy Set to Add Housing in Office Park
Multifamily housing would replace an office building in Quincy’s Crown Colony Park, which was rezoned last year to encourage reinvestment.
Multifamily Developer Targets Boston for Growth Despite Rent Control
Undeterred by the threat of rent control, a national multifamily investor named a local executive to oversee its development platform’s growth in Greater Boston.
Power Struggle Roils Newmark Capital Markets Team
A bombshell lawsuit details a high-stakes leadership battle at Newmark’s Boston-based capital markets team, pitting brokers Edward Maher Jr. and Matt Pullen against its longtime leader, Robert Griffin Jr.
Hot Property: Newton’s Pattern District
Northland’s 23-acre Newton Upper Falls project progressed with the completion of framing for the first residential building at the Pattern District.
Optimizing Construction Costs and Schedules Through AI
Ziv Levi’s startup uses AI to translate construction drawings into nuts-and-bolts work plans, potentially saving developers and contractors time and money.
Brookline Approves Route 9 Rezoning in Landslide
An aging office park on Route 9 can be redeveloped as hundreds of apartments, condominiums and a 200-room hotel after City Realty Group won zoning approval.
Boston Landmarks Orders Delay of Brewery Demolition
Boston’s Landmarks Commission enacted a 90-day delay on demolition of a former Jamaica Plain brewery after hearing testimony from staff and the public about its historic significance.
$174M Courthouse Project Begins in Framingham
Work is underway on the third collaboration between Finegold Alexander Architects and a Rhode Island construction company on a courthouse project in Massachusetts.
A.W. Perry Buys 128-Acre South Shore Development Site
After acquiring 128 acres in Kingston including the former Sacred Heart High School campus, developer A.W. Perry is poised to pursue a large residential development.
Boston Assessor Departs as City Responds to Property Tax Lawsuit
Boston’s Commissioner of Assessing Nicholas Ariniello is departing from City Hall after 20 years as the city defends itself from a lawsuit alleging unfair treatment of some commercial property owners.
New Owner Lures Retailer to 128 You-Do-It Landmark
The new owners of a Route 128 landmark completed a retail lease with a national athletics gear chain following the property’s first change of ownership since 1971.
Greater Boston Apartment Leasing Slumps as Vacancies Hit 6.9 Percent
Greater Boston apartment landlords are battling twin problems: a sudden drop in demand and the lingering remnants of the post-pandemic construction boom.
