The B&T Daily: Jan 7, 2025
Copper Mill Development has burst onto the scene with plans for around 2,000 units at notable properties from Brockton to Somerville.
The B&T Daily: Tuesday, Dec. 17
Commercial property owners in Greater Boston’s biggest suburb now face emissions-reduction rules, just like their counterparts in the urban core.
The B&T Daily: Tuesday, Dec. 10
A developer that has a track record of repositioning former tech campuses for tenants including Amazon and GE just landed another opportunity in Southborough.
The B&T Daily: Wednesday, Dec. 4
Eastern Bank is consolidating its suburban office space north of Boston to a Wakefield office park owned by Hobbs Brook Real Estate.
The B&T Daily: Tuesday, Dec. 3
Could Porter Square see a 15-story affordable housing tower?
Advisor on Boston Rezoning Pens Land-Use Bible
Architect and law professor Sara Bronin finds middle ground between the free market latitude of Houston and restrictive land-use regulation of New England in her new book, “Key to the City: How Zoning Shapes Our World.”
Wu Rejects Tax Compromise, Biz Leader Says
A business coalition offered a compromise deal Friday that would have seen property taxes on commercial buildings rise, but by less than what Boston’s mayor wanted.
Data Shows Hispanic Home Value Gap Decreases in Boston
In Boston, the gap in home values between Hispanic homeowners and white homeowners currently sits at 13.7 percent, a measurable reduction from prior years.
Malden Shopping Center Sold to Needham Developer
Needham-based RK Centers paid $26.3 million for a Stop & Shop Supermarket-anchored retail property in Malden that had previously sold in 2023 for $21.4 million.
Fewer Agents, Appraisal Worries: What’s Next for Real Estate
As the real estate industry continues to struggle with the fallout from the commission lawsuits, increased mortgage rates and a significant decline in the number of transactions, one observer is optimistic.
Bunker Hill Campus Redevelopment Sets Call for Offers
Proposals to add housing and commercial space to Bunker Hill Community College’s Charlestown campus are due Dec. 10, state real estate officials announced.
Rockland Trust Facing $54.6M Non-Performing Route 128 Office Loan
While Rockland Trust saw deposit and net interest margin growth, a $54.6 million office loan was reclassified as non-performing executives said Friday morning, hampering the gains the bank made in the third quarter.
Court Rules Somerville Underpaid, Owes $30M on Inner Belt Property
The Massachusetts Appeals Court ruled in favor of a developer that challenged an eminent domain taking of its property for a new Somerville public safety complex, awarding $30 million for the acquisition.
New Boston Property Tax Outlook Shows Smaller Resi Jump
Updated assessment data from Boston City Hall shows a smaller projected increase in residential property taxes in 2025, but Mayor Michelle Wu is still lobbying for legislation shifting a larger portion of the tax levy onto commercial properties.
Movie Studio Project Derailed in Braintree
A Braintree property that was pitched for a major film studio development has been listed for sale by the current owner, who also donated a 39-acre portion of the site to a South Shore wildlife hospital for a nature preserve.
Boston Beginning to See Effects of Mortgage Rate Drops
With the Federal Reserve cutting its benchmark interest rate in September, the lower interest rates appear to have driven some increased market activity in Greater Boston.
Two Biotechs Lease Half of Big Watertown Development
A speculative life science development completed in June landed its first two leases committing to more than half of the 225,000-square-foot building outside Watertown Square.
Leominster Credit Union Changes Name
“We decided to change our name to better represent our mission, vision, and the diverse communities we serve. This change marks our commitment to innovation, growth, and inclusion,” the credit union wrote on its website.
Medford Square Parcels Offered to Housing Developers
City-owned properties near Medford City Hall will be offered to private developers for multifamily housing as officials seek to activate asphalt-covered parcels in the downtown area.
Boston Not a Top Market for Real Estate Investors
While New England was represented in a recent report from Realtor.com regarding the top markets for real estate investors, Boston failed to crack the top 20.
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