First MBTA Communities Projects Surface in Medford, Needham
Developers are planning the first two proposals under MBTA Communities law districts in Medford and Needham, which could create 437 new apartments steps from transit stations.
Personnel File – No. 413
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Boston Offices Trade for 55 Percent Discount
A partnership of Tritower Financial Group and Live Oak Real Estate Investments paid $28 million for One Bowdoin Place.
Developer Claims BPDA Violated Court Order for Hyde Park Project
An April court order said developers of a 204-unit apartment project in Hyde Park were entitled to an “expeditious” review and final decision.
Veolia Opens New Financial District HQ
Veolia North America’s 150-employee regional workforce is settling into new offices in downtown Boston, relocating within the Financial District to 100 Federal St.
Hood Park Expansion Promises Hotel, Electric Grid Upgrade
Owners of Charlestown’s 20-acre Hood Park are ready to take the next step in its transformation with plans for a 160-room hotel and 90-unit residential building.
Community Good Works
It’s the scholarship season — check out who donated how much to students this year.
Robotics Campus Gets $92M Financing Deal
A Wilmington business campus that’s fully leased to robotics, R&D and distribution tenants received $92 million in financing.
Hamilton Co. Pays $175M for Belmont Apartments
Allston-based Hamilton Co. acquired a 396-unit apartment complex in Belmont from the original developers for $175 million.
Malden Apartment Building Sold for $112.5M
The 295-unit building at 500 Broadway in Malden has been acquired for $112.5 million.
Elkus Manfredi Picked to Design South Station Offices
The first office tenant to lease space in the new South Station Tower selected Boston-based Elkus Manfredi Architects to design its 41,000 square-foot workspace.
Marcus Partners Targets Regional Tenants with Acquisitions
Boston-based Marcus Partners expanded its industrial portfolio with acquisition of three multi-tenant properties in Holliston and Norwell.
Home Flipping Profits Drop in First Quarter
Data analytics firm Attom released its first quarter home flipping report, finding that profits from flipped sales are down compared to last year.
Developers Say New Hotel Would Boost Convention Business
A proposed 438-room hotel near the Boston Exhibition and Convention Center will provide nearly half of the rooms needed to accommodate an expansion of the meeting hall, developers say.
Zara Opens Two-Floor Store in CambridgeSide Mall
Fast-fashion brand Zara, the latest addition to CambridgeSide, has opened an expansive, two-floor store with collections for women and men.
Mount Vernon Company Buys Downtown Plymouth Hotel
Mount Vernon Company plans to reposition a downtown Plymouth hotel following an acquisition that expands its hospitality portfolio to four Massachusetts properties.
Somerville Councilors Set to Review Somernova Zoning
Somerville City Councilors tonight will review zoning changes that set the ground rules for a 1.5 million-square foot tech campus planned by Boston-based Rafi Properties.
Median Single-Family Sale Price Hits $666K in May
Despite constraints by rising prices, historically high mortgage interest rates and limited inventory, the number of single-family home sales in Massachusetts increased 2.4 percent compared to May 2024, and 2.2 percent for the year.
FPA Sells Easton Apartments for $33M
San Francisco-based FPA sold Zen Easton, an Easton 55-and-over housing complex containing 99 units, for $33 million.
Inventory Growth Leads to Increased Price Cuts
While the residential real estate market has largely been tipped in the favor of home sellers, increased inventory is leading to more price cuts.
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