High-End Buildings Keep Lead in Q3 Boston Office Leasing
A virtual city located under one roof, the 1 million square-foot Winthrop Center tower in downtown Boston has a food hall, health clubs, billiard room and even a “Club VIP” doggy daycare.
Samuels Set to Acquire 400-Unit Boston Development Site
Development of a 28-story apartment tower in the Fenway is back in play thanks to the neighborhood’s most active residential developer.
MassDevelopment and BankFive Finance $11M Hyannis Housing
MassDevelopment and BankFive have provided an $11 million loan to a development team planning 45 mixed-income apartments in Hyannis.
HYM Named as Advisor on Carney Hospital Property
Boston-based HYM Investment Group and a Dorchester anti-violence coalition will serve as advisers to the new owners of a former Boston hospital on a redevelopment plan.
Kowloon Will Live on in Redevelopment, Family Says
The family that’s owned the Kowloon restaurant for 75 years unveiled a redevelopment plan to demolish the North Shore landmark to make way for 198 apartments.
Poll Shows Big Support for Upzoning in Boston
A new poll commissioned by a housing advocacy group says majorities of city residents don’t think Mayor Michelle Wu is doing enough to bring down the cost of housing.
144K SF Housing Development Proposed Near Forest Hills Station
The owner-occupant of a commercial property located near the MBTA’s Forest Hills station is seeking approval for 165 residential units.
Somerville Developer Buys Lexington Theater Property
A Somerville developer acquired a Lexington Centre property that includes the Lexington Venue, offices and housing.
Personnel File – No. 422
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
MBTA Communities Law ‘Was Too Effing Complicated’
Housing advocates say the design of Massachusetts’ highest-profile housing reform to date hobbled it from being able to create housing at scale – and might have hurt future moves.
Hot Property: Takeda Theater at The Platform
A 45,000 square-foot performing arts center at the 585 Kendall life science development will be known as The Takeda Theater at The Platform.
Transacting in a Transitional Market Phase
Friends outside CRE wondered whether JLL office broker Sarah Griffith would entertain a career change after the pandemic. In fact, she was having banner years.
Healey’s Housing Production Stats Don’t Always Add Up
Gov. Maura Healey claims we’re already almost halfway to hitting our 2035 housing goal. Is it real progress, or just happy talk from a governor facing reelection?
Uneven Gateway Cities Housing Production May Indicate Bigger Problems Ahead
Early results suggest zoning reforms work only where the private real estate market works like Worcester, while indicating deeper challenges in Western Massachusetts.
Fish Defends Contact with State Transportation Official
Construction magnate John Fish defended a series of conversations with a state official who recommended the award of a service plaza contract to Irish retailer Applegreen over Waltham-based Global Partners.
Drydock Lab Complex Refinanced for $149M
Boston-based Beacon Capital Partners secured $149.2 million in financing for a life science-focused building in the Raymond L. Flynn Marine Park.
Community Good Works
Vantage Builders Raised $50,000 to a support center for military families receiving care in Boston. See who else gave back.
State Recommends Fossil Fuel-Free Pilot Continue
Early data shows a pilot project that allows 10 towns to require new buildings be fossil fuel-free is creating more energy-efficient development.
Chicago Developer Sells Framingham Lowes for $33M
A Chicago real estate investor sold the 19-year-old Lowes Home Improvement store off Route 30 in Framingham for $32.6 million to local investors.
Lab Incubator Backs Out of Cambridge Mall Conversion
A life science incubator that would have replaced empty storefronts at the Cambridgeside property has dropped its plans for 140,000 square feet of turnkey research space for biotechs.
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