Biogen Reportedly Scouts Volpe Move
Biogen is reportedly in negotiations to lease up to 500,000 square feet as the first tenant at MIT’s redevelopment of the Volpe Center property in Cambridge.
Pru Tower Gets 413K SF Ropes & Gray Lease Renewal
Law firm Ropes & Gray extended its office lease for one-third of the Prudential Center tower in Boston’s Back Bay through 2041, landlord Boston Properties announced.
Community Good Works
Clinton Savings Bank announced it collected around $10,000 worth of toys and other donations for local families in its first-ever holiday toy drive. See who else gave back.
Lower Mills’ Baker Chocolate Factory Trades for $41M
Dorchester’s Baker Chocolate Factory apartments traded for $41 million in a transaction between a pair of local developers.
Newton Lender Funds Acquisition of Boston Club Quarters Hotel
The 178-room hotel at 161 Devonshire St. was previously owned by Blackstone, which defaulted on a loan in 2023 for four Club Quarters hotel properties.
Bridgewater Developer Sells Hudson Apartments for $67M
Bridgewater-based Claremont Companies sold a 176-unit apartment complex in Hudson to an institutional investor for $67 million.
Three More Suburbs Vote Down MBTA Communities Law
Voters in Halifax, Marshfield and Wrentham rejected rezoning plans to add multifamily districts to comply with the MBTA Communities law.
What’s in Store for Mass. Construction Industry Under Trump
CIM’s Jeff Mahoney explains how the incoming Trump administration plays a role in Massachusetts’ infrastructure projects, the funding obstacles ahead for the industry and the priorities next session for industry advocates.
Newton Building Owners Face New Energy Use Rules
Commercial building owners in Newton will be required to reduce fossil fuel use that contributes to greenhouse gas emissions or submit payments to the city.
Parking Minimums Topple in Somerville
Somerville will now be the second city in...
$275,000 Salary OK’d for New MassDevelopment CEO
MassDevelopment directors approved a $275,000 salary for the state financing agency’s new CEO, Navjeet Bal, under an employment contract that runs through the end of 2027.
Dedham Partnership Buys Medway Shopping Center
A partnership between two Dedham commercial real estate investors acquired a neighborhood retail center in Medway for $8 million.
Personnel File – No. 390
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
State Eyes Housing Push on Cape Military Base
Hungry for housing production, public officials are eyeing the massive, mostly state-owned Joint Base Cape Cod, which includes parts of the towns of Bourne, Falmouth, Mashpee and Sandwich.
Massachusetts’ Transportation System Is at Risk in 2025
The coming months will determine whether we continue transforming to meet our goals for transit, climate emissions and economic growth, or if we’ll stall out.
In Search for Mass. Housing Fixes, It’s Land, Ho!
Many believe that solving our own housing crisis is out of our control because we have no land to build on, but that is not so. What is lacking is broad political will.
2024 Could Be the Year Boston’s Office Rebound Started
But recovery could still be a decade away: North of 40 million square feet of office space is vacant, and the rise of AI means future office demand is still uncertain.
Hot Property: Korro Bio HQ
A biotech company that raised $70 million earlier this year is settling into new headquarters within the former Sears anchor space at the CambridgeSide property.
Keeping a Close Ear to the Ground in the Fenway
Steve Farrell is leading Fenway Community Development Corp. as the 51-year-old nonprofit housing agency expands its development and acquisition pipeline.
Downtown Residents Raise Red Flags
While Boston’s commercial real estate post-pandemic struggles have been well-publicized, new research shows cracks in the downtown residential market.
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