Reading Apartments Sold to Bell Partners for $96M
Bell Partners paid $96 million for a Reading property in the latest investment from its $1.3 billion value-add apartment fund.
Oxford Resumes Acquisitions with Fan Pier Buy
The real estate arm of a Canadian pension fund resumed its big-ticket acquisitions in Boston with the $435 million acquisition of a Fan Pier office tower from Clarion Partners.
Old Laws Give City the Win in White Stadium Court Battle
The state’s highest court rejected a challenge to the city’s renovation of White Stadium to provide a home field for student athletes and the Boston Legacy women’s pro soccer team.
West End Towers Deal Paves Way for Multifamily Mega-Merger
Attorney General Andrea Campbell’s office announced Tuesday that multifamily giants AvalonBay Communities and Equity Residential agreed to sell two apartment towers in Boston’s West End.
Marlborough Industrial Portfolio Trades for $28M
A partnership of two real estate investors bought a two-building, 134,413 square-foot industrial portfolio in Marlborough for $28.15 million.
Gillette Buys Future $1B HQ Site in South Boston
The razor manufacturer’s parent, Procter & Gamble, paid $99.3 million to acquire the 232 A St. property from Breakthrough Properties.
Boston Increased Assessments on 150 Properties After Appeals
The practice appears to have been designed to minimize the drain on municipal tax revenues from declining commercial assessments, a legal group suing the city claims.
110-Unit Boston Residential Conversion Gets Financing
A Newton developer that plans to convert a historic downtown Boston office building into 110 apartments received construction financing from a Miami-based lender.
Concord 40B Project Financed by British Pension Manager
A Concord office park will be gaining 201 new apartments thanks to money from a storied British retirement funds manager.
‘Taj Mahal of Passive House’ Gets $281M Green Financing
Boston’s Winthrop Center skyscraper will save on borrowing costs after tapping into the PACE Massachusetts program that rewards energy-efficient buildings.
‘Mission-Critical’ Amazon Robotics Hub Trades for $43M
A mainstay of the northern suburbs’ growing robotics cluster was reportedly acquired for $43 million.
Personnel File – No. 454
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Day of Reckoning for Boston’s Lab Market
The region’s historic lab building boom – and subsequent glut – has largely played out. Now, lenders and landlords are looking for alternative uses for their empty buildings.
The Throughline Between Sewer Lines and Housing Projects’ Bottom Lines
In some communities, the sewers are already operating at capacity, seemingly preventing new development from providing fiscal relief. It doesn’t have to be this way.
The Mass. Innovation Economy Has New Competitor to Fear: Ohio
It’s time for Massachusetts to get its competitive mojo back, and fast. From Silicon Valley to Ohio’s Silicon Heartland, everyone else is eating our lunch.
Bringing New Life to Real Estate Relics
Former stables and monasteries presented opportunities for architect John Holland to launch a development business following decades in his family’s construction firm.
How Mass. Should Refocus Pro-Housing Efforts, Post-Rent Control
Together, we must decisively pivot away from the rent control ballot question and redirect our energy towards passing more housing reforms on Beacon Hill.
Hot Property: Shore Haven Falmouth
Located across from Surf Drive Beach in Falmouth, a 21-room hotel under new management features interiors by Boston designers Reider + Co. that are inspired by the Cape Cod landscape.
BPDA Approves $72M Development in Mattapan
The 6-story project at 1590 Blue Hill Ave. would replace an auto repair garage that’s occupied the nearly 1-acre parcel since 1976.
Community Good Works
Boston-based Shawmut Design and Construction’s cycling team completed the 19th annual Pan-Mass Challenge earlier this month. See who else gave back.
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