85-Unit Residential Building Proposed in West Cambridge
The all-electric building would contribute to Cambridge’s Affordable Housing Trust as a trade-off for not meeting the city’s green roof requirements.
Theater District Tower Trades for $234M
With the possibility of rent control in Massachusetts sidelined for the immediate future, a Boston apartment high-rise sold for $234 million to a Miami-based investor.
Computershare-Anchored Offices Sold to Lender for $21M
A lender took possession of a Canton office property that went to online auction this spring in a $21.35 million transaction.
Boston Developer Buys Fort Point Offices for $28M
Another brick-and-beam office building in Boston’s Fort Point traded hands with its acquisition by a local real estate investor.
Barros Part of Team Picked for Springfield Courthouse Redevelopment
A development team that includes Massachusetts Convention Center Authority Interim Executive Director John Barros has been selected to build Springfield’s new regional courthouse.
Weymouth Air Base Parcels Sold to Master Developers
The latest master development team paid $65 million to acquire parcels at what could become Massachusetts’ largest real estate project.
Wu Nominates Housing Developer to BPDA Board
A developer of “socially impactful” housing projects would fill a vacancy on the board created by the retirement of longtime member Ted Landsmark.
Kohl’s-Anchored Plaza Sold to Sherborn Investors
A community shopping center anchored by Kohl’s in Springfield was sold to Sherborn-based investors for $10.2 million.
House Adds ‘Yes In God’s Backyard’ to Economic Bill
The House plans to vote Wednesday on a $425.1 million economic development package that carries over some of Gov. Maura Healey’s priorities while adding a slew of new housing-related policy ideas.
After Upgrades, Woburn Hotel Sold for $39.4M
A hospitality fund paid $39.4 million for a suburban hotel that was upgraded with new event and restaurant space during a decade-long ownership period.
Fenway Apartments Trade for $27M to Plumbrook
A 54-unit portfolio of apartments overlooking the Emerald Necklace in Boston’s Fenway has been acquired by a New York City investor, Plumbrook Capital Partners, for $27 million.
Personnel File – No. 449
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Pennrose’s Playbook Blends Preservation and Housing Production
Karmen Cheung is leading affordable housing developer Penrose’s efforts to raise its profile Greater Boston, with at least four mid-sized and one large projects in its pipeline.
Hot Property: 75 Dudley St.
Madison Park Development Corp.’s 75 Dudley St. project will create 15 affordable home ownership units on a former city-owned parcel in Nubian Square.
Faced with Crippling Housing Crisis, Beacon Hill Nibbles at the Edges
Despite promises of a “bold” housing bill this year, with less than a month left to go, state legislators look like they’re going for singles and doubles, not home runs when it comes to the housing crisis.
Amazon Robotics Approved for Wilmington Development
The Greater Boston robotics industry cluster is set to expand with approval of an Amazon Robotics R&D center in Wilmington.
Fort Point Landmark Set to Begin Next Chapter
The 8-story brick block at 263 Summer St. long has provided a “Welcome to Fort Point” moment with its rooftop neon sign. Now, it’s going to mark the location of 77 new apartments.
222K SF Development Gets $37M Construction Loan
A $37 million construction loan from Principal Asset Management enabled developers to move forward with a new two-building industrial park in Billerica.
Cape Cod Inn Sues Copper Mill Over Debt
Boston-based developer Copper Mill allegedly defaulted on a loan used to buy a Chatham inn and sold the property to avoid paying back its debt, a lawsuit claims.
Berkeley Garbe Begins First Project in Billerica
The joint venture between Boston-based Berkeley Investments and German real estate investor Garbe is beginning its expansion partnership with a speculative project in Billerica.
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