London Investor Buys Downtown Crossing Hotel for $125M
A German investor sold Boston’s Godfrey Hotel after an 11-year ownership for $124.5 million.
Study: Transfer Fee for Islands Would Raise $13M Annually
Local officials have repeatedly sought a new transfer fee on real estate transactions on Nantucket and Martha’s Vineyard to fund new housing for the islands’ shrinking middle class.
After Two Years, Boston Picks Second Project for Housing Accelerator Fund
The state’s own fund for kick-starting mixed-income housing developments has been doling out takeout financing to developments across Massachusetts for over a year.
Mini-Whole Foods Coming to Amazon Tower in Boston’s Seaport
Grocery chain Whole Foods Market is bringing one of its small-format “Daily Shop” stores to one of the Seaport District’s newest towers.
Auction Scheduled for Downtown Office Conversion Property
A three-building downtown Boston office portfolio will be auctioned off next month despite its approval under the city’s incentive program for residential conversions.
Judge Lets Boston Tax Retaliation Lawsuit Move Forward
A Suffolk Superior Court judge let a lawsuit move forward that alleges retaliation by Boston officials by increasing commercial property tax assessments.
Wellesley Vote Rejects Immediate Lawsuit with State
But Wellesley voters OK’d an additional $900,000 for potential legal action against a proposed 180-unit housing development.
Pentucket Bank Opens Haverhill Branch
Pentucket Bank has opened a new branch in a brand-new development aimed at helping revitalize downtown Haverhill.
Developer Lists Downtown Block Under New Skyline Zoning
The first property to take advantage of new, tower-friendly downtown zoning has hit the market: a vacant, 7-story office building at 600 Washington St.
Wellesley’s Housing Debate Heads to a Vote
The Healey administration’s program to turn surplus state properties into housing faces one of its biggest tests tonight as Wellesley voters take up a potential 180-unit project.
Feds Broaden Criminal Case Against Ex-Cape Builder Group Head
Prosecutors claimed Rep. Christopher Flanagan laundered stolen money through his campaign account, filed false tax returns and used misappropriated funds for personal expenses like “psychic services.”
First Marshalls Store Location Sold to Boston Developer
A retail property that once housed the first Marshalls store in the U.S. was sold by the longtime owners for $8.5 million.
Personnel File – No. 441
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
For Fort Point Artists, It’s Now or Never to Land a ‘Signature’ Venue
But the jury’s out on whether the Wu administration is ready to go to the mat for an arts, culture and civic palace of the size and scale some artists have set their sights on.
OZ 2.0 May Revive Broken Deals
Changes to the federal Qualified Opportunitiy Zone program could whet high net-worth investors’ appetite for financially troubled multifamily projects, advisors say.
Hot Property: Brookley Flats
Boston’s largest affordable home ownership development includes 45 condominiums, a ground-floor gallery and dedicated artist live-work units.
206-Unit Allston Development Gets $81M Construction Loan
Developers received nearly $81 million in construction financing to kick off a 206-unit apartment building near Packard’s Corner in Allston.
TD Bank Leases Two Floors at International Place in Office Consolidation
With the move to International Place, TD will consolidate its Boston and suburban corporate offices into a singular location across two floors.
MBTA Ordered to Release Details of New Commuter Rail Station
The state Supervisor of Public Records ordered the MBTA to release documents on plans for a new commuter rail station on the Weston-Waltham line tied to a proposed housing development.
For Mass. Residents, Housing Is Where Affordability Hits Hardest
When it comes to the most visible sign of unaffordability in Massachusetts, it all comes down to four walls and a roof, new polling shows.
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