With Banks Pulling Back, Who’s Financing Office Deals?
Behind the scenes of Boston’s troubled office market, landlords and lenders are seeking ways to restructure their existing debt, keep control of properties and avoid foreclosure.
Hot Property: The Davis Cos. Headquarters
Boston-based developer Davis Cos. hired architects Fogarty Finger to redesign its longtime headquarters overlooking the Rose Kennedy Greenway in the firm’s first project in Boston.
Looking Forward Will Maximize MBTA Communities Law’s Impact
With nearly every community complying, there’s still work to be done to make sure new zoning translates to new homes.
Suffolk Downs Announces Rents at First Building
The first building at the 16 million-square-foot Suffolk Downs redevelopment is nearing completion and has begun marketing 475 apartments for occupancy in June.
GSIR, Cronin Group Settle Lawsuit
One of Boston’s prominent luxury brokerages and the developer behind a new Seaport District condominium tower have buried the hatchet in a dispute over allegedly unpaid sales commissions.
BPDA Hits Winthrop Center Over Public Access Promises
The Boston Planning & Development Agency ordered developer MP Boston to open the centerpiece public amenity of its $1.3 billion Winthrop Center skyscraper on weekends to comply with an agreement with the city.
Fallon Co. Gets OK for Development Next to New NFL Stadium
The developer of Boston’s Fan Pier is set to begin another signature project transforming an urban waterfront.
Beige Book Casts Bright Light on Mass. Tourism
A recent survey of banking and business contacts around New England found tourism to be a bright spot in the regional economy, one with a “very bullish” outlook for the remainder of 2024.
Arup Exec Named Boston Climate Chief
Brian Swett is returning to Boston City Hall after a nine-year stint in the private sector to lead the city’s climate change and decarbonization policies.
Lab Vacancy Rate Nears 14 Percent
As more life science conversions and new developments were completed without tenants, Greater Boston’s lab vacancy rate rose to 13.7 percent in the first quarter.
In Milton Dispute, Campbell Will Work with the Town, but ‘the State Trumps’
Even as she takes Milton to court for flouting the MBTA Communities zoning law, Attorney General Andrea Campbell would like to tamp down murmurings that a rebellion is on its way.
City Councilors Raise Questions About Wu Tax Shift Plan
During a four-hour hearing Tuesday, most councilors didn’t take an explicit up or down stance, but voiced concerns about the long-term impact on real estate development or on small businesses.
Harvard Files New 1M SF Allston Development Plan
Harvard University and its development partner Tishman Speyer are set to begin the public review of their next major real estate project in Allston, the second phase of the school’s Enterprise Research Campus.
M&T Keeps Cutting Exposure to CRE Lending
In its first earnings call after a major credit ratings agency downgraded its out look for the lender, M&T Bank announced progress in reducing its book of commercial real estate loans.
A Groundbreaking Lab Plan for North Shore Quarry
At an abandoned quarry in Manchester-by-the-Sea, Cell Signaling Technology plans to tap into the underground terrain for a geothermal heating and cooling system for its proposed 250,000-square-foot development.
Boston Looks to ‘Skyline’ for Help
Changes designed to attract more developers and commercial tenants to downtown Boston and avoid a looming fiscal chasm tied to declining office occupancy are moving closer to the finish line.
Building Community Wealth Through Patient Capital
Roxbury-based BlueHub Capital’s Karen Kelleher is seeing no let-up in demand for the lender’s services as an intermediary piecing together financing packages for real estate projects in low-income communities.
Municipalities Will Not Lead on Housing
As passions around the MBTA Communities law rise, it’s time to take a fact-based look at the law, put it in context with what other states are doing and plan accordingly.
Will Boston Multifamily Hit Its Own ‘Wall of Maturities’?
The nation’s multifamily owners are facing a financial crunch as they try to refinance construction and other loans. But Boston is likely to see a lot less distress than Sunbelt cities, experts say.
Downtown Boston Needs More than New Zoning to Bounce Back
Can downtown Boston escape the so-called urban doom loop? Probably. But it’s going to take a lot more than new “skyline” zoning for taller towers to bring it back.
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