BXP Completes Partial Sale of AstraZeneca Research Center
Boston Properties completed its partial sale of a Kendall Square life science project that values the two-building development at over $2,000 per square foot.
Synergy Investments Buys Boston Office Building for Mortgage Debt
A Boston office building that traded for nearly $156 million weeks before the COVID shutdown in 2020 was acquired by Boston-based Synergy Investments in exchange for the assumption of $76.5 million in mortgage debt.
New Brighton Project Demonstrates Housing Production Model
As Boston seeks to stimulate housing production on publicly-owned properties, a newly-completed project in Brighton could become a model for forming partnerships with private developers.
Wu: Still No Kraft Group Outreach on Everett Stadium
The MBTA’s plans for a Silver Line extension running past the proposed New England Revolution stadium site in Everett hasn’t diminished Boston Mayor Michelle Wu’s concerns about the project’s potential burdens.
First Tenants at Lyrik Back Bay Include EV Showroom
Electric vehicle manufacturer Rivian will open a showroom at the Samuels & Assoc. air rights development anchored by the new Lego Group and CarGurus headquarters on the western edge of Back Bay.
FoxRock’s Newest Quincy Development Opens to Residents
The developer of more than 600 apartments in Quincy Center is marketing its newest units in a newly-expanded former Masonic Temple.
BPDA Approves 23-Story NU Dorm, 1.4M SF of Labs
A new Northeastern University dorm tower in Roxbury and lab developments in Charlestown and South End received approval from Boston Planning & Development Agency directors.
BPDA Backs Wu’s Neighborhood Rezoning Push
Boston Planning & Development Agency directors gave cautious support for Mayor Michelle Wu’s rezoning plan designed to encourage mid-rise housing construction near transit stops in 18 neighborhoods.
Avison Young Agrees to Appoint New Board, Restructures Debt
Avison Young completed a debt restructuring deal after defaulting on payments in the second half of 2023 and agreed to appoint a new board of directors.
Alexandria Sells Southie Lab Site to Marketing Agency for a Loss
A site once proposed for lab space was acquired by a Boston-based marketing agency as Alexandria Real Estate Equities scaled back its appetite for development.
Report Spotlights Untapped Opportunity for Western Mass. Real Estate
Emerging industry clusters such as agriculture research and clean energy provide an opportunity to pull western Massachusetts out of the economic doldrums, according to a report that asks state leaders to commit $500 million toward the Pioneer Valley region.
South Boston Hotel Site Hits Market
A 72-room hotel development site near the Boston Convention & Exhibition Center is on the market amid Boston’s lingering pause of hotel construction.
How Franklin Cummings Tech Overcame Cautious Lending Environment
This morning, a groundbreaking ceremony marked the beginning of construction at the 1011 Harrison Ave. site. But the project plans took a different turn amid delays in redevelopment of the South End property, which had been in the works since 2020.
Over 400 Housing Units Included in Harrison Avenue Proposal
Two development teams are seeking to build hundreds of apartments and condominiums in a neighborhood where a history of redlining created barriers to wealth-building through real estate ownership.
Live Above Stop & Shop at New Allston Development
The first residential building at the Allston Yards redevelopment has begun leasing 165 apartments in preparation for its scheduled spring opening.
Pepperell Developer Markets ‘Deep Discount’ for Industrial Tenants
After approval of the largest industrial project in Pepperell history, a developer has selected JLL to market 450,000 square feet at a planned new logistics park.
Chelmsford ‘Making as Many Barriers’ as Possible to MBTA Zoning
Responding to the MBTA Communities law requiring suburbs to loosen restrictions on multifamily development, the Chelmsford Planning Board adopted a strategy specifically to minimize additional housing development.
FoxRock Targets ‘Value Proposition’ in Quincy Office Buy
FoxRock Properties acquired a Quincy office building for $6 million, betting on companies opting for lower-cost workspaces in the suburbs.
Developer Buys WEEI Studios in Allston
Burlington-based developer Nordblom Co. has acquired the Audacy radio station group’s studios near a gateway intersection in Allston.
Rockland Trust Finances Downtown Office Conversion
A Boston developer will use $5.1 million in financing from Rockland Trust to convert a Financial District office building into 15 apartments.
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