Developer Proposes 51 Apartments in Office Conversions
Vacant office buildings in South End and the Bulfinch Triangle are joining the queue of planned housing conversions taking advantage of Boston’s offer of tax breaks.
Vacant office buildings in South End and the Bulfinch Triangle are joining the queue of planned housing conversions taking advantage of Boston’s offer of tax breaks.
Asking rents for life science space in Greater Boston have declined 10 percent from 2022’s peak and landlords are likely to offer further concessions amid a recent uptick in sublease space.
With the completion of its 18th acquisition in Florida, a Boston-based multifamily investment firm increased its Sunshine State portfolio to more than 5,300 units.
Boston-based developer GFI Partners plans to develop 200,000 square feet of commercial space at the former Grafton State Hospital after completing an acquisition from MassDevelopment.
A Concord developer plans to break ground on a speculative warehouse at a 126-acre next to Westfield-Barnes Regional Airport.
Boston-based developer Synergy made another bet on the future of the office market with acquisition of a 406,928-square-foot office tower in Downtown Crossing.
Boston Mayor Michelle Wu is seeking the option of shifting a larger portion of the city’s property tax levy onto commercial and industrial properties as soon as fiscal year 2025 to compensate for anticipated declines in values.
The Massachusetts Convention Center Authority will drop its immediate plans for development of 6.5 acres near the Boston Convention and Exhibition Center, opting for a broader look at its strategy and the changing market conditions in commercial real estate.
A Needham developer seeks to redevelop a vacant restaurant site in Middleton with a combination of retail space and 60 apartments.
The first phase of a speculative industrial development by The Davis Cos. in Wilmington landed a full building lease from a medical device company.
A Dorchester waterfront property approved for a $90 million redevelopment that’s embroiled in a legal dispute will be put up for auction.
The new owner of a Bulfinch Triangle office building is considering options including a residential conversion after acquiring it for a 63 percent discount from its previous sale in 2018.
Wary of a backlash at an upcoming town meeting, Burlington officials approved a plan to comply with the MBTA Communities law by rezoning four areas for multifamily development that already include large housing complexes.
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.
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.
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.
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.
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.
The developer of more than 600 apartments in Quincy Center is marketing its newest units in a newly-expanded former Masonic Temple.
A new Northeastern University dorm tower in Roxbury and lab developments in Charlestown and South End received approval from Boston Planning & Development Agency directors.