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Medford to Rezone Wellington Area, and Maybe More, Under State Law

by Steve Adams | Nov 17, 2023

Medford officials will consider whether to rezone properties at and around the MBTA’s Wellington station to comply with the MBTA Communities law encouraging multifamily development near transit.

Drone Researchers Will Relocate to Schrafft Center

by Steve Adams | Nov 16, 2023

A Boston company that develops drone technology for the agriculture sector expanded with relocation to the Schrafft Center in Charlestown.

Trinity Financial Named Top Pick to Develop Charlestown Property

by Steve Adams | Nov 16, 2023

Boston-based Trinity Financial is the recommended pick for a $495-million development at a Charlestown property that is the first major test of Mayor Michelle Wu’s program to turn surplus municipal real estate into affordable housing.

Brookline Overwhelmingly Approves Housing Plan

by Steve Adams | Nov 15, 2023

Voters approved zoning amendments that could spur redevelopment of Brookline’s main commercial corridor from low-rise retail buildings to multifamily housing complexes.

Pier 4 Office Building to Add Life Science HQ

by Steve Adams | Nov 15, 2023

A Rockland life science company will relocate to Boston’s Pier 4 office pier complex this summer with a lease of 60,500 square feet for its new headquarters.

Feds Prepare to Sell Coast Guard Building in Boston

by Steve Adams | Nov 14, 2023

Federal real estate officials announced plans to sell 23 properties including a prime Boston waterfront property and a downtown New Bedford office building.

Could Everett Soccer Stadium Score on Beacon Hill?

by Steve Adams | Nov 13, 2023

An economic development bill filed Monday removes the Alford Street property from a state designated port area, just weeks after House Speaker Ronald Mariano tossed cold water on the idea.

Wu Drops Proposed Ban on Gas Hookups

by Steve Adams | Nov 13, 2023

Boston won’t pursue a ban on fossil fuel-burning building systems in new developments, a key element of Mayor Michelle Wu’s environmental sustainability platform.

Somerville Mayor Submits Rent Control Legislation

by Steve Adams | Nov 9, 2023

Somerville Mayor Katjana Ballantyne is seeking to limit rent hikes in the city with the submission of legislation capping increases on an annual basis.

Gardner Food Packaging Company Completes Sale-Leaseback

by Steve Adams | Nov 8, 2023

A Gardner-based food packaging company leased back its property from a Philadelphia real estate investor following a $9.6 million transaction.

WeWork Bankruptcy Hits High-End Buildings in Boston

by Steve Adams | Nov 7, 2023

WeWork’s bankruptcy adds a new stress point to Boston’s Class A office sector already struggling to adapt to elevated vacancies and uncertain future demand.

Greater Boston Apartment Deliveries Lag U.S. 

by Steve Adams | Nov 6, 2023

The current pace of apartment construction in Greater Boston trails all major U.S. markets except for New York City and Los Angeles, while rents rose 3.1 percent in the past year.

Fish, Weiner Ventures Agree to Mediation in Tower Lawsuit

by Steve Adams | Nov 6, 2023

The two sides have been engaged in a four-year legal battle in Suffolk Superior Court, attempting to assess blame in the failure of the luxury condominium tower in Boston’s Back Bay.

Wu Seeks Designs for Eastie Flood Barrier

by Steve Adams | Nov 3, 2023

A flood barrier designed to protect waterfront properties including a K-8 school and shopping center is the first stage of a planned East Boston resiliency project.

Middleborough Hotel Sold to Lexington Firm for $9M

by Steve Adams | Nov 3, 2023

A Middleborough hotel was acquired by a Lexington investor this week for a price more than double its previous trade in 2016.

REIT Buys Shopper’s World, Gateway Center for $309M

by Steve Adams | Nov 2, 2023

A publicly-traded REIT acquired Framingham’s Shopper’s World and Everett’s Gateway Center, a pair of open-air shopping centers spanning nearly 1.4 million square feet, for $309 million.

Harvard Enterprise Research Campus groundbreaking

Harvard’s Allston Lab Development Rises Amid Headwinds

by Steve Adams | Nov 1, 2023

Community activists, Boston officials and developers celebrated the virtues of compromise at Wednesday’s groundbreaking of Harvard University’s 900,000-square-foot Enterprise Research Campus on Allston’s Western Avenue.

Six Housing Projects Get CommonWealth Builder Funding

by Steve Adams | Nov 1, 2023

Six development projects received $44.6 million in state funding under a program that Gov. Maura Healey is proposing to expand as a strategy that increases wealth-building through home ownership in minority neighborhoods.

Park Plaza Gets New Owner, Hilton Rebrand

by Steve Adams | Oct 31, 2023

The new owner of Boston’s 1,060-room Park Plaza Hotel is a Mexico City-based hospitality company with a portfolio of 32 properties in the U.S. and Mexico.

Back Bay Office Building Trades for $99.5M

by Steve Adams | Oct 31, 2023

A Back Bay property was acquired for $99 million in the neighborhood’s biggest-ticket office sale since 2020.

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