Menkiti Group Picked for High-Profile Downtown Worcester Project
Worcester officials selected a developer that’s been active in recent downtown real estate projects to build a 233-unit apartment complex at a former department store property.
Commercial Lending Index Drops 52 Percent
An index of commercial lending activity declined 52 percent in the past year as financial institutions tightened their underwriting standards, according to an industry report.
Charter School Buys North Shore Development Site
A North Shore charter school acquired a 3.7-acre site in Peabody and Danvers where it recently gained approval for a new 66,000-square-foot campus.
South End Apartment Portfolio Trades for $27.5M
A pair of apartment buildings designed by renowned architect Benjamin Thompson are part of a portfolio that sold for $27.5 million in Boston’s South End.
New Owner Secures Anchor Tenant at Southborough Property
A Maryland investor extended a lease with an anchor tenant before closing on the $17.6-million acquisition of a medical office building in Southborough.
Cambridge Crossing Lab Building Lands First Tenant
As life science companies retreat to established industry clusters in 2023, a new East Cambridge project landed a 62,000-square-foot lease for a new office, lab and incubator space.
Former Everett Function Hall Sold to Boston Developer
An Everett development site that’s approved for a 111-unit housing complex was acquired by a Boston real estate firm for $4.25 million.
Clark Plans $77M Project to Ease Worcester Housing Crunch
Clark University is seeking to address a shortage of on-campus housing by proposing with a proposed $77 million project on Worcester’s Main Street.
Office-to-Residential Swap Proposed Near Cleveland Circle
A development team including City Realty executives submitted plans to revamp a Brighton property containing a retail and office building as a 30-unit apartment complex.
76 Condos Proposed Near Boston Landing
A vacant commercial building near Boston Landing is slated for redevelopment as 76 condominiums, adding to the nearly 400-unit housing pipeline in the North Beacon Street area.
Hotel Alexandra Development Back on the Market
A historic former Roxbury hotel eyed for redevelopment for nearly three decades is seeking a new owner to move a condominium project forward.
Preleasing Begins at Pinehills’ Newest Apartments
Developers of the newest apartment community at Plymouth’s Pinehills have begun preleasing 178 units in the Village Green town center of the 3,200-acre development.
Lab Developer Buys Channel Center Property
A South Boston office property once eyed for multifamily housing has been acquired by a lab developer for $23.5 million.
Massport CEO to Step Down in November
Massport CEO Lisa Wieland will leave her post after a 4-year stint leading the agency that owns Logan International Airport and commercial real estate parcels in South Boston, Charlestown and East Boston.
Cambridge Adds 40 Affordable Units with Porter Square Project
A newly-completed development in Cambridge’s Porter Square received more than 900 applications for its 40 affordable housing units.
335K SF Lab Project Designed to Avoid I-90 Tunnel Conflicts
The developer of a proposed 335,000-square-foot office-lab building in Boston’s Seaport District plans to cantilever the far west side of the building because a portion of the Interstate 90 tunnel runs beneath the 232 A St. site.
Settlement Appears Unlikely in Fish Vs. Weiner Battle
As the legal dispute between Suffolk Construction CEO John Fish and developer Weiner Ventures approaches its fourth year in court, a settlement appears as far away as ever.
RMR Group Acquires 28K-Unit Apartment Portfolio
Newton-based RMR Group is expanding its multifamily holdings with an $80 million acquisition that gives it a portfolio of 28,000 apartments concentrated in Sunbelt markets.
Beacon Hill Apartments Trade for $9.8M
A 22-unit apartment portfolio steps from the Massachusetts Statehouse traded for $8.9 million in its first change of ownership since 2007.
Readville Development Site Goes to Auction Next Month
A 273-unit Readville multifamily development site that’s been unable to obtain financing since 2021 will head to auction next month, in the latest example of financial hurdles facing housing developers in Boston.
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