It is the most persistent complaint of developers and corporations looking to build or expand in Massachusetts: Permitting takes too long, regulatory hurdles are too onerous and ultimately, prohibitively expensive. For decades, the rap has been that too many communities and municipalities within the commonwealth are not “business friendly.â€
Citizens Bank has closed an $18 million low-income housing tax credit construction loan for Trinity Northampton Phase Two LP.
HFF has arranged $680 million in construction financing and joint venture equity for the Four Seasons Hotel & Private Residences project, which broke ground in January in Boston’s Back Bay.
Developer Samuels & Assoc. has submitted a compromise designed to satisfy the city of Boston’s affordable housing requirements at its proposed 349-unit apartment and condo tower in the Fenway.
Newton-based Northland Investment Corp. has acquired 160 Charlemont St. and 215 Needham St. in Newton.
The Old Colony YMCA has received a $12.5 tax-exempt bond from MassDevelopment to update and expand its facilities in Southeastern Massachusetts.
Greater Boston moved up 10 spots to seventh globally in a survey of metro areas’ commercial real estate markets and economic vitality.
Venture capital firm Boston Millennia Partners has renewed its office lease at 30 Rowes Wharf in downtown Boston.
The Davis Cos. of Boston has sold 80 Stockwell Drive in Avon, a 248,000-square-foot industrial building, to Hilco Real Estate of Northbrook, Ill.
Wynn Resorts has selected Jacobs Engineering Group Inc. of Pasadena, Calif. as the executive architect and engineer for the $1.6-billion casino planned in Everett.
The Connecticut/Western Massachusetts chapter of The Society of Industrial and Office Realtors (SIOR) announced the results of its semi-annual membership survey. The survey measured market conditions for the commercial real estate market for the period July through December 2014 within the region.
Laurus Synthesis Inc., a division of Indian chemical company Laurus Labs, will open its first U.S. facility next month at 12 Cabot Road in Woburn.
Manhattan-based Philips International has purchased a 74-unit apartment community in Hanover for $14.78 million.
Not satisfied with chronically abusing its riders, the MBTA has now managed to shut down a good part of the state with yet another display of bungling and mismanagement on a vast scale.
Expect much of the buzz in the Fenway this spring to be generated not by the local Major League ballclub’s prospects, but the breakneck pace of the neighborhood’s commercial and residential development.
Nova Biomedical Corp. has acquired 165 Lexington Road in Billerica from KS Partners for $1.6 million.
Anticipated increases in Boston room rates factored into a Toronto company’s acquisition of the Battery Wharf Hotel in the North End for $48.6 million, according to an executive.
Waltham-based Vantage Builders Inc. completed a 55,000-square-foot renovation project for pharmaceutical services company Omnicare Inc. in Peabody.
Boston-based Fantini & Gorga recently arranged $2.5 million in permanent financing for an apartment building located in Cambridge.
A second tech tenant is planning to relocate to Assembly Row in Somerville, the 66-acre mixed-use development being built by Federal Realty Investment Trust (FRIT).
