New MassDevelopment CEO Is Ex-Mintz Levin Attorney
MassDevelopment named former Department of Revenue Commissioner Najeet Bal to succeed Dan Rivera at the helm of the state’s economic development financing agency.
Zoning OK’d for Housing at South Shore Plaza
Braintree Town Councilors approved a new zoning district for the South Shore Plaza property that gives developer ZOM Living the ability to pursue its proposed $140-million apartment complex.
Duxbury Rejects MBTA Communities Zoning
Duxbury voters resoundingly rejected a multifamily rezoning proposal after state officials said it failed to comply with the MBTA Communities law.
Auction Scheduled for Condemned Revere High-Rises
An affiliate of Boston-based The Davis Companies scheduled a foreclosure auction after acquiring the mortgage on three Revere residential high-rises that were condemned in August.
Allston Developer Wants to Begin Housing First
Berkeley Investments’ redevelopment plan for the long-dormant 176 Lincoln St. site in Allston is shifting to reflect the difficult financing conditions that continue to plague commercial projects.
Allston Development Gets $58M Financing After Fast Lease-Up
An Allston co-living project that’s 97 percent leased just 10 months after tenants started moving into its shared living spaces obtained $58 million in permanent financing.
Alperin, Bialecki Remembered for Lasting Impact on Boston Real Estate Industry
Tributes are pouring in for Thomas Alperin and Gregory Bialecki as executives who did much to shape Greater Boston development in recent decades. Both died Thursday.
ZoomInfo Restructures Lease, Relocates in Waltham
ZoomInfo will relocate its Greater Boston offices to another property within Hobbs Brook Real Estate’s suburban portfolio after restructuring its office lease.
BPDA Board Balks at Mission Hill Apartment Plan
Development approval for 218 apartments on a vacant Mission Hill property hit a delay last night as Boston officials reacted to opposition from neighborhood residents.
Ginkgo Bioworks Drops Move to New Seaport Development
Ginkgo Bioworks is offering its newly-completed Boston Seaport lab complex for sublease as it shrinks its real estate portfolio to reduce expenses.
Brighton Lab Project Names Coffeehouse as FirstTenant
A Brighton lab development named a new retail tenant and plans to launch a rotating art gallery program this month.
Yankee Candle Founder’s Estate Could Become 400-Unit Housing Development
Development proposals could bring 400 housing units to the resort-like estate of the late Yankee Candle Co. founder Michael J. Kittredge in western Massachusetts.
Public Land Could Generate 85K New Homes, Report Says
Public property dispositions are a missed opportunity to ramp up housing production in Massachusetts amid the downturn in multifamily construction, according to a new report.
Healey Defends St. Elizabeth’s Eminent Domain Taking
The Massachusetts attorney general’s office defended Gov. Maura Healey’s decision to seize St. Elizabeth Medical Center through eminent domain during the Steward Health Care bankruptcy.
Housing Replaces Labs to Begin South Boston Development
Developers plan to build the 636-unit housing portion first at the 1.7-million-square-foot 776 Summer St. project in South Boston, reflecting lack of current demand for 860,000 square feet of approved office and lab space.
Boston Seeks to Eliminate Confusing Design Reviews
In an attempt to eliminate confusing and unpredictable reviews of developments that can delay groundbreakings, Boston officials are set to approve a new process for approving project designs.
Erland Construction Names New CEO
Burlington-based Erland Construction named an eight-year employee as its new CEO in a transition to a third generation of family leadership.
Bell Partners Adds Shrewsbury Complex in $96M Buy
Bell Partners tapped into its $1.3 billion value-add fund to acquire a Shrewsbury apartment complex for $96 million.
Everett’s Batch Yard Trades for $141M
A project that helped establish Everett’s status as a class A multifamily development market sold to New York-based investor LCOR for $141.1 million.
Canal District Lofts Sold to New York Firm for $122M
Berkeley Investments sold a loft-style apartment complex overlooking the Merrimack River in Lawrence to a New York investor for nearly $122 million
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