Wu Names Tech Exec as New Economic Chief
The head of an Cambridge “tough tech” incubator is headed to Boston City Hall to lead the Wu administration’s economic development strategy.
Nordblom Scores Hat Trick on Housing Projects
Nordblom Company’s multifamily development pipeline is accelerating with milestones on three projects that could deliver 675 housing units in Greater Boston.
Tax Breaks Could Jump-Start 1.4K Units in Stalled Developments
Four stalled developments could receive tax abatements to help complete financing and break ground on a combined 1,400 housing units in Boston next year.
CC&F Tops Off Woburn Spec Manufacturing Site
Completion is scheduled in 2027 for a new 180,000 square-foot manufacturing development that has newly improved highway access following completion of a $30 million state bridge project.
Auction Site in Scituate Has Residential Development Potential
A public auction scheduled for Sept. 24 will offer a nearly 9-acre site on Route 3A in Scituate with potential for residential development.
HYM Proposes 1.8M SF South Boston Development
A 6-acre block of South Boston real estate is positioned for over 1.8 million square feet of development under plans by the new owners who acquired it through foreclosure.
Anthropic Inks 24K SF Kendall Square Lease
As it gears up for a potential $2 trillion initial public offering, AI platform Anthropic is establishing its first dedicated office space in Cambridge.
Report Identifies Mass. Permitting ‘Pain Points’
Fragmented local bureaucracies and archaic permitting frameworks remain roadblocks to housing production in Massachusetts, according to developers and consultants.
130 Apartments Financed in Lexington Office Park
A Newton developer received nearly $46 million in financing for a 130-unit apartment complex that was catalyzed by Lexington’s MBTA Communities rezoning.
KS Partners Sells Downtown Site for Residential Conversion
KS Partners completed the $8.6 million sale of a downtown Boston office property that’s approved for a 95-unit residential conversion
After Grocery Ban Expires, Target Seeks Expansion in Somerville
A retail vacancy in Somerville’s Union Square would be filled by landlord Target Corp. under expansion plans to add groceries to its 94,000 square-foot store for the first time.
Foreclosure Auctions Scheduled for Southbridge Hotel and Conference Center
A pair of foreclosure auctions are scheduled for Southbridge properties owned by developer Chip Norton Jr., including a hotel, conference center, office space and cogeneration plant.
Public Funding Boosts 29 Housing Projects
Properties in 20 Massachusetts communities received $278 million in public funding to preserve and develop housing including a 72-unit development next to the MBTA’s Shawmut station in Dorchester.
Camp Thoreau Redevelopment Gets $61M Construction Loan
Construction of a 237-unit apartment complex is set to begin at the Thoreau Club property in Concord thanks to a $60.7 million loan from Santander Bank.
Bedford Advanced Manufacturing Campus Gets $62.5M Financing
A 23-acre Bedford campus that landed a major lease from a Bill Gates-backed thermal battery manufacturer in December received $62.5 million in financing.
Burlington Developer Submits Second Allston Project
A 151-unit apartment complex would replace a row of small residential buildings in Allston under the second development plan in the neighborhood by DND Homes.
Robotic Housing Manufacturer Chooses Mass. for Growth
Armed with $40 million in new venture capital funding, Reframe Systems has leased 115,000 square feet for a new headquarters in Billerica.
Cambridge Developer Challenges Affordable Housing Ordinance
A developer seeking to replace a Walgreens pharmacy near Porter Square with a 71-unit residential building is challenging Cambridge’s requirement for affordable housing units in multifamily projects.
Copper Mill Drops Davis Square Tower Plan
Boston-based developer Copper Mill won’t pursue a 500-unit apartment tower in Davis Square, citing a “constant lack of direction from city leadership” over the past three years.
Needham Office Campus Gets $73M Mortgage from Barings
A Needham office campus that sold last year for $132 million received $72.6 million in financing from Barings.
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