Cambridge Plays Catch-up in AI Office Space Race
Greater Boston has lagged other U.S. tech clusters in AI companies’ leasing in recent years, compounding the office market struggles.
Revere Beach Apartments Trade for $77M
A Revere Beach apartment complex that was developed by Boston-based Redgate Capital Partners was acquired by an institutional investor for $77 million.
Amazon Sublease Adds to Seaport Office Slump
Amazon dialed down its expansion in Boston’s Seaport District, offering 375,000 square feet for sublease in a new office tower that it committed to occupying in 2024.
Video Game Developer Leases 55K At Arsenal on the Charles
A Waltham-based video game developer leased 55,000 square feet at the Arsenal on the Charles in Watertown, as tech tenants fill vacancies at the Alexandria Real Estate Equities-owned life science campus.
MCI-Concord Has a New Name, and Potential Development Plan
The future of the former MCI-Concord prison property is coming into focus, as consultants unveiled a new name and details on potential building plans.
New CRE Firm Targets Tough Tech Acquisitions
A new commercial real estate firm made its first acquisition in Westborough, reflecting its investment focus on properties that cater to the growing “tough tech” sectors.
MIT Tower Gets $522M Financing from BNP Paribas
A 25-story high-end residential tower in Cambridge’s Kendall Square received $522 million in mortgage financing from BNP Paribas.
Robotics Startup Inks 50K SF Lease at University Park
A startup that began deploying robots at a Toyota factory in February leased 50,000 square feet at a BioMed Realty property in Cambridge.
Mass General Brigham Is Somerville Lab Tower’s First Lease
A 100,000-square-foot lease chips away at the 74M tower’s status as a symbol of Greater Boston’s lab gut, as Banker & Tradesman first reported in August.
118K SF Downtown Salem Development Completes Financing
Beverly-based Windover Construction has begun construction of 115 apartments in downtown Salem, where WinnCompanies recently completed a $48 million financing package comprising 25 sources.
Harbor Towers Get a 50-Year Reprieve from Nature
The nor’easter in late September spared the Harbor Towers condominiums, located steps from the downtown Boston waterfront. Trustees say a recent $20 million investment ensures that the property will withstand coastal storms for decades to come.
Watch: DTX Landmark Seeks to Stand Out in Crowded Market
Millennium Partners has a big block of vacant space to fill at 10 Summer St.: over 244,000 square feet on six upper floors in a building now anchored by retail tenant Primark.
State Housing Chief Says More Funding Coming for Development
Massachusetts’ top housing official said more public assistance is coming for developers of multifamily projects, including $200 million of state transportation funding to jumpstart projects.
Cambridge Councilors Seek to Rein in Citywide Upzoning
Cambridge officials took a step towards rolling back the city’s historic 2024 citywide rezoning, which has prompted a backlash from some residents about the scale of recent multifamily development.
Residential Conversions Trigger Updates to Historic Buildings
A Brutalist landmark, a block-sized prewar edifice and a smaller downtown office building are getting new building systems as well as apartments.
Investor Bets on R&D and Manufacturing Property Acquisitions
A joint venture acquired a fully leased R&D portfolio in Andover for $43.5 million as part of a strategy to acquire buildings at discounts to replacement cost.
AI Software Developer Inks 52K SF Cambridge Lease
A second notable tech office lease is boosting occupancy at Alexandria Real Estate Equities’ One Kendall campus in East Cambridge.
USQ Lab Tower Gets First Lease
A Cambridge biotech founded by Dana-Farber Cancer Institute oncologists and Broad Institute researchers is the first tenant of the 10 Prospect St. lab building in Somerville.
Developer Picked for 65-Unit Project at Devens
MassDevelopment signed a letter of intent with a Newton-based nonprofit to acquire a 6.6-acre site at Devens for a 65-unit housing project.
Law Firm Expanding With 58K SF Lease in Financial District
Boston-based Rubin Rudman will expand and relocate to Tishman Speyer’s One Federal St. office tower in Boston’s Financial District next year.
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