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.
Flynn Responds to Dispute Over Sale of Cape Cod Inn
Copper Mill developer Andrew Flynn was sued for alleged breach of contract over the Chatham property’s mortgage and sale.
North Shore Hotel Sold for Apartment Conversion
With approvals in hand for a conversion to 88 apartments, a Boston-based developer acquired a Danvers hotel for $13.5 million.
BXP Buys Waltham Properties for $30M After Rezoning
Office giant BXP plans to build up to 2,000 apartments within three rezoned office parks in Waltham.
Boston, Westford Housing Conversions Win State Backing
Developers including Synergy, Redgate and Nordblom Company received tax credits from the Healey administration to help pay for projects converting out-of-favor commercial properties into 856 multifamily housing units.
City Realty Buys Coolidge Corner Portfolio for $23M
Allston-based City Realty Group won a bidding war fueled by the receding possibility of rent control for a nine-building portfolio of retail and residential buildings in Brookline’s Coolidge Corner.
Construction of New Arena at Northeastern Halted
Construction at the site of Northeastern University’s new $500 million athletic complex has been halted following disturbance of asbestos during demolition work at the Matthews Arena.
Alexandria Sells Kendall Square Properties for $45M
Alexandria Real Estate Equities’ latest disposition activity took place in the East Cambridge life science hub with a $45 million sale at a Kendall Square property.
Newmarket Property Owners Vote for 5-Year BID Renewal
Property owners in Boston’s Newmarket neighborhood renewed its business improvement district for another five-year term, in a vote of confidence in the organization’s efforts to address the encroaching drug and homelessness crisis.
New Owner Drops Residential Plan for Troubled Hyde Park Property
The owner who acquired a distressed Hyde Park development site last year is pivoting away from multifamily housing in a new proposal submitted to Boston officials.
Greystar Joins Riverside Project Team as More Changes Sought
A pair of real estate developers are joining the team for the long-delayed Riverside station project in Newton, along with another set of changes to the plans.
Boston Officially Has a ‘New Edition Way’
Roxbury born-and-bred R&B quintet New Edition officially has a place on the map in its hometown thanks to the Boston Public Improvements Commission.
Reading Apartments Sold to Bell Partners for $96M
Bell Partners paid $96 million for a Reading property in the latest investment from its $1.3 billion value-add apartment fund.
Oxford Resumes Acquisitions with Fan Pier Buy
The real estate arm of a Canadian pension fund resumed its big-ticket acquisitions in Boston with the $435 million acquisition of a Fan Pier office tower from Clarion Partners.
Marlborough Industrial Portfolio Trades for $28M
A partnership of two real estate investors bought a two-building, 134,413 square-foot industrial portfolio in Marlborough for $28.15 million.
Gillette Buys Future $1B HQ Site in South Boston
The razor manufacturer’s parent, Procter & Gamble, paid $99.3 million to acquire the 232 A St. property from Breakthrough Properties.
Boston Increased Assessments on 150 Properties After Appeals
The practice appears to have been designed to minimize the drain on municipal tax revenues from declining commercial assessments, a legal group suing the city claims.
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