Crosspoint Buys Porter Square Galleria for $20.1M
Newton-based Crosspoint Associates acquired the Porter Square Galleria for $20.1 million for its second retail property purchase in Cambridge.
Former Goulston & Storrs Offices Sold for $30M
A vacant Boston office building that was formerly occupied by law firm Goulston & Storrs was acquired for $30 million, a 40 percent discount from its last sale in 2014.
$150M Refinances Redgate’s Bedford Office-to-Lab Conversion
Owners of a successful office-to-life science conversion in Bedford received $150 million in refinancing for the 288,000-square-foot complex from Apollo Global Management.
Boston Trails Competitors in AI Real Estate Growth Prospects
Greater Boston lags many large U.S. metros in capturing new tech industry growth, according to a new brokerage analysis.
North Shore Craft Brewery Signs onto Suffolk Downs
The first retail tenant at the Suffolk Downs redevelopment is a North Shore brewery that will occupy ground-floor space in the new Amaya apartment building nearing completion across from the MBTA’s Beachmont station.
Urban Boston Condo Prices Edge Higher
Urban Boston condominium sales prices approached $1.3 million in the second quarter as the new supply pipeline declines.
BlackRock Buys Wayland Complex for $98M
A two-year-old apartment complex in Wayland that’s seen steady rent increases in 2024 sold for $98 million to private equity giant BlackRock.
Revere Officials Condemn Waterfront Apartment Tower
“The tenants are living in a moldy, rat-infested high-rise building with no fire alarms and fire sprinklers that do not work,” said the city health department’s lawyer.
Developer Proposes 40-Story Tower Near North Station
A Newton developer is back with a new proposal for a 40-story skyscraper near North Station after scrapping plans for an office-focused project.
338 Apartments Proposed at Allston Studio Property
Nordblom Co. submitted plans for 338 apartments in an Allston neighborhood that’s attracted a who’s who of local developers seeking to update commercial sites with mixed-use and multifamily projects.
Biomanufacturing Lost Traction in Mass.
Massachusetts’ life science industry added R&D jobs but lost traction in biomanufacturing, a hoped-for source of new jobs and economic growth outside of the Greater Boston cluster.
Master Plan for Everett’s Docklands Includes 3.2K Homes
A 7.2 million-square-foot development plan for Everett’s former ExxonMobil fuel storage farm includes 3,200 housing units, commercial and industrial space and an energy storage facility designed to improve the reliability of the region’s electric grid.
Skinny Hotel Tower Pitched for Chinatown Property
A local developer submitted plans for a 25-story hotel to replace a vacant commercial building on a tiny Chinatown property.
Big Housing Component Proposed in Gillette Redevelopment
Gillette Co. said housing will make up about 30 percent of its forthcoming redevelopment proposal for its 31-acre South Boston campus, potentially adding thousands of residential units along the Fort Point Channel.
Boston Rents at All-Time High as Building Hits Decade Low
Across the Greater Boston region, average asking rents of $3.80 per square foot represent an 11 percent increase over those that opened in mid-2023, according to commercial brokerage Colliers.
Will VC Rebound Stimulate Lab Leasing?
Venture capital investment in the U.S. life science industry surged in the second quarter, potentially easing the historic glut of lab space seeking tenants.
Developer Charged After Flight Diverted to Boston
A Massachusetts real estate developer and former NFL lineman pled not guilty in East Boston District Court after allegedly urinating on a passenger during an overseas flight that was diverted back to Boston.
Downtown Marlborough Development Gets $41M Financing Package
Procopio Cos. moved forward with its second multifamily development in Marlborough this year after acquiring a parcel near downtown and receiving $41.4 million in financing.
CDC Partners with Allston Church on Apartment Project
An Allston congregation is partnering with a neighborhood nonprofit to build affordable senior housing and new church program space.
Northland Drops Offices from Newton Project, Will Seek New Permits
Northland Investment Corp. is seeking to replace 193,000 square feet of office space in a historic Newton mill with brick-and-beam residences in a significant, proposed change to its Upper Falls development.
This Week’s Newspaper
