MFA Wary of Tower Construction on Wentworth Campus
Last-minute objections from the Museum of Fine Arts delayed approval of a 460,000-square-foot life science project on Wentworth Institute of Technology’s campus.
Commission Rejects Boston Fossil Fuel-Free Zoning Code
In a surprise vote Wednesday night, Boston’s Zoning Commission rejected the Wu administration’s attempt to limit carbon emissions in new developments.
City Could Subsidize New Development on Charlestown Pier
Boston officials are offering a public subsidy as they prepare to seek a new round of private development proposals for Charlestown’s derelict Pier 5.
Vacant Malden Offices Trade for $7.8M
A vacant Malden office building that once housed state Department of Elementary and Secondary Education offices traded for $7.8 million after a marketing campaign emphasized its potential for alternative uses.
Broker Sees Chance of Rent Declines in Boston
As the prevalent September lease rollover date approaches, Boston renters could see some relief for the first time since the pandemic.
Brookline Brownstone Sold for Residential Conversion
A longtime Brookline office building marketed for a potential residential conversion was acquired by a local developer for $6.2 million.
Redevelopment Could Close Alewife Garage for Two Years
Redevelopment of the MBTA’s Alewife station and garage could require the complete closure of the 2,733-space parking facility for 28 months, MBTA officials said in presenting options for a public-private partnership to developers this week.
Developer Submits 466-Unit Housing Plan in Beverly
Braintree-based developer John M. Corcoran & Co. is resuming its efforts to develop 466 housing units on a Beverly property after a state Land Court ruled against town officials in an earlier proposal.
Citing Less Construction, Major Boston Landlords Plan Big Rent Hikes
Executives with Equity Residential and AvalonBay told stock analysts that low rates of housing production in Massachusetts let them raise rents nearly 5 percent year-over-year.
Wu Names Osgood to New Resiliency Post
A new Office of Climate Resilience at Boston City Hall will oversee the city’s attempts to limit the effects of climate change-induced flooding and extreme heat.
Bain Capital to Remain, Expand at 200 Clarendon
Private equity giant Bain Capital renewed its high-profile headquarters lease at 200 Clarendon in Back Bay while expanding to 378,000 square feet at the BXP-owned tower.
Synergy Sells Beacon Hill Property for $9.25M
A mixed-use building in the heart of the Beacon Hill business district was sold by an entity affiliated with Boston-based Synergy Investments for $9.25 million.
Madison Park Proposes 63-Unit Project in Roxbury
A nonprofit with a long history of affordable housing development in Boston is proposing a 63-unit apartment and condominium building for a wide range of incomes.
Jemison Leaves Boston with Praise, Unfinished Business
In an eventful two years as Boston’s planning chief, Arthur Jemison oversaw structural and policy changes at the powerful agencies that control real estate development.
American Realty Advisors Sells Eastie Property for $85M
An East Boston waterfront development completed in 2018 traded for $85.3 million in an acquisition by Goldman Sachs Alternatives.
BXP’s Suburban Housing Push Includes Lexington Property
BXP is plans to pursue suburban multifamily projects in Greater Boston despite the high cost of construction, citing the relative feasibility of wood-frame techniques.
Waltham Office Property First to Tap into Decarbonization Savings
As commercial landlords swap out fossil fuel-burning systems for electricity, 24 Crescent St. in Waltham is the first office building to tap into Eversource’s clean energy retrofits program to offset the costs.
New Watertown Labs Sold to VC Firm for $56M
Boston-based Triad Group sold a newly-completed lab project in Watertown to Shannon Life Sciences, a Cambridge-based venture capital investor that will occupy the 74,670-square-foot building as its new U.S. headquarters.
BXP Terminates Lease with Troubled Biotech
BXP agreed to terminate the lease of a financially troubled biotech that occupied 78,541 square feet at Bay Colony office park in Waltham.
Downtown Nightclub Building Slated for Residential Conversion
A Brookline developer submitted plans to convert a former nightclub to apartments under Boston’s recently extended tax incentive program.
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