Commercial Real Estate News
Synergy Buys West End Office Complex for Big Discount
Boston-based developer Synergy added to its office portfolio with acquisition of a 159,273-square-foot West End complex for $22.5 million.
Wu Critic: Boston Needs ‘Different Approach’ to Budget Woes
The solutions are viewed as either a Band-Aid or desperately needed residential relief, but it’s clear that property taxes in the city of Boston are again a focus of City Hall and State House debate.
Downtown Boston Landmark Trades for $15.75M
A Financial District office building that sits in the shadow of the Winthrop Center skyscraper was sold to a local investor for $15.75 million.
Apartment Rents Trending Downward in Some Boston Suburbs
Apartment rents are trending downward amid a wave of new buildings coming online, including a 3.6 percent annual decrease in development hotspot Everett.
Sublime Systems Pauses Holyoke Factory, Cuts Workforce
One of the most-hyped green building companies in Massachusetts is calling a halt to its plans for its first commercial-scale plant after losing a key grant.
Personnel File – No. 428
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Developments Test Appetite for Starter Homes
A golf course redevelopment in Stow and a high-profile project in Amesbury are lining up to be test cases for a new style of housing that uses less land and costs less.
Industry’s $30M Anti-Rent Control Campaign Won’t Be Enough
Ads and harsh warnings won’t be enough to convince voters to turn away from rent control. Industry and sympathetic politicians will need to show voters a better world, first.
Hot Property: Eastern Edge Food Hall
MIT graduate students in a new Kendall Square housing tower will have access to a wide range of global cuisine without leaving the building.
Mass. Is Creating Homeownership Deserts in Our Gateway Cities
There’s a rising fascination with helping homebuyers access their first homes. But it won’t fix the core issue: We don’t create many new affordable homes for sale.
WATCH: Subscriber Spotlight – Marc Savatsky
Every week we’re featuring one of our subscribers as a way to say thank you! This week, it’s Marc Savatsky, a broker and Boston multifamily developer.
40B Proposal Under Review at Long-Vacant Winchester Site
A 60-unit apartment complex is under review for a Winchester property that previously prompted a court battle with neighbors over plans for a CVS Pharmacy.
French Biotech Establishes Seaport HQ
A French biotech company subleased office space in Boston’s Seaport District for a new global headquarters.
Pinehills Apartments Trade for $122M
A 260-unit apartment complex in Plymouth’s Pinehills community was acquired by a Boston-based institutional investor for $122 million.
Landlord Sues Cambridge Over Inclusionary Zoning Ordinance
The suit, filed by the Pioneer New England Legal Foundation, challenges a city law requiring any project of 10 units or more to permanently set aside 20 percent of it as affordable housing.
Landlords Only Getting Partial Section 8 Checks from Boston Housing Authority
Landlords with Section 8 tenants are only getting 25 percent of their payments from the Boston Housing Authority this month. Blame last month’s federal government shutdown.
Newton’s Riverside Development Re-Approved, with More Homes
Nearly 20 years after development on the site was first proposed, Newton city councilors delivered nearly unanimous approval for 753 homes on the parking lots next to the MBTA’s Riverside station.
‘Crazy’ Golf Club Coming to Back Bay
The owner of a Back Bay property is refreshing the neighborhood’s entertainment options with the imminent opening of a 2-story indoor mini-golf arcade and cocktail bar.
Tenant Renews Full Building Lease at Waltham Flex Property
The sole tenant of a Waltham office and manufacturing complex renewed its long-term occupancy with landlord Hobbs Brook Real Estate.
Wu Warns of Big Property Tax Hike
Boston residential property tax bills are projected to increase an average 13 percent starting in January, reflecting continuing declines in commercial valuations that pass the bill to homeowners.
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