Commercial Real Estate News
Creative, Mid-Sized Developers Endangered By Boston’s CRE Slump
The 2022 Boston development bust and the tough permitting environment gave a big edge to national developers. That’s weighing on the mind of Jim Grossman, once one of the local industry’s rising stars.
‘Legitimate Softness’ Arrives for Boston Rental Market
A shaky job market, domestic outmigration and immigration crackdowns are combining to keep a lid on apartment rents across the region.
Inclusionary Zoning Deserves a Serious Debate, Not a False Choice
A Cambridge lawsuit has sparked important conversation on inclusionary zoning – but one that should be grounded in evidence and experience in Massachusetts.
Hot Property: The Elmwood
The recent completion of a $35.2 million residential project in Shrewsbury created 93 new low-income, affordable, workforce and market-rate apartments.
PHOTOS: These Two Buildings Just Got Voted ‘Most Beautiful in Boston’
What do a Weston farm and a Harvard University academic building have in common? They just won two of the Boston area’s most prestigious annual architecture awards.
Lender Claims Fraud in Southbridge Hotel Project
The lender for a Southbridge hotel and conference center claims developer Chip Norton Jr. improperly transferred assets to other companies he owns, among other accusations.
CLT Begins Construction of First Project in Lynn
Commonwealth Land Trust broke ground on its first project in the city of Lynn, an $18 million supportive housing facility containing 40 single-occupancy units.
Boot Manufacturer Relocates to Wilmington
A two-building portfolio owned by Camber Development is 100 percent occupied following a work apparel manufacturer’s relocation and expansion to Wilmington.
Survey Finds Broad Support for Starter Home Ballot Question
A statewide ballot question designed to spur construction of more affordable single-family starter homes enjoys overwhelming support, a new survey says.
Watertown Medical Offices Trade for $32M
A fully leased Watertown medical office building next to Arsenal Yards was acquired by JLL Income Property Trust for $32.15 million.
SJC Judges Show Skepticism of MBTA Zoning Challenge
What the SJC will decide as it wrestles with the town of Marshfield’s lawsuit may turn on a simple, pointed line of inquiry: “What were the expenses?”
Allston Development Pitches 145 Units for ‘Car-Free Living’
A Burlington-based luxury home builder unveiled plans for its second Boston development, replacing an Allston industrial building with 145 apartments designed for “car-free urban living.”
1M SF Brickstone Square Office Complex Heads to Auction
A 1 million square-foot office park in Andover that’s attracted tenants in a wide range of industries from green power to investment services is headed to auction next month.
BXP Touts Strength of Back Bay Office Market
BXP sold a Boston waterfront residential building for $55.5 million as part of its strategy to focus on downtown office and life science properties in the region.
Cambridge Life Science Company Relocating to CityPoint
A Cambridge-based life science company will relocate to Waltham after signing a seven-year lease at BXP’s 180 CityPoint property.
WATCH: These Apartments Will Make More Energy Than They use
Rees-Larkin Development’s building something unusual in the Fort Hill/Highland Park section of Boston’s Roxbury neighborhood: An apartment building that will make more electricity than it uses.
108 Apartments Proposed for Dorchester Auto Body Site
A Quincy-based investor has notified Boston officials of his intent to develop a new apartment building in an industrial section of Fields Corner in Dorchester.
Shapiro IDs ‘Too Many Flaws’ in Failed Service Plaza Procurement
MassDOT’s failed attempt to find a new operator for 18 highway service plazas across the state was filled with flaws that “undermined the integrity” of the process, the state inspector general said in a Feb. 27 letter to interim Transportation Secretary Phil Eng.
Funding Uncertain, T Launches Work to Spell Out Regional Rail Options
Planners and developers alike have dreamed of an MBTA commuter rail network where trains come almost as frequently as some subway lines since the late 2010s.
North Reading Walmart Redevelopment to Add Groceries, Online Services
Walmart submitted plans to expand its North Reading store to 216,000 square feet, enabling it to add groceries and online pickup services.
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