Commercial Real Estate News
PHOTOS: Inside Back Bay’s Newest Hotel
The hotel portion and public plaza of Samuels & Associates’ new Lyrik development in Boston’s Back Bay are now open, and they include the biggest CitizenM hotel to date.
MASS Design Group’s Gun Violence Memorial Opens at ICA
A touring memorial to victims of gun violence, designed in part by Boston architectural firm MASS Design Group, is now open at the Institute of Contemporary Art in the Boston Seaport District.
Community Good Works
After a longtime Hanscom Federal Credit Union employee died suddenly earlier this year, a team of HFCU employees led by President and CEO Peter Rice hiked a famous, 75-mile medieval pilgrimage route in Spain to raise thousands of dollars for a fund in the employee’s memory.
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.
Judge Approves Sale Of Six Steward Hospitals in Bankruptcy Milestone
Steward Health Care will sell St. Anne’s Hospital in Fall River and Morton Hospital in Taunton for $175 million; the Holy Family Hospital facilities in Methuen and Haverhill for $28 million; and Good Samaritan Medical Center and St. Elizabeth’s Medical Center for as much as $140 million.
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.
The Biggest Boston Real Estate Stories You Missed This Summer
The local real estate markets may be a lot less busy now than a few years ago, but that didn’t mean this summer was a snooze-fest of real estate news. Here’s a rundown on the six biggest stories you might have missed between vacations and the interminable wait for the Fed to start cutting interest rates.
Lawmakers Draft Compromise on Boston Liquor License Expansion
Lawmakers appear ready to close the tab on a heady expansion of available alcohol licenses in Boston, with House and Senate negotiators filing a compromise Tuesday afternoon.
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.
Workers Strike at Four Major Boston Hotels
Some 10,000 hotel workers represented by the UNITE HERE union walked off the job Sunday at 24 hotels in eight cities, including Boston, demanding higher wages and a reversal of service and staffing cuts.
Why Massachusetts’ Version of ‘Chevron Deference’ Will Survive
The U.S. Supreme Court ended its 2023-2024 term by upending a bedrock of federal agencies’ regulations. And it means state regulators here will likely take on a more important role.
Brokerages Turn to AI to Gain Advantages
It may be at odds with tradition in an industry centered on human relationships, but some of the biggest commercial real estate firms in the Massachusetts market are increasingly adopting artificial intelligence software.
Beacon Hill Should Examine Deeper Cause of Biomanufacturing Shrinkage
The reminders are all around us that Massachusetts helped give birth to the Industrial Revolution. We still can revive that legacy with attention from state leaders.
Hot Property: 150 River St. Village
A partnership between two affordable housing developers will add 30 senior housing units on a formerly vacant parcel in Mattapan.
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.
House Advances Vineyard Housing Transfer Tax Bill
The Massachusetts House advanced one of the most hot-button housing policies of the session on Thursday – but only for six towns and at a session attended by fewer than 10 state representatives.
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.
Roche Bros.-Anchored Plaza Trades for $38M
An Acton retail property anchored by Roche Bros. supermarket was acquired by Brixmor, a New York real estate company, for $38 million.
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.
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