Commercial Real Estate News
Battle Lines Emerge in Boston Parking Rules Fight
As Boston city councilors heard testimony from experts and residents about whether to let developers pick how much parking to build, it was clear two camps are emerging on the hot-button issue.
MACDC Urges Approval of Rent Control Compromise
The organization that represents community development corporations in Massachusetts says a proposed rent control compromise would ensure a continuing pipeline of affordable housing.
Foreclosure Auction Scheduled for Lewis Wharf Offices
A North End office complex is scheduled to be auctioned to the highest bidder as lender Hingham Institution for Savings initiates foreclosure proceedings.
Healey: Data Centers Must Be Self-Powered, Environmentally Friendly
Gov. Maura Healey laid out her guiding principles as data centers proliferate across the country, drawing bright lines around energy independence and environmental impacts.
Report: Rent Control Would Drive Up Tax Rates 6 Percent
The typical Massachusetts house would pay $312 more per year in property taxes to offset proposed rent control’s impact on rental properties, an analysis says.
Buying Advantages Take Longer to Realize in New England
It now takes less time for homebuyers in Greater Boston to realize the benefits of buying compared to renting.
Pennrose Breaks Ground on Allston Housing Project
Mixed-income housing specialist Pennrose has begun construction of an all-affordable Allston project that’s scheduled for completion in 2027.
Another Hotel Project Approved in Allston
A 7-story hotel catering to Boston Landing area visitors will replace an auto parts store under plans approved by the Boston Zoning Board of Appeal.
Embrace Boston Invests in Downtown Office Market
The acquisition of a downtown Boston office building will give nonprofit Embrace Boston a new cultural hub steps from its landmark sculpture. It also represents a vote of confidence in the neighborhood’s commercial real estate market.
Will Industry Go for Proposed Rent Control Deal?
A small group of prominent developers have put together a deal with tenant groups that could keep rent control off this fall’s ballot in Massachusetts.
Boston Begins Study of Climate Project Costs
It’s a multi-billion-dollar question lingering over the city of Boston’s plans to protect neighborhoods from rising seas: who pays for the flood barriers?
Clean Energy Company Joins Hood Park Tech Cluster
A venture capital-funded company that’s developing electrified boilers and furnaces is settling into its new headquarters at Charlestown’s Hood Park.
Quincy Set to Add Housing in Office Park
Multifamily housing would replace an office building in Quincy’s Crown Colony Park, which was rezoned last year to encourage reinvestment.
Personnel File – No. 444
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Multifamily Developer Targets Boston for Growth Despite Rent Control
Undeterred by the threat of rent control, a national multifamily investor named a local executive to oversee its development platform’s growth in Greater Boston.
Power Struggle Roils Newmark Capital Markets Team
A bombshell lawsuit details a high-stakes leadership battle at Newmark’s Boston-based capital markets team, pitting brokers Edward Maher Jr. and Matt Pullen against its longtime leader, Robert Griffin Jr.
Hot Property: Newton’s Pattern District
Northland’s 23-acre Newton Upper Falls project progressed with the completion of framing for the first residential building at the Pattern District.
Optimizing Construction Costs and Schedules Through AI
Ziv Levi’s startup uses AI to translate construction drawings into nuts-and-bolts work plans, potentially saving developers and contractors time and money.
Mass. Realtors Advocating for Real Housing Fixes, Pushing Back on Rent Control
More than 400 Realtors traveled from every corner of Massachusetts to meet with their legislators last month. Here’s what we shared with them.
Boston’s Top Taxman Is Out, But Big Questions Linger
Boston’s Assessing Department is the target of a multimillion-dollar lawsuit by building owners claiming the city jacked up their tax bills in retaliation for seeking abatements.
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