Commercial & Industrial
Dan Rivera Resigns from MassDevelopment
The head of a top state quasi-public development finance agency has turned in his resignation, effective immediately.
Owner Seeks More Height for South End Apartment Conversion
At 91 units, the proposed conversion of 95 Berkeley St. in the South End will be the second-biggest to date.
WeWork Seeks to Walk Away from Atlantic Ave. Lease
WeWork, once the biggest name in coworking in Boston, plans to reject a lease for one of its locations next to South Station.
Developer Submits Hotel Plan at former CBT Offices
Redevelopment plans by Rhino Capital Advisors would restore the historic facade of a Bulfinch Triangle office building while creating an 82-room hotel with an “urban contemporary aesthetic.”
EMC Data Center Sold for R&D Conversion
An EMC office building and data center in Hopkinton will be repositioned for R&D and flex tenants following its sale to a Boston developer.
Real Estate Group Plans Anti-Transfer Tax Campaign
With housing debates finally nearing on Beacon Hill, a major real estate industry group will attempt to rally opposition against potential new fees on high-value property sales through a concentrated campaign, and its leaders plan to spend “what is necessary” on the effort.
Uniqlo Announces Opening Weekend Events in Braintree
Clothing chain Uniqlo will mark the opening of its fourth Greater Boston store this week with a series of promotions in partnership with local institutions including the Museum of Fine Arts.
Life Time Fitness Announces Back Bay Expansion
A high-end fitness club that operates five suburban locations in Massachusetts will expand into Boston in 2025.
AG: Marshfield Has Time to Rethink MBTA Zoning Rejection
Marshfield appears unlikely to draw a state lawsuit right away after its Town Meeting on Monday reportedly rejected a plan that would have complied with new zoning requirements for communities near MBTA service.
Developers Line Up to Lure Vertex HQ
As Vertex Pharmaceuticals weighs whether to relocate its headquarters, Boston-based Beacon Capital Partners is aggressively pursuing a new lab project that could lure the life science firm from its Fan Pier perch.
Insurer Breaks Ground on Campus Expansion in Norwood
Insurer FM Global has broken ground on a new all-electric-powered campus expansion in Norwood that utilizes 221 geothermal wells to reduce its energy consumption.
Fall River Church Conversion Gets Financing from Rockland Trust
A former church in Fall River will be converted into 46 new market-rate homes thanks to a loan from Rockland Trust.
The Shadowy Think Tank Fighting Boston City Hall
The Boston Policy Institute says its goal is to shine a light on city development policy and other top issues. But its refusal to make public its sources of funding – and the not altogether happy history one of its founders shares with Mayor Michelle Wu – has prompted whispers of grudge-settling.
Healey, Wu Will Attend Vatican Climate Conference
Healey will discuss “governing in the age of climate change” and Wu will talk about “governance, health and energy.”
With Banks Pulling Back, Who’s Financing Office Deals?
Behind the scenes of Boston’s troubled office market, landlords and lenders are seeking ways to restructure their existing debt, keep control of properties and avoid foreclosure.
Hot Property: The Davis Cos. Headquarters
Boston-based developer Davis Cos. hired architects Fogarty Finger to redesign its longtime headquarters overlooking the Rose Kennedy Greenway in the firm’s first project in Boston.
Looking Forward Will Maximize MBTA Communities Law’s Impact
With nearly every community complying, there’s still work to be done to make sure new zoning translates to new homes.
Suffolk Downs Announces Rents at First Building
The first building at the 16 million-square-foot Suffolk Downs redevelopment is nearing completion and has begun marketing 475 apartments for occupancy in June.
GSIR, Cronin Group Settle Lawsuit
One of Boston’s prominent luxury brokerages and the developer behind a new Seaport District condominium tower have buried the hatchet in a dispute over allegedly unpaid sales commissions.
BPDA Hits Winthrop Center Over Public Access Promises
The Boston Planning & Development Agency ordered developer MP Boston to open the centerpiece public amenity of its $1.3 billion Winthrop Center skyscraper on weekends to comply with an agreement with the city.