Commercial Real Estate News
Affordability Issues Descend on Rental Market
With the single-family home market seeing rising costs, affordability issues are now affecting the rental markets in New England.
Veterinary Drug Firm Leases Offices in Seaport District
A British veterinary pharmaceuticals company leased 28,000 square feet in Boston’s Seaport District for a new headquarters scheduled to open in June.
356 Apartments Proposed Under Healey Fast-Track Review
The nation’s 11th most active multifamily developer proposes a 356-unit apartment complex in an office park near Route 3 in Pembroke that was upzoned under the MBTA Communities Act.
Rent Control Opponents Warn of $300B Hit to Local Budgets
Real estate industry leaders ave already warned in dire terms that imposing rent control across Massachusetts would bring housing construction to a halt and make it harder for landlords to invest in property repairs.
Developer Says Davis Square ‘Needs a Catalyst’: His Proposed Tower
Developer Copper Mill will present alternate designs for its 26-story apartment tower in Somerville’s Davis Square as it prepares to seek approval for the project.
A $13M Garage Sale Held in Charlestown
A 297-space parking garage at the entrance to the Charlestown Navy Yard sold for the first time in 20 years to a joint venture.
Natick MBTA District Scores First Proposal: 219 Apartments
Texas homebuilder Gables Residential is taking advantage of a Natick MBTA Communities zoning district to build a large, new apartment complex.
Gillette Picks South Boston Development as New HQ
Gillette’s headquarters will relocate to a planned office and R&D building next to its longtime South Boston campus, freeing up space for a major redevelopment.
Synergy Recaps Beacon Hill Office Building
Boston-based Synergy recapitalized a Beacon Hill office building Friday that it originally acquired in 2013 in a deal worth $23 million.
Condo Project Proposed at Dorchester American Legion Property
A defunct American Legion post in Dorchester’s Adams Village would be replaced by 24 residential units under a redevelopment plan submitted by a South Boston developer.
Framingham Development Tests Dover Amendment Scope
A school’s search for staff housing options is prompting a debate over the reach of a Massachusetts law that restricts communities’ zoning powers.
Personnel File – No. 433
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
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.
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