Commercial & Industrial
MBTA Inches Closer To Plan On Orange Line Alternatives
Tens of thousands of Boston-area commuters who will have their trips upended for a month by an imminent MBTA shutdown could get a clearer look at available travel alternatives on Friday.
Boston’s Newbury Street Will Close to Cars Weekly
Boston’s biggest shopping street will be closed to cars every Sunday through the end of September in a dramatic move city leaders say will draw more foot traffic to stores and restaurants.
Baker Signs Gas Ban Pilot into Law
Gov. Charlie Baker has signed a major climate bill into law, despite “agita” a controversial section gave him.
Boston Asks Developers to Disclose WMBE Participation
Developers of large projects proposed in Boston will be asked to disclose their plans to ensure project teams are diverse, Mayor Michelle Wu announced Thursday morning.
New Brighton Apartment Complex Sold for $145M
A private equity firm has paid $145 million to acquire a newly-completed apartment complex on Soldiers Field Road in Brighton.
Jumbo Capital Sells Lowell Property After Lease Extension
Quincy-based Jumbo Capital has sold an office-lab property in Lowell to Rhino Capital for $12.4 million after extending a full-building lease with the existing credit tenant.
Gas Bans Gives Baker ‘Agita’ as He Weighs Climate Bill
One day from his deadline to act, with his proposed changes to the bill already adopted or rejected and his departure from office nearing, Baker is weighing his legacy.
Biz Group Offers Proposal to Reopen Orange Line After Labor Day
A business-backed group says it’s offered a plan to Gov. Charlie Baker that it claims could cut the planned Orange Line shutdown in half and generate more work hours than the MBTA’s current plans.
Revere Beach Apartments Sold for $80M
The developer of a two-year-old Revere Beach apartment complex has sold the property to an affiliate of UBS for $80 million.
Biogen Seeks to Sublease Cambridge, Weston Properties
Biogen is offering over 263,000 square feet of office and research space in Cambridge and Weston for sublease in the latest retrenchment of the life science industry’s local footprint.
Hurry-Up Offense Drives Gillette Stadium Office Project
Construction of a new 120,000-square-foot office building for The Kraft Group at Gillette Stadium in Foxborough came with unique requirements for architects SGA and the project team.
What Taxes Are in Democrats’ Big Bill?
Democrats’ compromise of health care, climate change and deficit-reduction strategies is paid for largely with new corporate taxes, including a 15 percent minimum tax on big corporations to ensure they don’t skip out on paying any taxes at all.
Green Line Shutdown Needed for Gov’t. Center Demolition, MBTA Head Says
The MBTA’s decision to shut down its Green Line subway north of downtown Boston will give developer HYM time to finish demolishing part of a huge garage that hangs over the train’s tunnel, the agency’s leader said Friday.
Personnel File – No. 298
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
The Other Barrier to Development
Some residents’ opposition to multifamily housing frequently dominates headlines, but developers say understaffed and fragmented town hall bureaucracies are just as big a problem in Boston suburbs.
‘Vulture Season’ in Massachusetts Is Closed for Now
Landlords and developers got two wins in the last 30 days in the fight to stop tenant “right of first refusal” or “TOPA” laws: one on Beacon Hill and the other in a Middlesex County Courtroom.
Banker & Tradesman’s Editorial Cartoon: Timeout Called in Everett
Better luck next season, Carlo and Bob.
Hot Property: The Current
The Current retail incubator expands WS Development’s partnership with Black Owned Bos. Market with a new line-up of stores for Black Owned Business Month during August.
Will Crash or Slowdown Follow Boston’s Lab Boom?
It’s looking like the answer to the question of what to do with a piece of real estate is no longer just “convert it to life science space,” at least for a few years.
Industrial Rents Rose 27 Percent in Past Year
Asking rents for industrial properties in Greater Boston hit record highs in the second quarter after a 27.5 percent increase in the past 12 months.
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