Commercial & Industrial
Fallon Co. Gets OK for Development Next to New NFL Stadium
The developer of Boston’s Fan Pier is set to begin another signature project transforming an urban waterfront.
Beige Book Casts Bright Light on Mass. Tourism
A recent survey of banking and business contacts around New England found tourism to be a bright spot in the regional economy, one with a “very bullish” outlook for the remainder of 2024.
Arup Exec Named Boston Climate Chief
Brian Swett is returning to Boston City Hall after a nine-year stint in the private sector to lead the city’s climate change and decarbonization policies.
Lab Vacancy Rate Nears 14 Percent
As more life science conversions and new developments were completed without tenants, Greater Boston’s lab vacancy rate rose to 13.7 percent in the first quarter.
In Milton Dispute, Campbell Will Work with the Town, but ‘the State Trumps’
Even as she takes Milton to court for flouting the MBTA Communities zoning law, Attorney General Andrea Campbell would like to tamp down murmurings that a rebellion is on its way.
City Councilors Raise Questions About Wu Tax Shift Plan
During a four-hour hearing Tuesday, most councilors didn’t take an explicit up or down stance, but voiced concerns about the long-term impact on real estate development or on small businesses.
Harvard Files New 1M SF Allston Development Plan
Harvard University and its development partner Tishman Speyer are set to begin the public review of their next major real estate project in Allston, the second phase of the school’s Enterprise Research Campus.
M&T Keeps Cutting Exposure to CRE Lending
In its first earnings call after a major credit ratings agency downgraded its out look for the lender, M&T Bank announced progress in reducing its book of commercial real estate loans.
A Groundbreaking Lab Plan for North Shore Quarry
At an abandoned quarry in Manchester-by-the-Sea, Cell Signaling Technology plans to tap into the underground terrain for a geothermal heating and cooling system for its proposed 250,000-square-foot development.
Boston Looks to ‘Skyline’ for Help
Changes designed to attract more developers and commercial tenants to downtown Boston and avoid a looming fiscal chasm tied to declining office occupancy are moving closer to the finish line.
Building Community Wealth Through Patient Capital
Roxbury-based BlueHub Capital’s Karen Kelleher is seeing no let-up in demand for the lender’s services as an intermediary piecing together financing packages for real estate projects in low-income communities.
Municipalities Will Not Lead on Housing
As passions around the MBTA Communities law rise, it’s time to take a fact-based look at the law, put it in context with what other states are doing and plan accordingly.
Will Boston Multifamily Hit Its Own ‘Wall of Maturities’?
The nation’s multifamily owners are facing a financial crunch as they try to refinance construction and other loans. But Boston is likely to see a lot less distress than Sunbelt cities, experts say.
Downtown Boston Needs More than New Zoning to Bounce Back
Can downtown Boston escape the so-called urban doom loop? Probably. But it’s going to take a lot more than new “skyline” zoning for taller towers to bring it back.
Hot Property: Boston Scientific Innovation Center
A renovation designed by architects Margulies Perruzzi created a 20,000-square-foot training center including interactive learning spaces for doctors and Boston Scientific Corp. employees in Marlborough.
In Speech, Wu Defends Downtown Strategies, Tax Rate Plan
Speaking to the Boston Municipal Research Bureau’s annual meeting Thursday, Boston Mayor Michelle Wu said her plans to increase troubled office towers’ share of the city’s tax burden were vital to “avoid making our housing crisis worse.”
What Does Berklee Have in Store for Fenway Property?
A Fenway commercial property added a major new tenant in Berklee School of Music, a neighborhood institution that’s had a rocky town-versus-gown relationship with residents and Boston officials.
Related Beal Picked to Develop Roxbury, Marine Park Projects
Developer Related Beal received approval to move forward with projects on city-owned properties in South Boston and Roxbury that could include more than 400 housing units and nearly 320,000 square feet of lab space.
Boston Office Rents Drop 10 Percent from Peak
Office vacancies in Boston rose slightly in the first quarter, and a wave of expiring leases in coming months will provide hints at the future direction of the market.
Back Bay Hilton Sold for $171M
An investment partnership that completed a $171 million acquisition of the Hilton Boston Back Bay hotel plans a capital improvement program to modernize the 41-year-old property.
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