Commercial Real Estate News
AG Warns Towns About MBTA Zoning Compliance
Municipalities that don’t comply with the state law requiring that denser, multifamily housing be allowed near transit stations could be slapped with lawsuits in addition to losing access to key sources of state funding, Attorney General Andrea Campbell warned Wednesday.
Report Shows Wide Divergence Between Boston, Sun Belt Housing Production
A new report from Apartment List researchers shows the dramatic disparity between housing production in Greater Boston and other parts of the country often touted as the region’s chief competition for residents and talent.
Midwood Proposal Reignites Debate over Downtown Future
Neighborhood residents and real estate executives are sparring as a developer renews its push for a 24-story tower in Downtown Crossing. At stake: competing visions for downtown Boston’s future.
SVB Failure Weighs on Nonprofits, Some CRE Properties
Silicon Valley Bank’s failure is creating a potential gap in financing for Massachusetts affordable housing projects and risks for commercial landlords that have a concentration of tech and life science tenants.
Lt. Gov. Noncommittal on Boston Rent Control Push
Asked for her thoughts on some of the most talked about Beacon Hill happenings in a TV interview that aired Sunday, Lt. Gov. Kim Driscoll had a consistent message: let’s wait and see.
Wentworth Plans New 23-Story Dorm, Academic Hall
Wentworth Institute of Technology plans four new building projects including a new 630-bed residence hall and academic building to replace outdated facilities on its 31-acre Boston campus.
Personnel File – No. 325
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Biden’s Cape Bridges Plan Viewed as ‘Down Payment’
Massachusetts elected officials who for years have been seeking federal funding to help replace the aging bridges across the Cape Cod Canal got a major ally Thursday: President Joe Biden.
CDFIs Can Lead the Charge on Equity in Community Development
Business leaders must continue to focus on communities of color, understanding that ongoing commitment to affordable housing and economic development is vital for equity.
Resident Services in Affordable Housing Vital to Health Care Access
As Gov. Maura Healey begins the process of creating a new Executive Office of Housing and Livable Communities, she should look to promote this important tool that affordable housing property managers provide.
Accusations Sow Doubt About Return-to-Office Data
Two of the region’s largest owners of office buildings and towers have a bone to pick with Kastle, the company which tracks office building occupancy, saying it’s reporting overly pessimistic data.
Condo Construction on Collision Course with IDP Changes
Policymakers in Boston could be facing a catch-22 while pursuing a pair of popular but potentially contradictory goals: encouraging developers to build more residential condominiums while requiring a higher percentage of income-restricted units.
Hot Property: Mission on Summer
Developers received $3.1 million in financing from MassDevelopment and Bay State Savings Bank for the conversion of a vacant downtown Worcester chapel into affordable housing.
Seizing a Growth Opportunity in a Turbulent Market
Boston Realty Advisors recently concluded a year of major milestones including the selection of a new Back Bay headquarters and significant growth of its business lines and workforce. Senior partner Jason Weissman explains the company’s strategy.
Developer Revives Decade-Old Southie Apartment Plan
The owner of a South Boston industrial property is reviving development plans originally approved in 2012, seeking to begin construction of a 127-unit apartment complex.
Community Good Works
Ironworkers Local 7 donated and delivered more than $10,000 worth of school supplies to Boston students, teachers and families. See who else gave back in big ways recently.
New Weston Labs Get First Biotech Tenant
The speculative redevelopment of Weston’s former Liberty Mutual office park into life science space received its first tenant commitment from a Natick biotech that was acquired last year for $300 million.
Avon Industrial Landlord Inks 130K SF to Two Tenants
The New York-based owner of two Avon industrial properties signed leases totaling 130,000 square feet to a wholesaler and solar power producer.
Pro-Housing Group Expands Advocacy in MBTA Communities
A pro-housing advocacy group is expanding its staff to accelerate compliance with Massachusetts’ Housing Choice law, which requires 175 communities in eastern and central Massachusetts communities to allow high-density multifamily development.
Old Town Trolley Operator Buys Malden Center Property
A company that provides historic-themed tours including the Old Town Trolley will relocate to Malden after buying a former bakery building near the downtown.
This Week’s Newspaper
