Commercial Real Estate News
Greater Boston Rents Rise as Housing Construction Slows
The median asking rent in the Boston metro area was $3,121 in August, up 8 percent from the same time last year.
Mandarin Retail Condo Sold for $83M
The retail storefronts at the Mandarin Oriental Hotel in Boston’s Back Bay were acquired for $83 million by a Toronto investor.
234-Unit Rental 40B Project Proposed in Newtonville
Wood Partners is joining a growing list of national developers seeking to build large-scale multifamily housing in Boston suburbs under the Chapter 40B affordable housing law.
Hasbro Picks WS Building in Seaport for New HQ
The company’s new headquarters will be WS Development’s 400 Summer St. building, also home to Foundation Medicine.
Contractor Sues Developer of Mass Pike Air Rights Project
A contractor on the delayed Fenway Center lab project claims developer IQHQ Inc. has failed to pay nearly $27.4 million for the construction of a deck above the Massachusetts Turnpike to support two future life science towers.
Developer Buys South End Office Building for Conversion Project
After submitting notification for a planned 92-unit apartment conversion, a New York developer acquired a largely vacant South End office building for $24 million.
Causeway Street Offices Sold for 80 Percent Discount
The decline in Boston office building valuations is creating opportunities for local developers to acquire class A buildings previously owned by national and institutional investors.
Personnel File – No. 418
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
40B Developers Take the Long View
A cluster of new 40B development proposals highlight how this 56-year-old state law could be an important tool as landlords explore alternative uses for suburban office and lab sites.
Massachusetts Is About to Complicate Some High-Dollar Real Estate Deals
Massachusetts has proposed a new regulation that could significantly impact high-value real estate deals involving sellers who live out-of-state.
Green Groups, Major Source of Jobs Square Off in Westfield
Massachusetts is at a high risk of recession and may already be in the early stages of a contraction. Is this really the time for green virtue-signaling?
Hot Property: Blue Sky Center Renovations
A $10 million capital improvement program nearing completion at Burlington’s Blue Sky Center includes a new 40,000 square-foot amenity center designed to attract and retain tenants.
September Rate Cut Will Be Felt in CRE Refi Market
A highly anticipated rate cut in September will help Massachusetts developments looking to refinance debt, but bankers don’t expect much immediate impact on loan pricing.
Community Good Works
GFA Federal Credit Union, based in Gardner, announced a $75,000, three-year gift to Heywood Hospital, also in Gardner, beginning with an initial $25,000 donation this year. See who else gave back.
JLL Names New Leaders for New England Multifamily Team
JLL named a pair of new co-leaders of its New England market’s multifamily sales team after hiring two former Cushman & Wakefield executives.
Mass. Lags in Housing Production Despite Units Touted by Healey
New data shows just how few new homes the state is permitting, despite Gov. Maura Healey’s boasts of 90,000 units completed in her tenure.
Berkeley Investments Sells JP Development for $37.8M
A 73-unit Jamaica Plain apartment complex that includes retail tenant Drawdown Brewery sold for $37.8 million.
Bedford Data Center Sold to Boston Developer
Boston-based Camber Development acquired a Bedford property from a data center specialist for $16 million, expanding its portfolio in the Middlesex Turnpike commercial cluster.
West End Hotel Sold to Spanish Chain
Spain’s largest hotel chain acquired an 80-room hotel in Boston’s West End as it expands its North American market presence.
Rent Control Passes First Hurdle to Get on 2026 Mass. Ballot
Two ballot questions that could have big impacts on Massachusetts real estate vaulted their first hurdle to making it into the 2026 state election.
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