Commercial Real Estate News
Hines Pays $73M for Davis Companies’ Suburban Property
A Wilmington industrial park was acquired by Hines, the Houston-based real estate developer, for nearly $73 million following a speculative expansion project during The Davis Companies’ 4-year ownership period.
Boston Planning Chief Has More Questions for Developer
A housing developer won a recent legal victory over a lengthy review of a 204-unit apartment complex in Hyde Park, but the Boston Planning & Development Agency has more questions.
NU Buys Converted Lab Building at Big Discount
A suburban lab conversion was acquired by Northeastern University for $33 million, just three years after a local developer sold it for $103 million to an institutional investor.
Rising Seas Whip Up Talk of Property Buyouts on Mass. Coasts
The Healey administration is proposing a strategy that also eyes building code changes to protect the Massachusetts coastline from rising seas and intensifying storms.
Suffolk in Financial Dispute Over Southie Power Plant Demolition
A subcontractor that performed asbestos removal work during demolition of the former Boston Edison power plant is seeking financial damages from construction giant Suffolk.
Personnel File – No. 406
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
One Congress Refinanced for $650M
Boston’s One Congress office tower received $650 million in refinancing from Bank of America and Wells Fargo.
Is This the Best Development Site in Massachusetts?
National Development’s 75 Reed Road property represents a rare opportunity amid growing demand for big development sites serving emerging industries, particularly data centers for applications like AI.
When Developers Are the Ones Halting New Housing
When it comes to NIMBY opposition that derails plans for new housing, it’s not just the neighbors raising a stink. Every now and again, it’s also rival developers worried about the competition.
Hot Property: Vertex Bridge
Construction of a new pedestrian bridge will link two Vertex Pharmaceuticals research buildings in Boston’s Raymond L. Flynn Marine Park while providing flexibility for future demolition.
Residential and Hospitality Designs Cross Paths
Restaurant groups in Boston turn to Matthew Arnold for inspiration when preparing to debut a new concept. He recently went independent with his own year-old design firm, ArnoldAnd.
Liability Woes Leave Snow Contractors on Slippery Ground
Landscape contractors are calling on state lawmakers to address slip-and-fall liability issues that snow and ice removal service providers face across Massachusetts.
BPDA Approves 155 Apartments in Vacant Offices
Boston planning officials approved a new hybrid industrial development in Newmarket and office-to-residential conversions in the downtown and North End neighborhoods.
Boston Wins Top Bond Rating as Questions Surround Downtown Property Values
Both Moody’s Analytics and S&P Global said office tower values could fall further, but many homeowners can afford to pick up the slack in city property tax collections.
Apartments Approved at South Shore Plaza, with Benefits
Braintree OK’d a 325-unit apartment complex following a fight pitting warnings of “overdevelopment” against the need for housing production.
Tesla-Leased Property Trades for $26M in Walpole
A recently repositioned industrial property leased to credit tenants including Tesla, Home Depot and Goodyear traded for $26 million.
Boston Developer Buys Somerville Industrial Park
A Boston-based real estate investor acquired a Somerville industrial park located in a neighborhood that’s attracted large-scale development proposals in recent years.
Developer Proposes Condos Near Gillette Campus
A South Boston developer submitted plans for a condominium project replacing an office building near the Gillette campus.
Poll Finds Strong Support for More Housing Development
Voters strongly support land use policy changes that would make multifamily development easier in Massachusetts, according to a statewide survey commissioned by Abundant Housing Massachusetts (AHMA).
Another Big Office Landlord Tests Sales Climate
Blackstone’s office real estate arm is testing the investment sales climate in Boston with plans to sell a Back Bay multitenant building after an 11-year ownership period.
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