Commercial Real Estate News
Four Development Projects Get Backing for Tax Agreements
Tax deferments designed to catalyze groundbreakings of 1,400 apartments in Charlestown and Allston-Brighton received support from the Boston Planning & Development Board.
Waymo Leases Malden Property for Mass. Expansion
Waymo signed a full-building lease for an industrial property near Malden Center as it pursues approval of its self-driving taxis in Massachusetts.
Boston Developer Wins Motor Mart Acquisition
Related Beal says it is the new owner of Boston’s Motor Mart garage, but what will happen to the prior owner’s plans for a condo tower?
Fallon Puts a Finishing Touch on Fan Pier
The 122-unit One Harbor Shore – built on the last residential parcel at Fallon’s Fan Pier – has presold more than a third of its units
Chelsea Could Eliminate Parking Minimums to Boost Housing Construction
Chelsea is joining a growing list of Massachusetts cities to consider whether the road to more housing runs through fewer parking spaces.
Developer Challenges Waltham Office Park Rezoning
Southborough-based Ferris Development is suing the city of Waltham because its office park wasn’t upzoned for housing alongside three BXP-owned properties.
Opportunity Zones 2.0 Are Just the Beginning
Kendall Square, East Somerville and Chelsea had little in common beyond a 617 area code. Now, they could be among 104 Massachusetts Opportunity Zones.
Cambridge Gets Tepid Ideas to Fix Housing Problems
City mandates ordering developers to build below-market units have failed abysmally. A new, city-commissioned report seems poised to excuse the practice.
Permissive Zoning Isn’t Enough When the Permit Process Says ‘Maybe’
A project doesn’t have to be denied to become infeasible. Sometimes “maybe” is enough. Massachusetts’ laws allow that to happen far too often.
Hot Property: The Malin Seaport
The Malin’s coworking firm’s first Boston location includes a mix of private and shared workspaces in a Seaport District tower.
Cambridge Plays Catch-up in AI Office Space Race
Greater Boston has lagged other U.S. tech clusters in AI companies’ leasing in recent years, compounding the office market struggles.
AG Campbell Declares for ‘Starter Homes’ Question 7
Massachusetts Attorney General Andrea Campbell has endorsed Question 7 on this fall’s ballot, dubbed the “Legalize Starter Homes” initiative.
Healey, Minogue Tout Housing Ideas During WBZ Debate
Both backed the “starter homes” ballot question, but GOP candidate Mike Minogue offered fixes that let towns choose whether to accept new housing.
Revere Beach Apartments Trade for $77M
A Revere Beach apartment complex that was developed by Boston-based Redgate Capital Partners was acquired by an institutional investor for $77 million.
Amazon Sublease Adds to Seaport Office Slump
Amazon dialed down its expansion in Boston’s Seaport District, offering 375,000 square feet for sublease in a new office tower that it committed to occupying in 2024.
Video Game Developer Leases 55K At Arsenal on the Charles
A Waltham-based video game developer leased 55,000 square feet at the Arsenal on the Charles in Watertown, as tech tenants fill vacancies at the Alexandria Real Estate Equities-owned life science campus.
Apartments Floated for Lots Next to Chelsea Market Basket
A pair of lots – largely empty save for persistent flocks of seagulls and pigeons – next to Chelsea’s commuter rail station could become apartments.
MCI-Concord Has a New Name, and Potential Development Plan
The future of the former MCI-Concord prison property is coming into focus, as consultants unveiled a new name and details on potential building plans.
New CRE Firm Targets Tough Tech Acquisitions
A new commercial real estate firm made its first acquisition in Westborough, reflecting its investment focus on properties that cater to the growing “tough tech” sectors.
MIT Tower Gets $522M Financing from BNP Paribas
A 25-story high-end residential tower in Cambridge’s Kendall Square received $522 million in mortgage financing from BNP Paribas.
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