Commercial Real Estate News
1.2K Housing Units Floated at Brockton Fairgrounds
A Boston developer submitted plans to redevelop the 66-acre former Brockton Fairgrounds property with 1,200 housing units as part of a Suffolk Downs-type mixed-use development.
Watertown’s LINX Gets $94M for Refinancing
Watertown’s LINX lab development received $94 million in permanent financing from a Paris-based lender.
Boston Council Prez: Ex-Carney Hospital Must Be Health Care Facility Again
The vacant Carney Hospital property in Dorchester, which Steward Health Care shuttered to patients last month, should remain a health care facility in the future, Boston City Council President Ruthzee Louijeune said in a television interview that aired this weekend.
Expect Shortages and Higher Retail Prices If Dockworker Strike Drags On
U.S. ports from Maine to Texas shut down Tuesday when the union representing about 45,000 dockworkers went on strike for the first time since 1977.
Personnel File – No. 382
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Mariano: Major Deals Possible Before Or After Election
After one of his first public appearances at the State House since formal sessions ended on July 31, House Speaker Ron Mariano defended the Legislature’s right to make laws throughout the two-year session, telling reporters that it doesn’t matter to him whether major bills get done before or after November’s election.
Lab Supplier Leases 113K SF for HQ in Ayer
Pepperell-based Celltreat Scientific Products will consolidate from three separate locations into the new headquarters at 3 Nemco Way.
Muted Reaction to Wu’s $100M Housing Fund, Return of Top Planner
Developers and real estate executives weren’t tapping furiously at their keyboards and burning up my phone line in praise of the mayor’s announcement of a $100 million “Housing Acceleration Fund.”
Cambridge’s Next Biotech Beacon Gains Altitude
Led locally by Bill Kane, Blackstone-owned BioMed Realty is building one of Cambridge’s most notable new projects, the 585 Kendall tower leased to Takeda Pharmaceuticals.
Massachusetts Shoots for Leadership in the ‘Hard Stuff’
Massachusetts lost biomanufacturing jobs last year, raising questions about the sector’s future in the state. But local and state leaders are planning initiatives to show the Bay State remains a formidable powerhouse.
We Must Rebrand Housing as a Benefit, Not a Burden
I’m often asked by area business owners and residents, “What can we do to support solutions to our housing issues in our own communities?” The answer sometimes surprises people in its simplicity.
Will Lab Slump Translate into Housing Gains?
A vision to turn West Cambridge into a second Kendall Square is coming apart amid record lab vacancies across the region, as the fundamentals of development look set to shift back in favor of multifamily housing.
Serving Up a Smorgasbord of Housing Incentives
How much new and rehabilitated housing can $5.16 billion and a number of Zoning Act changes buy? We will find out over the next five years.
Hot Property: Williams College Museum of Art
Skanska Integrated Solutions is program manager for construction of Williams College’s new Museum of Art which broke ground in September.
Laying the Groundwork for a Biotech Rebound
Despite the spring’s bad headlines, this summer ended with a pile of venture capital deals and two more Bay State biotech IPOs. It’s time for Beacon Hill to do its part to keep that momentum going.
A Move to Expand Her Impact
After five years as CEO of major Boston nonprofit housing developer Madison Park Development Corp., Leslie Reid joined the Massachusetts Housing Investment Corp. this summer to oversee its expansion and new product development.
Allston’s Western Ave. Poised to be Next Hub for Life Sciences
We believe the projects most likely to succeed are those situated in dynamic ecosystems that already exist and can help foster innovation and collaboration.
Breaking Through the Noise on Office-to-Residential Conversions
Converting an office space to housing has big benefits, but can be even more expensive than building housing from scratch. Political and business leaders must come together to find feasible solutions.
New Factors Give Occupiers Even Stronger Hand in Lab Market
The life sciences and lab market across the Boston metro area has been in a state of flux for some time, but a new factors have added extra pressure on landlords and owners.
Developer Proposes 40-Story ‘North Station Gateway’ Tower
Largely-vacant office buildings near Boston’s North Station would be redeveloped as a 40-story hotel-residential tower under a proposal submitted by Newton-based The RMR Group.
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