Commercial Real Estate News
The SJC’s Latest MBTA Communities Decision Is Bigger Than You Think
The decision gives the Legislature the green light to pursue additional commonsense land use reforms that will help create more homes.
Does Boston Want to Keep Small Landlords from Converting to Condos?
A new push to extend Boston’s tough restrictions on converting apartments into condos would force small landlords to navigate a thicket of red tape.
Hot Property: Newburyport Crossing Phase III
A $6.5 million state Momentum Fund investment enabled MINCO Development Corp. to obtain construction financing for the third phase of Newburyport Crossing.
Boylston Properties Seeks Arsenal Yards Buyer
The retail and multifamily buildings in Watertown’s Arsenal Yards hit the market this week, in what could become one of the biggest real estate deals in years.
Nursing Home Rules on the Move After Newspaper Investigation
The Healey administration plans to bring regulations to the Public Health Council to implement a two-year-old law that directed the state to consider out-of-state issues when weighing a nursing home license.
Mass General Brigham Is Somerville Lab Tower’s First Lease
A 100,000-square-foot lease chips away at the 74M tower’s status as a symbol of Greater Boston’s lab gut, as Banker & Tradesman first reported in August.
118K SF Downtown Salem Development Completes Financing
Beverly-based Windover Construction has begun construction of 115 apartments in downtown Salem, where WinnCompanies recently completed a $48 million financing package comprising 25 sources.
Harbor Towers Get a 50-Year Reprieve from Nature
The nor’easter in late September spared the Harbor Towers condominiums, located steps from the downtown Boston waterfront. Trustees say a recent $20 million investment ensures that the property will withstand coastal storms for decades to come.
NorthBridge Sells Boylston Distribution Center for $90M
Rising fuel costs are putting a premium on well-located warehouse and distribution centers, factoring into the $90 million acquisition of a central Massachusetts property.
Studio G Architects Names Next Leader
Boston architecture and planning firm Studio G has announced founder Gail Sullivan plans to retire.
Watch: DTX Landmark Seeks to Stand Out in Crowded Market
Millennium Partners has a big block of vacant space to fill at 10 Summer St.: over 244,000 square feet on six upper floors in a building now anchored by retail tenant Primark.
State Housing Chief Says More Funding Coming for Development
Massachusetts’ top housing official said more public assistance is coming for developers of multifamily projects, including $200 million of state transportation funding to jumpstart projects.
Healey Seeks Project Labor Agreement for Cape Bridge Project
State officials have issued a request for proposals for a team to design and build a new Sagamore Bridge, and the firm that wins the bid must agree to a project labor agreement.
Cambridge Councilors Seek to Rein in Citywide Upzoning
Cambridge officials took a step towards rolling back the city’s historic 2024 citywide rezoning, which has prompted a backlash from some residents about the scale of recent multifamily development.
Residential Conversions Trigger Updates to Historic Buildings
A Brutalist landmark, a block-sized prewar edifice and a smaller downtown office building are getting new building systems as well as apartments.
Project Labor Agreement Cost Study Prompts Healey Admin. Rebuttal
A conservative-leaning think tank released a report that argues project labor agreements ratchet up construction costs and could possibly carry implications for replacing the Cape Cod bridges.
Personnel File – No. 458
From new VPs to fresh project managers, see who’s been hired, promoted and honored in the Massachusetts real estate and banking industries.
Mismatched Priorities Extend Lab Market Woes
Commercial landlords’ business model and small biotech companies’ needs are at odds, throwing obstacles in the paths of filling empty lab buildings and form the next generation of industry giants, alike.
Growing the Workforce by Growing Others’ Businesses
Joe Rettman and NEI General Contracting are helping subcontractors grow in their bid to relieve the pressure on the Massachusetts’ construction labor market.
Why Did the State’s Top Tax Official Ignore Boston’s Tax Mess?
What’s up with state Commissioner of Revenue Geoffrey Snyder? Why won’t he look into Boston’s admission that it hiked taxes on 150 struggling commercial buildings?
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