Commercial & Industrial
Capital Group Properties Plans Leominster Development
Southborough-based Capital Group Properties plans to develop a 67,500-square-foot industrial building for completion in early 2025 after acquiring a Leominster parcel.
BXP and MassDOT Sign Deal for Back Bay Tower Development
A deal with the Massachusetts Department of Transportation moved the 1.3 million-square-foot redevelopment of the MBTA’s Back Bay station property closer to groundbreaking.
Dana-Farber Eyes Lab Expansion in Fenway and LMA
Dana-Farber Cancer Institute will expand its lab and research space in Boston’s Longwood Medical Area and the Fenway while its office space shrinks under a permanent remote and hybrid workforce model.
Another Option for Vacant Office Buildings
New hotel construction has slowed to a crawl in Boston since COVID but a new source of room supply is emerging in conversions spurred by the city’s struggling office market.
What Has Zoning Reform Accomplished in Cambridge?
The city sought to remove barriers to affordable housing construction by cutting permitting times and costs. And while funding shortfalls will hurt its full potential, it already appears to be working.
Pursuing a Balance of Perspectives in Boston Development
Rather than viewing development as a zero-sum game, in which every win represents someone else’s loss, the conversation needs to shift to collaboration.
Don’t Let NIMBYs Kill Green Power
NIMBY local pols and naysayers wrecked the housing market in Massachusetts. Now, they’re threatening to do the same thing with the state’s new clean energy industry unless Beacon Hill can stop them.
Hot Property: All-Electric Wilmington Warehouse
A partnership between Camber Development and Wheelock Street Capital has begun construction of a 238,000-square-foot warehouse and distribution facility in Wilmington.
R&D Could Throw Lifeline to Sinking Suburban Office Sector
Conversions to R&D space could be the best option for suburban Boston office landlords facing a financial crossroads, real estate executives predicted at an economic forum focusing on the Metro North region.
Boston Awards 37 Grants for Retail Startups
A group of 37 local entrepreneurs will receive nearly $4.6 million in grants from the city of Boston to help establish new retail businesses.
Boston Multifamily Operators Battling Rising Insurance Costs
Multifamily operators are seeing their properties’ running costs continuing to grow, albeit at a slower rate than in years past according to a new report from real estate data firm Yardi Matrix.
Local Leaders Fret Over Accessory Units, Local Control
The Massachusetts Municipal Association supports Gov. Maura Healey’s policy-heavy, $4 billion housing bond bill, but there are pockets of concern among local leaders as the state deploys other carrots and sticks to generate more construction.
Quincy Apartments Trade for $25.4M
A Quincy apartment complex developed in 2018 was acquired by a Brookline investor this week for $25.45 million.
Wu Inks Planning Oversight Reform
Marking the creation of a new planning department that is independent from development approvals, Mayor Michelle Wu chose a backdrop that signified a potential end to heavy-handed government powers to shape Boston’s neighborhoods.
Alexandria Buys WBZ-TV Studios in Allston
The nation’s largest life science developer acquired the WBZ-TV studio property in Allston, where a large redevelopment including offices, labs and housing was approved in 2022 but has yet to begin
Alexandra Project Hopes to Switch Back to Hotel
Will the third time be the charm for a development team’s efforts to redevelop the old Hotel Alexandra property in Boston?
Developer Proposes 51 Apartments in Office Conversions
Vacant office buildings in South End and the Bulfinch Triangle are joining the queue of planned housing conversions taking advantage of Boston’s offer of tax breaks.
Boston, Everett Officials Square Off Over Stadium
The effort to develop a pro soccer stadium in Everett drew praise Tuesday from state officials, but warnings from Boston leaders that it could cause traffic “nightmares” and pleaded to be included in future planning discussions.
Larry Lucchino, Key Figure in Red Sox and Worcester Revivals, Dies at 78
Former Boston Red Sox President and CEO Larry Lucchino has died at age 78, the team announced Tuesday morning.
Sublease Surge Puts Pressure on Lab Rents
Asking rents for life science space in Greater Boston have declined 10 percent from 2022’s peak and landlords are likely to offer further concessions amid a recent uptick in sublease space.
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