Commercial & Industrial
Is Wu’s Rent Control Panel Actually Listening?
The panel crafting Boston Mayor Michelle Wu’s promised “rent stabilization” proposal is telling members of the public to not argue about the merits of rent control, only how to implement it.
Baker Asks for Major Changes to Gas Ban Pilot Program
Gov. Charlie Baker is asking state legislators to exempt multifamily housing developments from a proposed 10-town natural gas ban pilot program aimed at gathering data on how to shrink the real estate industry’s carbon footprint.
Big Apartment Landlord Reports Double-Digit Rent Increases
One of Greater Boston’s biggest apartment landlords said average rents have risen by double-digits in the past year, with “robust pricing power” driving increases earlier in the year than usual.
Office Space, 20 Retailers to Replace Cinema in Chestnut Hill
The former AMC Chestnut Hill cinema will be replaced by a 90,000-square-foot expansion of The Street Chestnut Hill retail complex, including 20 new stores and restaurants.
Report: Mass. Renter Must Make $38 per Hour to Afford Apartment
Imagine if you had to work 107-hour weeks just to afford your apartment. That’s what a minimum-wage worker in Massachusetts would need to afford a market-rate two-bedroom.
Sullivan Square Developers Drop Lab Building from First Phase
Developers are scaling back the initial phase of a 2.6 million-square-foot development near Sullivan Square to include less life science space, including the elimination of a previously proposed lab building at 100 Cambridge St.
BPDA Asks Charlestown Developers to Coordinate Public Benefits
Developers of a series of major projects in Charlestown will be asked to coordinate their public benefits packages under a new approach to neighborhood planning.
Taunton Approves Large FedEx Hub at Former Galleria
The new owner of the defunct Silver City Galleria in Taunton received approval to build a 651,076-square-foot warehouse and distribution facility for FedEx at the former shopping mall near Route 24.
US Economy Is Sending Mixed Signals: Here’s What It All Means
Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month.
FoxRock Gets Financing for Next Quincy Development
A $58.5-million construction loan from Citizens Bank will catalyze the development of FoxRock Properties’ 201-unit Center & Stone complex in Quincy.
Wu Updates Daycare Requirements for Commercial Developments
Boston Mayor Michelle Wu is revamping the city’s requirements for commercial developers to support daycare and early childhood programs.
Brickstone Square Attracts Youth Sports Group Lease
A youth sports club and event coordinator is leasing a 64,000-square-foot block of space at the recently renovated 300 Brickstone Square in downtown Andover.
300K SF Life Science Complex Would Replace Woburn Industrial Cluster
A nearly 300,000-square-foot research lab and biomanufacturing complex would replace a group of industrial tenants in a planned redevelopment of a 15-acre property near the MBTA’s Anderson Regional Transportation Center in Woburn.
Boston Landlords Give City Earful at Rent Control Listening Session
If Boston is going to reintroduce a rent control regime, it needs to exempt small landlords, particularly those who keep their rents substantially below market-rate, landlords from across the city told officials at a listening session Thursday.
Personnel File – No. 296
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Advocacy Org Scores Win with ADU Legalization Measure
A measure legalizing accessory dwelling units in many single-family homes statewide has made it over a significant hurdle in the state Senate, potentially setting a new housing advocacy group up for one of its first major statewide wins.
Quincy Center Offices Sold to City Realty
Brookline-based City Realty is placing an $18 million bet on Quincy Center’s continued revitalization with the purchase of a 132,000-square-foot office building in the heart of the downtown business district.
Dedham Flex Property Trades for $134M
A Dedham property leased to tenants including General Dynamics and the American Red Cross has been sold to Invesco Real Estate for $134.1 million.
Wellington Air Rights Set for Launch
Medford officials are by seeking proposals for a 28-acre air rights development site at that covers both the parking lots and train storage yard at the MBTA’s Wellington Orange Line station.
Will Pairing Climate and Housing Policy Give Mass. a Win?
If state infrastructure grants and moral duty aren’t enough to sway residents and officials in Newton and Arlington to pull their weight in solving the state’s housing crisis, could the climate emergency help?
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