Commercial Real Estate News
Land Deal Unlocks Future Lynn Harbor Park
Lynn’s 15-acre former landfill and 15 acres of former National Grid land could become the site of a waterfront park following a land deal between National Grid and a private developer that plans to work with the city to rehabilitate the property as officials look to spur more development along the Lynnway.
Dorchester Affordable Development Secures Permanent Financing
A scattered-site affordable housing development in Dorchester has secured permanent financing.
As Tourists Return, Cape Businesses Grapple With Worker Shortage
The Trump administration announced last month that it was extending a ban on green cards and adding many temporary visas to the freeze, including J-1 cultural exchange visas and H-2B visas, which businesses from forestry to fisheries to hospitality traditionally depend on.
Shawmut Begins Work on Sasaki-Designed Renovations to Boston City Hall Plaza
Boston Mayor Marty Walsh announced the start of construction for the renovation of City Hall Plaza Saturday. The renovation, it is hoped, will transform the plaza into a civic space for all residents, with universal accessibility, new civic spaces, increased environmental sustainability and infrastructure improvements.
Boston Reopens, Somerville Delays Phase 3
A week after most of the rest of Massachusetts, Boston is scheduled to enter the third phase of its coronavirus economic restart on Monday.
BHA Extends Eviction Moratorium
The Boston Housing Authority is extending its moratorium on “nonessential evictions” – all except those related to criminal activity or that are “necessary to protect the health and safety of BHA residents, employees, and others” – through the end of the year, Mayor Martin Walsh’s office announced Friday.
$700M Mass Pike Air Rights Project Launches
A $700 million development on a landmark Massachusetts Turnpike air rights parcel is beginning construction in Back Bay in spite of the uncertainties swirling around future demand for office, hotel and retail space.
Bond Leads $128M School Building Project
Bond Building Construction is leading a $128 million redevelopment project including demolition of the 59-year-old Maria Weston Chapman Middle School in Weymouth and construction of a new 221,000-square-foot building.
Tax Incentives Offer Opportunities During the Pandemic and Beyond
If a company plans to retain or create jobs, renovate a leased or purchased building or construct a new building, tax incentives may be available.
Hot Property: Tremont on the Common
Custom stone flooring from Greek and Turkish quarries adorns the newly updated lobby of Tremont on the Common, a 28-story tower that contains 374 condominiums.
Beacon Hill: Beware Pandora’s Box
If legislators pass one of the leading proposals on Beacon Hill to deal with a possible eviction crisis without offering funding equal to its scope, they could be opening a pandora’s box.
Great Depression 2.0? Not So Fast
It’s become all the rage right now to compare our current coronavirus-driven downturn to the Great Depression. But a closer look at what actually happened during the Great Depression provide some rays of hope.
State Hospital to Smart Growth Model
A 10-acre parcel that would complete the redevelopment master plan of the former Boston State Hospital property in Mattapan could be the missing piece of the puzzle that creates a true “smart growth” neighborhood.
Community Good Works
Banks and commercial real estate firms helped support their communities in several ways in recent weeks, including donations of meals to homeless shelters and college scholarships for graduating seniors.
Boston Ranks Near Top in Gentrification Study
Income and home price gains were concentrated in a handful of neighborhoods in booming U.S. cities including Boston during a portion of the past decade, according to a study of wealth concentration and gentrification patterns.
Mass. Unemployment Dips Only 1.8 Percent
The number of people receiving unemployment assistance in Massachusetts dipped a mere 1.8 percent last week despite the impending start of another phase of the state’s economic reopening plan.
State’s COVID-19 Transmission Rate Slips Above Critical Threshold
Massachusetts is now the only New England state with a COVID-19 transmission rate that indicates rapid spread of the coronavirus, according to a website that has been compiling state data and tracking transmission trends.
Judge Sides With Wynn in Everett Eviction Lawsuit
A federal court sided with Wynn Resorts in a lawsuit which claimed that the Las Vegas casino operator encouraged an Everett landlord to terminate the lease of an auto body shop near its Encore Boston Harbor property.
Westbrook Seeks to Attract Lab Tenants in Watertown
Another redevelopment of commercial real estate in East Watertown is adding to the pipeline of future life science inventory in the inner suburbs.
Maynard Power Center Lands Emerson Hospital Outpost as Tenant
Maynard Crossing, an in-development 730,000-square-foot retail plaza anchored by a Market Basket, will also contain an urgent care facility run by Concord’s Emerson Hospital.
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