Commercial Real Estate News
IBA Turning Former Offices into Housing
Inquilinos Boricuas en Acción, the community development corporation founded by local activists fighting urban renewal in the 1960s, is turning its former offices at 403 Shawmut Ave. into income-restricted apartments.
Seaport West Adding Earl’s Kitchen + Bar in 2027
Earl’s Kitchen + Bar announced plans for its second Boston location as landlord Pembroke revamps its Seaport District portfolio’s restaurant lineup.
Worcester Apartments Sold for $122.2M
A mixed-use building in Downtown Worcester has been sold for $122.2 million.
Trash Collector Strike is ‘So Bad’ for MA, Healey Says
More than 20 days after unionized sanitation workers walked off the job in 14 Massachusetts communities, Gov. Maura Healey on Wednesday reiterated her call for Republic Services to “resolve” the labor dispute.
First MBTA Communities Projects Surface in Medford, Needham
Developers are planning the first two proposals under MBTA Communities law districts in Medford and Needham, which could create 437 new apartments steps from transit stations.
No End in Sight for Housing Financing Hurdles
Across Greater Boston, approved multifamily building proposals are gathering dust despite strong market fundamentals. Blame banks and investors.
Let the Celtics Arena Games Begin!
Buried at the bottom of an otherwise routine column, a Celtics beat writer dropped a potential bombshell: The team’s new owner is looking to build a new home for Boston basketball.
New CEO Sharpens Pencils on School Projects
Lorraine Finnegan, the new CEO of SMMA architects, has a history of adapting to changing economic conditions. The current economic climate is no exception.
Invasive Weed Trips Up Builder in Pepperell
Young parents buying new homes have many concerns. Whether their builder may have knowingly spread an invasive weed and glass on their property should not be among them.
Mass. Needs More Senior Housing, But These Aren’t Like Most Multifamily Projects
There is an extremely high demand for senior housing in Massachusetts, but good senior housing projects aren’t just rebranded apartment buildings.
There’s 2M SF of Offices Waiting to Be Converted to Housing, But They Need Help
Greater Boston’s high construction and capital costs have made most conversions prohibitively expensive. A solution needs state, municipalities and industry to collaborate.
To Hit Our Housing Goal, We Need to Add New Tools
Massachusetts is an incredible place to live. But the high costs of housing are making it harder to live here. Three bills before the Legislature would help.
Emerging Developers Bring Dormant Boston Sites to Life
Two years in, the city of Boston’s push to redevelop vacant, city-owned lots while helping emerging developers scale their businesses is finally bearing fruit.
What’s Next After MBTA Communities?
If you follow housing policy, you know Amy Dain. The longtime freelance public policy researcher recently joined Boston Indicators to build on her research into the state’s housing production struggles.
Hot Property: Simon’s Rock Campus
Bard College selected brokerage JLL to market its 275-acre Simon’s Rock campus in Great Barrington for sale.
Amid Headwinds, College and Lab Projects Move Forward
These three projects are bright spots offering valuable lessons. All three required years of work and complex transactions. All are entering construction during unprecedented uncertainty.
Fenway Luxury Apartments Land $132M Refi
A large, luxury apartment building in Boston’s Fenway neighborhood has secured its latest refinancing.
Lab Tenant Demand Rebounds, as Leasing Gravitates to Suburbs
Demand for lab space rebounded in recent weeks, but much of life science tenants’ leasing activity gravitated to suburban properties rather than the East Cambridge industry epicenter.
Real Estate Protests, Spilka Stands By Broker Fee Law
The Small Property Owners Association pulled together a mix of landlords, brokers and real estate agents outside the State House to protest the state’s new ban on tenant-paid apartment broker fees.
Industry Group Envisions Boston Fisheries Museum in Seaport
A major lab project nearing completion in the Raymond L. Flynn Marine Park is providing seed money for the first-ever museum to memorialize what was once a major city industry.
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