Commercial Real Estate News
Slower Job Growth, Retirements Chill Business Confidence
Associated Industries of Massachusetts, in releasing its monthly index readings on Tuesday, said signs of a “cyclical global slowdown” and labor force constraints were behind a 0.3 percent drop in its business confidence index
Developer Proposes 650K SF Mystic Village Housing Complex
As the city of Medford considers rezoning Mystic Avenue, one developer isn’t waiting for a final decision before proposing a large-scale multifamily project.
Amazon Leases Medford Office Space
Amazon is joining the northern migration of office tenants along the MBTA Orange Line corridor with a lease of 50,000 square feet at The Davis Cos.’ One Cabot property at Medford’s Wellington Circle.
Gender Pay Gap Still Persists in Finance, Real Estate, Groups Say
Industry groups around the country marked Equal Pay Day on Tuesday to call attention to the gap between women’s earnings and men’s earnings, particularly in the banking and real estate fields.
Wynn Resorts Called a ‘Different Company’ After Steve Wynn’s Departure
Pledging that the company has undergone a “transformation” since Steve Wynn left the last year while embroiled in sexual misconduct allegations, Wynn Resorts on Tuesday set out to convince the Massachusetts Gaming Commission that it remains suitable to hold the lucrative Boston-area casino license.
Life Science Company Commits to 114K SF Kendall Square Lease
Ironwood Pharmaceuticals spinoff Cyclerion Therapeutics Inc. has leased 114,454 square feet from BioMed Realty in Cambridge’s Kendall Square.
Groups Target Fenway Park Redesign
Fenway neighborhood activists are targeting the Boston Red Sox’ plans to build a 5,400-seat concert hall behind Fenway Park, eliminating 450 bleacher seats to make way for new seating and function space overlooking the ballpark.
Swansea Mall Closes, Land to Be Auctioned
The 90-shop Swansea Mall closed its doors for the last time this weekend after decades of difficulties.
Waterfront Apartments Break Ground in Revere
A 145-unit apartment complex called BLVD at Revere Beach will include a mix of studio, one- and two-bedroom units with 5,800 square feet of resident amenities.
Report: MBTA Having Trouble Retaining Staff
The MBTA has a developing employee shortage, unable to replace as many as 500 employees who have departed since 2015.
Boston Landing Begins Concert Hall And Track Project
A 3,500-seat concert hall and track-and-field facility with a 20,000-square-foot sports research lab are under construction at Boston Landing in Brighton.
Lynnfield Office Building Sells for $17.75M
A Lynnfield office building has sold for $17.75 million.
Developer Finalizes WooSox Stadium Land Deal
The developer building the new home of the Worcester Red Sox has dotted his i’s and crossed his t’s, finalizing a deal last week for the team’s new stadium near Worcester’s Kelly Square.
A Year After #MeToo Scandal, Wynn Resorts Faces Regulators
Wynn Resorts has taken laudable steps to transform a culture that allowed sexual misconduct complaints against its founder to remain hidden for decades, women’s rights advocates and business experts say.
Personnel File
See who’s been promoted and who’s been hired at companies in Boston’s banking and real estate industries.
Millennium Pushes the Envelope at Winthrop Center
Developer Millennium Partners didn’t anticipate a renewed debate in Congress over carbon taxes as it started designing its $1.35 billion Winthrop Center tower. But the potential to reduce the 691-foot skyscraper’s energy consumption by up to 80 percent is starting to look more prescient.
Hope Springs Eternal for Transportation Needs
Elected officials, the business community and the transportation stakeholder community all are in agreement that Massachusetts needs to act soon – and in a comprehensive manner – to address our current needs and secure our future economic prosperity.
Approaching the Local Zoning Board
If you’ve got a question about zoning laws in Massachusetts or what to do before appearing in front of a local zoning board, Barry Crimmins is your man.
Hot Property: 40 Warren St.
DLJ Real Estate Capital partners is redeveloping into 39,900 square feet of class A office space scheduled for completion this year.
The Rent Control Debate is a Red Herring
As frightening as the prospect of a rent control proposal on Beacon Hill may be to some the issue is a red herring that threatens to distract everyone from efforts to get Gov. Charlie Baker’s Act to Promote Housing Choice passed as soon as possible.
This Week’s Newspaper
