Commercial Real Estate News
Boston Proptech App Lands Chicago Landmark As Newest Client
The landlord of the second-tallest building in the U.S. has selected a Boston-based proptech startup to deliver tenant experience services through its mobile app.
Construction Employment Up in Boston Area Year Over Year
Construction employment in the Greater Boston area in January was up by 2.69 percent over January 2018.
Massachusetts Short 170K Low-Income Rental Units
Although Massachusetts compares favorably to other states, a new report indicates the commonwealth still has a shortage of affordable housing to meet the needs of its lowest-income residents.
Industry Leaders Urge More Funding for Vocational Schools
Lawmakers, a former top Baker administration and city manager and a one-time lieutenant governor joined advocates Monday to call for an increase in funding for vocational-technical education and passage of a bill to expand access to those programs.
Skating Club Sells Brighton Property, Eyes Norwood Site
The Skating Club of Boston has completed the sale of its 2-acre Brighton property to a Boston developer as it prepares to relocate to Norwood.
Investment Firm Expanding In Seaport
AEW Capital Management is expanding at the Seaport East office tower after signing a new 12-year lease.
State Agency Leases Office Space In Worcester
A state agency has leased 7,686 square feet at Worcester’s Mercantile Center for new offices.
Gilbane & Hunt in Line to Manage WooSox Stadium Build
The Worcester Redevelopment Authority is poised to vote tomorrow to approve Gilbane Building Co. and AECOM Hunt as the project managers for the city’s newest professional sports facility.
Commercial Leases Inked for Maynard Office Buildings
Four Maynard office spaces have been leased to a sporting goods retailer, a medical data firm, a cable television provider and a robotics design firm.
Personnel File
Members of the banking and real estate industries were on the move this week. See who got promoted and hired.
NIMBY Strikes Again on Nantucket
While engaging in the most rapacious forms of profit mongering are apparently fine off-island, Nantucket apparently has a very different code for what’s allowable on this playpen for the fabulously rich.
The Great Salisbury Billboard Race
A Massachusetts regulation stating that no two digital billboards may be erected within 1,000 feet of one another set up a race between competing billboard companies that owned abutting land.
Banker & Tradesman’s Editorial Cartoon: That Affordable Housing is Outrageous
Careful, dear. Your MAGA is showing.
Hot Property: Discovery Way Drive, Cambridge
Boston-based developer Bulfinch is building out the final phase of the 27-acre Cambridge Discovery Park with construction of a speculative, 270,000-square-foot lab building and 383-space parking garage.
The Time to Act on the Housing Crisis is Now
The lack of housing is now approaching crisis level. The number of communities with median prices above $1 million has doubled in the past decade. As a result, the shortage of workforce housing is now a significant threat to our economic growth.
Condo Market Still Has Some Runway
The market remains firmly tilted in sellers’ favor, but is beginning to show signs of a correction while two record-setting ultra-high-end condominium developments scheduled to open this spring in Back Bay and asking prices for Boston condos continue to rise.
‘Slow and Steady’ Not Enough on Diversity
A new report from the Eos Foundation offers a damning critique of many organizations that serve as the public face of Massachusetts’ leading industries.
South End Hotel, Hood Park Expansion Get Go-Ahead
After sitting vacant for decades amid failed redevelopment attempts, the Alexandria Hotel in Boston’s South End is due for a makeover and expansion.
Cannabis Growing Facility Projects Summer Completion
Construction of a cultivation facility generating 7,500 pounds of marijuana flower and 400,000 infused products is on track for a summer opening in southeastern Massachusetts.
North Shore Businesses Look to Form Own ‘Last Mile’ Transit Agency
North Shore business leaders frustrated at “last mile” gaps between the MBTA’s current routes and job centers are considering forming their own transit agency.
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