Commercial Real Estate News
Gaming Commission Releases Agreement With Wynn
As part of a compromise to have a lawsuit against it dismissed, the Massachusetts Gaming Commission agreed to exclude certain information its investigators gleaned about allegations involving former casino magnate Steve Wynn from its forthcoming investigative report and will return some of the documents it obtained.
Self-Storage Facility Planned for Historic Worcester Factory
A historic Worcester shoe factory is set to become a self-storage facility.
Massachusetts’ Business Leaders Still Overwhelmingly White, Male, Report Finds
Organizations representing Massachusetts’ business community, including the banking industry, have come in for criticism from a new report on leadership diversity in the state from the Boston-based Eos Foundation.
Lender Buys Commercial Parcels at Union Point
A lender that provided a mortgage for 220 acres of development sites at Union Point took possession from master developer LStar Ventures on Wednesday, submitting the high bid of $18 million at a public auction.
Boston Breaks Ground on 349-Unit Expansion of JP Housing Project
Dignitaries gathered Wednesday to celebrate the start of renovations to Boston’s Armory Street Apartments in Jamaica Plain and the groundbreaking for a 349-unit housing development being built on adjacent city land.
Taj Hotel to Get New Entrance, Expanded Rooftop Restaurant
Boston’s famed Taj Hotel, originally the Ritz-Carlton, is getting a renovation that will expand its rooftop restaurant and move the entrance to Newbury Street.
234-Unit Affordable Buildings in Orange Get $11.6M MassHousing Financing for Renovations
MassHousing has provided a total of $11.6 million in affordable housing financing to the nonprofit Retirement Housing Foundation for the renovation and preservation of two adjacent affordable housing communities in Orange.
Boston Landing Names Operator for New Concert Hall
Boston Landing’s next phase will include a 3,500-person-capacity concert hall managed by The Bowery Presents, an arm of Los Angeles-based promoter AEG that operates live music venues including the Sinclair in Cambridge.
Pine Street Inn Plans Large Affordable Project in JP
A large affordable housing project could be coming to Boston’s Jamaica Plain neighborhood, courtesy of the Pine Street Inn homeless shelter.
Developer Revises South End Co-Living Tower
Boston’s biggest experiment with “co-living” is looking a bit more companionable.
In Speech, DeLeo Asks Businesses for Unity on Money for Transit Fixes
Opening the door for a near-term debate over transportation and transportation financing on Beacon Hill, House Speaker Robert DeLeo said he is open to tax hikes or just about any other prescription to address the state’s critical needs – but he first wants to know what businesses will support.
Boston Ranked as Top U.S. Life Science Cluster
Greater Boston lab rents are rising by double digits, as the region retains its position as the nation’s top life science market, according to a new report by CBRE.
Japanese Ice Cream Parlor, Dog Bakery Coming to Seaport
Seven new retailers – including a Japanese purveyor of fish-shaped ice cream cones and a French creperie – are joining WS Development’s Boston Seaport District portfolio in the spring or summer of 2019.
More Nursing Home Closures Expected, Driven by Assisted Living
In increasing numbers, senior citizens in Massachusetts are turning to assisted living or living at home with assistance, and those choices are exacerbating problems in the nursing home industry.
Citizens Bank Gets Venue Naming Rights, Exclusive Deals for Customers in New Partnership
A new partnership between a major local event producer and Citizens Bank will result in a new name for one of the Theater District’s iconic venues.
Fire Damages Hub on Causeway Tower
Firefighters extinguished a blaze that broke out on the 25th story of a high-rise apartment tower at The Hub on Causeway at Boston’s North Station hours before Saturday night’s Bruins game.
JLL Markets Malden Center Redevelopment
Boston-based Berkeley Investments has picked JLL as office leasing broker for its 300,000-square-foot Exchange 200 project in Malden Center.
Saugus Construction Firm Hit With Cease-and-Desist Letter for Environmental Violations
A Saugus construction company has been told to stop work on a site in its hometown.
For 40 Years, CEDAC Has Catalyzed Positive Change
In the 40 years since we were established by an act of the legislature, Massachusetts and the community development sector have changed tremendously, and so has CEDAC.
Time to Worry About WeWork
Beware of a business model that involves betting the house – or, in this case, the office tower – on the ability to push already sky-high rents ever higher, year after year, recessions be damned.
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