Commercial Real Estate News
Hot Property: The Bower
Montserrat College of Art’s new creative complex in downtown Beverly includes affordable artist studios, galleries, performance venues and offices designed to meet the needs of nonprofits and creative professionals.
A Day of Reckoning Drives Auction Business
Bank loans gone bad translate into an uptick in business at Sullivan & Sullivan Auctioneers, led by founder Marianne Sullivan.
BPDA Board OK’s Northeastern Plans for Big Housing Investments
Officials OK’d seven projects that will bring 285 new homes to the city, a new Northeastern University arena and the school’s five-year plan to add 1,000 new dorm beds.
Cambridge Hotel Caught in Sonder Bankruptcy Reopening in December
Following the bankruptcy filing of the Sonder hotel chain, a new operator announced it has taken over the management of a Cambridge hotel.
Wellington Housing Pipeline Begins with 289-Unit Clayborn Project
Construction is ramping up for the first in a series of developments that could add nearly 1,100 apartments near Wellington Circle.
Davis Companies Adds Shared Lab Space Provider in Watertown
A shared lab space provider leased nearly 58,000 square feet at The Davis Companies’ 66 Galen St. in Watertown as it expands its footprint in Boston suburbs.
Marcus Partners Expands Industrial Portfolio by 307K SF
Boston-based Marcus Partners expanded its industrial portfolio by 307,053 square feet with the acquisition of five properties in Medford and Chelmsford.
Housing Report Card Gives Mass. ‘Incomplete’ Grade
Massachusetts is unlikely to meet the Healey administration’s goal for 220,000 new housing units’ completion by 2035, according to a new report analyzing the state of the residential real estate market.
State Street Corp. Expands in Burlington
State Street Corp. committed to keep its suburban offices in Burlington through 2037 with a lease expansion and renewal at The District.
One Exchange Place Gets Financing in Worcester
Worcester’s former police and fire headquarters and a district court building received $14.35 million in financing for a mixed-use conversion.
Steeple Antenna Lawsuit Highlights Hidden Costs for Property Owners
After notice of a $177,000 property tax bill was affixed to its front door, a Dorchester church went to Suffolk Superior Court to challenge an assessment related to a T-Mobile wireless antenna located in its steeple.
Personnel File – No. 426
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Home Depot Replaces Lab Project at Woburn Cinema Property
Woburn’s Showcase Cinema property – previously in play for a lab development – would be redeveloped as a Home Depot store under a proposal by the Atlanta-based home supplies chain.
High Bid of $42M Submitted for Revere Beach Towers
A developer with a large portfolio of multifamily housing in Boston and North Shore communities submitted the high bid for a trio of Revere Beach apartment towers in a bankruptcy case.
Salem Debates Ripple Effect of Waterfront Project
Prime Group wants to redevelop more than half its Shetland Park property into high-end and affordable housing. City officials are debating whether it has responsibility to deter displacement next door.
Change to Condo Conversion Law Doubles Number of Protected Rental Homes
The requirement to compensate tenants displaced by a condo conversion creates a softer landing for households facing the challenges of an unexpected move.
Hot Property: The A.R.T.’s New Home
The David E. and Stacey L. Goel Center for Creativity & Performance will include a 700-capacity theater and 300-seat black box, rehearsal studios and outdoor performance yard.
Why Is America a Nation of ‘No’?
America has become NIMBY Nation, and Massachusetts, where even plans for a two-bit apartment building will draw warnings of environmental doom, is its spiritual heartland.
Massport Deserves Our Praise and Increased Support
Greater Boston’s economy is still struggling to regain its footing across many post-pandemic indicators but one success story is quietly driving the recovery: Massport.
Name Change for NAIOP-MA Reflects Expanded Reach
The region’s largest commercial developers trade group is adopting a new name that better reflects its modern-day focus.
This Week’s Newspaper
