Commercial Real Estate News
Boston Awards $38M in CPA Grants for Housing
Seven affordable housing projects in Boston will receive Community Preservation Act grants to help them complete their financing packages.
DPU Squeezing How Much Utilities May Charge for Gas Pipe Replacements
The Department of Public Utilities late Wednesday night ordered that gas companies will have to ratchet down the amount of money they can bill customers for efforts to replace old and leaking natural gas pipelines.
Alexandria Expects Tariff Hit on Construction Costs
Alexandria Real Estate Equities is bracing for a double-digit increase in costs on its current development pipeline related to the Trump administration’s tariff policies and inflation.
Brick-and-Beam Offices Trade for $48M in Fort Point
Local developers acquired a Fort Point office building that’s attracted tech offices and a popular barbecue restaurant in recent years for nearly $48 million.
Report: Mass. Home to More Millionaires Despite New Surtax
Surtax supporters released data Monday that they said pokes holes in the argument that the state’s new tax on high earners is causing higher-income residents to move out of Massachusetts.
Forrester Research Shrinking HQ in Cambridge
The sole tenant of a West Cambridge office building will downsize its headquarters by 39 percent after renegotiating its lease with landlords Healthpeak Properties and The Bulfinch Companies.
Personnel File – No. 403
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Neighborhood-Specific Placemaking Strategies for Retail in Boston
In three separate developments across Boston, Related Beal is amplifying its properties’ brands with strategic, curated experiential retail offerings.
Placemaking Lays a Foundation for Emerging Markets
Retail landlords and local Main Streets organizations turn to Allison Yee as a matchmaker with emerging retail concepts looking for flexible, low-commitment spaces, from downtowns to suburban lifestyle centers.
Hot Property: Animal Rescue League of Boston
Animal Rescue League of Boston’s animal care and adoption center will expand its ability to provide critical services for wildlife and household pets.
CRE Must Claim Its Seat at the Table Writing MBTA’s 2050 Plans
The MBTA is writing its next long-range plan right now, but investments like new train lines and BRT networks that can unlock development won’t happen without industry input.
North Attleborough Landlord Liable Under ‘Unfair Practices’ Statute
Now and then, a commercial landlord engages in conduct so peculiar, that others can only shake their heads in bewilderment. Such was the case involving several properties in North Attleborough’s “Auto Road” area.
Massachusetts’ Retail Industry Faces a Stress Test
Dark storefronts on Main Street. “Retail space for lease” signs: Sales are failing to keep up with ever increasing costs, and that’s putting more small businesses at risk.
Tenant Turnover Spotlights Simon’s Retail Reinvention
The biggest mall owner in Massachusetts wants to bring back “hanging out at the local mall,” with a head-on assault to online shopping that’s reshaping the physical layout of its suburban properties in Massachusetts.
Mass. Should Say: ‘Yes in God’s Backyard’
Significant drops in religious affiliation have left many shrinking congregations struggling to maintain large buildings and surplus land. A new bill makes it easier to help them with affordable housing.
Fidelity Invests in Seaport’s Retail Reinvention
The vibrant restaurant and retail scene in Boston’s Seaport District is about to get a further boost from one of its oldest corporate anchors, Fidelity Investments.
Industrial Tenants Focus on Cost Reduction
Rising industrial availabilities throughout Greater Boston reflect slowing economic conditions as tenants’ sublease listings hit the highest level since 2011.
Seyon Group Acquires Ninth Building in Shawmut Park
The Seyon Group expanded its portfolio within Canton’s Shawmut Park with the acquisition of a 100 percent leased industrial building.
Hines Joins 5M SF Development in Alewife Quad
Houston-based Hines is joining the development team for a 5 million-square-foot master-planned project in Cambridge’s Alewife neighborhood.
Downtown Boston’s 99 High St. Sells for $227M
Synergy Investments is the new owner of 99 High St., a prominent office building seen as a key indicator of where downtown office building values are headed.
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