Commercial Real Estate News
School-to-Housing Conversion Set to Begin in Templeton
Groundbreaking is scheduled next month for Templeton’s first multifamily project in over 25 years following the completion of a financing package by a pair of Boston-area developers.
BioMed Plans More Lab Space in Cambridge
Cambridge still has the region’s lowest lab vacancies despite the life science industry slump, prompting a leading developer to pursue a project adding nearly 113,000 square feet to the local inventory.
Accountants Renew Tax Reform Calls as Clients Leave Mass.
Massachusetts accountants representing wealthy residents renewed their calls Wednesday for a bevy of tax reforms, including overhauling the “sting tax” on companies, to prevent the ongoing outmigration of Bay Staters and businesses.
Quincy Private Construction Lender Expands Partnership with Florida Bank
First Boston Capital Partners says it has expanded its revolving line of credit with BankUnited, based in the Miami area, as it aims to grow its private lending business.
631-Bed Brandeis Dorm Sets June Groundbreaking
Brandeis University’s newest dorm project is the first phase of a campus-wide plan to upgrade student housing through new construction, renovations and demolition of older dormitories.
Economic Secretary Hao Leaving Healey’s Cabinet
Economic Development Secretary Yvonne Hao is stepping down from her port at the end of the month, with Undersecretary of Economic Foundations Ashley Stolba in line to take over the secretary’s duties on an interim basis, the Healey administration said Tuesday.
Boston-Area Lab Vacancies Hit 25 Percent as Industry Retrenches
The lab space vacancy rate hit 25 percent across the region during the first quarter, as companies continued to downsize and list new sublease space.
State Delays Enforcement of Electric Truck Requirements
The move will likely be a relief to contractors, who say there aren’t enough clean trucks or charging stations available, but it’s being met with anger by environmental advocates.
Personnel File – No. 402
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
New Roslindale Zoning Expands Multifamily Possibilities
Roslindale Square is being primed to add mid-rise development under a rezoning plan intended to spur multifamily housing construction.
Andover R&D Property Trades for $26.4M
An Andover property leased to a medical technology company was acquired by a Luxembourg-based real estate investor for $26.4 million.
Will Our Housing Market Find the ‘Missing Middle’ Before It’s Too Late?
Encouraging and supporting development in this area of the market may be the key that unlocks the inventory problem that plagues Massachusetts.
Another Wake-Up Call for Boston’s Office Market
Greater Boston’s office market was showing signs of momentum before a financial services standard bearer provided a stark reminder about the new normal in workspace demand.
Hot Property: Cloverleaf
Following seven years of permitting and a legal battle, developers have broken ground on a mixed-income development on town-owned land in Truro.
Boston’s Mayor Finally Starts to Admit There’s a Money Problem
But a line in the city budget acknowledging the impact of office and lab property values on Boston’s finances arguably downplays its severity as the mayor keeps focus on Trump, instead.
Former Cape Home Builders Association Exec Charged With Fraud
Federal prosecutors indicted state Rep. Christopher Flanagan, of Dennis, for allegedly stealing tens of thousands of dollars from the Cape Cod homebuilders trade group on Friday.
Gillette Redevelopment Could Include 20 Buildings
Redevelopment of the 31-acre Gillette campus in South Boston could include up to 20 buildings and 5.7 million square feet of development.
Great Scott’s New Location, Apartments OK’d in Allston
The Great Scott nightclub will be reincarnated at the base of a 139-apartment building in Allston that received approval Thursday by the Boston Planning & Development Agency.
Mariano: Housing Law Critics Have a Point, but Should Comply
The top House Democrat said Thursday he believes the town of Milton had a “legitimate complaint” about a controversial mandatory zoning-reform law, but added that he is not considering any legislative action to let the community off the hook.
InterContinental Owners Sue Developer Over Lab Conversion
Condominium owners at Boston’s Intercontinental Hotel asked a judge to intervene in a property dispute over an office-to-lab conversion project they claim is generating around-the-clock disturbances.
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