Commercial Real Estate News
Mass. Momentum Fund Finances First Development
The $50 million state fund created as part of Gov. Maura Healey’s big housing bill last summer will help a 92-unit Milton project get off the ground.
Fidelity Investments Offers HQ for Lease
Fidelity Investments has indicated it will vacate its headquarters near Boston’s South Station in entirety after it opens its refurbished Commonwealth Pier offices in the Seaport District.
Eversource Signs Lease at Marcus Partners Project
Eversource Gas signed a full-building lease for a new development by Boston-based Marcus Partners at Taunton’s Myles Standish Park.
Chelsea Shoreline Could Become Housing, Resilient Park
Mass Audubon hopes to acquire an 18-acre Chelsea property previously eyed for large-scale development, with plans for mixed-income housing and a waterfront park that demonstrates the latest thinking in coastal resiliency.
677-Bed Tufts Dorm Set to Break Ground
Construction of the largest dormitory in Tufts University history is set to begin within weeks, following Medford officials approval of the school’s plans in a partnership with a private developer.
Tech Company Expands to 256K SF in Downtown Boston
In the largest office lease of the year in downtown Boston, a tech company that went public last fall is expanding its offices to 256,000 square feet.
More than Meets the Eye at MGH Building Project
Time is of the essence for construction workers building MGH’s Phillip and Susan Ragon Building, a new inpatient tower designed to provide more single-occupancy rooms and clinical services.
Mass. Businesses Grow Pessimistic Due to Tariffs
Even before the Trump administration latest tariffs, announced last week, sent the stock market into a tailspin, Massachusetts businesses were turning pessimistic about the state economy in March.
Overlook Apartments in Brighton Refinanced for $212M
A former Brighton monastery property redeveloped as 555 apartments received $212 million in refinancing from Affinius Capital.
Former Baker Housing Secretary Kennealy Challenges Healey for Governor
Mike Kennealy, a former private equity manager who spent four years as state housing and economic development secretary under Gov. Charlie Baker, says Massachusetts is “heading in the wrong direction.”
Recipes for Reviving Lowell’s Retail Scene
Under Allison Carter’s leadership, rent subsidies, forgivable small business loans and short-term leases are on order for renewing Lowell’s downtown retail landscape following a spike in vacancies.
Hot Property: New England Business Center
Nine tenants have leased office space at Andover’s New England Business Center since late 2023, bringing occupancy of the office park up to 96 percent.
‘Unfunded Mandate’ Fallout: Is Beacon Hill Losing Its Appetite for Housing Fixes?
Maybe not so surprisingly, growing displays of open defiance by a handful of towns opposed to the MBTA Communities law are making lawmakers at the State House a bit nervous.
The Need for Housing Abundance Runs Up Against Business as Usual in Massachusetts
The message of a much-talked-about new book should sound all too familiar to Bay Staters. We’re choking off our own housing abundance with well-intentioned policies that, in the aggregate, have become an obstacle to building.
Community Good Works
Shrewsbury’s Central One Credit Union announced a $5,000 donation to erase student lunch debt owed to the Shrewsbury Public Schools by families in need. See who else gave back.
Third Try for Hotel Alexandra After Pandemic Pause
Developers are reviving hotel plans for the Hotel Alexandra building in Boston with a redesign eliminating a high-rise addition to the historic structure.
Report Warns States ‘Outcompeting’ Mass. for Entrepreneurs
Incubators and accelerators designed to aid entrepreneurs have helped create tens of thousands of jobs in Massachusetts and fueled billions of dollars of investment, according to a new industry report that urged lawmakers to invest in additional supports.
Trump’s ‘Liberation Day’ Unlikely to Free Biz from Tariff Uncertainty, Experts Say
Questions will still swirl around trade and tariffs for months to come, economists say. And more tariffs are in the pipeline and could target specific industries like lumber.
Jamaica Plain Affordable Housing Project Receives Financing
A 6-story, 96-unit affordable housing development in Jamaica Plain could be headed for a groundbreaking soon after landing financing.
Empty Boston Office Towers Have Few Options. Could Housing Be One?
A new study coordinated by a major Boston law firm says the One Lincoln office tower points to a path forward for dozens of buildings facing financial distress.
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