Commercial Real Estate News
Auchincloss Floats 40B Reform to Fix Housing Crunch
The state will have to take “more muscular action” to facilitate construction of hundreds of thousands of new housing units in the next decade to meet demand, according to Newton Congressman Jake Auchincloss.
Rockpoint Buys Malden Apartments for $268M
A hilltop apartment complex in eastern Malden has traded hands, with a Boston-based investor the new owner.
Developer Buys Stalled Readville Apartment Project
A Dedham developer has taken ownership of a stalled development site that’s approved for 279 apartments next to the MBTA’s Readville commuter rail station.
O’Brien Decides Against Mayoral Run
His abrupt reversal comes after his entry into the race was all but assured last week, and leaves the field to Mayor Michelle Wu and other challengers hoping to topple the first-term incumbent.
Personnel File – No. 400
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Suffolk Promotes from Within for New Northeast Manager
Boston-based construction company Suffolk has named Patrick Lucey as its new general manager for its work in the Northeast, the company’s largest division.
Watertown Hits Pause on BERDO Ordinance
Watertown leaders hit pause on new building emissions regulations after objections from the business community and condominium associations about the potential costs and complications.
Alexandria Says Ex-Employee Stole Trade Secrets
A former Massachusetts employee stole company secrets and strategies on lab properties, major life science developer Alexandria Real Estate Equities claims in a lawsuit.
Boston Signals Flexibility on Affordability Obligations
Developers are getting an increasingly sympathetic hearing from Boston officials in an effort to break the logjam of housing projects still sitting on the drawing boards.
Hot Property: Leland House
Senior housing developer and operator 2Life Communities celebrated the completion of Leland House, a 68-apartment community for older adults in Waltham.
New Celtics Owner Has Lots of Reasons to Develop His Own Arena
Revenue-sharing with TD Garden’s owner, the arena’s outdated feel and a record-shattering purchase price could push William Chisholm to build on one of Boston’s many big development sites.
Are Land Trusts the Missing Piece of Affordability Puzzle?
The mission of community land trusts is right in the name: community. But they require new funding sources to expand beyond small-scale projects.
Two Big Ideas Could Make Chapter 40B Even Better
A Healey administration commission has floated two ways to the state’s most successful housing production law to date even more successful and extend its lifespan.
Earth Removal Dispute Can’t Bury Concord Development
Massachusetts courts seldom label local zoning boards’ denials of permits as arbitrary and capricious, but that’s exactly what happened recently in a recent state Land Court decision, Symmes Development & Permitting LLC v. Smith.
Writing a New Chapter in West End Housing
Patrick Kimble learned the finer points of commercial real estate at BXP and The Davis Companies before founding a firm that’s starting to make its mark in the affordable housing sector
Housing Policy Ripe for Reforms
Just two reforms proposed by Gov. Maura Healey’s Unlocking Housing Production Commission could, on their own, generate thousands of new housing units. And the state Legislature wouldn’t have to lift a finger.
Drastic Changes Needed to Balance Emissions Reductions and Housing Production
The costs of meeting the state’s energy policies are showing up as a stealth tax in the form of higher housing ownership costs and higher rents. A lot of that has to do with town and city policy.
Legalizing Two- and Four-Family Homes: A Powerful Housing Fix
One of the most transformative yet under-discussed solutions to our housing problems would empower smaller developers to create housing at scale, and at a size most communities would welcome.
O’Brien Reportedly Set to Enter Mayor’s Race
Real estate developer Tom O’Brien reportedly will announce his candidacy for mayor of Boston next week, joining Josh Kraft in the bid to unseat incumbent Michelle Wu.
Community Good Works
Rollstone Bank & Trust made a $10,000 donation to North Star Family Services to support its work helping homeless families in northern Worcester County. See who else gave back.
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