Commercial Real Estate News
How Inclusive CRE Ownership Can Empower Boston Communities
It can give long-time Black residents an equity stake in the vibrancy, safety and prosperity of their neighborhoods. A new guide I and my fellow scholars and developers wrote shows how to do it..
Will Fed’s Cuts Help Address Banks’ Office Loans?
The either quarter-point or half-point cut expected this week won’t be enough on their own, but some experts think they hold promise for remedies over the next few quarters.
Hot Property: 200 State St.
Carr Properties recently completed a building renovation program at this office tower overlooking Quincy Market and the Rose Kennedy Greenway, resulting in leases and renewals that brought it to 94 percent occupancy.
A Development Pipeline Grows North of Boston
Morgan Pierson is taking his 20 years of experience in commercial real estate to the north suburban market in his new role at Lupoli Cos. as senior vice president of real estate and development.
Project Labor Agreements Help Raise Housing Costs. Why Are They Prioritized?
A recent BU study revealed an alarming increase in the number of residents fleeing Massachusetts thanks to housing costs. But lawmakers are overlooking a key way to fix that.
The Fed’s Cuts Come Too Late for Housing
The Fed’s long-awaited cut comes too late to save the housing market, which is now mired in what is likely to be a prolonged slump that could take years to climb out of.
Builders of Color Leader Steps Down, Heads to City Post
The executive director who helped shepherd a growing trade group for minority developers and construction industry professionals for nearly four years is leaving her post for a position in Boston City Hall.
Arsenal Yards Developer Wants More Lab Space
Despite the region’s historic lab vacancy rate, Boylston Properties is planning a new 175,000-square-foot life science building next to its Arsenal Yards property in Watertown.
Healey Signs Off on 225 New Boston Liquor Licenses
Gov. Maura Healey signed legislation Wednesday giving Boston 225 more alcohol licenses, the majority of which are expected to boost economic development in 13 targeted ZIP codes.
BPDA Board Approves Southie Apartments, Two Office Conversions
In Chief of Planning Arthur Jemison’s final meeting, the Boston Planning and Development Agency board approved a $110 million apartment complex in South Boston and office-to-residential conversions in the Bulfinch Triangle and South End.
Neponset Wharf Development Bankruptcy Case Dismissed
A federal judge dismissed the bankruptcy case for a $90 million development on the Dorchester waterfront, clearing the way for a foreclosure auction next month.
New Wave of Strikes Hits Four More Boston Hotels
The union representing many of Boston’s hotel workers announced that employees are walking off the job at four new hotels in the city amid an ongoing dispute with ownership about working conditions and pay.
CIM Group Lists South End Offices Eyed for Conversion
The owner of property highlighted by Gov. Maura Healey as model for office-to-residential conversions in Boston has placed the South End property on the market.
Report Flags Mobility, Costs as Threats to Mass. Competitiveness
You can’t manage what you can’t measure, so a new scorecard from the Massachusetts Taxpayers Foundation is putting numbers to the state’s competitiveness problem as Beacon Hill continues to grapple with the issue
In Sign of Lab Market Woes, Drinks Startup Moves to Ex-Sasaki HQ
A probiotic soda company led by the co-founder of Nantucket Nectars is establishing a new headquarters in the former Sasaki architects building in Watertown.
Wu Still Hopeful for Tax Plan
Boston Mayor Wu is holding out hope that she can get Senate President Karen Spilka to come around to her proposal to temporarily increase the tax rate for Boston’s commercial property owners.
‘Lite Brite’ Energy Storage Proposed in Brighton
Anticipated future demand for renewable energy storage prompted a proposal for an industrial property’s redevelopment near the Massachusetts Turnpike in Brighton.
LG: Lawmakers ‘Just Not There Yet’ on Eco Dev Agreement
While Gov. Maura Healey told reporters Tuesday that the Legislature is “getting things done,” Lt. Gov. Kim Driscoll urged a group of municipal officials to put pressure on their lawmakers to wrap up work on the earmark-laden economic development bill that stalled out more than a month ago.
Crosspoint Buys Porter Square Galleria for $20.1M
Newton-based Crosspoint Associates acquired the Porter Square Galleria for $20.1 million for its second retail property purchase in Cambridge.
Former Goulston & Storrs Offices Sold for $30M
A vacant Boston office building that was formerly occupied by law firm Goulston & Storrs was acquired for $30 million, a 40 percent discount from its last sale in 2014.
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