Commercial Real Estate News
Downtown Marlborough Development Gets $41M Financing Package
Procopio Cos. moved forward with its second multifamily development in Marlborough this year after acquiring a parcel near downtown and receiving $41.4 million in financing.
CDC Partners with Allston Church on Apartment Project
An Allston congregation is partnering with a neighborhood nonprofit to build affordable senior housing and new church program space.
CRE Professionals Can’t Put Off Succession Planning
Two things in life – death and taxes – are certain, and if we do not plan for them, we are setting ourselves, our businesses and our loved ones up for failure.
Setting an Agenda for Unfinished Business
As Boston’s economy adapts to the post-pandemic working and living environment, Jim Rooney has been an outspoken critic of threats to the region’s economic competitiveness, from problems with the T to office vacancies.
Hot Property: 440 Granite Ave.
Boston-based Finegold Alexander Architects designed a 62,126-square-foot mixed-use development in East Milton Square set to transform a pair of commercial parcels.
The MWRA Doesn’t Have to Expand to Be a Key Tool for Housing Production
Tying land use regulations to local sewer and water infrastructure can be narrowly targeted, and won’t require spending up to $3 billion and won’t take 30 years to be implemented.
Will Money Pool Move the Housing Needle?
Developers and brokers say a new, albeit small, pool of state funding called the “Momentum Fund” will break through a logjam that’s severely reduced groundbreakings of major multifamily projects.
Northland Drops Offices from Newton Project, Will Seek New Permits
Northland Investment Corp. is seeking to replace 193,000 square feet of office space in a historic Newton mill with brick-and-beam residences in a significant, proposed change to its Upper Falls development.
MFA Wary of Tower Construction on Wentworth Campus
Last-minute objections from the Museum of Fine Arts delayed approval of a 460,000-square-foot life science project on Wentworth Institute of Technology’s campus.
Community Good Works
Workers at Boston-based Shawmut Design and Construction raised $65,000 for cancer research as a team riding in the Pan-Mass Challenge long-distance charity bicycle ride. See who else gave back!
Harris to Call for 3M New Homes in Next Four Years
Vice President Kamala Harris is zeroing in on high food and housing prices as her campaign previews an economic policy speech Friday in North Carolina.
Lupoli’s Big Littleton Development Wins 72K SF Tech Lease
Developer Lupoli Companies’ 2.3 million-square-foot, mixed-use reimagining of an old IBM campus on Interstate 495 now has a major tenant.
Commission Rejects Boston Fossil Fuel-Free Zoning Code
In a surprise vote Wednesday night, Boston’s Zoning Commission rejected the Wu administration’s attempt to limit carbon emissions in new developments.
City Could Subsidize New Development on Charlestown Pier
Boston officials are offering a public subsidy as they prepare to seek a new round of private development proposals for Charlestown’s derelict Pier 5.
$35B Office Conversion Loan Program Streamlined
A pair of much-maligned below-market loan program for office-to-residential conversions are getting a revamp as part of a $100 million package of incentives to help communities remove barriers to housing production.
Vacant Malden Offices Trade for $7.8M
A vacant Malden office building that once housed state Department of Elementary and Secondary Education offices traded for $7.8 million after a marketing campaign emphasized its potential for alternative uses.
AG Issues ‘Friendly’ Warning on MBTA Rezoning
Winthrop isn’t alone in edging towards joining Milton and Holdon. Medway recently sent a letter to several state government officials opposing the content of the law itself.
Broker Sees Chance of Rent Declines in Boston
As the prevalent September lease rollover date approaches, Boston renters could see some relief for the first time since the pandemic.
Brookline Brownstone Sold for Residential Conversion
A longtime Brookline office building marketed for a potential residential conversion was acquired by a local developer for $6.2 million.
Guv Likes Everett Stadium Idea, But Timeline Still Unknown
Gov. Maura Healey suggested Friday that lawmakers could return next month to tackle major unfinished business, though a spokesperson walked back that timeline on Monday.
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