Commercial Real Estate News
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.
Personnel File – No. 376
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Vacant Lot Near Dorchester Brewery Could Get 46 Apartments
The developer of a 40-unit northern Dorchester apartment building completed in 2021 wants city approval to build a sibling next door.
Future Uncertain for Boston’s Compact Living Experiment
City officials hoped developers would build more units per acre and pass along the savings to residents. It hasn’t turned out that way, and it’s an open question whether the pilot that permitted around 2,000 units in three years will come back.
Will a Rate Cut Unleash Investments?
The Fed seems poised to cut interest rates next month, but has been cagey about its plans after that. Aaron Jodka, the Boston-based director of U.S. capital markets research at Colliers is watching for how investors will react.
Hot Property: Duo Chelsea
A 330-unit apartment complex scheduled to open in November includes a roof deck with Boston skyline views and proximity to the MBTA Silver Line’s Eastern Avenue station in Chelsea.
Big Landlords, Big Rent Increases and Big Mistakes
When will local progressive politicians see – and act – on how their policies are enabling sizable rent increases by stifling housing construction?
Housing Bill’s Momentum Fund Has Potential for Outsized Impact
Designed to provide flexible financing to invest directly in market-driven, mixed-income housing projects that are currently stalled, this innovative fund holds significant promise.
Winthrop Is Latest Front in MBTA Communities Fight
When it comes to fighting back against a new state law aimed at getting communities to welcome more housing, Winthrop could be the next Milton.
Redevelopment Could Close Alewife Garage for Two Years
Redevelopment of the MBTA’s Alewife station and garage could require the complete closure of the 2,733-space parking facility for 28 months, MBTA officials said in presenting options for a public-private partnership to developers this week.
Developer Submits 466-Unit Housing Plan in Beverly
Braintree-based developer John M. Corcoran & Co. is resuming its efforts to develop 466 housing units on a Beverly property after a state Land Court ruled against town officials in an earlier proposal.
Mayor Ready to Dial Each Senator in Property Tax Push
Senators be aware: If you get a call from a 617 phone number in the coming days, it could be Boston Mayor Michelle Wu.
Progressives Say Housing Bill ‘Left So Much on the Table’
As Gov. Maura Healey and lawmakers celebrated what they called “historic” housing legislation getting signed into law Tuesday, some of the advocates credited with influencing the bill say it is “underwhelming.”
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