Industry News
Cambridge Developer Challenges Affordable Housing Ordinance
A developer seeking to replace a Walgreens pharmacy near Porter Square with a 71-unit residential building is challenging Cambridge’s requirement for affordable housing units in multifamily projects.
Copper Mill Drops Davis Square Tower Plan
Boston-based developer Copper Mill won’t pursue a 500-unit apartment tower in Davis Square, citing a “constant lack of direction from city leadership” over the past three years.
KeyBank Names New England Business Market Lead
KeyBank has named a new New England business banking market leader.
Needham Office Campus Gets $73M Mortgage from Barings
A Needham office campus that sold last year for $132 million received $72.6 million in financing from Barings.
Some Waterfront Properties Can’t Wait for Bailout
Waterfront property owners in Boston have dodged potentially devastating flooding in coastal storms over the past decade. The government’s fix won’t arrive for years.
AI Agent Shoppers Challenge Lenders’ Fraud-Fighting Tools, Experts Say
Existing fraud-fighting tools are built to look for robot-like activity. But that means they try to stop legitimate AI agents from doing someone’s shopping for them.
We’ll Never Have Enough Affordable Housing Until Government Starts Paying for It
Everyone needs housing they can afford. But why do politicians insist developers pay for it, ignoring the basic economics of construction?
Why Beacon Hill’s Housing Moves Pass Boston By
Boston’s zoning independence sets it apart as lawmakers upzone the rest of the state. That means some of the state’s most impactful reforms haven’t occurred there, yet.
Too Many Subpar Agents, Real Estate Brokers Say
Worried the real estate agent you hired to sell your house isn’t up to the job? If so, you’re not alone: Brokerages are worried, too.
Can Boston Harbor Heat and Cool the Building Sector?
Landlords have been particularly anxious about Boston Mayor Michelle Wu’s aggressive push to rein in buildings’ carbon emissions. The harbor could be their savior.
Cutting Through Red Tape on Green Buildings
When developers want straight talk about how to comply with an increasingly bewildering thicket of green building regulations, many turn to Chris Schaffner.
Civil Engineering Standards Help Mitigate Flood Risks
Although flood insurance manages the risk of loss to flood-prone properties, it does little by itself to prevent flood damage. That’s where design and construction standards come in.
Hot Property: Museum of Science’s New Events Space
Construction is wrapping up for the new William and Charlotte Bloomberg Public Science Common at The Museum of Science in Boston.
Developers Should See New Energy Regulations as Opportunity
The most forward-looking real estate leaders see an opportunity to deliver projects that strengthen the bottom line through lower operating costs and enhanced resiliency.
Boston’s Decision Window is Open for Protecting the Waterfront
Boston is on the front line of coastal flooding, facing increasing impacts from sea level rise, storm surge, Nor’easters and frequent nuisance flooding.
Massachusetts Is Falling Behind in Regulating Coastal Risks
The seas are rising. Storms are getting more intense. Flood zones are shifting. We have the tools to see the road ahead, at least partially. The challenge is changing course.
Flynn Responds to Dispute Over Sale of Cape Cod Inn
Copper Mill developer Andrew Flynn was sued for alleged breach of contract over the Chatham property’s mortgage and sale.
MassHousing Releases Fraud Investigation Results
Former MassHousing executive Tony Richards II did not appear to influence the grant awards to two developers accused of defrauding the agency, the in-house inquiry found.
BofA Boston Executive Named Chair of Greater Boston Chamber of Commerce
Bank of America’s Massachusetts President Miceal Chamberlain has been named the new chair of the board of directors for the Greater Boston Chamber of Commerce.
North Shore Hotel Sold for Apartment Conversion
With approvals in hand for a conversion to 88 apartments, a Boston-based developer acquired a Danvers hotel for $13.5 million.
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