Read the Banker & Tradesman Daily
Our free email newsletter is delivered to your inbox at midday, Monday through Friday, with a rundown on the biggest Massachusetts real estate and banking stories you need to know about.
Read past issues of The B&T Daily below, or sign up and become the best-informed leader in the local business scene.
Want to reach our readers?
Advertising inquiries welcome at advertising@thewarrengroup.com.
Submit press releases to editorial@thewarrengroup.com.
The Banker & Tradesman Daily offers a comprehensive summary of what you need to know about the Massachusetts real estate scene every day.
But it doesn’t get you access to our journalism or real estate records – for that, you need to upgrade to a paid Banker & Tradesman subscription.
Our subscription packages are designed to cater to the needs of professionals in the financial, real estate and banking industries, providing them with invaluable resources for success.
Harvard’s Allston Development Lands First Tenant
The first life science tenant at Harvard University’s new Allston development is a research center that could eventually become home to 500 employees.
Swiss drugmaker Roche and its Genentech subsidiary leased 30,000 square feet in the Enterprise Research Campus development on Harvard-owned parcels along Western Avenue.
Construction is scheduled for completion in 2026.
The Roche Genentech Innovation Center will concentrate on drug discovery in cardiovascular, rental and metabolic health, the companies announced Friday.
Harvard’s private development partner, New York-based Tishman Speyer, broke ground in 2023 on the first phase of the Enterprise Research Campus, located across from Harvard Business School. The office-lab component currently under construction totals 440,000 square feet.
“This new investment highlights Roche’s dedication to advancing healthcare through academic and scientific collaboration and will serve to strengthen an existing relationship between Harvard and Roche that has been in place for well over a decade,” the Swiss drugmaker said in an announcement.
Allston-Brighton’s existing 1 million-square-foot lab market currently has 694,611 square feet of available space, according to a report last week by brokerage Colliers. Along with the Harvard project, major development activity includes King Street Properties’ 576,000-square-foot Allston Labworks project on Western Avenue and the 350,000-square-foot Forum lab building at Boston Landing.
Groundbreaking of the Enterprise Research Campus’s first phase was delayed by a lengthy permitting battle centering on the amount of affordable housing in the project.
Boston Mayor Michelle Wu brokered a compromise between developers and neighborhood activists who called for Harvard to take a more active role combating displacement. The university agreed to include 25-percent affordable apartments and establish a $25-million housing fund for Allston-Brighton.
The first phase includes a 345-unit apartment building, the 61,500-square-foot David Rubenstein Treehouse conference center and a 250-room hotel.
Read Archived Emails
(Subscribers only)
Braintree Retail Plaza Trades for $30M
A Braintree retail property anchored by a future Amazon Fresh store was acquired for nearly $30 million by a Needham developer.
Healey Sets Goal of 222K New Housing Units
The MBTA Communities law is just the starting point. That’s the message in the Healey administration’s comprehensive housing plan, which concludes Massachusetts communities need to further expand multifamily zoning to achieve a state of “housing abundance.”
Lawsuit Challenges Hyde Park Housing Development
A lawsuit challenges a 54-unit housing development in Hyde Park, claiming that the Boston Planning & Development Agency improperly approved the project and violated a neighborhood resident’s free speech rights.
The B&T Daily: Jan 7, 2025
Copper Mill Development has burst onto the scene with plans for around 2,000 units at notable properties from Brockton to Somerville.
The B&T Daily: Tuesday, Dec. 17
Commercial property owners in Greater Boston’s biggest suburb now face emissions-reduction rules, just like their counterparts in the urban core.