Somerville Mayor Supports Tougher Vacancy Penalties
Somerville Mayor Katjana Ballantyne supports tougher penalties for owners of vacant storefronts and properties, following a study that determined the current ordinance is ineffective.
Davis Square Lab Developer in Housing Discussions
A block of commercial buildings in Somerville approved for a life science development in 2023 is now being eyed for a multifamily housing project by developer Asana Partners.
Asana Partners Pitches Lab Project in Davis Square
Asana Partners is seeking to renovate and expand a block of commercial properties in Somerville’s Davis Square with life science space above updated storefronts.
Real Estate Brokerage Consolidates Offices with Newbury Street Lease
Boston-based real estate brokerage Concept Properties is consolidating its office space from two locations to one with a lease at one of Asana Partners’ Back Bay properties.
Harvard Square Developer Adds Allston Property
After making a series of big-ticket acquisitions in Back Bay, Cambridge and Somerville, North Carolina developer Asana Partners has acquired a multitenant retail property in Allston for $11.9 million.
Somerville’s Secret is Out
You can get a tattoo, a vaping rig, a comic book action figure and a $3 slice of pizza all in a short stroll through Somerville’s Davis Square, a neighborhood that’s balanced gentrification with a defiant indie sensibility. Now big institutional real estate investors are discovering the square, eyeing opportunities to build dorm-style housing and shake up stagnant retail tenant rosters.
Retail Developer Expands Davis Square Portfolio With $40M Acquisition
A North Carolina retail developer has expanded its Somerville holdings with the nearly $40 million purchase of a group of commercial properties in Davis Square.
Jamestown Sells Back Bay Portfolio For $298M
A major commercial landlord in Harvard and Davis squares has landed another top-shelf local portfolio.
Hot Property: Elm St.
A 100 percent leased retail and office building in the heart of Somerville’s Davis Square has been sold for $39 million to Asana Partners of Charlotte, North Carolina.
Harvard Square Office, Retail Buildings Sell For $108M
An office and retail portfolio in the heart of Harvard Square has been acquired for $108 million.
