St. Regis Penthouse Listed for $49M
A 10,000 square-foot penthouse topping the St. Regis Residences, Boston condominium tower is testing the demand for uber-luxury living with an asking price of $49 million.
Boston Faces a Bigger Office – and Budget – Crisis Than You Think
Gone unnoticed amid all the heated debate are signs that the underlying problem – the decline in office building values – may be even more serious than first thought.
The Worst of Boston’s Tax Problems May Be Yet to Come
The good news is that Boston’s 2025 tax revenue crisis may not be as bad as some have feared. The bad news is office values may have further to fall.
New Boston Property Tax Outlook Shows Smaller Resi Jump
Updated assessment data from Boston City Hall shows a smaller projected increase in residential property taxes in 2025, but Mayor Michelle Wu is still lobbying for legislation shifting a larger portion of the tax levy onto commercial properties.
Wu Pledges $100M ‘Housing Accelerator’ Fund
The city of Boston is exploring how to create a $100 million fund to invest in permitted housing projects, Mayor Michelle Wu told the city’s business elite Wednesday morning.
Record Number of Homes Worth $1 Million
Nearly 1 in 4 Greater Boston homes are now worth over $1 million by Redfin’s latest estimate.
Downtown Boston’s Crisis Demands Collaboration
Sometimes crisis creates opportunity: a chance for the real estate industry and both city and state political leadership to come together and create a new and better economic engine room for Massachusetts.
Patios Offer Path to Enhanced Profitability
The biggest dining debate in Boston’s North End is over the state of outdoor dining – something that’s having a much more upbeat rollout elsewhere in Massachusetts this season.
Boston Plans Big Renovation of Development Reviews
Boston Mayor Michelle Wu’s administration is trying to cut through the murky process that forces real estate projects to shell out millions in unpredictable community benefits payments.
Boston Mayor Promises ADU Legalization, 3K New Public Housing Units
In her biggest policy speech of the year, Mayor Michelle Wu laid out her pledges for 2024.
Banker & Tradesman’s Editorial Cartoon: Dominoes Falling
With office buildings finally starting to sell in downtown Boston — often at huge discounts to pre-pandemic purchase prices — it’s not long before these falling dominoes hit city coffers.
What Comes Next for Mass and Cass?
Investors and tenants say it’s impossible to separate Newmarket’s future potential from the stigma gained by its proximity to New England’s most notorious intersection. But is the page turning to a new chapter for the area?
Hot Property: La Victoire Condominiums
An adaptive reuse project is transforming an 1891 church in Boston’s Bay Village into 18 residential condominiums.
Healey Faces Decision Over Open Spot in Fossil Fuel Ban Pilot
What do Boston, Somerville, Salem and Northampton have in common? They all want the one available spot in a state pilot program that would let them significantly limit the future use of oil and gas hookups in new buildings.
J.P. Morgan Private Bank Sees Boston as a Growth Area
JPMorgan Private Bank said Boston is one of its expansion areas in the country as it seeks to present a “good growth story” for businesses, which is expected to bring in more clients in need of banking services.
BMC Picked to Build 405 Supportive Housing Units on Shattuck Site
The small cluster of cabins providing supportive housing at the state’s Shattuck Hospital campus could blossom into hundreds of units for families and individuals under a redevelopment proposal from Boston Medical Center.
Wu Seeks Members for New Nightlife Committee
Boston is looking for a few good residents, business and civic leaders who are serious about making the city more fun.
Lt. Gov. Noncommittal on Boston Rent Control Push
Asked for her thoughts on some of the most talked about Beacon Hill happenings in a TV interview that aired Sunday, Lt. Gov. Kim Driscoll had a consistent message: let’s wait and see.
Developers Lean into High-Efficiency Designs
As more Greater Boston communities adopt the state’s new opt-in energy code with its higher sustainability standards, developers are testing the limits of how far commercial buildings can effectively run without fossil fuel sources.
Hot Property: The Ellery
A West Roxbury commercial property will be redeveloped as a 70-unit apartment complex with sustainable features by Boston-based RISE in partnership with DivcoWest.
