Study: Renters in Boston, Cambridge Paid Twice National Average in April
Renters in Boston and Cambridge were paying twice the national average in April at over $3,000 per month.
Generational Change at The Fallon Co.
Michael Fallon was appointed president of The Fallon Co., just last month, but the 30-year-old real estate executive is already thinking about the long-term legacy of the Boston-based development company founded by his father Joseph in 1993.
City, Developers Want to Liven Up Downtown Boston
The BPDA has kicked off an intensive planning process to look at the future of downtown Boston, and City Hall’s interest in taking a deep dive on the future of the neighborhood comes as development interest in the area bubbles.
LaSalle Sells 10 Post Office Square for $238.72M
A 14-story office building in the heart of Boston’s financial district has been sold for $238.72 million.
Beer Garden on Boston Greenway Scheduled to Re-Open
The Rose Kennedy Greenway’s open-air beer garden is reopening this week.
Hot Property: Seaport Place
Foley Hoag LLP has signed a 15-year lease renewal at Seaport West in Boston’s Seaport District. The law firm will continue to occupy 165,000 square feet on five floors for its global headquarters.
Bigger Action Plans Needed for a More Resilient Massachusetts
Winter has come and gone, and while we appreciate the good fortune of a mild start to 2019, metropolitan Boston and areas of coastal Massachusetts still need to prepare for the storms to come.
Simmons Files Proposal for 21-Story Dorm Tower
Simmons University filed plans with the Boston Planning & Development Agency Thursday to consolidate the 1,036 dorm rooms, athletics and dining facilities into a 250-foot, 21-story tower on the site of the school’s current science center.
Immigrants, Minorities Dramatically Reshaping Boston Neighborhoods, Suburbs
Boston and its suburbs have become remarkably more diverse, new data show.
Major Atlanta Bank Planning Wealth Office in Boston
Atlanta-based SunTrust Banks, which was acquired earlier this year by North Carolina-based BB&T in one of the biggest bank deals in more than a decade, is planning to open a wealth management office in Boston.
Finding a Path to Vibrant Storefronts in Boston
Boston needs tools similar to Arlington’s vacant storefront fee in our economic development toolbox – not to penalize landlords, but to benefit the small businesses who should have access to vacant space.
Getting in on the Ground Floor
Emily Isenberg’s company straddles the worlds of event planning and retail real estate, working with retail startups and landlords on short-term strategies to fill vacant spaces with events and temporary tenants.
War on Vacancies Heats Up
Retail has been the weak link in Greater Boston’s commercial real estate boom, and one that’s attracting increased scrutiny from municipalities because of vacant storefronts’ tendency to sap vibrancy and spread blight.
Gazit Globe Buys Quincy Market Parcel for $81.8M
Marketplace Center, a retail condominium which forms the eastern side of tourist draw Quincy Market, has been sold to an Israeli real estate investment firm.
52K SF Fort Point Building Sold for $26M
A Palm Beach-based investment firm has bought 5 Channel Center St., a 52,000-square-foot building near Gillette’s Boston factory.
Korean Investor Partners On Seaport Development
A Korean investor is partnering with Cottonwood Group on its $950 million EchelonSeaport development and future projects in the U.S.
West Roxbury Development Promises Road, Drainage Upgrades
A Westwood developer seeks approval for a 72-unit multifamily project in a pair of 4-story buildings off a private way in West Roxbury.
Student Housing Operator Buys Gateway Parcel in Fenway
Private student housing developer Scape has acquired its second property in Boston, this time paying $39 million for a Fenway property where another developer had proposed a 29-story tower that drew objections from the Boston Red Sox and neighborhood groups.
Webster Bank Purchases Residential RE Loan Portfolio in Eastern MA
The parent company of Webster Bank reported a profitable first quarter to start the year and the closing on a purchase of a large residential real estate portfolio in Eastern Massachusetts.
87-Unit Project Proposed for West Roxbury
A developer is proposing a housing development just off of VFW Parkway in West Roxbury.
