BXP Outlines $1.9B Disposition Strategy
BXP executives outlined plans to sell 23 properties and concentrate investments in “premier workplace assets” in coastal urban markets.
BXP Plans 480 Homes in New Weston MBTA District
After rejecting an initial plan in 2024, Weston voters approved a rezoning plan to create four new multifamily housing districts under the MBTA Communities law.
Hub on Causeway Lines Up $490M Refinancing
BXP and Delaware North Cos. are on the verge of landing $490 million in refinancing for The Hub on Causeway’s office and retail space in Boston’s West End.
BXP Submits Redesign of Kendall Square Development
BXP unveiled proposed changes to the next phase of its MXD District in Cambridge’s Kendall Square, including an option for two smaller commercial buildings that reflect “evolving market conditions.”
Hot Property: Redgate’s New Headquarters
Redgate’s new headquarters in Boston’s Financial District draws inspiration from the development and advisory firm’s residential projects, including a “living room” for casual coworking and gatherings.
312 Apartments Coming to Lexington Office Park
A 312-unit apartment complex is under construction in a Lexington office park where town officials have sought to reinvigorate development activity including multifamily housing.
Hot Property: Welch’s New Headquarters
Designed by architects SGA, the 60,000 square-foot facility includes lab and collaboration spaces on a high-visibility site.
Veolia Opens New Financial District HQ
Veolia North America’s 150-employee regional workforce is settling into new offices in downtown Boston, relocating within the Financial District to 100 Federal St.
Commercial-to-Housing Redevelopments Gain Momentum in Lexington
Lexington officials are set to review developers’ proposals this week for projects that would generate a combined 201 new housing units in office parks and commercial districts.
Software Company Moving HQ to Boston’s Atlantic Wharf
A Waltham software company is swapping out a suburban office headquarters owned by BXP for a downtown Boston address.
Court Rules Biogen Not to Blame for Subtenants’ Woes
A Suffolk Superior Court judge dismissed a biomanufacturing company’s lawsuit that claimed disruption caused by a Kendall Square development caused it to lose virtually all of its long-term contracts.
Pru Tower Gets 413K SF Ropes & Gray Lease Renewal
Law firm Ropes & Gray extended its office lease for one-third of the Prudential Center tower in Boston’s Back Bay through 2041, landlord BXP announced.
Construction Costs Put BXP’s Back Bay Tower on Hold Indefinitely
Greater Boston construction costs are now so high, not even a brand-new, state-of-the-art office tower can pencil out, Boston Properties executives said in a quarterly earnings call this week.
Citing BXP Data, Wu Says Boston Office Utilization Beats National Trends
The number of workers returning to Boston offices in person increased 10 percentage points this year, nearly double the national average, Mayor Michelle Wu announced at a business breakfast Wednesday morning.
BXP’s Suburban Housing Push Includes Lexington Property
BXP is plans to pursue suburban multifamily projects in Greater Boston despite the high cost of construction, citing the relative feasibility of wood-frame techniques.
An Office Titan Faces a Philosophical Question
Boston Properties, our hometown real estate giant, recently found itself confronted with a question that would have been unthinkable before the watershed year of 2020.
BXP Switches to Offense in 2024
Boston Properties CEO Owen Thomas said the office REIT sees “significant opportunities” for acquisitions and development in 2024 as the office sector falls out of favor among institutional investors and values drop.
BXP Proposes 1M SF Suburban Development
Boston Properties is moving ahead with the full buildout of the 94-acre former Polaroid campus in Waltham, a 1-million-square-foot office-lab project that would be accompanied with an extensive series of roadway changes at Route 128.
BXP Picks Up Kendall Mid-Rise for $602M
One of Kendall Square’s dominant players just added a new property to its portfolio as troubled life-science firm Biogen exits a major lease nearby.
Three Biotechs Ink Leases at Waltham Office-Lab Conversion
Three life science companies have signed leases totaling 166,000 square feet at a Waltham office-to-lab conversion project currently under construction.
