Woburn Plaza Sold to Boston Developer for $11.2M
The Woburn Plaza at 299 Mashawum Road totals nearly 32,000 square feet and includes tenants West Marine, Eastern Bank and Mattress Firm.
ZoomInfo Restructures Lease, Relocates in Waltham
ZoomInfo will relocate its Greater Boston offices to another property within Hobbs Brook Real Estate’s suburban portfolio after restructuring its office lease.
Mass. CRE Lending Jumped in Q3, But Banks’ Share Dwindled
According to a new report from CBRE and data from The Warren Group, the commercial real estate market continues to show signs of improvement.
Bell Partners Adds Shrewsbury Complex in $96M Buy
Bell Partners tapped into its $1.3 billion value-add fund to acquire a Shrewsbury apartment complex for $96 million.
IQHQ Strayed from the Herd. Will It Pay Off?
IQHQ burst onto the Boston real estate scene in 2021 with a series of big-ticket plans for new lab developments in unproven locations. But those contrarian bets ran headlong into a big life science slowdown.
Apartments Trade for $78M in Fenway and Longwood
A 284-unit portfolio including eight apartment buildings in Boston’s Fenway and Longwood Medical Area traded for a combined $78.4 million to two separate buyers.
Movie Studio Project Derailed in Braintree
A Braintree property that was pitched for a major film studio development has been listed for sale by the current owner, who also donated a 39-acre portion of the site to a South Shore wildlife hospital for a nature preserve.
Will Lab Slump Translate into Housing Gains?
A vision to turn West Cambridge into a second Kendall Square is coming apart amid record lab vacancies across the region, as the fundamentals of development look set to shift back in favor of multifamily housing.
Developer Rebrands Waltham Apartments After $221M Sale
A San Francisco developer acquired a 696-unit suburban apartment complex for $221 million and renamed the 34-acre property as ReNew Waltham.
Boston Trails Competitors in AI Real Estate Growth Prospects
Greater Boston lags many large U.S. metros in capturing new tech industry growth, according to a new brokerage analysis.
American Realty Advisors Sells Eastie Property for $85M
An East Boston waterfront development completed in 2018 traded for $85.3 million in an acquisition by Goldman Sachs Alternatives.
Boston Suburbs Drawing More Office Tenants as Downtown Wanes
Declining rents and shorter employee commutes are prompting eastern Massachusetts companies to favor suburban office deals, according to local brokerage research.
Boston-Area Lab Leasing Hits Post-Pandemic Low
Lab leasing in Greater Boston declined to the lowest level since the pandemic as life science companies shied away from real estate commitments in a frugal funding climate.
Fidelity Fund Buys Lowe’s-Anchored Property in Weymouth
A Fidelity Investments fund paid $23 million to acquire a 250,000-square-foot Weymouth retail property anchored by Lowe’s Home Improvement Warehouse.
Vertex HQ Renewal Deals Blow to Lab Projects
Vertex Pharmaceuticals’ headquarters move to the Fan Pier in 2014 put Boston’s Seaport District on the map as a life science industry destination. Vertex’ reported decision to remain at the Fan Pier beyond 2028 deals a blow to a growing list of major lab projects still seeking tenants in the neighborhood.
Fed Rate Policy Dims CRE Outlook
High cost of debt and the Federal Reserve’s diminished rate-cutting plans are weighing on property valuations and continue to discourage transactions in many asset categories, commercial real estate executives said at an industry forum.
Interest Rates Depress Hotel Capital Markets Activity
With construction debt rates well north of 10 percent, you need aggressive assumptions for development underwriting to yield an attractive return.
Healey’s Climate Push Could Jumpstart Suburban Properties
While office tenants downsize, developers and brokers see a growing source of tenant demand for flex properties including a mix of office, research and light manufacturing space.
With Banks Pulling Back, Who’s Financing Office Deals?
Behind the scenes of Boston’s troubled office market, landlords and lenders are seeking ways to restructure their existing debt, keep control of properties and avoid foreclosure.
Lab Vacancy Rate Nears 14 Percent
As more life science conversions and new developments were completed without tenants, Greater Boston’s lab vacancy rate rose to 13.7 percent in the first quarter.
