Embracing Sustainability Offers a Solution to Boston’s Office and Housing Crises
There is a clear opportunity to embrace sustainability strategies while reconfiguring Boston’s building stock for a more sustainable future.
Another Option for Vacant Office Buildings
New hotel construction has slowed to a crawl in Boston since COVID but a new source of room supply is emerging in conversions spurred by the city’s struggling office market.
Latest Developer Submits Housing Plan for Downtown Crossing Offices
A vacant office building steps from Boston Common would be converted into 22 apartments under the latest proposal submitted in the city’s new office-to-residential conversion pilot program.
Amid CRE Slowdown, Opportunities in Play
2024 promises to be a year of reckoning for many Boston-area commercial property owners as rising vacancies and expiring mortgages threaten their once-lucrative business plans.
City Realty Buys Leather District Offices for Discount
In another example of the downward reset in Boston office building values, Allston-based City Realty acquired a Leather District property for $11 million, or just over $150 per square foot.
Downtown Offices Trade for 74 Percent Discount
A Downtown Crossing office building traded for a 74-percent discount from its previous price in 2016, as a Boston investor snapped up the 38,000-square-foot building for just under $4.1 million.
