Permits Paint Picture of Slowing, but Strong Lab Sector
New lab buildings are shouldering most of the load keeping Boston’s tax base growing, and city data shows the construction boom is still rolling. But not everything is OK.
130-Acre Braintree Site Marketed for Biomanufacturing Tenants
A 130-acre site near the Braintree-Weymouth line would become a new biomanufacturing hub under plans by a Hingham developer.
Boston Ranked Second-Top Destination for Foreign Real Estate Investment
Deep-pocketed international investors rank Boston as tied for the second-most desirable U.S. region in 2022, according to a survey by the Association of Foreign Investors in Real Estate (AFIRE).
Pandemic Looms Over Shifting Employment Landscape
Nearly two years since the first case of COVID-19 was officially detected in Massachusetts, the biggest question hanging over the state’s economy remains the continued uncertainty of the global pandemic, an economics and policy researcher said Wednesday.
Colliers Adds JLL Exec to Capital Markets Team
Former JLL executive Matthew Sherry is joining Colliers Boston’s capital markets team as a managing director.
Making the Move from Neighborhood Development to Downtown Brokerage
Jeanne Pinado, the former CEO of Madison Park Development Corp., joined Colliers International’s Boston office in January, becoming one of the first Black women in a top role in local commercial brokerage.
Behind BioMed’s Buying Spree
Investors in life science developer BioMed Realty’s parent, a Blackstone Real Estate fund, were in no hurry to cash out and take their profits in 2020 as the pandemic was making the biopharma sector more attractive than ever. So the private equity giant gave them a new, multi-billion-dollar option.
Greater Boston’s Life Science Boom Threatens Housing Production
Boston and a handful of inner suburbs have played an outsized role in Massachusetts’ recent multifamily housing production. What happens if multifamily developers can’t bid enough to acquire urban development sites in the first place?
Alexandra Hotel Property Sold for $11M Ahead of Redevelopment
The former Alexandra Hotel property has been acquired by developers planning a 150-room hotel.
Personnel File
Many members of the banking and real estate industries have been on the move in recent weeks. See who’s been hired and promoted!
Charter School Picks Dorchester Site for Expansion in $5M Deal
After evaluating six potential sites, Conservatory Lab Charter School has bought a Dorchester property that will enable it to build a new 45,000-square-foot campus.
CBRE Adds Six More To Capital Markets Team
Six investment sales brokers from Colliers Boston have joined CBRE/New England’s capital markets team.
No Relief from Climbing Rents
High rents, low vacancies and steep barriers to entry are hallmarks of the Greater Boston multifamily housing market, the third-most-expensive U.S. region in which to rent an apartment.
Tax Software Company Extends Lease in Wilmington
A publisher of tax software for businesses has opted to keep its headquarters in Wilmington after negotiating a lease restructuring.
Transit-Oriented Complex Hits Market in Beverly
A 45-unit apartment building near the Beverly MBTA commuter rail station is on the market by its owner of the past five years.
Can 495 Bounce Back?
Savvy commercial real estate investors love a bargain and discounts abound on the Route 495 belt, where sprawling former tech campuses can sell for the price of a luxury condominium in Boston.
