CRE Lending Pullback on Horizon?
Anxiety about an economic downturn is everywhere this fall. And if one hits, expect both traditional financial institutions and private lenders to take a step back from commercial real estate.
Supply Glut Hits High-End Logistics Market
Speculative construction of new industrial facilities has ground to a halt in Greater Boston, as lower tenant demand and overbuilding have created a glut of high-end space.
Boston Apartment Rent Hikes Plateau After New Deliveries
Greater Boston renters are getting some relief from apartment rent hikes following completion of a series of new developments, with vacancies in Allston-Brighton hitting double digits.
New Owner of Wellesley Block to Keep ‘Beloved’ Tenants
The Taylor Block portfolio, a cluster of mixed use buildings that occupies over an acre in Wellesley Square, was acquired by Quincy-based Jumbo Capital.
Somerville Developer Buys Lexington Theater Property
A Somerville developer acquired a Lexington Centre property that includes the Lexington Venue, offices and housing.
WATCH: Subscriber Spotlight – Jeff Myers
Every Friday, we’ll be highlighting an individual Banker & Tradesman subscriber in a short video interview.
Searching for Solutions to Boston’s Lab Glut
Developers have seen the bottom fall out of the Boston lab real estate market. But construction costs over $1,000 per square foot put most non-biotech tenants out of reach.
JLL Names New Leaders for New England Multifamily Team
JLL named a pair of new co-leaders of its New England market’s multifamily sales team after hiring two former Cushman & Wakefield executives.
Don’t Bet on Filling Those Lab Buildings Any Time Soon
The Bay State’s life sciences sector now faces the prospect of a potential retrenchment amid slashing cuts to research funding and drops in venture capital funding.
Beverley Office Building Sells for $6M, Repositioning Eyed
The Connolly Brothers construction management firm has bought an office building in its home city of Beverley, with potential plans for change.
Boston’s Lab Market Faced Glut of Space. Now It’s Got a Shrinking Tenant Pool, Too
An annual state-of-the-industry report by Massachusetts’ main biotech trade group is full of unwelcome news to developers, investors and lenders exposed to the state’s life science real estate market.
Hanover Crossing Apartments Sold for $156M
A 300-unit apartment complex developed as part of the mixed-use transformation of the Hanover Mall traded for nearly $156 million.
Immigration Policy Behind Warning Signs in Boston Apartment Market
Boston landlords are monitoring a leasing downturn tied to the Trump administration’s restrictions on international students.
Lender Buys Fort Point Lab Conversion for $57M
Starwood Property Trust acquired a Fort Point office building that was converted into lab space by the previous owners for $57.2 million.
Personnel File – No. 407
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Greater Boston Apartment Rents Set New High
Apartment rents shattered another barrier in Greater Boston, reflecting the steep downturn in construction of new developments since 2022.
Low-Risk Multifamily Market Attracts Increased Bank Investment
Multifamily has become the almost last asset class standing when it comes to ground-up commercial development in Massachusetts, and banks are increasing their involvement in the sector accordingly.
Here Comes Trump to Further Wreck Boston’s Lab Real Estate Market
The battered life sciences sector is already sitting on enough empty lab space to fill 16 Prudential towers. Now, the Trump administration’s plans to cut billions in research grants will make the sector even worse.
It’s a Messy Market for Mass. CRE Lenders
Delinquent loans are ticking down, but the volume of charged-off loans is rising and economic uncertainty has made some banks and borrowers hit “pause.” Welcome to the 2025 commercial real estate lending market.
Boston-Area Lab Vacancies Hit 25 Percent as Industry Retrenches
The lab space vacancy rate hit 25 percent across the region during the first quarter, as companies continued to downsize and list new sublease space.
