W.P. Carey Lands 142K SF Lease in Bedford
A Wakefield robotics company will open a new headquarters in Bedford after leasing over 142,000 square feet from landlord W.P. Carey.
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.
Oliver Street-Bain Partnership Get Financing to Expand Peabody Property
A partnership that owns a Peabody distribution center leased to an e-commerce company refinanced its debt with $52.7 million from MassMutual’s Barings subsidiary.
Live-Shop Combination Transforms Retail Properties
The viability of widescale office-to-residential conversion projects still is up for debate, but signs point to a greater awakening to incorporate multifamily housing into underutilized retail centers across Greater Boston.
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.
Will Boston Multifamily Hit Its Own ‘Wall of Maturities’?
The nation’s multifamily owners are facing a financial crunch as they try to refinance construction and other loans. But Boston is likely to see a lot less distress than Sunbelt cities, experts say.
New Supply Cools Off Boston Rent Increases
Apartment vacancies rose to their highest levels in three years as developers delivered 8,700 units in eastern Massachusetts during the past year.
Two More Years of Declines Seen for Boston Office Market
Persistence of the hybrid work model is expected to translate into continuing declines in office occupancy and rents across the U.S.
With Vacancies Rising, Experts Foresee Pause in New Industrial Projects
The once red-hot warehouse and distribution center market has noticeably cooled over the past year, and some newly built industrial properties are sitting empty for months.
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.
A Win for Affordable Housing in the Fenway
A religious order’s disposition of a 140-unit building was the perfect example of an opportunity to preserve this critical housing in a neighborhood with excellent access to public transit and amenities.
Office Construction Slows, But It’s Still a Tenant’s Market
For the foreseeable future, occupiers will have the advantage. Companies considering relocation or lease renewal can leverage the highest amount of vacant office space ever recorded to their benefit in negotiations.
Office Vital Signs Point to ‘Year of the Tenant’
Construction cranes everywhere. Big tenants’ space backfilled when they move to a new tower. If you didn’t know better, Boston’s office market might seem like it’s humming along in a strong economy.
Biotechs Shun New Lab Developments
In a direct contrast to the office market, where tenants have gravitated to new high-end buildings for lease commitments since 2020, life science developers are finding muted demand for the new crop of lab buildings dotting the local landscape.
WeWork Bankruptcy Hits High-End Buildings in Boston
WeWork’s bankruptcy adds a new stress point to Boston’s Class A office sector already struggling to adapt to elevated vacancies and uncertain future demand.
Revamped Office Parks Welcome Lab Tenants
The lab and life science market in Greater Boston and across the nation might be cooling off, but there are still some tailwinds benefiting suburban office-to-lab conversions that were set in motion in recent years.
Local Apartment Construction Dips 20 Percent
Greater Boston apartment rents are rising at an annual rate of 3 percent, and further increases are likely waiting in the wings, according to a new report on the multifamily market.
King Street Lands Clean Energy HQ for Devens Development
The 101,000-square-foot lease at 39 Jackson Road gives Ascend Elements an opportunity to expand in the future.
New Owner Sought for Matignon Campus in Cambridge
Educational institutions and private developers are expected to be among the bidders on the Matignon High School property in Cambridge.
Apartment Rents Set New High in Q2
Average asking rents for apartments in Greater Boston topped the $3 per square foot mark for the second straight quarter, and are expected to rise even further as employment stays strong and the development pipeline stays modest.
