Food Bank Gets $5M Toward New Distribution Center
The Food Bank of Western Massachusetts has received $5 million in state funding to help it build its new distribution center and headquarters in Chicopee.
Tax Breaks for E-Commerce Giants Make No Sense
Amazon should be shelling out the big dollars in order to win approval for its distribution centers, not the other way around.
Industrial Developers Widen Horizons for Prime Sites
As Jeff Bezos prepares to blast off next week, real estate developers are exploring new frontiers for e-commerce sites in Massachusetts.
Warehouse Planned for Dying Worcester Mall
Worcester’s Greendale Mall won’t wind up as Central Massachusetts’ latest mixed-use destination, after all: Owner Finard Properties is proposing to replace it with a distribution facility, instead.
Industrial Real Estate Rides Pandemic Boost Into 2021
An already strong industrial real estate market in Greater Boston got even stronger in 2020 as a result of a highly unlikely and generally unwelcome development: A pandemic.
BPDA Misses Mark Rejecting Amazon Delivery Hub
In Boston, apparently, city officials would rather take the inevitable traffic that will come from Amazon’s push to speed up deliveries while skipping the jobs it would come with.
Strong Fundamentals Benefit Industrial Development in Mass.
As the logistics hub of Greater Boston, the south industrial markets have garnered the bulk of tenant demand and new construction. In fact, roughly 64 percent of all projects currently under way are located south of Boston.
Amazon’s Wish List Includes Multiple Massachusetts Sites
Surging demand from online retailers, logistics operators and product suppliers has put immense pressure on Greater Boston’s warehouse market. Current vacancy measures single digits, and the true vacancy rate, which removes antiquated and functionally obsolete supply, reads below 5 percent.
The Year in Commercial Real Estate
From a booming life science industry spreading further out from East Cambridge to new multifamily housing models and an e-commerce-fueled explosion in interest in distribution facilities, here’s what drove demand in 2019.
Davis Cos. Buys 18-Acre Chelsea-Everett Site for Redevelopment
An 18-acre property on the Chelsea-Everett border that’s home to a large produce wholesaler could be redeveloped as last-mile distribution space following its acquisition by The Davis Cos.
$30M Spec Industrial Development Begins in Bellingham
A 345,000-square-foot high-bay distribution facility has broken ground on speculation in Bellingham to meet growing demand from e-commerce and logistics industries along the I-495 corridor.
Taurus Sells Logistics Portfolio for $614M
Boston-based private equity firm Taurus Investment Holdings has completed the sale of a large logistics portfolio in four U.S. metros to alternative asset manager Investcorp for $614 million.
Banker & Tradesman’s Editorial Cartoon: The Necco Factory’s Biggest Selling Point
Alexa, what’s the best way to reposition a former candy factory to attract an e-commerce titan?
Amazon Picks Necco Site for Distribution Center
Revere Mayor Brian Arrigo has announced Amazon will be opening a distribution center in the former Necco factory on Revere Beach Parkway in the city.
Amazon to Open Holyoke Distribution Center
Holyoke will be the site of Amazon’s latest distribution center this fall, according to city Mayor Alex Morse.
Amazon to Establish Distribution Center in 2M SF North Andover Property
Amazon’s under-construction 17-story tower in Boston’s Seaport District won’t be the company’s only new expansion in Massachusetts. The company has reportedly inked a deal for space at a 2 million-square-foot commercial property north of the city.
