State’s Top Taxman Dismisses Tower Tax Retaliation Claims
State Revenue Commissioner Geoffrey Snyder said he can’t “substantiate” claims that Boston raised taxes on tower owners who challenged their valuations. A lawsuit could be next.
‘Skyline’ Districts Set for BPDA Review
The final downtown Boston rezoning plan encourages multifamily housing and active retail and entertainment uses, while placing limits on research labs.
Filling the CRE Tax Gap
As thousands of property owners in Boston seek abatements and researchers forecast a steep decline in property tax collections, Mayor Michelle Wu’s options are limited in finding ways to cushion the fiscal blows
Eastern Bank Moves to Sell Four Non-Performing Loans
Eastern Bank is resolving its three troubled office loans from the third quarter of last year, plus a new non-performing real estate loan that cropped up in the fourth quarter, by selling them at a loss.
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.
Eastern Bank Reveals Three Troubled Boston Office Loans
The dollar volume of Eastern Bank’s non-performing loans jumped by $17 million thanks to three non-performing commercial office buildings in Boston’s Financial District.
Investor Breaks the Ice with Downtown Office Buy
A Miami-based real estate investor made the first plunge into Boston’s chilly office investment sales market since early 2022 with the $41 million acquisition of a Financial District property.
Hot Property: The Summer Exchange Building
A.W. Perry built out two full-floor office spec suites with contemporary designs during a renovation project at this 5-story, 32,000-square-foot office building from 1872.
Boston Office Loans Among Nation’s Riskiest
Greater Boston has the fourth riskiest loans on office properties among major U.S. metros, with nearly 30 percent falling into a category with elevated risk of default.
$100M Makeover Due for International Place
One of Boston’s signature office properties is getting a makeover as a large tenant prepares to depart for another Financial District tower next year.
