Financial District Offices Slated for New Residential Conversion
A mostly-vacant office building in Boston’s Financial District is the latest to join the city’s incentive program encouraging residential conversions.
City Councilors Raise Questions About Wu Tax Shift Plan
During a four-hour hearing Tuesday, most councilors didn’t take an explicit up or down stance, but voiced concerns about the long-term impact on real estate development or on small businesses.
Amenities Take Center Stage in Boston’s Newest Office Tower
HYM Investment Group’s brand-new One Congress office tower officially opens today, the first in a big pulse of downtown Boston class A space being delivered over the next several quarters.
Wu Offers Big Tax Breaks for Housing Conversions
Owners of downtown Boston office buildings will get a chance to receive tax breaks for residential conversions, provided that the projects meet the city’s affordability and clean energy goals.
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.
Two Injured in Downtown Boston Steam Plant Incident
Two workers were injured when a pipe ruptured this morning at the steam plant that provides heating to many downtown Boston commercial properties.
Taking Stock of Market Turmoil
Bill McCall likes to joke that he’s accurately predicted eight of the last four recessions in Massachusetts. His glass-half-empty perspective is influenced by his brokerage firm’s tenant advisory specialty in helping companies drive the best bargain with landlords.
WeWork Worries Drop Softbank Quarterly Profits by 94 Percent
Japanese technology conglomerate SoftBank Group Corp. said its profit for the last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork.
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.
State Offers Hurley Building Property for Redevelopment
The state is seeking proposals to ground-lease the 3.25-acre Charles F. Hurley state offices property near Boston’s Government Center, saying the existing 327,000-square-foot structure needs $200 million in renovations and is ripe for redevelopment.
WeWork Co-Founder Pushed Aside in $5B SoftBank Takeover
WeWork is accepting a $5 billion rescue package that hands control of the company to Japanese tech giant SoftBank and pushes aside co-founder Adam Neumann, but the company still has a long road ahead of it.
WeWork CEO Steps Aside Amid Questions About Firm’s Finances
WeWork CEO Adam Neumann is stepping aside amid questions about the company’s finances, but will remain on its board as non-executive chairman. The company leases over 1.6 million square feet of office space in Boston and Cambridge.
Reports: Some WeWork Directors Seek to Remove CEO
Some members of the WeWork board are unhappy with its leadership and plan to push WeWork CEO Adam Neumann to give up that title, according to several media reports.
