Sustainability Standoff in Watertown
Potential new requirements to discourage fossil fuel use at approximately 150 large buildings in Watertown would drive up housing costs and penalize developers of recent lab projects, opponents say.
Manufacturer Expanding at Apollo Drive in Chelmsford
An additive manufacturing company is expanding in Chelmsford after signing a long-term lease at 250 Apollo Drive.
Second Downtown Tower’s Sale Could Set Benchmark
It’s not just One Lincoln: A second downtown Boston skyscraper could hit the market and offer another indication of how far high-end office property values have fallen since the pandemic.
Boston Office Market Finds Firmer Footing
Is 2025 the year of the Boston office comeback? Amid return-to-work mandates and a slight dip in office vacancy rates, there’s optimism in the air.
Lab Supplier Leases 113K SF for HQ in Ayer
Pepperell-based Celltreat Scientific Products will consolidate from three separate locations into the new headquarters at 3 Nemco Way.
Hasbro Scouting Boston for New HQ
Massachusetts is in the running to attract the headquarters of a well-known consumer brand from a neighboring state with the potential relocation of toy and game maker Hasbro from Rhode Island.
Boston Office Landlords Bet on Spec Suites
Overall office requirements in Greater Boston are pushing past 3.5 million square feet. Many of them are on the hunt for a flexible, seamless solution in the market: spec suites.
Boston Office Vacancies Leave Decarbonization Efforts in Limbo
With capital hard to come by, even the promise of city fines and higher-paying tenants attracted to green energy upgrades may not be enough to make downtown building owners act.
State Agencies’ Expiring Leases Could Shake Up Downtown
State agencies’ pending lease expirations in downtown Boston would add over 800,000 square feet of vacancies to the beleaguered office market, prompting pleas for Gov. Maura Healey to reverse a planned real estate diet.
Healey’s Climate Push Could Jumpstart Suburban Properties
While office tenants downsize, developers and brokers see a growing source of tenant demand for flex properties including a mix of office, research and light manufacturing space.
WeWork Plans to Keep Two Boston Locations
WeWork locations totaling nearly 275,000 square feet in downtown Boston and Back Bay would remain open under a motion submitted in the coworking provider’s bankruptcy case.
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.
Harvard Not the Only Winner from Feds’ Mass. Pike Money
A $335.4 million federal grant to rebuild a key section of the Mass. Pike and build a new transit hub in Allston will help unlock Harvard University’s plans for a big, new science and technology-focused neighborhood. But the school isn’t the only winner, experts say.
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
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.
Winding Path to Profitability Detoured Development in 2023
Transformative projects reshaping the Dorchester waterfront and streets surrounding Fenway Park cleared their biggest hurdles at Boston City Hall in 2023, but a challenging development climate points to a reduced presence of cranes on the skyline.
Life Science Market Fundamentals Show Advantage Lies with Users
Dour-sounding statistics about the state of Massachusetts’ life science real estate market should be put into context. Yes, the market has short-term challenges, but it will normalize over the coming years.
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.
Everyone Wants a Piece of Biotech Startups
As life science tenant space requirements become scarcer in the more conservative venture capital climate, Boston area developers are adapting to the new leasing landscape with incubator space aimed at small startups.
Are Clean Energy Tenants CRE’s New Savior?
As life science demand wanes, developers are increasingly marketing new projects to Massachusetts’ growing clean energy sector, flush with funding from venture capital and new federal programs.
