HYM Named as Advisor on Carney Hospital Property
Boston-based HYM Investment Group and a Dorchester anti-violence coalition will serve as advisers to the new owners of a former Boston hospital on a redevelopment plan.
Who’s Worried? Not Tom O’Brien
The HYM Investment Group chief faces down a tough financing environment and a threat from a prominent politician to force an eminent domain sale of the Suffolk Downs development site.
Suffolk Downs’ Next Building Buoyed with HDIP Money
The long-awaited second building in HYM Investment Group’s massive Suffolk Downs development just notched another piece of its capital stack with state help.
Boston Media Is Missing the Big Story When Covering Megaprojects
The real and much more important story right now? Why it is so hard to build in Boston, and who is to blame for so little progress on the city’s biggest proposed developments.
O’Brien Decides Against Mayoral Run
His abrupt reversal comes after his entry into the race was all but assured last week, and leaves the field to Mayor Michelle Wu and other challengers hoping to topple the first-term incumbent.
O’Brien Reportedly Set to Enter Mayor’s Race
Real estate developer Tom O’Brien reportedly will announce his candidacy for mayor of Boston next week, joining Josh Kraft in the bid to unseat incumbent Michelle Wu.
Suffolk Downs Apartments Ink Second Retail Lease
An East Boston yoga and barre studio will become the second retail tenant at Suffolk Downs’ first apartment building, the Amaya complex in Revere.
Mayor Wu Could See a Challenger from Boston’s Real Estate Industry
Tom O’Brien, the developer who once worked inside Boston City Hall under Mayor Thomas Menino, is now weighing a campaign for the top job.
Headwinds Delay Suffolk Downs Groundbreakings
The first building in the Suffolk Downs redevelopment is nearing completion, but the once-in-a-lifetime opportunity Revere officials saw is taking longer to materialize than first hoped.
Will Money Pool Move the Housing Needle?
Developers and brokers say a new, albeit small, pool of state funding called the “Momentum Fund” will break through a logjam that’s severely reduced groundbreakings of major multifamily projects.
Government Center Garage Contractor Sues Developer
In the latest financial fallout from the 2022 Government Center garage collapse, a Brockton contractor is seeking $8.8 million from the Bulfinch Crossing’s project’s developers.
Suffolk Downs Announces Rents at First Building
The first building at the 16 million-square-foot Suffolk Downs redevelopment is nearing completion and has begun marketing 475 apartments for occupancy in June.
Sudbury Apartment Tower Adds Investor in $43M Deal
The Bulfinch Crossing development’s high-rise luxury tower has a new investor following a year-long marketing process.
Lawsuit Alleges Flaws at State Street HQ
Developers of State Street Corp.’s new headquarters say design flaws that failed to take into account Boston’s frigid winters forced them to sacrifice leasable space and drove up project costs.
Personnel File – No. 358
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
HYM Eyes Dot Ave. Development Plans
A new group of investors has closed on a South Boston commercial property that could become part of a larger Dorchester Avenue redevelopment.
O’Brien Saddles Up for Next Big Project
Tom O’Brien is not shy about taking on challenging projects. Now he faces another potentially daunting endeavor, as he pushes ahead with plans for a large lab and housing complex in Roxbury’s Nubian Square.
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.
Will Biomanufacturing Make It in Massachusetts?
Biomanufacturing was supposed to be a big part of the next “Massachusetts Miracle,” but tenant requirements have been cut in half in the last year. But its believers have faith in the sector’s durability over the long term.
Local Banks Have Opportunity to Fill First Republic’s CRE Niche
But in the wake of JPMorgan Chase’s $10.6 billion acquisition of the now-failed lender, local real estate executives say First Republic filled roles in the industry ecosystem that will be hard to replace.
