Hot Property: Takeda Theater at The Platform
A 45,000 square-foot performing arts center at the 585 Kendall life science development will be known as The Takeda Theater at The Platform.
Indie Bookstore Inks Lease at Allston Labworks
A two-year-old independent bookstore in Melrose will expand into Boston with its second location at Allston Labworks.
Insulating the Bay State Biotech from Headwinds
Dr. Kirk Taylor is Massachusetts’ point person on the life science industry. And he’s just launched a new program with money for biomanufacturing developers
Alexandria Expects Tariff Hit on Construction Costs
Alexandria Real Estate Equities is bracing for a double-digit increase in costs on its current development pipeline related to the Trump administration’s tariff policies and inflation.
InterContinental Owners Sue Developer Over Lab Conversion
Condominium owners at Boston’s Intercontinental Hotel asked a judge to intervene in a property dispute over an office-to-lab conversion project they claim is generating around-the-clock disturbances.
Medical Space Considered in Skanska’s Longwood Project
Simmons University’s former residential campus would become an extension of the Longwood Medical Center life science and health care cluster under Skanska USA Commercial Development’s newly released plans for the 5.8-acre site.
IQHQ Refis Fenway, Allston Lab Sites
Lab sites in Allston and the Fenway refinanced their debt after life science developer IQHQ Inc. received $900 million in additional investments from its long-term partners.
Alexandria Set to Sell More Massachusetts Properties
The leading U.S. life science landlord has agreed to sell more properties in Greater Boston for nearly $370 million and recorded an impairment charge of $40.9 million.
MassBio Maps Rescue Plan for Life Science Startups
The free-flowing funding climate in biotech slowed to a trickle in 2022, choking off the supply of tenants to fill Boston’s explosion of new life science real estate.
Massachusetts Shoots for Leadership in the ‘Hard Stuff’
Massachusetts lost biomanufacturing jobs last year, raising questions about the sector’s future in the state. But local and state leaders are planning initiatives to show the Bay State remains a formidable powerhouse.
Arsenal Yards Developer Wants More Lab Space
Despite the region’s historic lab vacancy rate, Boylston Properties is planning a new 175,000-square-foot life science building next to its Arsenal Yards property in Watertown.
MFA Wary of Tower Construction on Wentworth Campus
Last-minute objections from the Museum of Fine Arts delayed approval of a 460,000-square-foot life science project on Wentworth Institute of Technology’s campus.
Senate Passes Economic Development Bill Loaded With Policy and $2.86B Price Tag
State Senators unanimously approved a sprawling $2.86 billion economic development bill just before midnight last night. S 2856 is seen as a critical tool for maintaining the commonwealth’s successful life sciences sector and making a similar massive investment in the climate tech landscape.
Lendlease to Exit U.S., Brighton Lab Tower’s Future Uncertain
Australian developer Lendlease announced Monday it’s pulling out of the United States market to focus on its home turf and some international projects.
Assembly Row Developer Delays Big Lab Project
Federal Realty Investment Trust is delaying groundbreaking of a 381,529-square-foot life science project at Somerville’s Assembly Row, citing “oversaturation” in the lab development market.
Lab Developer Agrees to Pay for Fort Point Flood Barrier
A life science development will contribute $6.5 million toward the design and construction of a flood berm designed to protect portions of Boston’s Seaport District from sea level rise.
Related Beal Closes on Financing for Vertex Lab Project
A development group led by Related Beal completed its financing for development of a Vertex Pharmaceutical-leased research center that’s ramping up construction in South Boston’s Raymond L. Flynn Marine Park.
Lab Vacancy Rate Nears 14 Percent
As more life science conversions and new developments were completed without tenants, Greater Boston’s lab vacancy rate rose to 13.7 percent in the first quarter.
Harvard Files New 1M SF Allston Development Plan
Harvard University and its development partner Tishman Speyer are set to begin the public review of their next major real estate project in Allston, the second phase of the school’s Enterprise Research Campus.
A Groundbreaking Lab Plan for North Shore Quarry
At an abandoned quarry in Manchester-by-the-Sea, Cell Signaling Technology plans to tap into the underground terrain for a geothermal heating and cooling system for its proposed 250,000-square-foot development.
