Malden and five other cities have struggled to draw investment to its blighted downtown areas. But thanks to a new partnership with MassDevelopment, locals hope that’s about to change
The 295-unit building at 500 Broadway in Malden has been acquired for $112.5 million.
A hilltop apartment complex in eastern Malden has traded hands, with a Boston-based investor the new owner.
Landlords of apartment buildings in Malden and Canton hired a Texas company to screen tenant applications automatically, prompting a pair of rejected tenants to file a court challenge.
An industrial property close by Malden Center has sold, with the tenant’s future uncertain.
Some residents’ opposition to multifamily housing frequently dominates headlines, but developers say understaffed and fragmented town hall bureaucracies are just as big a problem in Boston suburbs.
Situated along a river just north of Boston is a city that has long served as a gateway for immigrants, has a proud history of innovation and key mass transit connections. But it’s not Somerville or Cambridge.
Companies looking to tap into a large, accessible workforce can also draw young professionals by touting their proximity to something unique in all of New England, Malden’s Gaming District.
A newly-formed joint venture will create 352,000 square feet of lab space in Malden Center, including three spec suites.
It’s a pivotal policy question for Massachusetts communities seeking to encourage affordable housing in new developments: What’s the highest percentage of affordable units that can be required before projects become financially unfeasible?
Boston-based Quaker Lane Capital has received special permit approval to redevelop 11 Dartmouth St. in Malden Center as a mixed-use property including class A office and life science space.
Instead of providing potential developments with a series of hurdles to overcome, as mayor of Malden I have worked to create an atmosphere where city professionals look at projects to find a way to make them win/win opportunities while also protecting the city’s assets and resources.
Boston-based Berkeley Investments has completed redevelopment of a former bank operations center into 310,000 square feet of mixed-use space.
A Malden industrial building that’s located in an Opportunity Zone has been acquired by Boston-based Eastern Real Estate for $7.3 million.
Encore Boston Harbor, the $2.6 billion resort casino in Everett, said Monday that it is placing about 3,000 of its employees on an indefinite furlough as it prepares to reopen under guidelines that limit the resort’s occupancy.
Nearly one out of every four families with children in 13 Greater Boston communities pay more than half their income for housing, while nearly 1 in 10 live in overcrowded conditions with more than two people per bedroom, a new report says.
A pair of Malden mixed-use buildings in one of the city’s two opportunity zones have sold for nearly $12 million.
From “Telecom City” to a mixed office-residential campus, Preotle Lane & Assoc.’s John Preotle has had to reinvent Medford’s River’s Edge development to ride out multiple boom and-bust real estate markets.
When seen in light of brick-and-mortar retailers’ ongoing struggles, what’s going on in Malden Center makes a compelling case that landlords ought to look at storefront spaces less as profit centers and more as drivers of overall value.
Local officials and real estate developers say Malden’s growing “gaming district” and its wild variety of ethnic restaurants as a catalyst for downtown revitalization and retail resurgence.
