Watertown Lab Project Secures 73K SF Lease
A Cambridge biotech will relocate to Watertown after terminating its lease and committing to occupy nearly 73,000 square feet at 99 Coolidge Ave.
Is This the Best Development Site in Massachusetts?
National Development’s 75 Reed Road property represents a rare opportunity amid growing demand for big development sites serving emerging industries, particularly data centers for applications like AI.
Industrial Tenants Focus on Cost Reduction
Rising industrial availabilities throughout Greater Boston reflect slowing economic conditions as tenants’ sublease listings hit the highest level since 2011.
Generational Transition Takes Effect at National Development
Brian Kavoogian taking the helm at National Development, with a new leadership structure, as the storied company positions itself for the next real estate cycle with a focus on senior housing.
Alperin, Bialecki Remembered for Lasting Impact on Boston Real Estate Industry
Tributes are pouring in for Thomas Alperin and Gregory Bialecki as executives who did much to shape Greater Boston development in recent decades. Both died Thursday.
Lower Fed Rates Haven’t Opened the Housing Floodgates
Developers pulled building permits for just 82 new Boston units in the last two months, the worst fall showing in nearly a decade. The cost of city policies is partly to blame.
Future Uncertain for Boston’s Compact Living Experiment
City officials hoped developers would build more units per acre and pass along the savings to residents. It hasn’t turned out that way, and it’s an open question whether the pilot that permitted around 2,000 units in three years will come back.
Personnel File – No. 375
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Alexandria Buys WBZ-TV Studios in Allston
The nation’s largest life science developer acquired the WBZ-TV studio property in Allston, where a large redevelopment including offices, labs and housing was approved in 2022 but has yet to begin
Cracking the Co-Living Code in Boston
Boston’s newest co-living complex opened in January in Allston. And a prominent developer has figured out how to make it work. But city officials have put a pause on more housing developments like this.
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.
Industrial Deals Dropped 26 Percent in Q2
Industrial leasing activity dropped 26 percent during the second quarter, confirming softening in the once-overheated Greater Boston market.
National Development Lands Wayfair, Lowe’s at Former Airfield Project
Redevelopment of a former Raytheon Corp. property in Connecticut will be anchored by Wayfair and Lowe’s, which have leased a combined 2.5 million square feet of distribution space.
National Development Proposes Labs Near Burlington Mall
After adding a hotel and restaurants to The District office park in Burlington, National Development proposes three life science buildings totaling 665,000 square feet to add momentum to the town’s growing lab market.
Next Step in Burlington: Reimagining Mall District
Burlington officials hope to encourage up to 4.4 million square feet of new development and a new series of connections between properties in and around the town’s mall. Area landlords are watching intently.
BPDA Approves Lab Towers at Simmons Campus
The Boston Planning & Development Agency kicked off 2023 with 2.5 million square feet of approvals, including life science projects in the Longwood Medical Area, Allston and South Boston.
Suffolk, Federal Realty Executives Join National Development
Former executives for Boston-based construction firm Suffolk and Federal Realty Investment Trust are joining Newton-based National Development in high-level roles to oversee developments in South Boston and East Hartford, Connecticut spanning 2.2 million square feet.
GE Exiting Fort Point in Downsizing Move
General Electric will vacate its two-building headquarters in Boston’s Fort Point as part of a company-wide downsizing of its real estate footprint.
Question 1 Is Unfair, and Won’t Work
Two leading commercial real estate industry figures say a proposed surtax on the portion of someone’s income over $1 million will push businesses out and hurt many non-millionaires selling homes and businesses.
Medford Begins Process for Wellington Air-Rights Development
The city of Medford is gauging developers’ interest in building a large mixed-use project on up to 28 acres at Wellington station on the MBTA’s Orange Line.
