Vertex Pharmaceuticals’ Fan Pier HQ Refinanced for $1B
Newton-based RMR Group refinanced its Boston Fan Pier property for $1 billion, a year after Vertex Pharmaceuticals renewed its lease for the 1.1 million square-foot office and lab complex.
Groups Push Back on North Station Gateway Project
Boston neighborhood groups say The Hub on Causeway and Bulfinch Crossing projects shouldn’t set a precedent for development heights in the West End as another developer seeks to build a 40-story hotel-residential tower near North Station. And they may have found an ally in a city panel that reviews the appearance and context of new developments.
Vote Expands Housing Potential Near North Station
Developers will receive an somewhat easier path to approval of multifamily housing in the historic blocks near North Station under new zoning rules.
DOGE Cuts Weigh on Newton Office REIT
The Trump administration’s “broad-based and unpredictable” plans to slash the federal government’s office footprint add a new element of uncertainty to the finances of a Newton-based office REIT.
Newton Lender Funds Acquisition of Boston Club Quarters Hotel
The 178-room hotel at 161 Devonshire St. was previously owned by Blackstone, which defaulted on a loan in 2023 for four Club Quarters hotel properties.
Developer Proposes 40-Story ‘North Station Gateway’ Tower
Largely-vacant office buildings near Boston’s North Station would be redeveloped as a 40-story hotel-residential tower under a proposal submitted by Newton-based The RMR Group.
Developer Proposes 40-Story Tower Near North Station
A Newton developer is back with a new proposal for a 40-story skyscraper near North Station after scrapping plans for an office-focused project.
Vacant Malden Offices Trade for $7.8M
A vacant Malden office building that once housed state Department of Elementary and Secondary Education offices traded for $7.8 million after a marketing campaign emphasized its potential for alternative uses.
Vertex HQ Renewal Deals Blow to Lab Projects
Vertex Pharmaceuticals’ headquarters move to the Fan Pier in 2014 put Boston’s Seaport District on the map as a life science industry destination. Vertex’ reported decision to remain at the Fan Pier beyond 2028 deals a blow to a growing list of major lab projects still seeking tenants in the neighborhood.
Wu Open to Changes in Bulfinch Triangle
Boston Mayor Michelle Wu is signalling support for developers’ vision to reawaken the Bulfinch Triangle neighborhood by encouraging taller buildings and multifamily housing.
RMR Group Acquires 28K-Unit Apartment Portfolio
Newton-based RMR Group is expanding its multifamily holdings with an $80 million acquisition that gives it a portfolio of 28,000 apartments concentrated in Sunbelt markets.
Project Delays Start to Stack Up
The next generation of developments with the potential to reshape the Boston skyline are under threat from a combination of higher construction costs, rising interest rates and questions about the region’s housing market.
Causeway Street Skyscraper Plan Surfaces in West End
Potential plans by a Newton developer for a skyscraper that would reshape the Boston skyline near North Station are prompting neighborhood associations to seek officials’ reaction to the scale of the project.
A Growing Role at Boston’s ‘Quiet Giant’
Jennifer Francis has a day-to-day window into how all commercial real estate sectors are performing throughout the pandemic as an executive vice president of Newton-based RMR Group.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Office Park Gets First Restaurant Tenant Commitment
Aided by a town grant to lure amenities to its commercial district, Pressed Cafe is committing to a new location in Chelmsford.
Clean Harbors Buys Norwell HQ Property for $27.5M
Environmental services firm Clean Harbors has acquired its Norwell headquarters from The RMR Group of Newton for $27.5 million.
‘Game Of Thrones’ Game Publisher On The March In Framingham
Mobile game publisher Disruptor Beam will relocate from 161 Worcester Road in Framingham across town to a new headquarters at 100 Pennsylvania Ave.
