After Upgrades, Woburn Hotel Sold for $39.4M
A hospitality fund paid $39.4 million for a suburban hotel that was upgraded with new event and restaurant space during a decade-long ownership period.
Fenway Apartments Trade for $27M to Plumbrook
A 54-unit portfolio of apartments overlooking the Emerald Necklace in Boston’s Fenway has been acquired by a New York City investor, Plumbrook Capital Partners, for $27 million.
Waltham Approves Hotel-to-Housing Redevelopment on Second Try
Redevelopment of a former Waltham hotel and restaurant property as 340 apartments received approval following debates over affordability levels and the potential for an appeal to a state board.
Personnel File – No. 442
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Davis Companies Sells Everett Distribution Center for $155M
The Davis Companies sold an Amazon-leased last-mile distribution center to an institutional investor for $155.4 million following redevelopment of the Everett property.
Criterion Gets Construction Loan for Wellington Development
Criterion Development Partners received construction financing for the first of its two upcoming multifamily projects totaling 500 apartments near the MBTA’s Wellington station in Medford.
Davis Companies Buys Retail Portion of $6B Miami Development
The Davis Companies of Boston added an open-air retail complex near the Miami Heat’s arena to its portfolio.
At Major Boston Developer, Davis to Succeed Davis as CEO
One of Boston’s biggest developers is getting a new CEO on April 1 as a father hands the reins to his son.
Davis Sells Medford and Brighton Properties to Invesco JV
A joint venture of Invesco Real Estate and Baranof Holdings acquired a pair of self-storage facilities from The Davis Companies of Boston.
DeMaria Leaves Major Developments in Hands of Everett’s New Mayor
“Development” is a promising word in Gateway Cities, and Everett’s new mayor just inherited a lot of it in his first few weeks in office.
Davis Companies Resumes Office Acquisitions in Boston
After a nearly 10-year hiatus, The Davis Companies is adding to its office portfolio in the city of Boston
Personnel File – No. 428
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Wellington Housing Pipeline Begins with 289-Unit Clayborn Project
Construction is ramping up for the first in a series of developments that could add nearly 1,100 apartments near Wellington Circle.
Davis Companies Adds Shared Lab Space Provider in Watertown
A shared lab space provider leased nearly 58,000 square feet at The Davis Companies’ 66 Galen St. in Watertown as it expands its footprint in Boston suburbs.
Home Depot Replaces Lab Project at Woburn Cinema Property
Woburn’s Showcase Cinema property – previously in play for a lab development – would be redeveloped as a Home Depot store under a proposal by the Atlanta-based home supplies chain.
High Bid of $42M Submitted for Revere Beach Towers
A developer with a large portfolio of multifamily housing in Boston and North Shore communities submitted the high bid for a trio of Revere Beach apartment towers in a bankruptcy case.
Davis Companies Starts 289-Unit Industrial-to-Residential Redevelopment
The Davis Companies accelerated its multifamily housing pipeline with redevelopment of an industrial site as 289 apartments and townhouse-style residences.
ULI Report to Tackle Future of the Lower Mystic
With several huge developments in the pipeline, the trade group says it’s researching ways that waterfront projects can restore the environment in this historically industrial and polluted area.
Healey Pitches Big Cut in Permitting Time for Housing
Large housing developments will see the time they spend in state environmental permitting slashed to just 30 days, Gov. Maura Healey said Tuesday.
40B Developers Take the Long View
A cluster of new 40B development proposals highlight how this 56-year-old state law could be an important tool as landlords explore alternative uses for suburban office and lab sites.
