Councilors Buck Waltham Mayor to OK BXP’s Office Park Overhauls
Waltham city councilors said letting three office parks redevelop with up to 2,000 new homes, saying the project was vital to the city’s future.
Housing Starts to Fill Up Office Parks
Developers are pursuing plans for nearly 4,000 homes on sites currently occupied by office buildings, and more are in line for empty parcels in the same commercial parks.
BXP Brings Ray of Hope to Suburban Boston Housing Production
Between office parks it owns in Waltham, Weston and Lexington, the office mega-landlord now has plans to add around 2,300 new homes in the western Route 128 corridor.
Signs of Life in Boston Biotech CRE
Little tiny green shoots are poking up here and there, with leasing activity running well ahead of 2024 totals and the pace of vacancy growth slowing down.
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.
Hot Property: Welch’s New Headquarters
Designed by architects SGA, the 60,000 square-foot facility includes lab and collaboration spaces on a high-visibility site.
Rockland Trust Facing $54.6M Non-Performing Route 128 Office Loan
While Rockland Trust saw deposit and net interest margin growth, a $54.6 million office loan was reclassified as non-performing executives said Friday morning, hampering the gains the bank made in the third quarter.
Alexandria Lands 166K SF Lease in Waltham
Alexandria Real Estate Equities’ Waltham life science campus inked a 165,940-square-foot lease with a Danish health care company.
The Village Bank Opens New Waltham Branch
The Village Bank, headquartered in Newton, has opened its ninth branch in Waltham after years of serving the residents and businesses there from branches outside of town.
Greystar Proposes Second Local Lab Project
A 1960s office park near Route 128 would be replaced by a life science project under plans under review by Waltham officials.
Chase Applies to Open Sixth MA Branch This Year
JPMorgan Chase is continuing to march forward on its branch expansion plans in Massachusetts.
The Other Barrier to Development
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.
Hobbs Brook Gets New CEO
Suburban developer Hobbs Brook Real Estate has named a new CEO to replace former chief executive Sam Schafer.
Three Biotechs Ink Leases at Waltham Office-Lab Conversion
Three life science companies have signed leases totaling 166,000 square feet at a Waltham office-to-lab conversion project currently under construction.
Hot Property: 41 Seyon St.
Cambridge-based Generation Bio will build out a cGMP facility in Waltham after leasing over 100,000 square feet from the developers that acquired the property in December 2020.
Suburbs Retain Desirability Amid Workplace Disruption
Greater Boston’s suburbs have always been popular because they offer companies and their employees an ideal mix of conveniences such as a short commute, free parking and green space that will never be available in most urban locations.
Hot Property: Abcam Offices and Labs
The Boston office of tenant representation brokerage Cresa was selected by global life sciences company Abcam to manage its relocation from Cambridge’s Kendall Square to Waltham.
Hot Property: Boston Dynamics Headquarters
Design collaborative Bergmayer and construction manager JC&A have completed the corporate headquarters and lab facilities for robotics firm Boston Dynamics in Waltham.
Hot Property: 115 Fourth Ave.
A software company that works with tour operators is moving to 115 Fourth Ave. in Needham, a newly-updated office building owned by The Davis Cos. and Marcus Partners in Waltham.
Hot Property: 81 Wyman St.
A recent capital improvement and renovation project at 81 Wyman St. in Waltham has received LEED Platinum certification for core and shell by the U.S. Green Building Council.
