Somerville’s Curtatone Will Not Seek Reelection as New Boom Looms
Somerville Mayor Joe Curtatone announced Monday that he will not seek reelection.
Life Science Sites Await Industry Spillover
Greater Boston’s massive life science real estate boom largely bypassed Somerville and Charlestown in recent years as growing firms gravitated toward western suburbs instead.
New Xmbly Developer Seeks More Lab Space
A leading life science developer is taking over redevelopment of an Assembly Square site with plans for a larger office-lab project than was originally approved by Somerville officials in 2018.
Hood Park Is Ready for its Next Act
Assembly Row and Cambridge Crossing are demonstrating how once-drab industrial parcels near the elevated decks of Interstate 93 can be reinvented as successful mixed-use developments. And developers are following a similar game plan at Charlestown’s Hood Park.
Deutsche Bank Lends $61M for Malden Spec Redevelopment
Berkeley Investments has begun a 300,000-square-foot speculative redevelopment in Malden Center, where it’s marketing space at the former bank data center to office and R&D tenants.
Laboratory Land Use Expanding Beyond Cambridge
Greater Boston’s life science hub has outgrown its birthplace in Kendall Square/East Cambridge. Today, the area boasts a 0 percent direct vacancy rate for Class A laboratory space and rental rates approaching $100 per square foot, triple net.
10 CRE Stories to Watch in 2019
As projects in Somerville, East Boston, Allston-Brighton and South End move forward, developers of large vacant commercial properties in Newton and Woburn are laying out plans for mixed-use projects totaling over 3 million square feet.
