Burlington-based developer Nordblom Co. has acquired the Audacy media group’s studios near a gateway intersection in Allston, home of WEEI, Mix 104.1, Magic 106.7 and Big 103. The radio company plans to relocate its studios as it works to get out from under bankruptcy.
The 2-acre property at 83 Leo Birmingham Parkway property includes radio station studios and surface parking.
The property is located in an area that’s attracted significant development activity in recent years, including Mount Vernon Co.’s Radius apartments, a 117-unit apartment complex approved at 30 Leo Birmingham Parkway and a large mixed-use development approved for the WBZ-TV studios property on Soldiers Field Road.
What else is on tap today?
- Office Conversion Financed: A Boston developer will use $5.1 million in financing from Rockland Trust to convert a Financial District office building into 15 apartments.
- TD Bank’s $1M Gift: The Community Builders, a national nonprofit developer of affordable and supportive housing, now has $1 million to scale up its Home Room housing instability pilot program.
- Augustus at ULI Boston: Gov. Maura Healey doesn’t plan to stop issuing housing reforms after the legislator passes her $4.1 billion housing bill, her point person on housing issues told a panel discussion this morning.
- House Caps Shelter Stays: House Democrats voted Wednesday to steer another $245 million toward the overwhelmed emergency family shelter system while capping how long people can receive its services, along the way rejecting a Republican proposal to limit program eligibility.
Show me the data!
Mortgage interest rates dipped back down this week – a little.
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- Expect more real estate brokerage consolidations over the course of 2024 if last year’s activity is any indication. Brokerages that made acquisitions in 2023 are looking for more deals this year.
- Would you pay a 9 percent commission to buy a house? The scenario is a long shot, but it’s still conceivable, if you’re not careful, according to a review of buyer-broker contracts reviewed by the Consumer Federation of America.
- Cambridge Associates recently relocated its Boston office to Winthrop Center, occupying 115,000 square feet on the top three office floors of the 1.5 million-square-foot office-condominium tower developed by MP Boston.
