Image courtesy of TH Real Estate
Two WeWork locations in Boston would stay open under a proposal the coworking space has made in its bankruptcy filing. WeWork’s bankruptcy adds a new stress point to Boston’s Class A office sector already struggling to adapt to elevated vacancies and uncertain future demand. The company has already proposed to reject its leases at One Lincoln and 711 Atlantic Ave.
What else is on tap today?
- Sponsored Content: Webster First’s Guide to Mortgage Solutions
- Retail to Rental: A developer proposes to rezone a Marlborough office park to allow construction of residential condominiums.
- Praise, Not Punishment: AG Andrea Campbell and Gov. Maura Healey are changing focus from threatening communities in noncompliance with the new MBTA zoning law to praising those who are embracing it.
- Redfin to Pay $9.5M: Redfin has agreed to settle federal lawsuits regarding broker commission.
- Record Equity: Greater Boston is in the top 5 metro markets for home equity gains, which have reached a record $11 trillion nationwide.
Show me the data!
What’s the single-family home sale market doing?
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- Financial institutions are increasingly exploring wealth management and private banking as new revenue sources.
- Participatory budgeting is putting money where the community’s mouths are. It is an investment, particularly in working-class communities of color across our city, which too often see a lack of investment and deterioration of neighborhoods.
- Museum of African American History CEO Noelle Trent is taking stock of her organization’s many historic Boston properties as the oldest reach their 230th birthday next year.
