Cassidy Norton
Banker & Tradesman StaffCassidy Norton is associate publisher and media relations director of The Warren Group, publisher of Banker & Tradesman.
by Cassidy Norton | Apr 17, 2024
As more life science conversions and new developments were completed without tenants, Greater Boston’s lab vacancy rate rose to 13.7 percent in the first quarter, CBRE says. The figure, up from 10.8 percent at the end of 2023, represents nearly 7.6 million square feet...
by Cassidy Norton | Apr 16, 2024
Seeking to build a new consolidated campus, a North Shore life science company is tackling the question of how to design power-hungry lab buildings with minimal fossil fuel consumption. At an abandoned quarry in Manchester-by-the-Sea, Cell Signaling Technology plans...
by Cassidy Norton | Apr 14, 2024
Boston Looks to ‘Skyline’ for Help By Steve Adams Changes designed to attract more developers and commercial tenants to downtown Boston and avoid a looming fiscal chasm tied to declining office occupancy are moving closer to the finish line. Commercial Interests:...
by Cassidy Norton | Apr 12, 2024
A Fenway commercial property added a major new tenant in Berklee School of Music. But what does it have in store for the property? Berklee leased nearly 39,000 square feet at 1249-1255 Boylston St., a 3-story office-retail building, through 2040. The school has a...
by Cassidy Norton | Apr 11, 2024
An investment partnership that completed a $171 million acquisition of the Hilton Boston Back Bay hotel plans a capital improvement program to modernize the 41-year-old property. New York-based investment firm Certares, in partnership with Belcourt Capital Partners,...
by Cassidy Norton | Apr 10, 2024
A BPDA-approved plan endorsed the idea of higher zoned building heights in downtown Boston last year. But now developers have an idea of the specifics Mayor Michelle Wu is proposing. The administration took the wraps off a major rezoning proposal for downtown...
by Cassidy Norton | Apr 9, 2024
The developer of a 19-story lab tower in Somerville’s Assembly Square is seeking an extension to redesign the project following a change of ownership and continuing sluggishness in life science leasing. DivcoWest’s 596,000-square-foot project at 120-132...
by Cassidy Norton | Apr 8, 2024
A deal with the Massachusetts Department of Transportation moved the 1.3-million-square-foot redevelopment of the MBTA’s Back Bay station property closer to groundbreaking. Boston Properties signed a 90-year lease with the agency for the site, which includes a parking...
by Cassidy Norton | Apr 7, 2024
Another Option for Vacant Office Buildings By Steve Adams New hotel construction has slowed to a crawl in Boston since COVID but a new source of room supply is emerging in conversions spurred by the city’s struggling office market. Commercial Interests: Don’t Let...
by Cassidy Norton | Apr 5, 2024
Conversions to R&D space could be the best option for suburban Boston office landlords facing a financial crossroads, real estate executives predicted at an economic forum focusing on the Metro North region. “There’s a huge opportunity to refashion the stock of...
by Cassidy Norton | Apr 4, 2024
With a strong hurricane season in the forecast and inflation continuing to ripple across the U.S. economy, multifamily operators from Boston to Boca Raton are battling rising operating costs according to a new report from Yardi Matrix. What does that look like...
by Cassidy Norton | Apr 3, 2024
It’s game on as Boston and Everett officials squared off on Beacon Hill yesterday over a much-debated soccer stadium proposed for the site of an old power plant on the banks of the Mystic River. The hearing before the state legislature’s Joint Economic...
by Cassidy Norton | Apr 2, 2024
As you read this, Boston Mayor Michelle Wu is signing an ordinance to largely replace the Boston Planning & Development Agency with a new Boston Planning Department. Boston City Councilors OK’d the move last week, but state legislators still need to act on a...
by Cassidy Norton | Apr 1, 2024
Boston-based developer GFI Partners plans to develop 200,000 square feet of commercial space at the former Grafton State Hospital after completing an acquisition from MassDevelopment. What else is on tap today? Amenities War, Quantified: A new analysis by researchers...
by Cassidy Norton | Mar 31, 2024
Did a Warm Winter Juice Spring Listing Data? By Jay Fitzgerald Early-year data from several sources has shown an uptick in sold homes and new listings. But some are skeptical that the state is seeing signs of a market becoming unstuck. Commercial Interests: Boston...
by Cassidy Norton | Mar 29, 2024
Boston-based developer Synergy made another bet on the future of the office market with acquisition of a 406,928-square-foot office tower in Downtown Crossing. The $78 million transaction at 101 Arch St. represents a 36-percent discount on the property’s previous sale...
by Cassidy Norton | Mar 28, 2024
Starting in July, many of the main functions of the Boston Planning & Development Agency will be transferred over to a new city Planning Department following a combative City Council vote Wednesday afternoon. But key elements, like the department’s funding and the...
by Cassidy Norton | Mar 27, 2024
The first phase of a speculative industrial development by The Davis Cos. in Wilmington landed a full building lease from a medical device company. The 111,119-square-foot distribution center at 38 Upton Drive is the first of two new buildings totaling 215,000 square...
by Cassidy Norton | Mar 26, 2024
A Bulfinch Triangle building probably best known as host to the Ski Monster store has been sold for 63 percent of its last sale price. And its new owner, Kinross Real Estate, is considering options including a residential conversion. Two of the three floors of office...
by Cassidy Norton | Mar 25, 2024
Wary of a backlash at an upcoming town meeting, Burlington officials approved a plan to comply with the MBTA Communities law by rezoning four areas for multifamily development that already include large housing complexes. A divided Planning Board voted 3-2 last week...
