Commercial & Industrial
A 2.1-million redevelopment of the 15-acre former Exelon Corp. power plant property in South Boston would include eight new buildings with residences, offices, a hotel and retail space, developers say.
German investors have acquired 148 State St. in Boston, a 64,500-square-foot office building anchored by the headquarters of Public Consulting Group, for $41 million.
Jack Conway & Co. has hired a top South Boston real estate agent to lead its growth in the sought-after Seaport District’s growing residential market.
BayCoast Bank, First Citizens’ Federal Credit Union and Shawmut Design and Construction are featured in this week’s roundup of organizations announcing changes to personnel.
Another Democrat is planning to enter the race for governor in Massachusetts.
Despite strong market fundamentals in 2016, the central business district recorded four consecutive quarters of relatively flat rent growth. But in Q1 of 2017, historically the coldest and quietest quarter for Boston, the market sprouted back to life.
Despite the recent rash of announced store closings, bricks and mortar retail is not going away. Consider these statistics: 85 percent of shoppers state that touching a product in a store is an important part of the decision to buy, and 71 percent of online sales involve the physical store at some point along the path to purchase .
Don’t call the Apex Center of New England a shopping center, despite its resemblance to the predominant retail development style of recent decades.
The property offers direct frontage on Route 1, easy access both north and south and a wealth of area amenities including nearby Patriot Place. These first-class, all-block construction buildings provide a variety of space options that range from 5,000 square feet up to 100,000 square feet. The buildings have generous clear heights, excellent infrastructure including town sewer, and substantial tailboard and drive-in loading.
Massport’s approach to development of prime real estate that it owns in Boston’s Seaport District could serve as a case study in lost opportunities.
Many commercial leases provide for automatic extension of the term unless one party notifies the other in writing within a certain timeframe that it desires not to extend the lease term – but what constitutes “a certain timeframe” can be a matter of debate.
Pot smokers and budding weed entrepreneurs are clearly still high as a kite over their big victory last November when voters passed a statewide referendum legalizing marijuana.
Prospects for developing brick and mortar retail are dicey as national chains shrink store footprints and shutter anchor stores amid Amazon’s ascendance.
Boston-based Davis Cos. is nearing completion of a 37,500-square-foot lab and R&D building at Fresh Pond Technology Park in Cambridge’s Alewife section, the first of two projects in the neighborhood designed to lure life science companies.
Boston-based Boylston Properties has selected the Hampton Inn and Suites by Hilton brand for a 145-room hotel at its Arsenal Yards development in Watertown.
The purchase of 20 steel ballast cars by the Massachusetts Department of Transportation will make track work easier and save money on leasing equipment, according to the department.
Leominster Credit Union, Peabody Properties and Reading Cooperative Bank are among those featured in this week’s roundup of organizations giving back to their communities.
Newton-based WS Development has completed a property swap with the Archdiocese of Boston, selling a newly-completed chapel on Seaport Boulevard and acquiring a Northern Avenue site for a future office building.
The Quincy City Council unanimously voted on Tuesday to move forward on the development and reconstruction a mixed-use project.
JACA Architects recently announced the completion of the construction and opening of the new Southcoast Health Urgent Care Center.
Commercial and Industrial Top
- Jack Conway Hires Top Broker To Lead Seaport Growth Strategy
- Archdiocese Buys New Chapel Site In Seaport
- Former Realtor Gets Jail Time For Forgery
- Mixed-Use Project In Quincy Gains Approval
- Rents Begin To Move Again In Boston CBD