Steve Adams

Steve Adams

Banker & Tradesman Staff

Steve Adams can be reached at
Allston Station

Allston Station Delay Raises Alarms

The bombshell news that a large public transit hub in Allston planned as part of the Massachusetts Turnpike’s realignment won’t be completed until as late as 2040 is prompting calls for new funding sources to fast-track the project.

Harbor Place

Hot Property: December 12, 2017

With the design of this environment, our team’s primary objective focused on establishing a pedestrian-friendly, transit-oriented destination that connects the community to the Merrimack River, Haverhill’s greatest resource.

Akamai HQ

Skip The Elevator And Take A Walk Up The ‘Aka-Mile’

Many tech companies prefer converted industrial spaces with sprawling floor plates that lend themselves to open-format workspaces. That wasn’t an option for Cambridge-based Internet giant Akamai, though, after committing to a 19-story build-to-suit office tower to replace its six Kendall Square office buildings.

Kenneth Munkacy

No Stranger To The Multifamily Market

Ken Munkacy leads newly established Kingbird Properties, the Boston-based U.S. subsidiary of Puerto Rican family conglomerate Grupo Ferré Rangel. Tracing its roots to the founding of the El Nuevo Dia newspaper in 1909, San Juan-based Grupo Ferre Rangel has expanded into the marketing, digital media and health care industries including a portfolio of apartment properties in the Columbus, Ohio and Indianapolis metros. Kingbird Properties will continue that investment strategy, with plans to acquire 5,000 units in secondary and tertiary markets over the next two years. A former New Boston Fund executive, Munkacy most recently was a senior managing director at Boston-based GID Investment Advisers.

Ballardvale Portfolio

Hot Property: November 27, 2017

With rents increasing throughout the Boston market, these properties are well positioned to offer the region’s innovative tenants high-quality flex, light manufacturing and office space at a lower price point than other suburban markets, while still offering easy commuting access and an attractive work environment for today’s workforce.

Just one unit remains on the market as conversion of the former Beacon Press offices on Beacon Hill into luxury condos nears completion.

Beacon Hill Conversions Pay Off

Not all luxury condominiums in Boston need to offer high-rise views or celebrity chef-run eateries to garner prices approaching $2,000 per square foot. On Beacon Hill, developer Chevron Partners is targeting a more discreet and, some would say, traditional Bostonian clientele as it wraps up conversion of the former Beacon Press offices into multimillion-dollar residences.