Total Absorption

A Banker & Tradesman Commercial Real Estate Blog

Boston’s Latest Battle In The Transportation Revolution

Boston’s Latest Battle In The Transportation Revolution

As I hurried up the east end of the Common along Park Street toward the Statehouse last Tuesday morning, I saw coming over the stairs leading up to Beacon Street a line of blue shirts, upon which I could read, in thin white lettering, “Uber.” “Soldiers,” I thought, “in the transportation revolution.” The blue...

Using Home Prices To Predict The Pats’ Chances

If you’re like most New England sports fans, you’re looking forward to a deep playoff run by the New England Patriots culminating in Tom Brady and Bob Kraft hoisting the Lombardi trophy. While most Las Vegas oddmakers have the Seattle Seahawks as slight favorites to win Super Bowl XLIX Feb. 1 in Phoenix, along...
Why Oct. 23 Is An Important Date In Boston

Why Oct. 23 Is An Important Date In Boston

Oct. 23 is a holiday in Thailand marking the 1910 passing of King Chulalongkorn, but in Boston its significance is mainly limited to land-use circles, as a factor in how high skyscrapers can be built. It’s the date that developers are required to use when calculating the length and duration of the shadows that...

CRE’s Reinvention: From ‘Lone Ranger’ To Data-Driven

You might not make an immediate mental connection between hunter-gatherer societies and the ascent of shared office space, but those were the sort of comparisons being tossed around District Hall in Boston’s Seaport District as tech leaders gathered Thursday. Elie Finegold, a senior VP at CBRE, expanded on the “Disrupt CRE” theme of the...

Watertown Apartment Complex’s Dog Policy:Trust, But Verify

As dozens of new luxury apartment complexes open around Greater Boston, the rental market appears to be getting more pet-friendly. A new Watertown complex is using DNA testing to make sure the grounds remain uncontaminated. Watertown Mews, a 206-unit complex that opened in May at 1 Repton Place, now is 78-percent leased and 46...

Where Innovation Goes, Food Trucks Follow

Food trucks have arrived at the Innovation and Design Building in the Boston Marine Industrial Park as owner Jamestown upgrades amenities for the 1.4 million-square-foot complex’s tenants. A rotating collection of nine mobile food vendors began making the rounds this week, and are stationed on the north side of the building at lunchtime on...

A Golf Community Developer Bets That Bigger Is Better

A golf course community in Ipswich that got mired in the rough during the housing downturn is moving forward with more expansive designs under its second development team. The 311-acre Golf Club of Turner Hill was originally proposed in 2004 by Raymond Property Corp. of Boston. It gained approval for 182 homes, but only...

Searching For Directions To Midtown Boston

It doesn’t easily roll off the tongue of a native, but the “midtown Boston” designation is still in the mix as a marketing tool for the real estate industry. A Google search reveals dozens of condos and luxury apartment listing pages using the midtown address. The MLS Property Information Network even has an official...

As Wayfair Departs, Boston’s 177 Huntington Ave. Gets A Facelift

Adding a lobby-level Caffe Strega by restaurant operator Varano Group is the latest makeover evident at 177 Huntington Ave. as Boston-based Beacon Capital Partners modernizes the 26-story office tower for the next generation of tenants. Online furniture retailer Wayfair will vacate 95,000 square feet on the 12 top floors when it moves to Copley...

How a developer restored the peace in Manchester-by-the-Sea

It’s not quite the affordable units that housing advocates say the region needs more of, but a developer appears to have restored peace to a Manchester-by-the-Sea neighborhood as he builds the Summer Hill development on the former site of one of the North Shore’s seaside estates. Twelve houses starting at $1.6 million are being...

What a drone looks like as it hovers over Downtown Crossing construction site

Yup, that’s a drone hovering over the construction site for the 56-story, $630 million Millennium Tower project at the old Filene’s site (captured by editorial director David Harris). A spokesperson for Suffolk Construction, which is the project manager for the site, says the mini-helicopter isn’t theirs and referred calls to project developer Millennium Partners....

Secret’s Out…

It’s been a well-kept secret that Partners HealthCare has signed a deal for 136,000 square feet of office space at Lafayette City Center, formerly known as Lafayette Corporate Center, in Boston’s Downtown Crossing neighborhood. Not just that, but industry executives close to the deal have told Banker & Tradesman that two high-tech companies currently...