Commercial Real Estate News
Housing Report Card Gives Mass. ‘Incomplete’ Grade
Massachusetts is unlikely to meet the Healey administration’s goal for 220,000 new housing units’ completion by 2035, according to a new report analyzing the state of the residential real estate market.
State Street Corp. Expands in Burlington
State Street Corp. committed to keep its suburban offices in Burlington through 2037 with a lease expansion and renewal at The District.
One Exchange Place Gets Financing in Worcester
Worcester’s former police and fire headquarters and a district court building received $14.35 million in financing for a mixed-use conversion.
Steeple Antenna Lawsuit Highlights Hidden Costs for Property Owners
After notice of a $177,000 property tax bill was affixed to its front door, a Dorchester church went to Suffolk Superior Court to challenge an assessment related to a T-Mobile wireless antenna located in its steeple.
Personnel File – No. 426
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Home Depot Replaces Lab Project at Woburn Cinema Property
Woburn’s Showcase Cinema property – previously in play for a lab development – would be redeveloped as a Home Depot store under a proposal by the Atlanta-based home supplies chain.
High Bid of $42M Submitted for Revere Beach Towers
A developer with a large portfolio of multifamily housing in Boston and North Shore communities submitted the high bid for a trio of Revere Beach apartment towers in a bankruptcy case.
Salem Debates Ripple Effect of Waterfront Project
Prime Group wants to redevelop more than half its Shetland Park property into high-end and affordable housing. City officials are debating whether it has responsibility to deter displacement next door.
Change to Condo Conversion Law Doubles Number of Protected Rental Homes
The requirement to compensate tenants displaced by a condo conversion creates a softer landing for households facing the challenges of an unexpected move.
Hot Property: The A.R.T.’s New Home
The David E. and Stacey L. Goel Center for Creativity & Performance will include a 700-capacity theater and 300-seat black box, rehearsal studios and outdoor performance yard.
Why Is America a Nation of ‘No’?
America has become NIMBY Nation, and Massachusetts, where even plans for a two-bit apartment building will draw warnings of environmental doom, is its spiritual heartland.
Massport Deserves Our Praise and Increased Support
Greater Boston’s economy is still struggling to regain its footing across many post-pandemic indicators but one success story is quietly driving the recovery: Massport.
Name Change for NAIOP-MA Reflects Expanded Reach
The region’s largest commercial developers trade group is adopting a new name that better reflects its modern-day focus.
CC&F Starts Spec Development in Woburn
With a $79 million construction loan from Kawa Capital Management, Boston-based Cabot, Cabot & Forbes broke ground on a 180,000 square-foot commercial development in Woburn.
Builders Coalition Summit Nets $16M for Developments
The Builder Coalition’s initial matchmaking event between developers and capital providers yielded approximately $16 million in potential financing for commercial developments.
Law Firm Downsizes in Renewal at 60 State St.
Law firm WilmerHale downsized while renewing a long-term lease at a downtown Boston office tower where it’s been an anchor tenant for nearly a half-century.
Wu Wins, Everett’s Mayor Out: What Boston-Area Elections Mean for Housing
Housing and development were on the ballot in many Greater Boston cities and towns last night, and they seem to have come out on top in many communities.
DivcoWest Adds Back Bay Tower in $125M Deal
DivcoWest made its second big Boston office acquisition of 2025 with the $125 million purchase of a 245,000 square-foot Back Bay tower.
Suffolk Outlines Changes to Newmarket Campus
New England’s largest construction manager has a future project close to home in its pipeline: renovations to its Roxbury headquarters that would create new amenities for employees and visitors while improving security.
Cambridge Lab Development Sold to Phase 3
An award-winning life science development in Cambridge was acquired by Phase 3 Real Estate Partners for $25 million.
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