Commercial Real Estate News
Housing Starts to Fill Up Office Parks
Developers are pursuing plans for nearly 4,000 homes on sites currently occupied by office buildings, and more are in line for empty parcels in the same commercial parks.
There’s Still Hope for Mass. YIMBY Bill, Despite Zoning Reform Fatigue
There are only a few months left to pass a big zoning reform bill in Massachusetts. And so far, the bill has only gotten bigger.
Forgotten in Boston’s Building Bust: Tradespeople Thrown Out of Work
Thousands of union construction workers are taking part-time jobs or heading to other states thanks in part to Mayor Michelle Wu’s policies. Why doesn’t she take it more seriously?
Hot Property: Swingers Back Bay
Back Bay’s newest entertainment venue includes a pair of indoor “crazy” golf courses, multiple cocktail bars, a retro-style gaming and semi-private event spaces for group outings.
BPDA Approves Wentworth Dorm Tower in Mission Hill
Wentworth Institute of Technology received approval for a new 972-bed dormitory housing its entire first-year student body, a project that could relieve off-campus housing pressures in the Mission Hill neighborhood.
564K SF Garage Proposed for Massport Employees
Owners of a Chelsea pre-flight airport parking lot are proposing a 564,000 square-foot parking garage as the first phase of a development at the 23-acre property.
With Study Committee, Mass. Housing Advocates Score Single-Stair Win
Instead of waiting for the Legislature to create a committee that would study how to legalize single-stair multifamily buildings, Gov. Maura Healey moved to create the commission, herself.
Cambridge Apartment Tower Sells for $218M
One of the earliest buildings constructed as part of the Cambridge Crossing neighborhood next to the Lechmere MBTA station has traded hands.
Southline Scores Lease With Tatum-Backed Sports Brand
An athletic training equipment brand backed by professional athletes including Jayson Tatum, Lyndsey Vonn and Patrick Mahomes has committed to a new location at Southline, the former Boston Globe headquarters in Dorchester.
Reluctant MBTA Communities Start to Buckle
In the wake of a lawsuit filed last month by Attorney General Andrea Campbell, some leaders of the holdout towns are starting to openly acknowledge that this may be the end of the road for resistance to the law.
Wu Backs Rent Control, Rejects Citywide Rezoning
Boston Mayor Michelle Wu threw her support behind the November ballot question legalizing rent control in Massachusetts, while rejecting the possibility of Cambridge-style rezoning to legalize denser housing in single-family districts.
Simon Announces Copley Place Revamp Following Neiman Marcus Exit
Simon Property Group will convert Copley Place’s Neiman Marcus department store wing into restaurants and smaller stores following the luxury retailer’s departure in early spring.
Phase 3 Attracts Two Leases at Waltham Lab Building
Two Greater Boston biotechs leased a combined 48,127 square feet at a Waltham life science property owned by Phase 3 Real Estate partners and Bain Capital Real Estate.
New England Development Redesigns Bunker Hill Mall Project
After a four-year hiatus, New England Development submitted a redesign of its plans for 240 apartments at Charlestown’s Bunker Hill Mall property.
Biotech Negotiates Exit from Kendall Square Lab Building
Generation Bio will exit its Kendall Square headquarters since 2018 following its acquisition by an aggregator of drug royalty rights.
New Owner Extends Affordability After Ayer Acquisition
A Braintree developer acquired a 37-building apartment community in Ayer following a campaign by tenant activists fighting rent increases.
Fort Point Offices Trade for $26.3M
The 122,100 square-foot 320 Summer St. was formerly part of software firm LogMeIn’s headquarters.
Rent Control Opponents Sue to Keep Measure Off the Ballot
Rent control opponents have gone to court to try to stop a November ballot question that would impose one of the strictest caps on rent in the country.
Feds Winding Down ARPA-H Research Hub in Cambridge
The Trump administration is planning to wind down a health care innovation hub in Cambridge that’s brought nearly $300 million in funding to Massachusetts.
Inclusionary Zoning Suit Could Reverberate Around Region
A Cambridge developer’s lawsuit over the city’s affordable housing rules could impact policies Boston developers say have stalled new housing there.
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