Commercial & Industrial
Seaport District Lands Big Life Science Headquarters
By Steve Adams | Banker & Tradesman Staff | Jul 18, 2019 | Reprints | Unlock Link
Cambridge-based Foundation Medicine has signed the biggest commercial lease in Boston’s Seaport District in eight years, consolidating 1,100 employees at 400 Summer St. and giving new momentum to the neighborhood’s growing life science cluster.
Hotel and Affordable Housing Proposed in South Cove
By Steve Adams | Banker & Tradesman Staff | Jul 18, 2019 | Reprints | Unlock LinkA hotel, new Chinatown branch of the Boston Public Library and 171 income-restricted housing units would be part of a new South Cove development that fulfills Millennium Partners’ affordable housing obligations from its Winthrop Center tower.
Boston Mayor Lobbies Legislators to Add Public Defenders to Housing Court
By State House News Service | Jul 18, 2019 | Reprints | Unlock LinkBoston Mayor Marty Walsh returned to Beacon Hill on Tuesday to testify before one of his former committees on a bill that would direct the state to provide low-income tenants who are facing eviction with a court-appointed attorney for the eviction proceedings.
Raffles Hotel Names Lender and Equity Investor
By Steve Adams | Banker & Tradesman Staff | Jul 16, 2019 | Reprints | Unlock LinkCain International is partnering with the local developers behind the $400 million Raffles Boston Back Bay Hotel & Residences, which will replace the former Boston Common Hotel and Conference Center at 40 Trinity Place.
Everett Casino Generates $4.2M in Tax Revenue in Opening Week
Jul 16, 2019 | Reprints | Unlock LinkIn the first eight days that Encore Boston Harbor was open, gamblers wagered more than $93.5 million on the slot machines alone at the Everett casino and the Wynn Resorts operation counted $16.79 million in total revenue, or more than $2 million a day.
Winn’s Purchase of Peabody Housing Community Will Preserve Affordability
Jul 16, 2019 | Reprints | Unlock LinkWith $49.3 million in affordable housing financing from MassHousing, WinnCos. will preserve affordability for lower-income households at The Tannery in Peabody for another half-century.
Lab-Ready Development Site Sold for $80M
By Steve Adams | Banker & Tradesman Staff | Jul 15, 2019 | Reprints | Unlock LinkA 1-acre South Boston industrial property approved for 250,000 square feet of office and lab space has been sold to Tishman Speyer for a potential speculative development.
Housing May Be Dropped from Southie Power Plant Redevelopment
By Steve Adams | Banker & Tradesman Staff | Jul 15, 2019 | Reprints | Unlock LinkMultifamily housing may be dropped from the proposed redevelopment of the former Boston Edison power plant property, developers said as they prepare to submit revised plans to the Boston Planning and Development Agency.
129 Units of Luxury Retirement Living Approved in Framingham
Jul 15, 2019 | Reprints | Unlock LinkA 129-unit, 55-plus luxury residential townhome community has been approved in North Framingham.
Community Good Works
Jul 15, 2019 | ReprintsBanks, contractors and tech firms team up this week to support children living in poverty and LGBTQ youth.
Personnel File
Jul 15, 2019 | ReprintsFinance and real estate professionals are making moves and receiving recognition across Massachusetts this week.
A Vision to Create Value
By Steve Adams | Banker & Tradesman Staff | Jul 14, 2019 | Reprints | Unlock LinkJonathan Davis has developed office buildings, lab space and multifamily housing in Greater Boston during up-and-down real estate cycles since the mid-1970s. In Davis’ view, the latest building boom has a key distinction that sets it apart from previous eras: demand for new commercial space and
The Convention Business’ Future is in Everett, Not Boston
By Scott Van Voorhis | Banker & Tradesman Columnist | Jul 14, 2019 | Reprints | Unlock LinkEverett’s big win landing the Encore Boston Harbor casino promises to be a gift that will keep on giving for many years to come, with the resort set to become a player in the competition to host corporate meetings and conventions.
Hot Property: McCall & Almy Offices
By Steve Adams | Banker & Tradesman Staff | Jul 14, 2019 | Reprints | Unlock LinkAfter more than two decades at 1 Post Office Square, tenant advisory brokerage McCall & Almy relocated on July 1 to 100 Federal St.
Finding Opportunity in Philanthropy
By Ryan LaVangie | Special to Banker & Tradesman | Jul 14, 2019 | Reprints | Unlock LinkIt’s the rare company that has not donated financially toward a community project, but the positive impact a local business can make by contributing in other ways can extend far beyond the occasional novelty check.
Developers Keep Up the Pace
By Steve Adams | Banker & Tradesman Staff | Jul 14, 2019 | Reprints | Unlock LinkDowntown and transit-oriented workspaces remain in vogue. Life science is spreading to the Seaport. Class A office space is expanding in Somerville. And a giant blank slate awaits a verdict on its future on the East Boston-Revere border. Following a busy second quarter, commercial development in Greater Boston seems positioned to keep up its whirlwind pace for the remainder of 2019.
Suffolk Downs Lender Backs Somerville Lab Project
By Steve Adams | Banker & Tradesman Staff | Jul 12, 2019 | Reprints | Unlock LinkThe lender behind the $155 million Suffolk Downs acquisition has made its second major deal in Greater Boston, furnishing a $140 million loan for a speculative office and lab building in Somerville.
Fidelity Set To Revamp ‘Inhospitable’ Seaport Offices
By Steve Adams | Banker & Tradesman Staff | Jul 12, 2019 | Reprints | Unlock LinkFidelity Investments will begin revamping its 750,000-square-foot Seaport World Trade Center office complex next year, consolidating office and meeting space and adding new outdoor amenities and retail space.
Downtown Law Firm Relocating on Monday
By Steve Adams | Banker & Tradesman Staff | Jul 12, 2019 | Reprints | Unlock LinkMonday is moving day for 250 lawyers and staff at a downtown Boston law firm that’s relocating to a more collaborative workspace in the Financial District.
Kaplan Construction Leads Construction and Renovations in Holyoke
Jul 11, 2019 | Reprints | Unlock LinkNewton-based Kaplan Construction will lead a renovation and construction project for 229 units of mixed-income housing at the Holyoke Farms property in Holyoke.
