Commercial & Industrial
Cannistraro Opens Manufacturing Hub in Marine Park
Amid a debate over the future of Boston’s marine park, mechanical contractor Cannistraro is making the argument that industrial companies still have a place in the neighborhood.
Personnel File
Erland Construction, Hanscom Federal Credit Union and Seamen’s Bank are among those featured in this week’s roundup.
Financial Giants Weigh Office Space Decisions
For a sector that’s lately been overshadowed by tech expansion in downtown Boston, the financial service industry is expected to play an outsized role in some of the biggest upcoming lease transactions.
Gridlock Limits Housing Hunt
Posh suburbs and tony neighborhoods regularly record single-family median sale prices of $1 million or more, while the median sale price in Greater Boston has hit a record $612,000.
Hot Property: One Beacon St.
The owners of One Beacon St. have begun construction of an enhanced lobby including an extension of the front of the building toward Beacon Street.
Investing in Infrastructure
Consider the Federal-Aid Highway Act of 1956.
Ready to Begin Union Square’s Makeover
After years of community discussions and uncertainty about the timing of the MBTA Green Line Extension, the billion-dollar redevelopment of Somerville’s Union Square is scheduled to break ground this fall.
Christian Science Church Offers Up More Real Estate
The First Church of Christ, Scientist is putting more of its Boston real estate on the market for a potential neighborhood-changing redevelopment.
Canadian Retailer Launches Massachusetts Expansion
Canadian apparel chain Roots has opened its first Massachusetts store, including a “Sweat Bar” where customers can design and order handcrafted leather bags.
Community Good Works
This week’s roundup comes up all financial institutions, and one CRE firm.
Hub on Causeway Office Tower Could Be Fully Committed
Another suburban tenant is looking for a big chunk of Boston office space, and the latest requirement could fill up the 651,500-square-foot office tower at The Hub on Causeway before construction begins.
Homeless Youth Housing Development Receives Renovations Financing
MassDevelopment has issued a $3.448 million tax-exempt bond on behalf of Harbor Lafayette Homes Limited Partnership in Salem.
North-South Rail Link Study to Be Presented
State officials next week plan to publicly discuss the results of a feasibility study exploring an underground rail link between the North and South station transportation hubs in Boston.
CLF Considers ‘All Options’ on Waterfront Zoning
The state’s top environmental official rejected appeals of new Boston waterfront zoning that would enable The Chiofaro Cos. and the owners of the James F. Hook & Co. lobster pound to redevelop their properties with high-rises, including an approximately 600-foot tower on Chiofaro’s Harbor Garage site.
Landlords, Property Manager Settle False Claim Allegations
Two landlords and a property manager of three Dorchester apartments resolved allegations they submitted false claims to the federal government after receiving impermissible excess rent payments from two low income tenants while participating in a federal housing subsidy program.
Boston Developers Face Increase in Linkage Fees
Developers in Boston are facing an 8 percent increase in per-square-foot fees under a proposal that Mayor Martin J. Walsh’s administration says will leverage the “strong development market” to raise funds for affordable housing and job training.
Greenfield-to-Springfield Run Is Latest Transit Expansion
Passenger rail service between Springfield and Greenfield is now scheduled to begin on a pilot basis in the spring of 2019, state officials announced Tuesday.
Watertown Lab Conversion Hits the Market
A speculative Watertown development which showed off the potential of inner suburbs to absorb life science industry growth is up for sale by developer Boylston Properties.
$201M Acquisition Completes Taurus’ Latest Fund
The $201-million acquisition of a Chicago portfolio has completed Boston-based Taurus Investment Holdings’ latest fund, which specializes in industrial properties.
Berkshire Healthcare Systems to Build Skilled Nursing Facility
Pittsfield-based Berkshire Healthcare Systems will buy an East Longmeadow property and build a 131-bed skilled nursing facility, thanks to a $28 million tax-exempt bond from MassDevelopment.
