Commercial & Industrial
Tax Benefits for Gateway Cities Projects Abound
By Christopher R. Vaccaro | Special To Banker & Tradesman | Jan 26, 2020 | Reprints | Unlock Link
Real estate investors should pay special attention to downtown areas of Brockton, Fitchburg, Lowell, Lynn and Worcester, where overlapping HD zones and Opportunity Zones are within walking distance of commuter rail stations.
A Road Map to Revitalizing Downtown Fitchburg
By Steve Adams | Banker & Tradesman Staff | Jan 26, 2020 | Reprints | Unlock LinkFrancisco Torres is working with Fitchburg restore vitality and bring more foot traffic to its downtown, helping potential retail tenants seek lease subsidies and providing developers with advice on converting vacant buildings into housing.
Others Can Learn from Gateway Cities’ Formula for Success
By Karyn Polito, Mike Kennealy and Lauren Liss | Special to Banker & Tradesman | Jan 26, 2020 | Reprints | Unlock LinkGateway Cities hold tremendous promise as regional economic anchors. Early successes in Gateway Cities can guide other communities across the commonwealth as they strive to achieve local economic development priorities.
After Wayfair Win, Pittsfield Asks: What’s Next?
By Jay Fitzgerald | Jan 26, 2020 | Reprints | Unlock Link“It’s about a slow but steady transformation. It’s almost like a formula. Keep up with the current businesses you have. Promote the ‘cultural economy.’ Try to attract new businesses.”
Density Must Be Part of Massachusetts’ Climate Strategy
Jan 26, 2020 | ReprintsTop legislators and activists were over the moon when Gov. Charlie Baker proposed making Massachusetts carbon neutral in 30 years, but they can’t forget that density has to be a key component of how we get there.
Could Boston Office Rents Hit $100 Per Square Foot?
By Scott Van Voorhis | Banker & Tradesman Columnist | Jan 26, 2020 | Reprints | Unlock LinkAfter decades as a supporting cast member amid an epic surge of development, Boston’s office market is poised to take center stage over the next couple years, with record-breaking rents and a mini-surge in new tower construction.
Stakeholders Put Heads Together on Private Investment Opportunities
By Matthew Osborne | Special to Banker & Tradesman | Jan 26, 2020 | Reprints | Unlock LinkCore to Eastern Bank’s mission to the “less-served” is a decades-long commitment to our Gateway Cities, leading the bank to support The Brockton Partnership, a privately funded group that brings together local business leaders to support the city’s revival.
Help for Gateway Cities’ Retail Environments
By Joe Kriesberg and Ben Forman | Special to Banker & Tradesman | Jan 26, 2020 | Reprints | Unlock LinkIn Gateway Cities, retail vacancy presents a major challenge. Older buildings lack modern infrastructure and rarely conform to current codes. Convincing building owners to make costly upgrades is difficult. Fortunately, Massachusetts has little-known tools that are just right for this job.
Monetizing Zero-Carbon Retrofits on Residential Investment Properties
By Doug Quattrochi | Special to Banker & Tradesman | Jan 26, 2020 | ReprintsMassachusetts investors who retrofit zero-carbon technologies will both help fight climate change and realize short-term returns.
New Building Techniques at Quincy School Project
By Ken Johnson | Special to Banker & Tradesman | Jan 26, 2020 | Reprints | Unlock LinkIn order to adapt to current teaching methodology and the environmental and societal influences educators and students face, local communities are revisiting how schools are designed and constructed.
Worcester Lures Pharma Manufacturing at the Reactory
By Steve Adams | Banker & Tradesman Staff | Jan 26, 2020 | Reprints | Unlock LinkAs biotechs bring more products to market, Massachusetts hasn’t kept pace in the growth of its advanced manufacturing space to enable them to grow in their backyards. Now a former state hospital property in Worcester is making a bid to put central Massachusetts on the map as an affordable option.
Lynch Gets 40-Month Sentence in City Hall Bribery Case
By Steve Adams | Banker & Tradesman Staff | Jan 24, 2020 | Reprints | Unlock LinkA former Boston real estate official was sentenced to 40 months in prison for tax evasion and taking a bribe from a developer to influence a zoning board of appeals decision.
Community Good Works
Jan 24, 2020 | Reprints | Unlock LinkMembers of the building trades, the banking industry and the real estate industry donated their time and money in ways big and small to their communities recently.
Owners Want to Redevelop Cambridge’s Middle East Nightclub
By Steve Adams | Banker & Tradesman Staff | Jan 24, 2020 | Reprints | Unlock LinkThe Middle East nightclub property that’s been a focal point of the live music scene in Cambridge’s Central Square since the 1980s is on the market as the owners seek redevelopment opportunities.
Cambridge Crossing Gets $434M in Financing
Jan 24, 2020 | Reprints | Unlock LinkDeveloper DivcoWest has received $433.8 million in construction financing for a pair of new buildings at Cambridge Crossing, including a 479,000-square-foot speculative office, lab and retail building on parcel EF.
Bill Would Require Carbon Pricing for Commercial Buildings by 2025
By State House News Service | Jan 24, 2020 | Reprints | Unlock LinkThe Massachusetts Senate next week plans to take up a far-reaching package of climate bills whose major components include carbon-pricing mechanisms for transportation, homes and commercial buildings.
Newton Corner Office-Retail Property Refinanced
Jan 23, 2020 | Reprints | Unlock LinkA Newton Corner office building and home to one of Greater Boston’s top-rated buffalo wing joints has obtained $13 million in refinancing from Eastern Bank.
Chiofaro’s ‘Pinnacle’ Rekindles Battle over Building Heights
By Steve Adams | Banker & Tradesman Staff | Jan 23, 2020 | Reprints | Unlock LinkThe kickoff of formal review of a 865,000-square-foot office and residential tower at what developer Chiofaro Co. describes as “Boston’s front door to the world” is rekindling the battle over building heights on Boston Harbor.
Amherst Shopping Center Sells for $18.45M
Jan 23, 2020 | Reprints | Unlock LinkAn Amherst shopping plaza anchored by a supermarket and a pharmacy has sold for $18.45 million.
First Phase of Large Morrissey Boulevard Project Proposed
By James Sanna | Jan 23, 2020 | Reprints | Unlock LinkA Lexington developer is proposing to build two mid-rise towers on the site of a former television studio on Dorchester’s Morrissey Boulevard.
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