Commercial & Industrial
Just three months after announcing a new 243,000-square-foot headquarters for 2,000 employees at Cambridge Crossing, Philips North America is reportedly committing to nearly 100,000 square feet more in the speculative development.
Among the 1,400 amendments to the House’s fiscal 2019 budget is a proposal to create a new grant program intended to help schools boost early literacy.
Police in Massachusetts are warning residents to watch out for a person posing as a city employee in order to steal from people’s homes.
Freedom Credit Union, Skanska and Walpole Co-operative Bank are among the organizations giving back to their communities in this week’s roundup.
Greater Boston’s growing tech economy is acting as a catalyst for commercial real estate investment, with the region topping Silicon Valley and 11 other global markets categorized as “innovators” in a new JLL report.
A 28-acre property including the New England offices of the Army Corps of Engineers has been sold for $11 million to Azad Legacy Partners LLC, a Lexington-based developer.
MBTA violated the law by failing to publicly bid construction of a new parking garage at the North Quincy MBTA station, according to a new ruling from the attorney general’s office.
A real estate fund affiliated with the AFL-CIO has acquired the ground lease on 177 Huntington Ave. in Boston’s Christian Science Plaza for $137.5 million.
MassDevelopment has issued a $6.9 million tax-exempt bond for Somerville Community Corp. Inc., a nonprofit that supports low- and moderate-income Somerville residents by promoting and preserving affordable housing.
Alexandria Real Estate Equities owns 22 million square feet of commercial real estate and has a nearly 8 million-square-foot development pipeline, with a concentration on tech and life science tenants in seven U.S. markets including Greater Boston.
Italian casual dining chain Bertucci’s has filed for Chapter 11 bankruptcy protection and closed 15 restaurants.
Acella Construction Corp., Saam Architecture and The Cooperative Bank of Cape Cod are among the organizations featured in this week’s roundup.
The rise of Amazon and ecommerce is fast turning into an extinction level event for malls, which now face the same fate as all the neighborhood stores and shops they once shuttered on Main Street. And our own bevy of retail bazaars here in Massachusetts is hardly immune to the pressures
25 Thomson is highly competitive in the Boston market and has been effectively positioned as an ideal place for growing tech-based companies in the city’s hottest neighborhood.
Somerville’s Assembly Row is straining against the limits of its parking capacity as MBTA riders take advantage of 2,100 spaces near the 3-year-old Orange Line station, while shoppers check out 20 new shops and restaurants opening this year. “It was a free-for-all for anyone and everyone coming to Assembly Row, including people jumping on the Orange Line and working in Boston for eight hours,” said David Middleton, Assembly Row’s assistant general manager.
Vanity, after all, is often what pushes architects and designers to do their very best work. If you’re not trying to stand out and be the best, how could you possibly distinguish yourself and set your work apart?
Seattle-based Slalom Inc. will consolidate its Boston office space with a 30,075-square-foot lease at 399 Boylston St.
Shawmut Design and Construction held a topping off ceremony this week at The Barn, a new 26,000-square-foot mixed-use building at Belmont Day School.
After raising $150 million in an initial public offering last fall, CarGurus Inc. is poised to expand its office footprint in booming East Cambridge.
The Seyon Group of Boston has acquired a 350,000-square-foot warehouse in Mansfield for $38.5 million.
This Week’s Poll
Commercial and Industrial Top
- Army Corps Offices Sold for $11M to Lexington Developer
- Italian Restaurant Chain Bertucci’s Files for Bankruptcy
- AG: MBTA Failed to Publicly Bid Construction of North Quincy Parking Garage
- Citizens Closes Marijuana-Related Accounts; CA Proposes State Bank
- Personnel File