Commercial Real Estate News
Day of Reckoning for Boston’s Lab Market
The region’s historic lab building boom – and subsequent glut – has largely played out. Now, lenders and landlords are looking for alternative uses for their empty buildings.
The Throughline Between Sewer Lines and Housing Projects’ Bottom Lines
In some communities, the sewers are already operating at capacity, seemingly preventing new development from providing fiscal relief. It doesn’t have to be this way.
The Mass. Innovation Economy Has New Competitor to Fear: Ohio
It’s time for Massachusetts to get its competitive mojo back, and fast. From Silicon Valley to Ohio’s Silicon Heartland, everyone else is eating our lunch.
Bringing New Life to Real Estate Relics
Former stables and monasteries presented opportunities for architect John Holland to launch a development business following decades in his family’s construction firm.
How Mass. Should Refocus Pro-Housing Efforts, Post-Rent Control
Together, we must decisively pivot away from the rent control ballot question and redirect our energy towards passing more housing reforms on Beacon Hill.
Hot Property: Shore Haven Falmouth
Located across from Surf Drive Beach in Falmouth, a 21-room hotel under new management features interiors by Boston designers Reider + Co. that are inspired by the Cape Cod landscape.
BPDA Approves $72M Development in Mattapan
The 6-story project at 1590 Blue Hill Ave. would replace an auto repair garage that’s occupied the nearly 1-acre parcel since 1976.
Community Good Works
Boston-based Shawmut Design and Construction’s cycling team completed the 19th annual Pan-Mass Challenge earlier this month. See who else gave back.
More Housing Construction Set to Begin at Devens
MassDevelopment provided $4 million in financing to a homebuilder toward the latest housing project at Devens: a 46-unit mixed-income apartment complex.
Red Sox Lease 100K SF at Samuels’ Fenway Tower
The Boston Red Sox are expanding their real estate footprint in the Fenway with a major lease at an office building developed by Boston-based Samuels & Associates.
Alexandria Lands 160K SF Tech HQ Lease in Andover
In a sign of shifting strategy for the nation’s largest lab landlord, Alexandria Real Estate Equities leased an Andover property to a tech company that will primarily occupy it as office space for up to 400 employees.
Park Square Building Could House Nearly 500 Apartments
The largest planned office to residential conversion in Boston is a Back Bay property acquired through foreclosure in April for $96 million.
Boston Could Mandate Training for Building Security Guards
A proposed law would place significant new training requirements on the unarmed security guards who protect many downtown buildings.
MassDevelopment Names New CFO
The state’s quasi-public economic development agency says it’s hired a new chief financial officer, former senior Healey budget staffer Bran Shim.
Legislature Makes Hot Works Law Pursuit a Summertime Project
Over 12 years after a Back Bay blaze sparked by welders killed two firefighters, the Legislature could finally tighten rules around so-called “hot works.”
WATCH: These Chelsea Affordable Condos Are Built to Build Community
For Banker & Tradesman’s latest building tour, we headed to Chelsea, where an all-affordable condominium development’s design turned a corridor into a quiet community space.
$67M Refi to Fund Upgrades at Pioneering Revere Beach Apartments
An affiliate of a Utah-based real estate investor refinanced the first building in Revere Beach’s recent wave of multifamily properties last month.
Personnel File – No. 453
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Campbell Defends Courthouse Procurement as Developers Seek Investigation
Attorney General Andrea Campbell is backing the state’s controversial Springfield courthouse procurement, calling a legal complaint from losing bidders “nothing more than a fever dream of imagined malfeasance.”
Will MassHousing Get the Investigation It Deserves?
Reports of million-dollar fraud at MassHousing should have everyone demanding a thorough inquiry that holds even the quasi-public lender’s CEO accountable.
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