Commercial & Industrial
Leisure Property Investor Buys Landmark Cambridge Hotel for $227M
By Steve Adams | Banker & Tradesman Staff | Nov 13, 2019 | Reprints | Unlock Link
A private equity fund that specializes in acquisitions of hotels and resorts has bought Cambridge’s Hyatt Regency Hotel for $226.3 million.
Employer Confidence on Upswing in October
By State House News Service | Nov 12, 2019 | Reprints | Unlock LinkConfidence among employers in Massachusetts continued its up-and-down trajectory in October, when the business community felt more optimistic about things.
Harvard Names Finalists for Allston Campus
By Steve Adams | Banker & Tradesman Staff | Nov 12, 2019 | Reprints | Unlock LinkThree developers involved in large commercial projects in Boston and Cambridge are in the running to partner with Harvard University on its Enterprise Research Campus in Allston.
State Seeks Broker for Hynes Convention Center Sale
By Steve Adams | Banker & Tradesman Staff | Nov 12, 2019 | Reprints | Unlock LinkProposals are due Nov. 25 for real estate brokerages seeking to market Boston’s Hynes Convention Center for redevelopment.
Andover Flex Property Sells for $26.25M
Nov 12, 2019 | Reprints | Unlock LinkAn Andover flex facility being used as an advanced research facility has sold for $26.25 million.
Report Offers Ideas to Deal with Climate Change-Driven Extreme Heat
Nov 12, 2019 | Reprints | Unlock LinkFlooding isn’t the only threat Boston faces thanks to climate change: Extreme summer heat is in the forecast as the 21st century grinds on. In response, the Urban Land Institute is proposing a series of interventions to help area cities and developments cope.
Transit-Oriented Development Proposed Near Newburyport Station
By Steve Adams | Banker & Tradesman Staff | Nov 11, 2019 | Reprints | Unlock LinkA North Andover developer is kicking off permitting for a 84-unit apartment complex steps from the MBTA’s Newburyport commuter rail station.
Affordable and Workforce Housing Coming to Outer Cape
By Steve Adams | Banker & Tradesman Staff | Nov 11, 2019 | Reprints | Unlock LinkA Philadelphia multifamily developer has begun leasing 65 units of affordable and workforce housing on Cape Cod in a project that received Community Preservation Act and MassHousing financing.
More MA Kmart, Sears Stores to Close by Feb. 2020
Nov 11, 2019 | Reprints | Unlock LinkMore Massachusetts retail plazas and malls will be losing longtime anchor stores by early next year as Sears Holdings Corp. closes 96 more Kmart and Sears locations across the country.
State Climate Change Bill Expected in 2020, Will Cover Buildings
By State House News Service | Nov 11, 2019 | Reprints | Unlock LinkSenate leaders say a “major” bill that addresses clean energy, clean vehicles and buildings will “probably” come before the state Senate in January of next year.
Personnel File
Nov 11, 2019 | Reprints | Unlock LinkMembers of the banking and real estate industries were on the move in recent weeks. See who’s been hired and promoted in this week’s Personnel File.
Open for Business, or Business as Usual?
By Steve Adams | Banker & Tradesman Staff | Nov 10, 2019 | Reprints | Unlock LinkGov. Charlie Baker’s effort to sell off excess state-owned land for development has faced hurdles. Now, the administration is taking another crack at marquee real estate dispositions in downtown Boston.
Housing Haters Slowly Kill Best Hopes to Tame Home Prices
By Scott Van Voorhis | Banker & Tradesman Columnist | Nov 10, 2019 | Reprints | Unlock LinkAt a time when hundreds of thousands of new homes, condos and apartments are needed to across the Boston area, our best hopes of building our way out of the housing crisis are dying a death of a thousand cuts.
Business Coalition Shows Widespread Support for New Transportation Revenue
By Rick Dimino | Special To Banker & Tradesman | Nov 10, 2019 | Reprints | Unlock LinkA consensus is emerging: More revenue is needed to improve our infrastructure, but also should be designed to influence behavior with an overarching goal of getting cars off the road and increasing the use of public transit.
Rising Rents Drive Investment in Boston Industrial Real Estate
By Michael Hoban | Special to Banker & Tradesman | Nov 10, 2019 | Reprints | Unlock LinkBoston is ranked No. 2 for investor demand by the Urban Land Institute and PwC, and the industrial sector is drawing increasing interest, as limited supply has rents soaring to record levels.
Hot Property: Akamai Headquarters
By Steve Adams | Banker & Tradesman Staff | Nov 10, 2019 | Reprints | Unlock LinkAkamai has opened its new 19-story, 480,000-square-foot headquarters in Cambridge’s Kendall Square following a more than $100 million interior buildout.
Community Good Works
Nov 8, 2019 | Reprints | Unlock LinkFrom banking to the building trades, many gave back to the community this week. See who did what!
South End, JP Condo Projects Begin Presales
By Steve Adams | Banker & Tradesman Staff | Nov 7, 2019 | Reprints | Unlock LinkDevelopers of two new condo projects in South End and Jamaica Plain have announced prices and begun presales in preparation for their completion in 2020.
Gillette Rethinking Real Estate Footprint in Boston and Andover
By Steve Adams | Banker & Tradesman Staff | Nov 7, 2019 | Reprints | Unlock LinkProcter & Gamble is looking to shake up its real estate footprint in Massachusetts including its 34-acre Gillette World Shaving Headquarters campus in South Boston, which has been increasingly surrounded by booming development activity in the past decade.
Small Batch Brewery On Tap for Boynton Yards
By Steve Adams | Banker & Tradesman Staff | Nov 7, 2019 | Reprints | Unlock LinkOwners of a 7-year-old craft beer company are eyeing Somerville’s fast-transforming Boynton Yards neighborhood for their first brick-and-mortar location.
