Commercial & Industrial
Hot Property: 150 State St.
A renovation and addition project by Nauset Construction has created four floors of office space and a three-story Japanese restaurant at 150 State St. in downtown Boston.
A Tax Treat for Multifamily Investors
A federal stimulus program designed to encourage investment in economically disadvantaged neighborhoods is likely to deliver tax savings to investors in multifamily developments, particularly in Massachusetts’ working-class cities and suburbs.
Oh, Those Courageous Councilors!
Our elected leaders are wary of confronting this ingrained NIMBY sentiment that stifles new housing construction and keeps prices trending ever upwards.
Boston’s Development Needs Mitigation. Try Bus Lanes.
Instead of demanding less density from developers – or worse, more parking – more communities should follow the example of towns like Arlington.
Developer Gets $150M For West Cambridge Spec Project
A $150-million loan from Citizens Bank will kickstart construction of a long-anticipated expansion of the 27-acre Cambridge Discovery Park.
PUMA Moving Headquarters To Assembly Row In 2021
Somerville’s Assembly Row has landed another high-profile corporate tenant with PUMA North America’s lease of 150,000 square feet, representing 50 percent of the new office building under construction at 455 Grand Union Boulevard.
BPDA Approves 559 Housing Units
Multifamily development projects totaling 559 residential units in Mattapan, East Boston, South Boston and the Fenway were approved Thursday by Boston Planning and Development Agency directors.
Ohio Developer Breaks Ground On First Bay State Project
Ohio-based developer NRP Group has broken ground on The Rockwell, a 204-unit apartment complex in Worcester County for its first Massachusetts project.
City Selects Planner For Boston Common Upgrades
Weston & Sampson will lead the creation of a new master plan for Boston Common funded with proceeds from sale of the Winthrop Square garage.
Community Good Works
Members of the real estate, construction and banking industries made valued contributions to their communities this week.
Stop & Shop Will Debut Driverless Grocery Delivery in 2019
Stop & Shop will launch a new grocery delivery in Boston later this year, using remotely piloted vehicles customers can summon with an app.
Springfield Apartment Tower Gets $50M Investment from State
A downtown Springfield affordable apartment building is getting a $50 million investment from the state for renovations and the preservation of nearly 500 affordable housing units.
South Boston Office Building Sells for $33.5M
An office building near South Boston’s Andrew Square Red Line MBTA stop has sold for $33.5 million.
Fall River Pot Shop Cleared to Open
Massachusetts and eastern Rhode Island marijuana consumers could have another retail store to patronize as soon as Sunday.
Boston Fed Reports ‘Modest to Moderate’ Economic Growth
Economic activity in the Greater Boston region recently expanded at a modest to moderate pace amid signs of slowing growth, according to the latest observations of the Federal Reserve Bank of Boston.
Arsenal Yards Signs First Life Science Tenant for 63K SF
A life science startup that recently received $72 million in venture funding is the first tenant to lease lab space at Watertown’s Arsenal Yards.
Recreational Cannabis Dispensary Announces First Boston Location
Boston officials have approved the city’s first recreational cannabis dispensary for a multi-story commercial building located less than a block from North Station.
Developer Gets $115M to Revamp NECCO Factory
The owners of the largest block of available industrial space in Massachusetts have refinanced their debt with a new $115 million bridge loan to pay for future capital projects and tenant improvements.
Gaming Revenues Up in Springfield, Down in Connecticut
After a down month in November, gaming revenues at Massachusetts’ two casinos rebounded in December, delivering nearly $12.3 million to the state in taxes.
Boston Picks Jazz Club for Retail Space in City School Headquarters
Roxbury’s commercial heart is getting a new entertainment venue, a jazz club to be located in the Boston Public Schools’ headquarters building in Dudley Square.
