Commercial & Industrial
Designing to Make a Difference
A bank renovation project launched Gregory Minott’s entrepreneurial career at age 18 and piqued his interest in architecture. Now, leading Boston’s DREAM Collaborative, he’s trying to build new pathways for Black professionals in architecture and more inclusive city planning.
Next Stop, Wellington?
A major Medford landlord is building out spec lab suites in a 1989 office building, while another developer is proposing a speculative life science tower and city officials are reviewing zoning for taller building heights.
Hot Property: 41 Seyon St.
Cambridge-based Generation Bio will build out a cGMP facility in Waltham after leasing over 100,000 square feet from the developers that acquired the property in December 2020.
Banker & Tradesman’s Editorial Cartoon: Test-Tube Pizza?
Some things about a property just linger around even after it’s been redeveloped, like the ghost of pizzas past.
Can Michelle Wu Have It Both Ways on Development?
The front-runner in the Boston mayoral race has big plans for transforming Boston. But big plans require big money – the kind only created by rising tax receipts from new development.
40B Development Breaks Ground in Woburn
A 168-unit apartment complex approved under the Chapter 40B affordable housing law is set to begin construction in Woburn with developers targeting a completion date in late 2022.
Baker Exploring Vaccine Verification Options
Gov. Charlie Baker he stopped just short of saying that some kind of vaccination verification system – sometimes called a “vaccine passport” – will be coming to Massachusetts in a radio interview Thursday.
After Objections, Developer Redesigns North End Hotel
Responding to objections from North End residents and a city councilor, the developer of a proposed 140-room hotel unveiled redesigns and a restriction that only hotel guests be allowed to use the 285-seat rooftop restaurant.
King Street Expands Horizons with $1.5B Brookfield Investment
A $1.5 billion investment from Brookfield Asset Management will fuel Boston-based life science developer King Street Properties’ expansion into new markets including the West Coast.
New Investor Joins Cambridge Courthouse Project
The 475,000-square-foot Sullivan Courthouse redevelopment in East Cambridge will be ready for occupancy in fall 2023 after the addition of a new investor, developers said.
UPDATED: Wu, Essaibi George Win Spots in General Election
Both candidates say they have taken top spots in the preliminary election to be Boston’s next permanent mayor, and their challengers have all conceded.
OK’d Development Would Ease Environmental Justice ‘Disaster’ in Newmarket
A 191-unit multifamily development behind the South Bay Center won plaudits as a model for environmentally-friendly designs amid a sea of asphalt-covered properties.
ARPA Spending Bill in Works for the Fall
Passing a bill to spend some of the federal funding allocated to Massachusetts through the American Rescue Plan Act before the Thanksgiving holiday is a “reasonable” goal, House Speaker Ronald Mariano said Monday.
Developer Opens New Downtown Quincy HQ
As it prepares to break ground on a $120 million development in downtown Quincy, developer LBC Boston is settling into a new home in the City of Presidents.
Healthpeak Snaps Up 10-Acre Cambridge Portfolio for $180M
A real estate portfolio spanning nearly 10 acres in the transforming Quadrangle section of West Cambridge is under new ownership following a $180-million transaction.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s the latest edition of Banker & Tradesman’s Personnel File.
Manchin Won’t Support $3.5T Infrastructure Deal
As congressional Democrats speed ahead this week in pursuit of President Joe Biden’s $3.5 trillion plan for social and environmental spending, including climate change mitigation and adaptation money, a Democratic senator vital to the bill’s fate says the cost will need to be slashed to $1 trillion to $1.5 trillion to win his support.
Leased Manufacturing Property Trades for $14M in Malden
Boston-based Eastern Real Estate has sold a Malden property leased to a jet engine component manufacturer for $14.1 million.
Boston Mayor Hopefuls Stump Ahead of Preliminary Election
Candidates for Boston Mayor are making a last pitch to voters ahead of the city’s preliminary election on Tuesday.
Developers Look Beyond Labs for Value Investments
Dozens of commercial developers have shifted their focus to lab projects amid the boom, others see overlooked opportunities in the industrial market’s R&D and flex space.
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