Commercial & Industrial
Site Work Under Way at West Roxbury Development
Sep 22, 2020 | Reprints | Unlock Link
Callahan Construction Managers has resumed site work in West Roxbury at the site of an 254-unit apartment complex being developed by Lincoln Property Co.
Feds, State Postpone Decision on Allston I-90 Megaproject
By State House News Service | Sep 22, 2020 | ReprintsState and federal officials have not settled on a preferred design for a years-long megaproject in Allston, and are extending the review process to further analyze possible construction layouts and to allow more time for public feedback.
Seyon, Wheelock Partner on $30M Peabody Acquisition
By Steve Adams | Banker & Tradesman Staff | Sep 22, 2020 | Reprints | Unlock LinkA partnership of Wheelock Street Capital and The Seyon Group has made its 27th acquisition of industrial real estate, paying $30.1 million for a Peabody warehouse.
Seaport Developer Switches to Lab-Ready Design
By Steve Adams | Banker & Tradesman Staff | Sep 21, 2020 | Reprints | Unlock LinkThe developer of an 18-story office building in Boston’s Seaport District is adding lab-ready designs to reflect the changes COVID-19 has forced in the commercial real estate market.
Callahan Completes 90-Unit Senior Facility in Hingham
Sep 21, 2020 | Reprints | Unlock LinkCallahan Construction Managers has completed a 90-unit assisted living and memory care facility for LCB Senior Living in Hingham.
Worcester Ballpark-Adjacent Development to Shrink
By James Sanna | Sep 21, 2020 | Reprints | Unlock LinkWorcester officials say a planned five-building development accompanying the under-construction Polar Park AAA baseball stadium will be delayed by a year or more and will lose about half its hotel rooms.
312 Apartments Planned in Downtown Worcester
By James Sanna | Sep 21, 2020 | Reprints | Unlock LinkNew York City developer SilverBrick Group is proposing to buy a Worcester office building from downtown landlord Commerce Assoc. and convert it to 312 units of housing.
Do Well by Doing Good
Sep 20, 2020 | Reprints | Unlock LinkWhile the banking and real estate industries may have played substantial roles in perpetuating racial inequalities in America, that doesn’t mean firms today have to resort to charity to help heal those wounds.
Hot Property: 75 Hayden Ave.
By Steve Adams | Banker & Tradesman Staff | Sep 20, 2020 | Reprints | Unlock LinkFour companies have signed leases for 75 Hayden Ave., a 214,440-square-foot life science facility at the Hayden Research Campus in Lexington.
High Hurdles Remain for Roxbury Developments
By Steve Adams | Banker & Tradesman Staff | Sep 20, 2020 | Reprints | Unlock LinkIn a decade of commercial real estate success in Boston, the Roxbury neighborhood has lagged seriously behind. Could that be changing?
BPDA Misses Mark Rejecting Amazon Delivery Hub
By Scott Van Voorhis | Banker & Tradesman Columnist | Sep 20, 2020 | ReprintsIn Boston, apparently, city officials would rather take the inevitable traffic that will come from Amazon’s push to speed up deliveries while skipping the jobs it would come with.
Nonprofits Seek to Add 437 Apartments at JP Housing Complex
By Steve Adams | Banker & Tradesman Staff | Sep 18, 2020 | Reprints | Unlock LinkA nonprofit development team has unveiled its vision for transforming a portion of one of Boston’s public housing complexes into a mixed-income development, adding 437 apartments in seven new buildings.
Mass. Jobless Rate Tumbles to 11.3 Percent
By State House News Service | Sep 18, 2020 | Reprints | Unlock LinkMassachusetts employers added 51,600 jobs in August as the statewide unemployment rate dropped nearly 5 percentage points, bucking a two-month trend of the Bay State bearing the highest jobless rate in the country.
Cafe and Shared Commercial Kitchen Coming to Sullivan Square
By Steve Adams | Banker & Tradesman Staff | Sep 18, 2020 | Reprints | Unlock LinkA husband-and-wife team that operates a commercial kitchen in Somerville’s Union Square will bring a restaurant and shared culinary workspace to the new Graphic Lofts development in Charlestown.
Mass. Active COVID Case Count Keeps Climbing
By State House News Service | Sep 17, 2020 | Reprints | Unlock LinkThere are more than 300 more active cases of COVID-19 in Massachusetts this week than there were last week and the rate at which new cases are being diagnosed continues to outpace the rate at which people are recovering.
State Makes $3M Available for Commercial Sites Prep
Sep 17, 2020 | Reprints | Unlock LinkDevelopers and public entities can tap into $3 million in funding for site preparation in the latest round of the state’s Site Readiness Program, which provides funding for land acquisition and soft costs related to projects.
Report Forecasts Capital Crisis at MBTA
By State House News Service | Sep 17, 2020 | Reprints | Unlock LinkThe MBTA has made progress increasing the amount it spends on maintenance and modernization, but a business group warns in a new report that funding shortages on the horizon could create a “potentially devastating outcome for public transit.”
Capitalizing Ground-Up Projects ‘Easier’ Today Than Value-Add, Market-Watcher Says
By State House News Service | Sep 16, 2020 | Reprints | Unlock LinkCommercial real estate and development experts said they are confident that the pandemic won’t spell the end of the development boom in and around Boston, but they said they are keeping their eyes on consumer and workforce trends that might reshape their industry.
Roxbury Development Combines Timber Construction and Passive House Sustainability
By Steve Adams | Banker & Tradesman Staff | Sep 16, 2020 | Reprints | Unlock LinkA pending change in the state building code is prompting developers to embrace timber construction for new multifamily projects, including a new proposal for a 34-unit apartment building in Roxbury.
Criterion Acquires Inner Belt Parcels for $10.3M
By James Sanna | Sep 16, 2020 | Reprints | Unlock LinkTexas-based developer Criterion Development Partners has bought a trio of industrial parcels on the Somerville/Boston line for $10.3 million.
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