Commercial & Industrial
East Cambridge Development Lands First Retail Tenant
By Steve Adams | Banker & Tradesman Staff | May 22, 2019 | Reprints | Unlock Link
Two years after the city of Cambridge banned the sale of non-rescue animals at pet stores, prompting the departure of Petco in East Cambridge, a developer has leased 4,000 square feet to a growing pet retail chain.
Wynn, MGM Call Off Boston Casino Sale Talks Over Local ‘Anxiety’
By State House News Service | May 22, 2019 | ReprintsThe discussions between Wynn Resorts and MGM Resorts around a possible sale of the soon-to-open Encore Boston Harbor casino in Everett are over and Wynn Resorts says it is committed to its Boston-area project.
MassDOT Takes Small Step to Improve Seaport Congestion
May 22, 2019 | ReprintsAmid charges it is bowing unnecessarily to unreasonable State Police demands, the governing boards for the MBTA and the Massachusetts Department of Transportation on Monday backed a plan to let airport-bound Silver Line buses use a dedicated on-ramp into the Ted Williams Tunnel during rush hour.
Springfield’s Tower Square Lands New Office Tenant
May 22, 2019 | ReprintsMassMutual’s investment arm, Barings, is closing its office in Springfield’s Tower Square, and will be replaced by an insurance company.
Apartment Developer Kicks Off $1B Fund With Boston Acquisition
By Steve Adams | Banker & Tradesman Staff | May 21, 2019 | Reprints | Unlock LinkA developer active in Malden Center’s transformation is teaming up with a real estate fund with plans to acquire $1 billion in apartment properties, including its initial investment in a Boston high-rise.
Hub on Causeway Plans Canine Playground In the Sky
By Steve Adams | Banker & Tradesman Staff | May 21, 2019 | Reprints | Unlock LinkOutdoor decks with skyline views and dog play areas are popular amenities in new luxury apartment and condominium developments. A 440-unit tower scheduled to open this fall in Boston puts the two together.
Delay Family Leave Taxes, Business and Labor Groups Say
By State House News Service | May 21, 2019 | Reprints | Unlock LinkState government should approve a three-month delay in payroll taxes needed to fund the new paid family and medical leave program, according to a coalition of business, labor and social justice groups.
State Leaders to ‘Closely Monitor’ Boston Casino Sale Talks
By State House News Service | May 21, 2019 | Reprints | Unlock LinkAmid reports that Wynn Resorts is talking about selling its $2.6 billion casino development in Everett to MGM Resorts, House Speaker Robert DeLeo on Monday said he plans to make sure the interests of the state, Springfield and Everett are front and center in any proposed sale.
24-Acre Analog Property Sold for $28M
By Steve Adams | Banker & Tradesman Staff | May 20, 2019 | Reprints | Unlock LinkThe 24-acre former Analog Devices headquarters in Norwood has been sold for $28 million as the computer chip manufacturer prepares to relocate to Wilmington.
Progressive Lawmakers Launch Counter-Proposals to Baker Housing Bill
By The Associated Press | May 20, 2019 | Reprints | Unlock LinkThe realities of a housing market where affordable homes, condos and apartments are increasingly hard to come by for middle- and low-income residents has prompted numerous proposals on Beacon Hill for spurring housing development. But so far, there’s no consensus.
Real Estate Law Firm Founder Leaves for Proptech Startup
May 20, 2019 | Reprints | Unlock LinkBoston-based real estate law firm Ligris + Associates is losing its founder, Kosta Ligris, to a pair of proptech startups he started.
Mass. Unemployment Dipped Under 3 Percent in April
By State House News Service | May 20, 2019 | Reprints | Unlock LinkThe state unemployment rate last month dropped below 3 percent for the first time since December 2000, falling one-tenth of a point to 2.9 percent.
Personnel File
May 20, 2019 | Reprints | Unlock LinkMembers of the banking, construction and real estate industries were on the move in recent weeks. See who’s been hired and promoted in this week’s Personnel File.
Build for the Future: Chose Sustainable Design in Health Care
By Susie Festel | Special to Banker & Tradesman | May 19, 2019 | Reprints | Unlock LinkThrough careful financial analysis of long-term expenses and costs, health care organizations can quickly see the financial savings of their sustainable design selections add up.
Hot Property: 155 Shepard St., Lawrence
By Steve Adams | Banker & Tradesman Staff | May 19, 2019 | Reprints | Unlock LinkThe next occupant of the former Crown Cork & Seal manufacturing plant in Lawrence will invest over $30 million in building improvements to accommodate a pair of industrial laundries employing 350 people.
Cambridge Thinks Big About Housing Production
By Steve Adams | Banker & Tradesman Staff | May 19, 2019 | Reprints | Unlock LinkCambridge is considering a bold step designed to boost its affordable housing inventory: allow developers to build taller buildings anywhere in the city if they agree to build only 100 percent income-restricted units.
Generational Change at The Fallon Co.
By Steve Adams | Banker & Tradesman Staff | May 19, 2019 | Reprints | Unlock LinkMichael Fallon was appointed president of The Fallon Co., just last month, but the 30-year-old real estate executive is already thinking about the long-term legacy of the Boston-based development company founded by his father Joseph in 1993.
City, Developers Want to Liven Up Downtown Boston
By Scott Van Voorhis | Banker & Tradesman Columnist | May 19, 2019 | Reprints | Unlock LinkThe BPDA has kicked off an intensive planning process to look at the future of downtown Boston, and City Hall’s interest in taking a deep dive on the future of the neighborhood comes as development interest in the area bubbles.
Bulfinch, Partner Buy Piece of MIT Property in $1.1B Deal
By Steve Adams | Banker & Tradesman Staff | May 17, 2019 | Reprints | Unlock LinkMassachusetts Institute of Technology is selling a partial ownership of its 1 Portland St. and 610 and 700 Main St. office and lab buildings to Boston-based Bulfinch Cos. and Harrison Street Capital in a deal valued at $1.1 billion, or $1,626 per square foot.
Wynn In Talks To Sell Everett Casino
By Steve Adams | Banker & Tradesman Staff | May 17, 2019 | Reprints | Unlock LinkAfter agreeing to pay a $35 million fine for misleading state regulators, and just five weeks before a grand opening, Wynn Resorts is in talks to sell its $2.6 billion Encore Boston Harbor casino in Everett.
