Commercial & Industrial
Muni Leaders Plead Legislature for ARPA Money
Municipal leaders urged lawmakers on Friday to revive Gov. Charlie Baker’s proposal to allocate billions of dollars in federal pandemic relief to downtown revitalization and other projects in the next five weeks.
Personnel File – No.292
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Will Fed’s Move Shut Down Housing Pipeline?
The Federal Reserve’s largest interest rate hike in nearly three decades likely will put a kink in Greater Boston’s housing pipeline, increase apartment rents and weed out some development firms.
New Luxury Projects Rise Amid Aging Housing Stock
It wasn’t all that long ago that Boston’s luxury housing ecosystem centered on Back Bay and Beacon Hill. Now, competition with lab developers has ushered in a new crop of submarkets for high-end housing – including some that might surprise you.
As Rates Rise, Condo Market Loses Momentum
This year got off to a strong start and we even had a scattering of suburban-esque bidding wars, but it hasn’t been all fun and games for every developer. However, a significant decline in transaction volume in luxury neighborhoods is cause for concern.
Letter to the Editor: Don’t Sugarcoat the Bitter Truth About TOPA
The Small Property Owners Association disputes the TOPA Coalition’s duplicitous defense of TOPA as a “good housing policy” in its June 19 column in Banker & Tradesman.
Sudbury Signifies Residential Revival at Government Center
Some feared the urban metropolis would never recover from the pandemic. But National Real Estate Advisors and HYM Investment Group’s bullish stance on Boston’s resiliency proved the better prognosis.
Boston’s High Spine Has a New Neighbor
Boston is a city rich with history. For many, this is what makes it so special. So developing a new luxury tower at the intersection of two historic neighborhoods came with its own set of challenges and unique solutions.
Hot Property: Cambria Boston Somerville
Online arts magazine Vanyaland will produce a series of live performances and has curated playlists from local musicians in the common areas and private function rooms at Somerville’s newest hotel.
Connectivity Is Key at Latest Assembly Row Development
Millennials’ preferences translates into a multifamily trend for new residential buildings to be defined not from specific finishes and building amenities, but by the entire experience of living there.
Minority-Owned Development Firm Makes a Difference in Worcester
A Wellesley College poet and philosopher’s dream of redeveloping a Worcester property scored a tax benefit triple-play for The Menkiti Group, his son’s real estate development firm.
The Personal Touch in High-End Design
His architecture firm has grown to more than 30 employees and expanded its commercial work, but David Hacin likes to keep a hand in the design of Boston’s distinctive residences.
Greystar Launches Lab Pipeline in Somerville
The nation’s largest apartment developer chose Somerville for its entry into life science development, kicking off its first project in the emerging Assembly Square lab cluster.
MBTA, Developer Trade Blame Over Tunnel Damage
MBTA shuttle buses are replacing Orange and Green Line service in portions of downtown Boston and Cambridge after the transit agency said the Bulfinch Crossing development has caused structural weakness to the underground tunnels.
Powell: Fed Aims to Avoid Recession But Says it’s Possible
Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession.
Developers Propose 206-Unit Apartment Building on Comm. Ave.
A partnership of Benenson Capital Partners and Hines seeks to redevelop a commercial property in Brighton as 206 apartments in a 183,800-square-foot building.
JLL Adds Multifamily Brokerage Team in Boston
JLL Boston is launching a new investment sales team to tap into Greater Boston’s multifamily sector, which topped $4 billion in sales activity last year.
Mass. High Court Keeps Millionaire’s Tax On the Ballot
The Supreme Judicial Court rejected business groups’ latest legal challenge to the blockbuster ballot question asking voters if they support a new surtax on household income above $1 million.
Battery ‘Failure’ Sidelines All New MBTA Trains
Add battery mishaps to the growing list of problems that have plagued the MBTA’s newest subway additions.
Sullivan Square Loft Complex Sold for $96.3M
A Denver investor paid $96.3 million for a Sullivan Square property that was the site of an industrial-to-residential conversion by Boston-based Berkeley Investments.
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