Alexandria Buys WBZ-TV Studios in Allston
The nation’s largest life science developer acquired the WBZ-TV studio property in Allston, where a large redevelopment including offices, labs and housing was approved in 2022 but has yet to begin
Cracking the Co-Living Code in Boston
Boston’s newest co-living complex opened in January in Allston. And a prominent developer has figured out how to make it work. But city officials have put a pause on more housing developments like this.
HYM Eyes Dot Ave. Development Plans
A new group of investors has closed on a South Boston commercial property that could become part of a larger Dorchester Avenue redevelopment.
Industrial Deals Dropped 26 Percent in Q2
Industrial leasing activity dropped 26 percent during the second quarter, confirming softening in the once-overheated Greater Boston market.
National Development Lands Wayfair, Lowe’s at Former Airfield Project
Redevelopment of a former Raytheon Corp. property in Connecticut will be anchored by Wayfair and Lowe’s, which have leased a combined 2.5 million square feet of distribution space.
National Development Proposes Labs Near Burlington Mall
After adding a hotel and restaurants to The District office park in Burlington, National Development proposes three life science buildings totaling 665,000 square feet to add momentum to the town’s growing lab market.
Next Step in Burlington: Reimagining Mall District
Burlington officials hope to encourage up to 4.4 million square feet of new development and a new series of connections between properties in and around the town’s mall. Area landlords are watching intently.
BPDA Approves Lab Towers at Simmons Campus
The Boston Planning & Development Agency kicked off 2023 with 2.5 million square feet of approvals, including life science projects in the Longwood Medical Area, Allston and South Boston.
Suffolk, Federal Realty Executives Join National Development
Former executives for Boston-based construction firm Suffolk and Federal Realty Investment Trust are joining Newton-based National Development in high-level roles to oversee developments in South Boston and East Hartford, Connecticut spanning 2.2 million square feet.
GE Exiting Fort Point in Downsizing Move
General Electric will vacate its two-building headquarters in Boston’s Fort Point as part of a company-wide downsizing of its real estate footprint.
Question 1 Is Unfair, and Won’t Work
Two leading commercial real estate industry figures say a proposed surtax on the portion of someone’s income over $1 million will push businesses out and hurt many non-millionaires selling homes and businesses.
Medford Begins Process for Wellington Air-Rights Development
The city of Medford is gauging developers’ interest in building a large mixed-use project on up to 28 acres at Wellington station on the MBTA’s Orange Line.
Hot Property: 500 Unicorn Park Drive
Workbar’s newest location provides flexible workspace and amenities ranging from a fitness center to dry cleaning pick-up and dropoff, multiple cafes and a courtyard.
Why Is Wu Excluding Vocal Opponents from Key Real Estate Panels?
In what looks to be an emerging trend, Boston’s mayor is leaning heavily on housing advocates for advice on highly-charged real estate issues, while excluding outspoken critics.
Moving on from Ink Block
National Development opened the doors to 7INK, the last piece of the firm’s landmark Ink Block project that has transformed an industrial stretch of the South End into one of the city’s hottest new neighborhoods.
Housing Expands Redevelopment Plans at WBZ Property
Responding to requests from local elected officials, developers are adding 85 housing units to a proposed redevelopment of WBZ-TV’s Allston studios.
Eli Lilly Picks Seaport Development for $700M Research Institute
A high-profile development site on Boston’s Fort Point Channel will become the home of a new $700 million Eli Lilly and Co. life science research institute.
BPDA Approves 1.1M SF Iron Works Development, New BFIT Campus
A 1.1-million-square-foot development will remake over 5 acres on South Boston’s Dorchester Avenue with four towers containing labs, housing and retail space.
Hot Property: Castle Island Brewing Co.
Boston’s newest brewing and tasting room retains the 18-foot ceilings and exposed concrete of an early 20th-century industrial building that’s part of the Iron Works mixed-use development.
Home Ownership Push Proves Easier Said than Done
Roy Avellaneda, president of the Chelsea City Council, thought his idea was pretty straightforward: Impose a five-year moratorium on construction of new rental properties in the city to give councilors time to re-write zoning laws to promote home ownership.
