Commercial
real estate
news
- As Sustainability Deadlines Loom, Here's What Measures Boston Developers Are Taking To Get Aheadby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 24, 2024
Deadlines are looming for Boston developers and landlords as they struggle to meet the city's sustainability goals. As public officials move forward with the first deadline for Boston's Building Emissions Reduction and Disclosure Ordinance 2.0, property...
- Alexandria puts $155M toward South Boston life science ‘mega campus’by Bizjournals.com Feed (2024-03-19 20:44:08) on April 24, 2024
The life science giant has formed a joint venture to redevelop a stretch of Dorchester Avenue into potentially more than 1 million square feet of life sciences space.
- SPECIAL REPORT: Real Estate Lenders Are Missing The Chance To Make Borrowers Cut Carbonby maddy.mccarty@bisnow.com (Bisnow News Feed) on April 24, 2024
- Boston CRE Raises Alarm As Mayor Wu Proposes Sharp Increase in Commercial Property Taxesby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 23, 2024
Mayor Michelle Wu's proposal to increase commercial property taxes is already generating intense criticism from Boston's real estate sector. In March, Wu unveiled plans to file a home rule petition that would hike commercial property taxes as a way to...
- Retailers' shifting real estate strategies prompt more questions for downtownsby Bizjournals.com Feed (2024-03-19 20:44:08) on April 23, 2024
The challenges facing America's downtowns are frequently linked to the staggering amount of empty office space sitting in towers. But another important segment of the downtown revitalization conversation is how to fill a growing amount of vacant retail space in cities across the country.
- Former Barnes & Noble in the Prudential Center to become an athletic clubby Bizjournals.com Feed (2024-03-19 20:44:08) on April 23, 2024
The former Prudential Center Barnes & Noble bookstore is slated to become the area’s latest location by the athletic club Life Time.
- Bozzuto Sues Design Firm Over Errors On Boston-Area Project It Says Caused $3M In Damagesby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 23, 2024
An affiliate of multifamily giant Bozzuto has sued a Boston-based design firm over dozens of design errors the developer alleged occurred at a mixed-use development in North Quincy. The Maryland-based company said it incurred more than $3M in damages...
- Quincy developer’s lawsuit blames Boston design firm for ‘series of failures’by Bizjournals.com Feed (2024-03-19 20:44:08) on April 23, 2024
A Bozzuto affiliate has sued Boston-based ICON Architecture over what the real estate firm alleges are dozens of design errors at a large mixed-use development next to the North Quincy MBTA station.
- This Week's Boston Deal Sheetby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 22, 2024
The Massachusetts College of Pharmacy and Health Sciences leased office space at a neighboring Simmons University building.
- The real key to downtown's comeback may not be office space after allby Bizjournals.com Feed (2024-03-19 20:44:08) on April 22, 2024
Office space vacancies are trending upward, but downtown recoveries are still gaining momentum. That's because the real key to post-pandemic city center success transcends the office.
- New retailers coming this spring to Bow Market, and more retail newsby Bizjournals.com Feed (2024-03-19 20:44:08) on April 22, 2024
Bow Market in Somerville will have five new shops this spring that'll eventually be joined by new restaurant openings as part of the market's planned expansion. Here's more on that and other local retail news.
- West Roxbury Residents Drop Lawsuits Over 124-Unit Projectby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 18, 2024
Two lawsuits against a Dedham-based developer over a residential project in West Roxbury have been withdrawn.
- Harvard, Tishman Speyer File Plan For 1M SF Next Phase Of Allston Campusby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 17, 2024
Five months after breaking ground on the first phase of their Allston campus, Harvard University and Tishman Speyer have unveiled plans for an even bigger second phase. The joint venture filed a letter of intent Tuesday with the Boston Planning...
- Senators Compare Hospital Landlord MPT To 'Ponzi Scheme,' Urge It To Reduce Rentsby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 17, 2024
The U.S. senators from Massachusetts have sent a letter to Medical Properties Trust, the largest hospital landlord in the country, criticizing its business model and urging it to take action on the facilities run by beleaguered operator Steward Health...
- Suburban Slowdown Drives Boston-Area Office Vacancy Above 20%by taylor.driscoll@bisnow.com (Bisnow News Feed) on April 16, 2024
More companies have sought to give back office space in the Boston suburbs in recent months, driving substantial occupancy losses and bringing the region's vacancy rate to new highs. The suburbs had held relatively steady since the start of the pandemic, but...
- This Week's Boston Deal Sheetby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 15, 2024
Brookline officials have launched an effort to rezone a half-mile stretch of land on Route 9 to spur new development. The zoning could open the door for new opportunities, including for Boston-based City Realty, which is under agreement to buy the...
- BPDA Approves First Phase Of 4M SF South Boston Redevelopmentby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 12, 2024
The Boston Planning & Development Agency approved a major redevelopment project that would transform a portion of Dorchester Avenue.
- Parking Garage Scores $104M Loan In Bostonby jon.banister@bisnow.com (Bisnow News Feed) on April 11, 2024
Many commercial properties in downtown Boston have seen their values plummet as investors and lenders shy away from the office sector, but it appears demand is still strong for parking garages.
- Mass. Leaders Call On Universities To Help Alleviate Housing Crisisby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 9, 2024
As Massachusetts continues to face a massive shortage of affordable housing, state leaders are looking for universities to play a larger role in producing housing. More than 60,000 students of Boston schools live off campus, putting them in direct...
- This Week's Boston Deal Sheetby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 8, 2024
Boston Properties signed a long-term air rights deal with the Massachusetts Department of Transportation, allowing it to advance an office tower development that was approved in 2017.
- CREATE Magazine: Dealmakersby www.nar.realtor - Commercial Professional on April 5, 2024
Tell us about a commercial transaction in excess of $5 million and you may be featured in a future issue of CREATE Magazine.
- Alexandria Buys Allston TV Studio Site With Development Plansby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 4, 2024
Alexandria Real Estate Equities acquired the WBZ-TV studio property in Allston that has been approved for a new mixed-use development. The country's largest life sciences REIT acquired the site at 1200 Soldiers Field Road for $7M from Mount Vernon Co.,...
- Boston Life Sciences Project Seeks To Raise Money On Crowdfunding Platformby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 3, 2024
Building on promises to diversify its development team, a Seaport life sciences project led by Related Beal is turning to crowdfunding. The Boston Real Estate Inclusionary Fund, which is run by prominent Black developers Richard Taylor, Darryl Settles...
- Bill To Allow MLS Stadium In Everett Reignites Waterfront Debateby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 2, 2024
A vision for a new professional soccer stadium in Everett became one step closer to reality Tuesday, with the first public hearing on state legislation that would make way for a project from The Kraft Group, owner of Major League Soccer's New England...
- How Life Sciences Startups Have Changed Their Leasing Strategiesby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 2, 2024
Life sciences startups looking for real estate are entering a vastly different market than existed in 2022, and they have changed their leasing strategies as a result. Companies are more hesitant to leave incubator spaces and sign new leases, and they...
- This Week's Boston Deal Sheetby taylor.driscoll@bisnow.com (Bisnow News Feed) on April 1, 2024
The developer of a Roxbury redevelopment project has abandoned plans to build multifamily housing due to the challenging financing markets.
- After Historic Boom, Warehouse Development In Greater Boston Falls By 80%by taylor.driscoll@bisnow.com (Bisnow News Feed) on March 28, 2024
Greater Boston delivered a record amount of industrial space last year, punctuated by a massive five-story Amazon warehouse that completed in the fourth quarter. But now, the pandemic-era boom has begun to evaporate. The region had 1.2M SF in...
- Synergy Buys 21-Story Boston Tower, City's Largest Office Building Sold Since 2019by taylor.driscoll@bisnow.com (Bisnow News Feed) on March 28, 2024
Synergy Investments purchased a 21-story Downtown Crossing office tower, the largest commercial property to sell in Boston since before the pandemic. The Boston-based developer, which has made a string of recent acquisitions, bought the building at...
- National Economic Development Organizationsby www.nar.realtor - Commercial Professional on March 27, 2024
Explore top National Economic Development Organizations driving growth and innovation worldwide. Our curated list highlights leading entities like the International Economic Development Council (IEDC) and National Association of Development Organizations (NADO). Discover key players shaping economic landscapes globally.
- March 2024 Commercial Real Estate Market Insightsby www.nar.realtor - Commercial Professional on March 26, 2024
In February 2024, the commercial real estate market presented a mixed picture, with certain sectors showing resilience while others continued to face uncertainties and losses.