Federal Reserve Declines to Cut Interest Rates, Cites Continued Inflation
As expected, the Federal Reserve did not reduce the benchmark lending rate at its meeting yesterday, maintaining the rate at a 23-year high.
The B&T Daily: May 1, 2024
Boston Properties has started construction of the tallest building in Cambridge history, the 121 Broadway residential tower slated for completion in 2027. The project is part of the Boston-based REIT’s Kendall Square development that also includes the 290 and 300...
The B&T Daily: April 30, 2024
A mainstay of Davis Square’s dining scene is relocating to Assembly Row after leasing 6,000 square feet for a takeout market, cafe and dining room.
The B&T Daily: April 29, 2024
The developer of a delayed West Roxbury apartment complex claims that its general contractor engaged in “rampant misconduct” by withholding over $2.2 million in payments to subcontractors.
The B&T Daily: April 26, 2024
Eastern Bank executive said they are highly confident the bank’s merger with Cambridge Trust won’t be delayed much longer.
The B&T Daily: April 25, 2024
Redevelopment plans by Rhino Capital Advisors would restore the historic facade of a Bulfinch Triangle office building while creating an 82-room hotel with an “urban contemporary aesthetic.”
The B&T Daily: April 17, 2024
As more life science conversions and new developments were completed without tenants, Greater Boston’s lab vacancy rate rose to 13.7 percent in the first quarter, CBRE says. The figure, up from 10.8 percent at the end of 2023, represents nearly 7.6 million square feet...
The B&T Daily: April 16, 2024
Seeking to build a new consolidated campus, a North Shore life science company is tackling the question of how to design power-hungry lab buildings with minimal fossil fuel consumption. At an abandoned quarry in Manchester-by-the-Sea, Cell Signaling Technology plans...
The B&T Weekly: April 14, 2024
Boston Looks to ‘Skyline’ for Help By Steve Adams Changes designed to attract more developers and commercial tenants to downtown Boston and avoid a looming fiscal chasm tied to declining office occupancy are moving closer to the finish line. Commercial Interests:...
The B&T Daily: April 12, 2024
A Fenway commercial property added a major new tenant in Berklee School of Music. But what does it have in store for the property? Berklee leased nearly 39,000 square feet at 1249-1255 Boylston St., a 3-story office-retail building, through 2040. The school has a...
The B&T Daily: April 11, 2024
An investment partnership that completed a $171 million acquisition of the Hilton Boston Back Bay hotel plans a capital improvement program to modernize the 41-year-old property. New York-based investment firm Certares, in partnership with Belcourt Capital Partners,...The B&T Daily: April 10, 2024
A BPDA-approved plan endorsed the idea of higher zoned building heights in downtown Boston last year. But now developers have an idea of the specifics Mayor Michelle Wu is proposing. The administration took the wraps off a major rezoning proposal for downtown...
The B&T Daily: April 9, 2024
The developer of a 19-story lab tower in Somerville’s Assembly Square is seeking an extension to redesign the project following a change of ownership and continuing sluggishness in life science leasing. DivcoWest’s 596,000-square-foot project at 120-132...
The B&T Daily: April 8, 2024
A deal with the Massachusetts Department of Transportation moved the 1.3-million-square-foot redevelopment of the MBTA’s Back Bay station property closer to groundbreaking. Boston Properties signed a 90-year lease with the agency for the site, which includes a parking...
The B&T Weekly: April 7, 2024
Another Option for Vacant Office Buildings By Steve Adams New hotel construction has slowed to a crawl in Boston since COVID but a new source of room supply is emerging in conversions spurred by the city’s struggling office market. Commercial Interests: Don’t Let...
The B&T Daily: April 5, 2024
Conversions to R&D space could be the best option for suburban Boston office landlords facing a financial crossroads, real estate executives predicted at an economic forum focusing on the Metro North region. “There’s a huge opportunity to refashion the stock of...The B&T Daily: April 4, 2024
With a strong hurricane season in the forecast and inflation continuing to ripple across the U.S. economy, multifamily operators from Boston to Boca Raton are battling rising operating costs according to a new report from Yardi Matrix. What does that look like...
The B&T Daily: April 3, 2024
It’s game on as Boston and Everett officials squared off on Beacon Hill yesterday over a much-debated soccer stadium proposed for the site of an old power plant on the banks of the Mystic River. The hearing before the state legislature’s Joint Economic...
The B&T Daily: April 2, 2024
As you read this, Boston Mayor Michelle Wu is signing an ordinance to largely replace the Boston Planning & Development Agency with a new Boston Planning Department. Boston City Councilors OK’d the move last week, but state legislators still need to act on a...
The B&T Daily: April 1, 2024
Boston-based developer GFI Partners plans to develop 200,000 square feet of commercial space at the former Grafton State Hospital after completing an acquisition from MassDevelopment. What else is on tap today? Amenities War, Quantified: A new analysis by researchers...
