Commercial & Industrial
Related Beal Closes on Financing for Vertex Lab Project
A development group led by Related Beal completed its financing for development of a Vertex Pharmaceutical-leased research center that’s ramping up construction in South Boston’s Raymond L. Flynn Marine Park.
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.
Boylston Street Property Trades for $39.1M
A Back Bay office-retail building anchored by an investor center for Fidelity Investments was acquired by a Spanish real estate investment firm for a 27-percent discount from its previous sale in 2013.
Funding Secured for Multifamily Development in Wakefield
JLL Capital Markets has arranged capitalization for a new, 440-unit development to be built on the shore of Lake Quannapowitt in Wakefield.
Wakefield Turns Down MBTA Communities Zoning
Wakefield joined Marshfield and Milton in the suburban resistance to the MBTA Communities housing production law, rejecting three proposals to rezone an area near transit for multifamily development.
BXP Breaks Ground on Cambridge’s Tallest Building
Boston Properties has started construction of the tallest building in Cambridge history, the 121 Broadway residential tower slated for completion in 2027.
Rockport Residents File Civil Rights Suit Over MBTA Zoning
A group of Rockport residents claim that the way their town is coming up with zoning to comply with the state MBTA Communities law is violating their civil rights.
Posto Relocating to Assembly Row
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.
AI Biotech Researchers Relocate to Cambridge
A biotech company that’s received over $400 million from investors for its artificial intelligence-based research opens a new headquarters in Cambridge this week in a relocation from New York City.
Developer Alleges Fraud in Delayed West Roxbury Project
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.
Personnel File – No. 365
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
WeWork Seeks to Drop One Lincoln Lease
One Lincoln owner Fortis Property Group faces another big office vacancy to fill if a bankruptcy court approves WeWork’s motion to reject the lease on its 241,000-square-foot coworking center.
Turning Up the Volume in Back Bay
Samuels & Assoc.’s Rachel Diharce gives an inside look at how she and her team curated a unique retail experience at the new Lyrik development to cap off Boston’s iconic Newbury Street shopping district.
Downtown Landlords Expand Ground-Floor Horizons
If downtown Boston fully regains its retail footings, it will be through discarding cookie-cutter leasing strategies reliant on fast-casual franchises and clothing chains.
Ruling Could Threaten Linkage Fees in Massachusetts
This month’s unanimous U.S. Supreme Court decision in favor of a California homeowner may have implications for inclusionary development and linkage regulations here in Massachusetts. California’s El Dorado County is nestled between Sacramento and Lake Tahoe. Much of...
Hot Property: Goulston & Storrs Offices
Approximately 350 employees at law firm Goulston & Storrs are settling into their new offices at One Post Office Square following the firm’s first relocation since 1985.
Why Developers Should Think About Retail Early
The economic implications of a thriving ground floor experience extend well beyond the first lease year. Here’s how to create neighborhood magnets with major gravitational pull.
Looming Homelessness Crisis Demands Supportive Housing Ramp-Up
There’s a proven solution to end chronic homelessness. It’s cost effective, good for business and it’s the humane thing to do. It’s called supportive housing.
Live-Shop Combination Transforms Retail Properties
The viability of widescale office-to-residential conversion projects still is up for debate, but signs point to a greater awakening to incorporate multifamily housing into underutilized retail centers across Greater Boston.
Galleries Fill Storefront Gaps in Malls
Mall landlords seeking to fill vacancies and local artists looking for high-traffic exhibition space were a natural match that needed an introduction.
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