by Carol Todreas Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars. Since then and particularly now with the abundance of retail on the internet, physical […]
Date Release: For Immediate Release Burlington, MA – ABG Commercial Realty facilitated a 12,739 SF office/flex lease for McPhail Associates LLC at 42-44 Third Ave with Nordblom Management Company Inc. McPhail Associates has been providing geotechnical engineering services to architects, owners, contractors, institutions, and developers for over 40 years, and will be relocating in the […]
By Nick Timiraos Federal Reserve officials start the year with a problem they would ordinarily love to have: Inflation has fallen much faster than expected. It does, nonetheless, pose a conundrum. The reason: If inflation has sustainably returned to the Fed’s 2% target, then real rates—nominal rates adjusted for inflation—have risen and might be restricting economic activity too […]
By Carol Ryan Property investors sat on the sidelines last year waiting for enticing opportunities. But the 2009-style discounts they were hoping for haven’t materialized—at least not for the kinds of buildings they want to own. Just $374 billion of real estate sold in the U.S. last year, according to MSCI data released Wednesday, a 51% fall compared […]
By Gabriel T. Rubin The recession never showed up in 2023. Consumers made sure of it. The U.S. economy grew 3.1% over the past year, the Commerce Department said Thursday. A resilient labor market supported strong consumer spending and brushed aside a feared downturn. A year ago economists saw a recession as very likely and projected anemic 0.2% growth for the year. […]
By Charlie Breitrose Developers heard from dozens of residents who showed up Monday night for an in-person community meeting about the project proposed for the former Cannistraro site, pro and against. Many with concerns lived in the residential neighborhood across the street, who fear they will be negatively impacted by the size of, and noise and […]
By Boston Real Estate Times CAMBRIDGE, MA—Although Maureen McCaffrey manages planning and development of capital projects in MIT’s Cambridge commercial real estate portfolio, don’t get surprised if you hear her “break into song” with the slightest trigger of a word or phrase. “One out of every hundred people find it amusing! Keeping with the music theme, I […]
By: Emily Fu Trammell Crow Residential (TCR), part of Crow Holdings, has initiated construction on Alexan Peabody, a 180-unit luxury multifamily residence in Peabody, Massachusetts, slated for completion in Q4 2025. Located along Route 1 at 128 Newbury Street, the development offers studio to three-bedroom units, including 25% affordable housing at 80% of Area […]
By Greg Ryan The office-market meltdown in downtown Boston is about to enter a new stage. Many landlords have accepted the harsh post-pandemic reality that their buildings have fallen in value, so much so that they are willing to argue as much to the city to try to cut their tax bills, according to property owners […]
BOSTON – Leaders of housing advocacy groups today celebrated the Chelsea City Council last night who unanimously voted to pass new zoning to create more homes near transit in line with the MBTA Communities Law. With this vote, all 12 Rapid Transit Communities have met the year-end deadline to adopt new zoning – a historic […]
