As U.S., like the rest of the world, continues to grapple with stubborn inflation (at 8.2 percent in September), there are worries that consumer spending is going to falter and impact industrial owners’ ability to raise rents. Industry insiders, however, say such fears are over-stated. At the moment, industrial real estate fundamentals remain strong and […]
Sankalp Phartiyal and Debby Wu September 26, 2022 at 1:26 AM EDTUpdated onSeptember 26, 2022 at 3:48 AM EDT Apple Inc. began making its new iPhone 14 in India sooner than anticipated, after a surprisingly smooth production rollout that slashed the lag between Chinese and Indian output from months to mere weeks. The US tech giant […]
Lumber prices have fallen to their lowest level in more than two years, bringing two-by-fours back to what they cost before the pandemic building boom and pointing to a sharp slowdown in construction. Lumber futures ended Tuesday at $429.30 per thousand board feet, down about one-third from a year ago and more than 70% from […]
Regency Center Corporation’s (Nasdaq: REG) overhaul of a trio of century-old buildings located in Cambridge, Massachusetts into modern mixed-use space—while carefully preserving the historic flair of their surroundings—reflects the versatility and perseverance of a REIT best known for its grocery-anchored shopping centers. The Jacksonville, Florida-based REIT’s restoration of the Abbot Building complex, a collection of three […]
President Joe Biden is infusing billions of dollars into a new, biotech-focused initiative, and it’s likely to have immediate ramifications for New England. Boston has long been a hotbed for pharmaceuticals in addition to upstart biotechs. But the White House is expanding the definition of what a “bioeconomy” could be, looking beyond drugmaking to other applications of […]
Eastern Bank has provided a $14-million loan to the Arts & Business Council of Greater Boston for its landmark purchase of the Western Avenue Studios & Lofts in Lowell, MA. The WASL complex includes 240,000 square feet of space, 250 work-only artist studios, 50 live/work studios, and a brewery, café and gallery. The Arts & Business Council of […]
Somerville’s planning board is meeting next month to consider the next step in developer US2’s nine-story life sciences building in Union Square. US2 has proposed a 280,000-square-foot mixed-use development with ground-level retail at 50 Webster Ave. The project would kick off the second phase of the USQ development, one of the most important components in […]
40 Years in the Making The original developer of Marshall’s Plaza in 1978, Northland has, over two generations, patiently assembled the critical mass necessary to create a 21st century green neighborhood that focuses on sustainability, wellness, connectivity, and permeability in a vibrant, live, work and play Newton gateway. Promoting smart growth by converting an aging, obsolete, industrial […]
When Maine voters went to the polls last November, their ballots asked them to decide whether the state should prohibit construction on the Central Maine Power Company’s $1 billion transmission line from Canada. Nearly 60% said yes, retroactively blocking a project that state regulators had already approved. On Tuesday, Maine’s high court ruled that the […]
A new ownership group is revising plans for a commercial development on the outskirts of Somerville’s Union Square, dropping a 330-room hotel while retaining a pair of office-lab towers. Capital Hall Partners, Spaulding & Slye Investments and Union Square master developer US2 are partnering on the 980,000-square-foot Gateway Innovation Center project at 200 McGrath Highway, […]
