Updates in the world of Commercial Real Estate
Wu Puts ARPA Funding toward Rent Rebates By Steve Adams / via Banker & Tradesman Staff Side effects of COVID on Boston’s neighborhood business districts included rising turnover and shuttered landmarks, resulting in some of the highest retail vacancies in the region. Fresh off its recent “Return to Downtown” block party, the new administration is […]
A couple of years after scoring its biggest fundraising amount to date, Boston-based Battery Ventures is raising even more billions for two separate funds, regulatory documents show. Battery Ventures, a tech investment firm in the Seaport District known for participating in seed rounds all the way up to multimillion-dollar, majority-ownership transactions, raised just over $3 billion for […]
via Boston Real Estate Times CAMBRIDGE, MA–The Life Sciences industry is growing rapidly all over the world, especially since the COVID-19 Pandemic started. The state of Massachusetts has been leading the way for the past decade, throughout not only the country, but the world. Massachusetts based Life Science companies raised $4.3 billion in the first […]
by Fatima Hussein / via Bankers & Tradesman President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency. The Biden administration views the explosive popularity of cryptocurrency as an opportunity to […]
by Steve Adams / via Banker & Tradesman Responding to requests from local elected officials, developers are adding 85 housing units to a proposed redevelopment of WBZ-TV’s Allston studios. The changes expand the proposed 1170-1190 Soldiers Field Road development to 795,000 square feet. Developers agreed to set aside 20 percent of the housing units as […]
by Parija Kavilanz / via CNN Business As Covid restrictions ease, expect to see more malls morph into family entertainment destinations where shopping may not even be what draws shoppers in. Retail analysts say it’s become necessary for mall operators to diversify the in-mall experience beyond shopping in order to stay relevant to consumers — […]
by Steve Adams / via Banker & Tradesman A lease by a second major tenant could fill up the 1 million-square-foot One Congress office tower at Boston’s Government Center well before its scheduled completion in January. Developers of the 600-foot tower and future State Street Corp. headquarters are in talks with a tenant that could […]
by Rowan Walrath / via The Boston Business Journal For the second straight year, the amount of venture capital that was poured into Massachusetts-based life sciences companies has eclipsed all previous fundraising records, ringing in at $13.66 billion in 2021. According to a report from the Massachusetts Biotechnology Council, an industry group better known as […]
by Konrad Putzier / via The Wall Street Journal Property startups emerged as one of the hottest tickets for venture investors during a record-breaking 2021. The recent stock-market selloff is testing the limits of that boom. Real-estate companies collected $12.2 billion in venture funding last year, according to private company data tracker CB Insights, up 34% from […]
via wealthmanagement.com / by Jenn Elliot Mortgage bankers and lenders across the U.S. want real estate owners to know one very important fact: debt is widely available for retail properties after a couple of years of being hard to come by. “People are still trying to figure out if there’s debt for retail properties,” says Tom Melody, […]
