Updates in the world of Commercial Real Estate
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, […]
via bldup.com Safehold has acquired the 20 Cambridgeside Place condo unit with the Cambridgeside Mall site for $156,435,583.82. Work is currently underway for the transformative redevelopment of the full site to create around 650,000 square feet of office, life science, and residential space. At 20 CambridgeSide concrete floor decks are being placed and structural steel install is also […]
by Greg Ryan / via Boston Business Journal Jen Faigel, the executive director of the food-business incubator CommonWealth Kitchen, has long wanted the nonprofit to own its building in Dorchester, rather than rent space there from the Dorchester Bay Economic Development Corp. CommonWealth announced Friday that the dream is now reality: The incubator purchased the […]
by Lindsay Dunsmuir and Ann Saphir / via reuters.com Federal Reserve officials are helping shape market expectations for sharper interest-rate hikes to curb the surge in inflation, but have not managed to dispel fears the tightening cycle could blow a hole in the economy and labor market. “The Fed needs to move aggressively to keep […]
by Ben Knight / via UNSW Sydney Newsroom The next generation of supercooling materials can help keep cities cooler in summer and warmer in winter. A team from UNSW Sydney has developed new intelligent building materials that can help keep the temperature in check throughout the seasons. The innovative design adjusts the optical properties used in conventional heat […]
