Updates in the world of Commercial Real Estate
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 […]
via Startup Info Densely populated cities are facing a plethora of tough challenges as their populations continue to rise. As more people migrate to urban locations the available resources, space, and medical coverage become more limited. Luckily, there are modern solutions that government organizations can use to overcome these growing obstacles. The idea of “Smart […]
by Jeanna Smialek / via The New York Times The Federal Reserve lifted its key interest rate by a quarter of a percentage point on Wednesday as policymakers took their first decisive step toward trying to tame rapid inflation by cooling the economy. The Fed had kept rates near zero since March 2020, and the decision marked […]
by Gary Higgins | via Boston Business Journal Rent will increase at 1.75% for the first 10 years and at between 1.75% and 2.50% over the remainder of the lease. Wynn said it will retain its 13-acre developable land portfolio on the east side of Broadway in Everett, where it plans to build an expansion […]
by Patricia Kirk / via wealthmanagement.com The pandemic and the concurrent increase in demand for grocery deliveries have pushed up the need for cold storage. Now, this trend is changing the calculations surrounding the development of cold storage projects. Cold storage facilities are expensive to build, costing from $250 to $350 per sq. ft. compared to $100 […]
by Patricia Kirk / via WealthManagement.com The past few years have brought cannabis legalization to multiple states, giving real estate investors a new alternative asset class to put their money into. It looks like this trend is only going to intensify in the months ahead. As we get further into 2022, all U.S. states without current medical […]
Nearly two years into the pandemic, a street-level survey finds the hub of science and research remains sparsely populated. by Scott Kirsner – via The Boston Globe What is Kendall Square like during the third wave of the pandemic? I wanted to understand how Cambridge’s celebrated cluster of innovation felt and who was working there. […]
