Updates in the world of Commercial Real Estate
Somerville — With a $25 million investment from the city, the stage has been set for a shiny new Assembly Square with a planned Orange Line station, at least three new buildings – both residential and commercial – and the infrastructure to support about a dozen more. By a 9 – 1 vote Monday night, […]
In order to build a new Orange Line stop at Assembly Square, Mayor Joe Curtatone has asked the Board of Aldermen to borrow $25 million. The idea is that tax revenue from the first stage of the commercial and residential development would go towards paying off the debt and jump-start the redevelopment of Assembly Square. […]
The Boston Redevelopment Authority said Friday that Director John Palmieri has submitted his resignation. He will continue to lead the organization until May 1. The BRA did not detail a reason for Palmieri’s departure. Susan Elsbree, a BRA spokeswoman, said Palmieri formally informed Mayor Thomas Menino and the BRA board of his intention to step […]
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Alexandria Real Estate Equities expects to have permits in place this year for 1 million square feet of new development along Binney Street in Cambridge, although no construction timeline is yet available. The company recently got approval from Cambridge’s planning board for its 50 Binney St. project, a 496,000-square-foot building comprised office and research and […]
The post office is looking to sell their Washington St. building to the City and relocate customer services to a much smaller space in Union Square Officials from the U.S. Postal Service held a public meeting on Thursday to discuss the sale and possible relocation of its Union Square branch, located at 237 Washington Street. […]
The financial outlook for the city of Lawrence remains dour despite a slate of developments that are expected to revitalize swaths of land and add some 500 full-time jobs over the next few years. A recent report by Moody’s Investors Service indicated that Lawrence’s $3.1 billion tax base will see continued pressure amid high foreclosures, […]
Federal Realty’s Assembly Row at Assembly Square One Step Closer to Reality – SOMERVILLE, Mass., Feb. 9, 2011 /PRNewswire/ — Federal Realty Investment Trust (NYSE: FRT) today announced that the Massachusetts Bay Transportation Authority (MBTA) board voted to approve a memorandum of agreement (MOA) between Federal Realty and the MBTA — another significant milestone […]
BOSTON — The Boston office of Lincoln Property Company, a full-service real estate firm providing leasing, investment sales, property management, appraisal/valuation, development and project management services to a wide range of clients, announced that it has negotiated two sublease transactions totaling over 25,000 square feet on behalf of Heartland Robotics. Due to robust growth Heartland […]
Sunny Delight Beverages Co. has sold its Littleton manufacturing facility for $15 million to an affiliate of private equity concern Angelo, Gordon & Co. of New York. The sale closed Jan. 11 and was brokered by Robert Cronin of Colliers International of Boston. Veryfine, a maker and marketer of fruit and flavored drinks, will leaseback […]
