Updates in the world of Commercial Real Estate
Hostelling International USA has purchased 25 Stuart St. in Boston for $15 million. The nonprofit said the six-story building will serve as a 450-bed hostel, roughly double the size of Hostelling International-Boston’s existing facility at 12 Hemenway St. Hostelling International said it will remain at Hemenway Street until the planned renovations at its new Stuart […]
Robert L. Culver is leaving the helm of MassDevelopment after seven years in the post, the chairman of the agency’s board announced Wednesday. Gregory P. Bialecki, who chairs the board and also is the state’s secretary of housing and economic development, praised Culver for his “passion for rebuilding communities.” Culver, in a prepared statement, called […]
The city has chosen a designers and engineering team for its planned HarborWalk. Now, those designers want to hear how residents think the waterfront walkway should take shape. Cambridge 7 Associates, the lead designer for the $500,000 project, is holding a day for community input on Tuesday, with plans for what they and city officials […]
EVANSTON, Ill.– Industrial employment in Massachusetts fell 1.2% over the past twelve months according to the 2011 Massachusetts Manufacturers Register®, an industrial directory published annually by Manufacturers’ News, Inc. (MNI) Evanston, IL. Manufacturers’ News reports Massachusetts lost 4,717 industrial jobs over the past twelve months, a significantly smaller loss than the decrease of 11,950 reported […]
With nearly two million square feet of industrial property lying vacant and a 14-15% vacancy rate for Boston’s Industrial Property the gloom and sweat running from property owner’s brows appears almost visible. And yet, 40% of these same property owners are grinning from ear to ear. Their properties are leased and even if per chance […]
MIT Tech online article about University park expansion. MIT will work with Forest City Boston to build a new building at 298–334 Massachusetts Avenue, in the area just north of Random Hall, expanding research and retail opportunities along the block. Construction could start as soon as a year from now. Additionally, MIT is looking to […]
Macy’s is closing its Chestnut Hill store as part of what the company calls an annual review process that selectively prunes underperforming locations. The store, which opened in a former Bloomingdale’s location at the Chestnut Hill Shopping Center in 2007, will start a final clearance sale on Sunday that will run for about 10 weeks. […]
Commercial real estate covers a large chunk of the real estate world. It includes office and retail properties like shopping centers, industrial properties, land and investments and hotel /resort properties. There are various agencies involved in this line of business and they aim to provide the entire range of corporate and investment services to the […]
The fourth quarter data barrage is underway, and a report from one highly respected commercial real estate shop indicates there’s more space available in the Boston market than there was a year ago. This is not a huge surprise, but there’s always value in dealing with hard numbers rather than anecdotal information. According to the […]
QUINCY, MA – The Quincy City Council approved the master agreement for a $1.28 billion redevelopment of Quincy Center anchored by a unique financing plan that Mayor Thomas Koch and the City’s private development partners, Street-Works Development LLC, believe could become the new model for urban redevelopment projects across Massachusetts. The project – which marks the […]
