By John Hilliard WALTHAM — Reggie Clark is 70, but memories of his childhood years at the Walter E. Fernald Developmental Center during the 1960s are painfully clear. He considers himself a survivor of the now-closed state school in Waltham that was the home to generations of people with developmental or physical disabilities. Patients weren’t […]
By Richard Berger Retail is positioned to become the US’ highest occupancy commercial real estte category, according to a new report from Marcus & Millichap. The firm said this long-term forecast is bolstered by a consumer base that is expected to grow by more than 4.8 million households from 2024 to 2028, notably eclipsing the […]
By Hannah Green A Framingham-based biotech is relocating its headquarters to a new space closer to the center of Massachusetts’ biotech industry. BPGbio announced on Wednesday it was moving into 70,000 square feet of lab and office space at 300 Third Avenue in Waltham. The biotech company plans to move into two full floors of the […]
By Erik Sherman Anti-money laundering has become an ongoing topic for the Biden administration. The latest round of reports focuses in part on real estate. As a result, the Treasury Department has proposed new rules that would government CRE transactions. The report addressed real estate as part of a luxury and high-value goods category. “Money laundering through real estate can […]
By Carol Ryan Property investors sat on the sidelines last year waiting for enticing opportunities. But the 2009-style discounts they were hoping for haven’t materialized—at least not for the kinds of buildings they want to own. Just $374 billion of real estate sold in the U.S. last year, according to MSCI data released Wednesday, a 51% fall compared […]
By Charlie Breitrose Developers heard from dozens of residents who showed up Monday night for an in-person community meeting about the project proposed for the former Cannistraro site, pro and against. Many with concerns lived in the residential neighborhood across the street, who fear they will be negatively impacted by the size of, and noise and […]
By Boston Real Estate Times CAMBRIDGE, MA—Although Maureen McCaffrey manages planning and development of capital projects in MIT’s Cambridge commercial real estate portfolio, don’t get surprised if you hear her “break into song” with the slightest trigger of a word or phrase. “One out of every hundred people find it amusing! Keeping with the music theme, I […]
By: Emily Fu Trammell Crow Residential (TCR), part of Crow Holdings, has initiated construction on Alexan Peabody, a 180-unit luxury multifamily residence in Peabody, Massachusetts, slated for completion in Q4 2025. Located along Route 1 at 128 Newbury Street, the development offers studio to three-bedroom units, including 25% affordable housing at 80% of Area […]
By Greg Ryan The office-market meltdown in downtown Boston is about to enter a new stage. Many landlords have accepted the harsh post-pandemic reality that their buildings have fallen in value, so much so that they are willing to argue as much to the city to try to cut their tax bills, according to property owners […]
BOSTON – Leaders of housing advocacy groups today celebrated the Chelsea City Council last night who unanimously voted to pass new zoning to create more homes near transit in line with the MBTA Communities Law. With this vote, all 12 Rapid Transit Communities have met the year-end deadline to adopt new zoning – a historic […]
