By James McCown CAMBRIDGE — “In the city there must be regularity and fantasy, relationships and oppositions, and casual and unexpected elements to vary the scene,” wrote Marc-Antoine Laugier, an 18th-century Jesuit and arguably the world’s first architecture critic, having penned the seminal Essai Sur l’Architecture in 1753. His advice holds true today. Cities must be […]
David R. Baker (Bloomberg) — Startup Electric Hydrogen Co. plans to open its first factory for making electrolyzers — the machines at the heart of a future green hydrogen economy – in Massachusetts. It’s the latest in a wave of clean-tech manufacturing projects announced across the US. The company, backed by Bill Gates’s Breakthrough Energy […]
Nate Delesline III Reporter Ikea is expanding its store formats beyond its familiar and famous big blue box locations. The Swedish-founded and Netherlands-based international retailer had about 370 flagship stores globally, and 460 stores overall in 62 markets worldwide as of February. But despite that global presence, “many people were complaining that our stores were too far […]
By Erik Sherman In the closing of First Republic Bank by the Federal Deposit Insurance Corporation and its sale to JPMorgan Chase, there was mention of a loss-share transaction for loans. Both the FDIC and JPMorgan Chase will share costs and potential recoveries from single family, residential, and commercial loans that the bank bought from First Republic. […]
By Jack Rogers | April 25, 2023 at 04:10 PM In a sign that one of the strongest life sciences markets in the US is weakening, Alexandria Real Estate Equities is offering for sale a suburban Boston office complex valued at $170 million, a 28% discount, after a softening market changed plans to convert the property to life […]
By Lynn Pollack | February 23, 2023 at 05:53 PM Massachusetts has the lowest vacancy rate of rental homes in a recent study, followed by Maine, Utah, Kentucky, and Montana. According to TexasRealEstateSource.com, utilizing US Census Bureau data, Massachusetts has the tightest vacancy rate for rental properties at 2.8%, followed by Maine at 2.9%, Utah at 3%, Kentucky at […]
By Grant Welker – Projects Reporter, Boston Business Journal Jan 27, 2023 A new grocery store in Norwood takes the pandemic trend toward online ordering a step further. At Addie’s on Route 1, the entire 22,000-square-foot store is devoted to employees filling orders to be brought out to the cars of shoppers who ordered online. The timing may […]
BOSTON–Conversions of outdated office buildings to other uses such as multifamily complexes, life sciences labs and hotels have garnered widespread attention as the office market adapts to hybrid work. Still, conversion projects in the works represent only a small fraction of the overall market, according to a new report from CBRE. CBRE’s analysis found 218 […]
Rent control advocates in Boston are once again pushing for new rent control laws. Of course they are. Apartment rents rose 17 percent in Boston over the last year, on average, including concessions. There’s no relief in the short term either. Market observers predict rents are likely to keep rising sharply through the rest of the […]
MetLife Investment Management has completed its $103 million purchase of Burlington BioCenter, a 109,085-square-foot life science research and pharmaceutical manufacturing facility in Burlington, Mass. Public records show MetLife financed the acquisition with a $54.4 million loan from Northwestern Mutual. Newmark represented the seller, a joint venture between The Gutierrez Company and GEM Realty Capital, and procured the buyer. The partnership had […]
