Meet the people who helped make it happen Cathy Mande surveyed the rubble of her former home on a recent warm day, a serene look on her face. A few days later, the rubble would be gone, cleared away to build what many hope will bea new model for affordable housing. Months prior, when Mande […]
By Andrew Brinker A high-profile push by Boston Mayor Michelle Wu and some housing advocates to end the state’s three-decade-old ban on rent control has gained little traction with state lawmakers this year. So now supporters are considering another approach: taking the matter to the voters. Cambridge StateRepresentative Mike Connolly — “acting in my personal […]
By Greg Ryan Locus Robotics formally broke ground Wednesday on a nearly 200,000-square-foot headquarters in Wilmington, the town where the robot maker is now based. The new facility, at 100 Fordham Road, will replace its current home at 301 Ballardville St. in Wilmington and house the company’s executives and engineering, manufacturing and operations personnel. Locus’ European […]
By Jinjoo Lee Strip malls are hot. With investor anxiety rising about types of commercial property from shiny office buildings to self-storage facilities, the low-slung structures are a rare bright spot. Retailers want to stay close to where customers are spending more time these days: their homes. The leased occupancy rate at strip center real-estate investment trusts […]
By Rowan Walrath Massachusetts leaders want to make the commonwealth a hub for not just the research of drugs, but for the manufacturing of drugs. It’s a goal that’s seen progress in stops and starts before. The Genetics Institute Inc., the legendary Cambridge company that pioneered biomedical research in the early 1980s, set up shop in […]
By Erik Sherman Since partway into the pandemic, distress has been a, well, distressing topic. People expected it immediately but then values, prices, and rent growth grew at historically high paces. Then came inflation and, eventually, interest rate jumps that put many properties into a questionable ability to gain refinancing. In a report on May 2023 […]
By Ramsey Al-Rikabi Federal Reserve Governor Michelle Bowman said US banks need better supervision rather than higher capital requirements because they could stunt lending and competition, and she repeated her calls for an independent review of recent bank failures. “We need to consider whether examiners have the appropriate tools and support to identify important issues […]
Susan Piperato Even in the midst of the broader troubled commercial real estate market, the single-family rental (SFR) sector has continued to expand driven by a surge of build-to-rent (BTR) projects which have set new records in the deliveries of new homes. While the SFR sector was built first through acquisition, real estate investment managers in the space have not been […]
By: Emily Fu Hines has completed the demolition phase to commence construction on Chelsea Point, a strategic industrial development site in Chelsea, Massachusetts. Located at 250 Marginal Street, the 146,409-square-foot Class A facility will feature a 36-foot clear height and flexible design for single or multi-tenant uses. Construction is expected to be finished in […]
By Carol Ryan Banks are getting stingy with commercial property mortgages. Ideally, alternative lenders could step in and help landlords to refinance their debts, but this part of the lending market isn’t in great shape either. Loans for the property industry are drying up fast. The CBRE Lending Momentum Index, a proxy for U.S. commercial real estate lending, fell 54% […]
