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 […]
Bed Bath & Beyond locations across America will soon be replaced by Burlington Stores outposts and a range of other businesses, after the failed home goods retailer auctioned off its leases as part of its bankruptcy proceedings, court records show. The doomed big-box store selected bidders for 109 of its leases after a Monday auction. Off-price giant Burlington agreed […]
By Peter Grant Prologis has agreed to pay Blackstone $3.1 billion for a portfolio of U.S. warehouses and distribution properties in a sign that industrial space remains one of the strongest property types in the shaky commercial property sector. The portfolio includes nearly 14 million square feet in about 70 properties in major markets including Atlanta, California, Dallas, south […]
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 : Austen Hufford A crash in office values could start a doom loop with banks, with falling prices leading to less finance and thus lower prices. Gloomsters think that could spread across the multitrillion-dollar commercial real-estate sector, sucking money out of the economy as banks and institutional investors turn more cautious, James Mackintosh reports. Mori Trust […]
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 Andy Medici – Senior Reporter If CEOs want employees back in the office, they need to think beyond productivity alone. That’s according to Annie Dean, vice president of team anywhere at software tool company Atlassian, who said productivity-focused company mandates to bring workers back to the office remain a tough sell to workers who have now […]
By: Paul Bubny Boston-based real estate firm Rise has struck a deal for a 123-acre site in Braintree where it plans to build a campus for movie and television productions, reported the Boston Business Journal. The development construction firm has a purchase-and-sale agreement with Boston’s Onshore Properties for Banner Parkplans to develop 272,500 square feet of […]
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 […]
