By Kriston Capps Developers of apartment buildings across the US are raising alarms as property insurance rates continue to rise, a trend that threatens to seal off the pipeline for much-needed housing construction — especially new apartments with affordable units. Premiums and deductibles for policies required by mortgage lenders have shot up two- to three-fold over […]
Woburn, MA, July 28, 2023 – Stephanie Deering, Vice President of ABG Commercial, Bernard Gibbons, Senior Vice President, and Dave Killen, experienced real estate advisor, are proud to announce the sale of a 1.26-acre prime site in Woburn, Massachusetts. This acquisition, valued at $2.55 million, marks a significant step towards the development of an early education […]
By Rowan Walrath – Life Sciences Reporter, Boston Business Journal Developers hit a significant milestone in construction for a new, $915 million lab project in Boston’s Allston neighborhood. On Monday, developer King Street Properties and building contractor Consigli Construction Co. Inc. topped off the project that will become Allston Labworks, a mixed-use site involving life sciences space, […]
By Greg Ryan With the help of a crowdfunding platform, a Boston-based real estate development firm and its partner have acquired a nearly 12-acre commercial property in Somerville’s Assembly Square for $142.5 million. A joint venture between Cabot Cabot & Forbes and a Cannon Hill Capital Partners fund bought 65-75 Mystic Ave., a site adjacent to […]
By Greg Ryan – Senior Reporter, Boston Business Journal Jan 23, 2023 Trammell Crow Co. has put forward one of the largest development proposals in Boston in the past year: Three new life sciences buildings, as well as 200 residential units — all of them income-restricted — in Brighton. The Dallas-based CBRE Group Inc. (NYSE: CBRE) subsidiary and […]
Somerville’s planning board is meeting next month to consider the next step in developer US2’s nine-story life sciences building in Union Square. US2 has proposed a 280,000-square-foot mixed-use development with ground-level retail at 50 Webster Ave. The project would kick off the second phase of the USQ development, one of the most important components in […]
by Greg Ryan / via Boston Business Jornal Rise Together and Trax Development on Friday offered a more detailed look at plans for a mixed-use development of nearly 1 million square feet in Charlestown’s Sullivan Square, one of three projects the development team is pursuing for a part of the neighborhood poised for major changes. […]
by Lauren Shanesy – via CoStar If there are three words real estate professionals should consider heading into the next year, they are flexibility, convenience and resiliency. Those are the defining themes that came out of the annual Emerging Trends in Real Estate 2022 report, released last week by PwC and the Urban Land Institute. So, […]
When Amazon openly asked for cities to submit proposals for their second headquarters less than two weeks ago, naturally there was a great deal of interest. The e-commerce powerhouse has just begun their process, stating in a tweet that “every city is on an equal playing field”, but some say Boston could be a front […]
Oops, here comes a rainy day and you need cash? You find a better location for your business or you are doing very well and need a bigger space for your growing business? Well, whatever reason people might have to sell their properties, there is one thing that everyone would be concerned about—how much tax […]
