By Greg Ryan Massachusetts and the city of Boston have won $335.4 million in federal funding to straighten I-90 in Allston, a project that would create a West Station for public transit and unlock dozens of acres of riverside property for Harvard University to develop. The grant covers only part of the estimated $1.9 billion cost, […]
By Grant Welker There isn’t enough new housing being built in the Boston area to suddenly make the region affordable. But builders are finding places to build — mainly in former industrial pockets in such places as Everett and South Boston, as well as relatively less-dense neighborhoods in Allston and Quincy. Residential developments now under construction […]
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 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 […]
