In what is excellent news for the Bay State from both an economic and environmental standpoint, the Massachusetts Clean Energy Center recently made an offer of $1 million to support energy-efficient retrofits for affordable multifamily housing developments. The MassCEC was created in 2008 for this exact purpose. They aim to accelerate the Commonwealth’s clean energy […]
Commercial real estate firm Cassidy Turley recently relocated its Minneapolis headquarters to the IDS Center in downtown Minneapolis. Prior to this move, Cassidy Turley engaged its younger employees – known as millennials – in the office space conversation to gain an idea of what they had in mind for the future of the company. Millennials […]
Boston-based real estate investment and development firm Synergy Investments is continuing its spending spree, partnering with DivcoWest to buy a pair of office buildings and a parking garage in Boston’s Seaport District. Synergy is paying The Archon Group $53 million for the sale of these three properties. The properties include 319 A Street, a 48,000-square-foot […]
After years of slow growth, the Massachusetts condo market is heating up. A couple years ago, demand for condominiums was so low that real estate developers were converting condominium space into rental space. However, recent construction indicates that the tides have changed. In February of 2012, Tina Pizzuti-Brzezenski, a partner at Pizzuti Development, considered building […]
The Kraft Group is considering building an apartment building near the Gillette Stadium, reports the Boston Herald. However, the town planner of Foxboro said current zoning laws will not accommodate one-acre lots with single-family homes. The town planner Sharon Wason told the newspaper, “They’ve got to change the rules somehow so they can build apartments.” […]
Last week, Somerville’s Design Review Committee reviewed conceptual plans for Assembly Square’s mixed use Main Street development. The design included a cluster of building with large glass displays and offices that overlook the riverfront. The plans were laid out by Michael Giardina, Design Principal at Kling Stubbins, for two buildings in the Square. The first […]
A luxury high-rise tower on 45 Stuart Street near North Station was approved yesterday. The developer, AvalonBay, will begin construction on the 404 unit apartment tower within a few weeks. In fact, they have already applied for a foundation permit, says Scott Dale, Senior Vice President of Development for AvalonBay in Arlington, VA. The $425 […]
Somerville officials have embarked on the first phase of development in the Union Square Revitalization Plan. The city has begun the process of acquiring land surrounding the proposed Union Square Station. Acquiring 22 parcels, either by purchase or eminent domain, will cost an estimated $4.6 million. The first phase is essential for the development project, […]
On February 5, 2013 the East Cambridge Business Association released updated plans to revitalize Kendall Square as a world-renowned center of innovation. The goal of redevelopment is to create a vibrant, mixed-use district that will compliment innovations underway on MIT’s campus. ABG Commercial is excited about the development of the PUD-5 district. As the housing […]
Following the housing bubble, construction of new homes declined sharply. The effects of low home inventories were felt in 2012 and will continue throughout 2013. The MLS Property Information Network reports that prospective buyers in Massachusetts had 23% fewer homes to select from compared to this time last year. In fact, in just Boston alone […]
