Boston & New England

MassDevelopment announced that Bran Shim has joined the agency as EVP and CFO. Shim will serve as a member of the agency’s executive team and provide enterprise-wide financial leadership and stewardship, including oversight of all financial and accounting functions for the agency.  “Bran Shim has spent more than a decade helping strengthen the Commonwealth’s financial foundation through …

The City of Boston put much of its $560 million in pandemic-era relief funds into building housing. As a result, Boston has seen more than 6,200 new income-restricted units built or under construction during Mayor Michelle Wu’s first term, the highest level of production in the past 25 years, according to a new report from …

The Boston Society of Civil Engineers Section (BSCES) has given Massachusetts infrastructure the barely passing grade of D+ in its inaugural 2026 Report Card for Massachusetts’ Infrastructure. The society said the grade mean the infrastructure is in poor condition, at risk, and urgently in need of investmen . The grade is two steps below the national infrastructure grade …

Massachusetts Gov. Maura Healey announced $93 million in new capital investments for Springfield’s MassMutual Center over the next five years. The commitment represents the largest investment in the facility’s history, according to the governor’s office. The improvements will modernize the arena and convention center, enhance accessibility and safety, improve the visitor experience, support the Springfield Thunderbirds, …

The Hamilton Company has leased approximately 10,000 square feet to Sprit Halloween at 55 Riverside Ave. in Medford, MA, which formerly housed a CVS. The retailer will open more than 1,550 seasonal locations this year across strip malls and shopping centers throughout North America, signaling the start of the Halloween season. “We are excited to have Spirit Halloween in our …

L&G’s Asset Management business in the U.S. has acquired a development site at 292-294 Baker Ave. in Concord, MA and plans to begin construction on a two-building, 201-unit multifamily community. The company’s first ground-up development in the U.S., the project continues L&G’s partnership with Taurus Investment Holdings, LLC. The investment is being made on behalf …

The Ardent Companies and Ironwood Development Partners announced the opening of a Class-A self-storage facility in Woonsocket, RI. Located at 153 Hamlet Ave., the three-story, 80,000-square-foot property features 913 climate-controlled units. It will be managed by Extra Space Storage. The project marks Ardent’s first completed development in Rhode Island and the 10th asset delivered through its Self-Storage Development …

The Wellington Resort in Newport, RI has been listed for sale by Gustave White Sotheby’s International Realty, the Providence Business Journal reported. Located at the intersection of Thames Street and Wellington Avenue, the waterfront property is listed for $55 million. The resort at 551 Thames St. features 52 two-bedroom suites across four buildings. The Newport zoning …