Massachusetts
MassDevelopment, Eastern Bank Provide $25M to Build Affordable Rental in Chelsea
MassDevelopment has issued a $24.5 million tax-exempt bond for TND 170 Cottage LLC, an affiliate of The Neighborhood Developers, Inc.,… Read more
Crescent Heights Eyeing 280-Unit Miami Condo
Crescent Heights is proposing to build a 26-story, 280-unit condo tower in the Miami Arts & Entertainment District. Short-term rentals… Read more
Chicago Apartments Part of $10B Blackstone, AIR Communities Deal
Blackstone will acquire Apartment Income REIT Corp., known as AIR Communities, in an all-cash transaction valued at approximately $10 billion,… Read more
Marcus & Millichap Brokers $5M Sale of Dorchester MF Property
Marcus & Millichap announced the sale of a 20-unit multifamily property in Dorchester, MA, for $5.29 million. The four-story property… Read more
BREIF Launches Investment Offering on $400M Seaport Life Sciences Building
Small Change and the Boston Real Estate Inclusion Fund (BREIF) are offering an investment opportunity in a $400 million life… Read more
It’s Time to Nominate CRE’s Rising Stars for 2024
The deadline is drawing near for nominations in Connect CRE’s eighth annual Next Generation Awards. Although response has been positive,… Read more
Blackstone Taking Apartment Income REIT Private for $10B
Blackstone and Apartment Income REIT Corp. (AIR Communities) said Monday that Blackstone Real Estate Partners X will acquire all outstanding… Read more
Back Bay Mixed-Use Building Adds 67K SF of Office Leases
Capital Properties and Colliers have announced recent leasing activity at the Park Square building in Boston’s Back Bay, with over… Read more
Boston Office Vacancies Rise; Industrial, Life Science Slow Down
In Greater Boston’s real estate landscape, the first quarter of 2024 witnessed a nuanced shift across office, industrial, and life… Read more
Gen Z Will Spend $145,000 on Rent by Age 30
The upper edge of the Gen Z age cohort (those born between 1997 and 2012) has entered adulthood and the… Read more
Manufactured Housing: A Mixed Bag
Marcus & Millichap’s 1H 2024 “Manufactured Home Communities National Report” offered a mixed bag of good and not-so-good news. Specifically,… Read more
Lab Developer Alexandria Buys Allston WBZ Studio Site
An affiliate of Alexandria Real Estate Equities Inc. has purchased the WBZ-TV studio site in Allston for $7 million from… Read more
Kraft Execs Unveil Plans for Everett Soccer Stadium
Executives from The Kraft Group have unveiled plans for a new soccer stadium for the New England Revolution in Everett,… Read more
Cushman & Wakefield Arranges $25M Quincy MF Building Sale
Cushman & Wakefield has facilitated the sale of Hillside Residences, a 60-unit luxury Class A multifamily building at 23 Bridge… Read more
We’re Looking for More of 2024’s Rising CRE Stars
Response to our call for nominations in Connect CRE’s eighth annual Next Generation Awards has been positive. However, we look… Read more
Governor Healey Announces Lowell Economic Development
Governor Maura T. Healey announced a milestone in the Lowell Innovation Network Corridor (LINC) project, bringing new housing, economic development,… Read more
Historic Boston Hotel Site Redevelopment Returns to Plan A
In a strategic move, developers Jas Bhogal and Thomas Calus have reapplied to the Boston Planning and Development Agency to… Read more
Greater Boston Industrial Construction Pipeline Falls by 80%
The industrial real estate market in Greater Boston, which saw significant growth during the pandemic, is now experiencing a slowdown,… Read more
GFI to Redevelop 33-Acre Parcel in Grafton
Boston-based real estate firm GFI Partners has purchased a 33-acre parcel at 124 Westboro Road in Grafton, MA, from MassDevelopment… Read more