Boston
Hines Global REIT Buys 510 KSF Office Center in Boston Suburb
Hines Global REIT has acquired Riverside Center, a 510,000-square-foot, three-building office complex in the Boston suburb of Newton, Mass., from Equity Office Properties for $197 million.
Boston’s Housing Inventory to Grow by 30,000 Units by 2020
In a speech delivered on March 25 before the Boston Municipal Research Bureau, Mayor Thomas M. Menino unveiled an ambitious plan to add 30,000 new housing units in the city by the year 2020.
IKEA to Expand Existing Boston-Area Store
Swedish furniture giant IKEA is planning to expand its Stoughton, MA self-serve store by nearly 59,000 square feet, the company announced last week.
K-8 Public School to Replace Mitt Romney’s Former HQs in Boston
In an effort to respond the demand for more schools in Boston’s Downtown area and allow more children to attend schools closer to their homes, city officials unveiled plans to purchase the former national headquarters for the Mitt Romney presidential campaign and transform it into a public elementary school (or a “K-8 Public School”).
Facebook Hunting for Office Space, Plans a Return to Boston
Commercial real estate brokerage Newmark Knight Frank is on a mission to find around 7,000 square feet of office space office space for Facebook, the Menlo Park, CA-based social media giant. Founded nine years ago by then Harvard student Mark Zuckerberg, the $66 billion social media giant is looking to return to the Kendall Square area of Cambridge and be near the MaSSACHUSETTS Institute of Technology (MIT) and other major tech companies such as Microsoft, Google and Nokia.
Kavanagh Advisory Group to Develop Residential, Office Space in Boston
As the Navy Yard is a National Landmark, the $16 million project designed by BH+A Architects of Boston follows the guidelines of the Historic Monument Area design, which are in agreement with the National Park Service, Massachusetts Historical Commission, Boston Landmarks Commission, and the BRA.
BRA Approves $200 Million Residential Tower in the West End
A development team including AvalonBay Communities, Exclusive Real Estate, Goulston & Storrs and CBT Architects has received unanimous approval for a 38-story residential high rise planned for Boston’s West End neighborhood, on an empty site between TD Garden and the Charles River.
Suffolk Develops $400M BioMed Research Facility at UMass
The Albert Sherman Center, a 512,000-square-foot biomedical research and education facility, has opened at the UMass Medical School campus in Worcester, doubling the school’s research capacity.
Massachusetts Commits to $67 Million for 23 Affordable Housing Developments Across the State
Keeping up with the state’s efforts to support new housing developments, the Pattrick-Murray administration revealed last week it has committed $67 million in affordable housing resources and tax credits that would back 23 developments in 21 communities across Massachusetts.
Rubenstein Acquires 500 KSF Boston-Metro Office Portfolio
Rubenstein Partners purchased CenterPoint, a 500,000-square-foot office park in Waltham, Mass., for $68 million in a JV partnership with Saracen Properties.