Boston
WeWork Joins Boston Startup Madness with Two Shared Offices
Judging by the number of large companies that recently moved in Boston’s buzzing Financial District or are building their own high-profile business centers in the fast-growing Seaport District, the Hub is one of the cities that almost fully recovered from the economic downturn. While this translates into big cash revenue for the city, low vacancy rates and soaring rents have forced small-sized businesses reconsider their options for office spaces.
Mount Vernon Co. Opens $125M M-F Residence in Boston
The Mount Vernon Co. has developed The Edge, a new 79-unit multi-family property designed by Prellwitz Chilinski Associates, as the latest addition to the six-building, 500-unit Allston Green District in Boston.
Shorenstein Acquires 717 KSF M-U Property in Boston
Shorenstein Properties has acquired Center Plaza, a 717,100-square-foot, transit-oriented mixed-use property in downtown Boston for a reported $307 million.
Apartments and Retail to Replace Vacant Bowling Alley in Dorchester
Phoenix-based Lucky Strike Development is planning to enliven the former Fields Corner bowling alley in South Dorchester which was closed in 2007 after serving the neighborhood for five decades.
ASB Acquires 4 Retail Properties in Boston for $91M
ASB Real Estate Investments, acting on behalf of its $3.1 billion Allegiance Real Estate Fund, recently joined forces with real estate firm Blatteis & Schnur to plunk down $91.2 million in cash on the acquisition of a collection of four retail-office buildings totaling approximately 51,250 square feet in the ritzy Back Bay neighborhood of downtown Boston.
Related Beal Buys 4-Building Property in Boston from Fidelity Investments
Related Beal has bought the 343,000-square-foot The Block on Congress from Fidelity Investments in a sale-leaseback transaction that allows the new owner to make plans for the near future.
HFF Arranges $115M in Financing for M-F Development in Boston
The developers of One Greenway, a Class A multi-housing property that just broke ground along the southern end of the Rose Kennedy Greenway in Boston’s Chinatown, have received $115 million in financing.
BRA Approves $63 Million Dorm for Emerson College
As the Menino administration is coming to an end, the Boston Redevelopment Authority (BRA) has been busy unloading a number of development projects from its plate before Mayor-elect Marty Walsh and his staff step in on January 2.
Two Mid-Priced Hotels to Add 510 New Rooms Near the Convention Center
The Hub is set to become a top convention destination as two hotel projects broke ground last week on D Street in South Boston Waterfront, directly across from the Boston Convention and Exhibition Center.
Equity Office Properties Sells 649 KSF Boston Suburb Office Park for $237M
The Blackstone Group’s Equity Office Properties affiliate has closed the sale, for $237 million, of Wellesley Office Park, a 649,184-square-foot office park in Wellesley, Mass.