ArchiWise tracks 11 stories about real estate, zoning, permitting, and policy in Massachusetts. We surface the local decisions (rezonings, council debates, infrastructure investment, hazard mapping updates) that change how property gets built and bought. Updated as new coverage publishes.
CIM Group has sold the Motor Mart Garage in Boston's Back Bay to Related Beal for an estimated $89M, significantly below its 2016 purchase price. This transaction follows CIM's inability to advance a previously approved 20-story, 306-unit condo tower project on the site.
Read articleNews from Boston, Suffolk County, Massachusetts
Boston-based developer Redgate has completed its third multifamily property sale in Revere, divesting the 195-unit One Beachmont to Nuveen Alternatives Advisors for $77M. This transaction adds to a series of significant commercial real estate deals recently closed in the Revere Beach area.
Read articleNews from Revere, Suffolk County, Massachusetts
Boston's premium office market is experiencing unprecedented rent increases, primarily fueled by law firms seeking top-tier spaces. This surge occurs despite a broader market slowdown and a complete absence of new office construction, leading to tight supply in luxury properties.
Read articleNews from Boston, Suffolk County, Massachusetts
Philadelphia-based Equus Capital Partners, in a joint venture, has acquired Centech Park North, a 300,075-square-foot industrial development in Shrewsbury, Massachusetts, which was fully leased at the time of sale.
Read articleNews from Shrewsbury, Worcester County, Massachusetts
Seattle-based Tourbineau Real Estate Partners has acquired a 93,000 square-foot office building in Cambridge for $25M, with plans to transform it into 125 to 150 housing units, marking a significant adaptive reuse project for the city.
Read articleNews from Cambridge, Middlesex County, Massachusetts
Boston's era of high-rise apartment and condo tower construction has ended, as developers pivot to suburban low-rise projects due to prohibitive building costs and flat rental market growth. Industry leaders do not foresee a return to urban high-rise development in the near future.
Read articleNews from Boston, Suffolk County, Massachusetts
Autonomous software company Blitzy has signed a 52,000 square-foot lease at One Kendall Square, marking the largest office deal in Cambridge this year and highlighting a growing trend of AI companies expanding in the city. This move by the rapidly growing startup, which recently raised $200M, is seen as a significant boost for Cambridge's office market.
Read articleNews from Cambridge, Middlesex County, Massachusetts
A partnership led by Hendrie Lane Capital has purchased a 171,000 square-foot advanced manufacturing and R&D facility in Andover, Massachusetts, for $43.5 million, marking its entry into a new investment strategy focused on the sector.
Read articleNews from Andover, Essex County, Massachusetts
The Davis Cos. has listed a 130-unit historic residential portfolio spanning 16 properties across Boston's Beacon Hill and Back Bay neighborhoods. Marketed as Sentry XVI, the offering represents a rare scale in high-barrier submarkets.
Read articleNews from Boston, Suffolk County, Massachusetts
Affinius Capital and Axonic Capital have originated a $48 million construction loan for a new 130-unit Class A apartment building in suburban Boston. The five-story project at 7 Hartwell Avenue will feature 110 market-rate apartments and 20 designated affordable units alongside ground-floor retail.
Read articleNews from Lexington, Middlesex County, Massachusetts
Berkeley Partners has acquired two specialized industrial and R&D properties totaling 124,000 square feet in suburban Boston from McCord Development for $36 million, adding to its regional multi-asset portfolio.
Read articleNews from Marlborough, Middlesex County, Massachusetts