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MEDFORD, MA-The Massachusetts Highway Department gives $12 million to the Telecom City project, a 200-acre, $750 million development located here and in Malden and Everett to improve its road infrastructure. Despite the current economic climate, the project is forging ahead.
NATICK, MA-The town of Framingham is considering what to do with a 14.5-acre parcel it owns here. An effort to sell the parcel to a developer was rejected because many residents want to see the property remain as conservation land.
WORCESTER, MA- The University of Massachusetts-affiliated Worcester City Campus Corp. acquires 100 Century Dr. here in the Worcester Corporate Center for $6.8 million. The 81,500-sf building will be used by the University of Massachusetts Medical School while its building undergoes an approximately $50 million renovation.
BOSTON-The Massachusetts Turnpike Authority delays putting out the request for proposals to design the surface artery here--the huge swath of land that will run through the heart of the city here when the Big Dig puts the highway underground.
NORTH ANDOVER, MA-Lucent Technologies Inc. is in negotiations to give its manufacturing work here to a contract manufacturer. A spokeswoman for the company tells GlobeSt.com that the move will mainly affect the company's major plant here.
STOW, MA-In an effort to increase the diversity of the town's housing stock and to give more local control over residential projects built here, the town considers requiring potential developers to include a certain percentage of affordable housing in their projects.
GREATER BOSTON-It is yet to be determined how Kmart Corp.'s filing for Chapter 11 reorganization will impact the 29 stores the discount retailer has in this state. A local specialist in shopping center sales tells GlobeSt.com that the bankruptcy process could be a cumbersome one for area shopping center owners.
HOPKINTON, MA-Miraj Ahmed receives approvals from this town's zoning board of appeals to develop a 56-unit condominium complex here on School Street. There was concern over the project's impact on the local water supply but the developer has agreed to dig a well to serve the complex.
GREATER BOSTON-Despite the recession, Home Depot continues to expand its presence in the area. The national home-improvement chain, which already has 27 stores in the state, plans to open seven more stores here within the next year.
BOSTON-The Boston Redevelopment Authority wants to increase the allowable heights for buildings in the financial district but a city councilor objects to the way the city agency proposed the idea. The agency has agreed to do an impact analysis on the proposed zoning change.
From Placer.ai
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Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource