AUG. 16 2024 'A BETTER CHAPTER' TENTATIVE DEALS REACHED FOR 6 MASSACHUSETTS STEWARD HOSPITALS
The fate of six hospitals formerly owned by troubled healthcare REIT Medical Properties Trust in MA has been made clearer after Gov. Maura Healey announced preliminary deals . . .Read More
AUG. 15 2024 'A PERMANENT EXTENSION': New Hampshire SEES A BOOST IN DEMAND AS JOBS AND POPULATION GROW
With swaths of developable land and a lower cost of living, New Hampshire may become a stomping ground for investors and developers . . .Read More
AUG. 14 2024 UNITED PROPERTIES BUYS VACANT MALDEN OFFICE BUILDING FOR 80% DISCOUNT
A Malden used landlord acquired a vacant five-story building at a steep discount . . .Read More
AUG. 7 2024 NEW STATE FUNDING COULD HELP FIX 'UNCONSCIONABLE' SENIOR HOUSING SHORTAGE
Daniel Hunt Sr., 67 was in a rough spot. He had lost his job at a local hotel, was battling prostate cancer, and his landlord was increasing the rent on his 2-bedroom apartment in Woburn . . .Read More
JULY 15 2024 FALLON CLOSES ON $215M CONSTRUCTION LOAN FOR FAN PIER RESIDENTIAL
Developer The Fallon Company has closed on a $215M construction loan from Bank OZK, at a time when financing is challenging for projects across . . .Read More
JULY 3 2024 WHAT GENERATIVE AI CAN DO FOR CONSTRUCTION RIGHT NOW
Aaron Anderson, the director of innovation for Swinerton, dishes on the tech and the tolls the firm uses to stay competitive . . .Read More
JULY 1 2024 MAINE GC SPOTLIGHTS PREFAB FACILITY
Wright-Ryan's Portland factory provides a controlled environment for millwork, wall and floor systems and employee training . . .Read More
JUNE 24 2024 THE LARGEST COMMERCIAL CONSTRUCTION STARTS FOR MAY 2024
An $11 billion LNG project in Texas and a $10 billion offshore wind farm in Virginia helped drive overall starts up 10%, according to Dodge . . .Read More
JUNE 24 2024 CLARK MAKES HEADWAY ON FIRST AFFORDABLE HOUSING IN TYSONS, VA
Amazon is funding $56 million of the project through its housing equity fund . . .Read More
JUNE 19 2024, OFFSHORE WIND INTERCONNECTION 'HUBS' NEEDED IN NEW ENGLAND, EVERSOURCE SAYS
Offshore wind 'cable spaghetti' is not necessary as developers vie for the best shore-based places to tie their projects to the power grid, panelists said Tuesday at a business event in Boston. . .Read More
JUNE 7 2024, UMASS CHAN MEDICAL SCHOOL OPENS $350M RESEARCH BUILDING IN WORCESTER
UMass Chan Medical School in Worcester has opened a new research and education tower that administrators say will strengthen the school's standing as a leader in developing cutting edge treatments. . .Read More
MAY 17 2024, AMAZON'S SEAPORT TOWER FIRST TO USE MIT SPINOUT'S LOW CARBON CEMENT
Four years after it was founded, Somerville startup Sublime Systems has the first commercial application of its low-carbon cement: Boston's largest 'net-zero' building, the new Amazon.com Inc. tower that's going up in the Seaport District. . .Read More
MAY 15 2024, BIOMED LANDS 683M MORTGAGE FOR KENDALL SQUARE BUILDING
BioMed Realty has secured a $683,129,325 mortgage through Japanese banking firm, Sumitomo Mitsui Banking Corporation, for the upcoming 16-story lab under construction at 585 Third Street in Kendall Square. . .Read More
MAY 9 2024, GENERAL CONTRACTORS CELEBRATE 100 YEARS.
The Associated General Contracts of MA (AGC MA) leadership and membership of AGC MA have worked together for a century to ensure that our industry is meeting the challenges of today while embracing the world of tomorrow. . .Read More
APR 19 2024 THE FIRST APARTMENTS AT SUFFOLK DOWNS CAN NOW BE RENTED
The first residents won't move in until June, but prospective tenants can now sign contracts for one of the 475 units set to open at the complex. . .Read More
APR 17 2024 MASSACHUSETTS GENERAL HOSPITAL TO ADD NEARLY 100 BEDS AFTER GAINING APPROVAL
The state Public Health Council unanimously approved a proposal by MGH and its parent system, Mass General Brigham, that will increase the total number of licensed beds in its main campus medical and surgical rooms. . .Read More
MAR 20 2024 WHY GREATER BOSTON LAB VACANCIES ARE STILL RISING IN 2024 -- AND HOW MUCH SPACE COSTS
At the end of 2023, vacant lab space in Greater Boston soared to a two-decade high. Despite optimism for an expected market improvement, new data shows lab vacancies are still on the rise in 2024. . . .Read More
MAR 20 2024 NEW RETAIL DEVELOPMENT PLANNED OVER MASS PIKE IN BOSTON
The new "European-Style" plaza will be perched right above the Mass Pike in the Back Bay at intersection of Mass. Ave, Boylston Street and Newbury Street. It will include new housing, stores, restaurants, a hotel and green space . . .Read More
MAR 20 2024 CONSTRUCTION FIRMS GROWING REVENUE FAST, DESPITE HIGH INTEREST RATES
Several construction companies are one of this year's Middle Market Leaders list, as one of the region's 50 fastest-growing companies . . .Read More
MAR 8 2024 WORK BEGINS ON NEW HOUSING AT FORMER UMASS LOWELL CAMPUS
Developer Trammell Crow Residential said Thursday it has started construction on a 340 unit development that'll be named Alexan Chelmsford . . .Read More
FEB 23 2024 WENTWORTH UNVEILS PLAN FOR 1400 NEW BOSTON DORM BEDS, ACADEMIC SPACE
Wentworth Institute of Technology announced a 10-year construction plan Wednesday that will "dramatically transform" its 31-acre Boston campus. . .Read More
FEB 20 2024 'UNICORN' STARUP ADDS 162M TO ITS SERIES D FUNDING
A local EV battery recycling company has raised another $162 million as part of a Series D round in order to build a million-square-foot factory. . .Read More
FEB 5 2024 REGULATORY UPDATE: DOL RULE COULD TURN CONTRACTORS INTO EMPLOYEES
In a highly anticipated ruling, the DOL on January 9 announced a final rule to help employers and workers better understand when a worker qualifies as an employee and when they may be considered an independent contractor. . .Read More
JAN 22 2024 CONSTRUCTION JOBS OPENINGS IN NOVEMBER RISE TO HIGHEST LEVEL SINCE 2022
The construction industry had 459,000 job openings on the last day of November, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics' Job Openings. . .Read More
JAN 18 2024 SMART LABS GETS 48M INVESTMENT, CEO SAYS'WE'RE NOT DONE'
SmartLabs, the leading provider of flexible laboratory infrastructure and resourcing solutions, today announced the raise of a $48 million Series C financing. The funding round. . .Read More
JAN 18 2024 FRANKLIN CUMMINGS TECH SECURES FUNDING TO BEGIN NEW CAMPUS CONSTRUCTION
Franklin Cummings Tech will start building its new campus in Roxbury's Nubian Square this spring after securing the last piece of financing it needed. . .Read More
DEC 7 2023 HOME PRICES ARE PROJECTED TO FALL NEXT YEAR IN GREATER BOSTON
After years and years of home-price increases, levels may finally fall next year in the Boston area, according to a new estimate. . .Read More
DEC 1 2023 BUCKING A TREND, SOME FIRMS HAVE SIGNED MAJOR BOSTON OFFICE LEASES RECENTLY
Boston's office vacancy stands at its highest rate since the pandemic, yet a number of firms have committed to major office footprints in Boston in the past year. . .Read More
NOV 3 2023 THESE ARE THE BIGGEST BUILDING PROJECTS AT THE LARGES HOSPITALS IN MA
From expansions to mergers to new contracts, Massachusetts hospitals are always growing, always changing. To help readers stay on top of all projects -- and therefore all the healthcare options are coming to Massachusetts. . .Read More
OCT 18 2023 HQO RAISED 50M+ IN NEW SERIES D FUNDING
Today HqO announced it secured over $50 million in Series D funding. Koch Real Estate Investments, a subsidiary of Koch Industries, led the round, which also saw participation from existing investors Accomplice, Insight Partners and Related. . .Read More
OCT 13 2023 SIMMONS UNIV. STARTS WORK ON NEW TOWER THAT'LL KICK OFF CAMPUS OVERHAUL
Simmons University is planning a dramatic remake of its Boston campus, including leasing its residential campus for 1.7 million square feet of mixed-use space. . .Read More
OCT 5 2023 CHARLESTOWN SET FOR BIG CHANGES AFTER CITY ADOPTS CONTROVERSIAL PLAN
The city last week adopted a new planning guide for Charlestown that has unlocked potential for economic development and housing production, though it has faced some high-profile opposition. . .Read More
SEPT 28 2023 HOW BOSTON DEVELOPERS, BROKERS ARE HANDLING THE OFFICE MARKET'S 'PARADIGM SHIFT'
The Boston office market has changed dramatically in the last three years, with developers and brokers being forced to shift the way they do business. . .Read More
SEPT 19 2023 78-YEAR-OLD BOSTON STADIUM TO GET $30M RENOVATION FOR NEW PROFESSIONAL WOMEN'S SOCCER TEAM
The National Women's Soccer League has decided to bring women's professional soccer back to Beantown, and a major stadium overhaul is coming with it. . .Read More
SEPT 17 2023 SPECIAL REPORT: MEET THE OFFICE OWNERS FIGHTING TO SAVE THOUSANDS OF OLDER BUILDINGS
Over the last three years, the office market has been punched repeatedly, knocked down and nearly counted out. But across the country, thousands of small office owners . . .Read More
SEPT 14 2023 WU PLANS TO REFORM BOSTON'S ZONING CODE IN 'A SEA CHANGE' FOR CITY
Boston's zoning code, a massive document that dictates what gets built in the city, hasn't been fully overhauled since its inception in the 1960s . . .Read More
AUG 25 2023 SEE WHAT BOSTON'S PLANNED HOLOCAUST MUSEUM WILL LOOK LIKE
A stainless-steel metal fabric will wrap the facade of the six-story building, representing the curtains that remained drawn in Jewish households as the Nazi regime gained power, according to the firm Schwartz/Silver Architects. . . .Read More
AUG 23 2023 NEARLY 600 UNITS PLANNED IN YET ANOTHER EVERETT PROJECT
Everett has seen one residential building after another go up in historically industrial areas off Revere Beach Parkway and Second Street. Now, one is planned for along the Malden River . . .Read More
AUG 15 2023 THIS BACK BAY CONDO SOLD FOR $30M, ONE OF THE HIGHEST PRICES IN BOSTON HISTORY
A condominium on the top floor of the One Dalton tower in Back Bay has sold for $30 million, one of the highest sale prices for a single-family home in Boston history . . .Read More
JULY 24 2023 HOMEBUYERS FACE SUPPLY AND PRICING CHALLENGES. WHAT CAN UNLOCK THE HOUSING MARKET'S RIGHT INVENTORY?
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1.43 million, according to the US Census Bureau, down 8% from May and down 8.1% from June 2022 . . .Read More
JULY 17 2023 DOWNTOWN REVITALIZATION STRATEGIES WILL NEED TO GO BEYOND OFFICE CONVERSIONS, EXPERT SAY
The group is taking a multi pronged approach to bring people downtown, including revitalizing condemned or abandoned buildings, helping to facilitate new construction . . .Read More
JULY 12 2023 NEW LIGHTHOUSE? END-ZONE BEER HALL? HERE'S GILLETTE STADIUM'S 250M MAKEOVER
With the Patriots' season opener a couple months away, it's two-minute drill time for the Krafts and their $250M upgrade to Gillette . . .Read More
JULY 7 2023 SUFFOLK GROWS ITS AVIATION BUSINESS WITH $60M TAMPA AIRPORT PROJECT
While working in the public sector, Sleiman was named Engineering News-Record's Top 25 Newsmakers of 2009 for pioneering the use of warm-mix asphalt. . .Read More
JUNE 9 2023 NEW HAVEN CT, PARTIAL BUILDING COLLAPSE PROBE CONTINUES Eight workers fell two stories on June 2 after concrete failure in an area. The US Occupational Safety & Health Administration continues"Read More
