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November 16, 2021

Boston CRE Players Holding Fire On Wu's Challenges To Development-Friendly City Hall

Industrious discusses the rapid evolution of the coworking space Nov. 18

Players in Boston’s thriving commercial real estate industry say they are withholding judgment on Boston Mayor Michelle Wu’s administration for now, expressing cautious optimism as they wait to see how the progressive Wu’s challenges to the development-friendly City Hall unfold.

Boston CRE Players Holding Fire On Wu's Challenges To Development-Friendly City Hall

Wu was sworn in Tuesday during a ceremony inside Boston City Hall’s City Council chamber attended by local, state and federal officials. She hits the ground running after an unusually quick two-week transition from her election victory, a timeline kicked off by former Mayor Martin Walsh’s…

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Cambridge Begins Formal Review Of Alewife Lab Moratorium Against A Second Developer's Wishes

Cambridge officials Monday initiated a review of a lab and office zoning moratorium in Alewife, moving forward the city’s most formal opposition yet to life sciences development and drawing the attention of a second major life sciences developer.

Cambridge Begins Formal Review Of Alewife Lab Moratorium Against A Second Developer's Wishes

The Cambridge Planning Board and the Ordinance Committee will discuss the proposed policy order imposing a zoning moratorium through the end of 2023. Seven of Cambridge’s nine city councilors voted in favor of initiating the review, which officials introduced earlier this month in response to REIT

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Trammell Crow Taps Former Hobbs Brook CEO, Tishman Veteran To Lead Its Boston Office

Trammell Crow Taps Former Hobbs Brook CEO, Tishman Veteran To Lead Its Boston Office  

Trammell Crow has hired Sam Schaefer to run its Boston office, tapping the former Hobbs Brook Real Estate president and CEO and Tishman Speyer executive to source financing and build the company’s portfolio in office, multifamily, life sciences and industrial markets. Schaefer most recently led Waltham-based Hobbs Brook for two…

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Boston Condo Sales Could Reach A Record $5B By The End Of The Year

Boston Condo Sales Could Reach A Record $5B By The End Of The Year  

Condo buyers are returning to Boston’s urban core and are expected to spend a record $5B by the end of the year, according to a new Advisors Living report. The total sales volume is set to blow past the previous record of slightly more than $4B in condo sales volume and last year’s…

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Outdoor Dining's Path To Permanence Still Being Charted

 

LOS ANGELES — As Los Angeles continues to enjoy warm fall weather before temperatures start to cool, clusters of outdoor diners and drinkers have flocked to sidewalks and curbside parking spaces across the city to reap the rewards of a temporary city program.

The program, enacted during the coronavirus pandemic, has shifted the way that owners and operators of restaurant spaces think about the outdoors in relation to their business. 

The city of Los Angeles’ Al Fresco plan was originally created to be a temporary solution for restaurants faced with new regulations caused by the pandemic. More than a year-and-a-half later, restaurants are still struggling to repay back rent, weather staffing shortages and generally keep their doors open, and it seems many in the industry would like to see the program made permanent.

This widespread support prompted California Gov. Gavin Newsom to extend the statewide program through the end of the year, but how and when it becomes permanent remains up in the air, as does the impact for the future of restaurant leases. 

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