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December 2, 2021

Blackstone Affiliate Pays $150M In Sale-Leaseback Of Boston Harbor Oil And Gas Terminal

Free for breakfast Dec. 7? Hear how Cambridge is creatively finding more office and lab development space

Link Logistics Real Estate purchased an oil and gas terminal in Revere for $150M in a sale-leaseback transaction, giving the Blackstone company a prominent Boston Harbor port.

Blackstone Affiliate Pays $150M In Sale-Leaseback Of Boston Harbor Oil And Gas Terminal

Revere Terminal owner Global Partners LP entered the purchase and sale agreement with Link Logistics last month, according to a Securities and Exchange Commission filing, and will lease back infrastructure including tanks, dock access rights and loading rack infrastructure. The Revere Terminal, along the…

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Cambridge Officials Temporarily Table Talk On Huge Hike On Developer Linkage Fees

Cambridge officials aren’t expediting a vote on a potentially massive hike on developer linkage fees in Cambridge, instead turning their attention to a jobs linkage fee.

Cambridge Officials Temporarily Table Talk On Huge Hike On Developer Linkage Fees

Councilors in September backed raising the fee on developments 30K SF and larger to $33.34 per SF, a nearly 67% increase from the current $20.10-per-SF rate, Cambridge Day previously reported. But Cambridge Housing Committee members on Wednesday voted 3-2 against giving the linkage fee proposal a favorable recommendation…

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Watertown Landlord Keeps Up With Skyrocketing Rents In Tenant Switch, Lease Expansion

Watertown Landlord Keeps Up With Skyrocketing Rents In Tenant Switch, Lease Expansion  

A Watertown landlord secured a new 66K SF lease extension from one of its lab tenants, locking in a higher rent more in line with market rates for the space after paying the previous tenant $2M to leave.

Biopharmaceutical tenant C4 Therapeutics agreed to 10 more years at Clarion Partners' 490 Arsenal Way, according to Securities and Exchange Commission filings. C4 Therapeutics, which develops oncology medicines, will pay $105M over the lease for its headquarters at its current 45K SF and new 66K…

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2022 Will Be A Year Of Experimentation For Hotels As They Reconsider Guests' Needs And Wants

The spread of vaccinations throughout much of the past year reignited leisure travel in many cities and brought the hospitality industry back from the brink. But business travel remains largely suppressed, and with the omicron variant officially in the U.S., hotel operators may have to continue without that key source of revenue for even longer.

And the pandemic isn’t the only factor limiting revenue.

“I can remember when room service was a big moneymaker for hotels, but all that has dried up,” according to Maverick Hotels and Restaurants CEO Robert Habeeb, who in March opened the 223-room Sable at Navy Pier hotel on Chicago’s Navy Pier. “With the advent of Grubhub and Uber Eats, guests now have the option of picking their favorite restaurants and having the food brought to their room.”

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Are Security Deposit Alternatives A Viable Method Of Increasing Access To Housing?

 

With the state of housing affordability seemingly mired in intractable crisis, both the public and private sectors are seeking changes to any part of the system that would make a difference. Though it might not be the central issue, needing an upfront cash security deposit is one barrier a growing number of companies are targeting.

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