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June 28, 2022

This Week's Boston Deal Sheet

Lab Hot Spots: Somerville Vs. The Seaport Developers Weigh In On Boston's Top Locations July 19

Newton-based Fulcrum Global Investors has submitted plans for a 643-unit, high-rise apartment complex in Everett. 

This Week's Boston Deal Sheet

Branded as Sofia, the project is planned to total 675K SF on a 1.6-acre parcel at 380 Second St. The site currently houses a 30K SF warehouse, the Banker & Tradesman reported.The building is planned to feature a mix of studios to two-bedroom units, and 10% of the units would be income-restricted. The complex would also…

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Top Stories on Bisnow.com

More CRE Deals Coming In Second Half Of '22, PwC Predicts More CRE Deals Coming In Second Half Of '22, PwC Predicts
Developer Suing JV Partner Over $500M Amazon Data Center Deal Developer Suing JV Partner Over $500M Amazon Data Center Deal
EB-5 Centers Reopen For Now, Bringing Back Key Capital Source EB-5 Centers Reopen For Now, Bringing Back Key Capital Source
Tribe's Supreme Court Win Could Herald Eventual Casino Legalization In Texas Tribe's Supreme Court Win Could Herald Eventual Casino Legalization In Texas
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Alexandria Buys Chunk Of Kendall Square Lab Building For $120M

Alexandria Buys Chunk Of Kendall Square Lab Building For $120M

Alexandria Real Estate Equities has acquired part of a lab building for $120M in Kendall Square.The real estate giant bought part of the third floor and the entirety of the fourth floor of 1 Hampshire St. from Schlumberger

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Bisnow Reached Out To 46 CRE Firms Following Roe v. Wade Decision. Most Remain Silent

Commercial real estate’s biggest players are largely silent on the subject of Roe v. Wade’s reversal, days after the historic ruling by the U.S. Supreme Court that pinched one of the most sensitive nerves in American society.

In a ruling stating that the Constitution doesn’t ensure the right to an abortion, the Supreme Court gave the power to legalize or ban the procedure back to states. Fifteen states have laws active now or within the next 30 days that will ban or severely restrict abortions, with four more states expected to ban most or all abortions in the near future, The Washington Post reported.

Bisnow reached out to about four dozen of the top names in commercial real estate development, investment, financing and brokerage to gauge their reactions and determine if and how they intend to alter employee benefits following the decision.

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In Case You Missed It...

Red Sox Owners Switch From Defense To Offense In Developing Fenway Area Red Sox Owners Switch From Defense To Offense In Developing Fenway Area
Japanese Pharma Giant Leases Entire 600K SF Lab Project In Kendall Square Japanese Pharma Giant Leases Entire 600K SF Lab Project In Kendall Square
New $400M Expansion Plan For Boston Convention Center Moves Forward New $400M Expansion Plan For Boston Convention Center Moves Forward
Inflation, Interest Rate Hikes Present New Risks For Boston’s Multifamily Market Inflation, Interest Rate Hikes Present New Risks For Boston’s Multifamily Market
BioMed Realty Lands 5 New Tenants At South End Lab Project BioMed Realty Lands 5 New Tenants At South End Lab Project
 
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MBTA: Bulfinch Crossing Developers Damaged Tunnel, Forcing Orange, Green Lines To Suspend Service

MBTA: Bulfinch Crossing Developers Damaged Tunnel, Forcing Orange, Green Lines To Suspend Service

The MBTA has indefinitely halted some service on its Orange and Green lines after discovering deteriorated support columns in the tunnels near Haymarket station, which the agency blames on recent construction at the Government Center Garage.The MBTA plans to hold

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Real Estate Forcefully Pushes Back On SEC's Proposed Emissions Reporting Rules

 

Major players in the commercial real estate industry are urging the Securities and Exchange Commission to pump the brakes on a key piece of its proposed emissions reporting rules, saying it's too difficult to compile the data.

Industry groups like Real Estate RoundtableNareit and the Commercial Real Estate Finance Council wrote comments to the SEC last month advocating against individual companies being required to report emissions generated by certain building materials or tenants, a key component of the agency’s proposed climate change disclosure rule.

These comments, echoed by executives at firms like JLL and Prologis, show the industry is concerned about its ability to comply with the SEC’s proposed reporting regulations, despite comments submitted by many institutional investors cheering on the transparency required under said rules.

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