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August 25, 2022

Industrial Project On Former Rail Yard In Hyde Park Sells For $105M

Hear How Boston Properties Is Achieving Net-zero Carbon In Boston Sept. 27

An industrial development on the site of a former MBTA rail yard in Hyde Park has sold in a nine-figure deal.

Industrial Project On Former Rail Yard In Hyde Park Sells For $105M

Boston-based Intercontinental Real Estate Corp. acquired the site, where three of five planned industrial buildings have been developed since 2017, from First Highland Management & Development for $104.7M, according to public records from the Suffolk Registry of Deeds.The firms didn't respond to requests for comment on the deal. The 21-acre…

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Baker Picks Developer For $1B Transformation Of State-Owned Building In Downtown Boston

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Leggat McCall Properties has been chosen for the $1B redevelopment of the Charles F. Hurley building in downtown Boston, Gov. Charlie Baker's administration announced Wednesday. The firm will be working with the state to redevelop the 5.5-acre site at the intersection of

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BIPOC-Led Affordable Housing Developers Still Waiting For Promised Investments As Need Grows

BIPOC-Led Affordable Housing Developers Still Waiting For Promised Investments As Need Grows

Local affordable housing developers, facing hurdles new and familiar since the pandemic, are still waiting to see how the outpouring of promises to invest in developments led by people of color will help them. Following the fervent calls for racial equity that erupted in 2020, many banks…

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Return-To-Office Reluctance vs. Recession: How Opposing Forces Could Impact Office

Office owners and employers nationwide have more months of uncertainty ahead as an expected recession and the well-worn dynamics of a downturn combine with the vagaries and unpredictability of the return-to-office movement.

Recessions usually mean more power for employers as workers worry about their jobs, which could create leverage for getting people back to the office instead of serving as a salary governor as in downturns past. But in a post-Covid world, nothing is that simple.

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