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February 28, 2023

This Week's Boston Deal Sheet

Gil Stevens At Ultragenyx Discusses Partnerships In The Life Sciences Real Estate Industry March 28
National Development filed a proposal for the development of a three-building lab project that would replace an office park near the Burlington Mall.

This Week's Boston Deal Sheet

The Newton-based developer applied for a special permit to replace two existing office buildings at 1200 and 1700 District Ave. with two life sciences buildings totaling 465K SF and build a third, 190K SF life sciences building on an undeveloped site that was previously approved for office. The developer said in a cover letter…

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Top Stories on Bisnow.com

First Round Of CHIPS Act Funding Unlocks $39B For Manufacturing Of Semiconductors First Round Of CHIPS Act Funding Unlocks $39B For Manufacturing Of Semiconductors
Companies Still Want Office Space, But They Also Want To Stay Nimble Companies Still Want Office Space, But They Also Want To Stay Nimble
Supreme Court Ruling In Bankruptcy Case Could Pose Risk For Informal Partnerships Supreme Court Ruling In Bankruptcy Case Could Pose Risk For Informal Partnerships
Fed Economists Warn CRE Valuations Could Take A Tumble Fed Economists Warn CRE Valuations Could Take A Tumble
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Biotech Firm Dissolves, Terminates 85K SF Cambridge Lease With Alexandria

Biotech Firm Dissolves, Terminates 85K SF Cambridge Lease With Alexandria

Rubius Therapeutics, a life sciences company that went public at a $2B valuation in 2018, has now dissolved and liquidated assets including its headquarters in Cambridge and its manufacturing facility in Rhode Island.The firm terminated its 85K SF headquarters lease with Alexandria Real Estate Equities at 399 Binney St. in Kendall Square, according to documents filed…

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Tishman Plans New Fort Point Lab Project Near Gillette Headquarters

Tishman Plans New Fort Point Lab Project Near Gillette Headquarters

Tishman Speyer filed a proposal for a new lab project on a site that was previously owned by shaving company Gillette. The New York-based developer, along with its Breakthrough Properties joint venture, filed a letter of intent Monday with the Boston Planning & Development Agency to turn part of a parking lot at 232 A St.…

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In Case You Missed It...

'It’s Like Threading A Needle': Boston Developers Struggle To Fill Affordable Units As Wu Pushes For More 'It’s Like Threading A Needle': Boston Developers Struggle To Fill Affordable Units As Wu Pushes For More
Real Estate Group Launches $400K Lobbying Campaign Against Wu’s Rent Control Plan Real Estate Group Launches $400K Lobbying Campaign Against Wu’s Rent Control Plan
New Rezoning Plan Could Spur More Walkable Development On 100 Acres Around Burlington Mall New Rezoning Plan Could Spur More Walkable Development On 100 Acres Around Burlington Mall
Boston Selects 17 Affordable Housing Projects To Receive $67M In New Investments Boston Selects 17 Affordable Housing Projects To Receive $67M In New Investments
Mayor Wu Submits Finalized Rent Control Proposal To City Council Mayor Wu Submits Finalized Rent Control Proposal To City Council
 
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Brookfield Sees $825M Wiped From Value Of Office Portfolio, But Shows Debt Market Is Open

Brookfield Sees $825M Wiped From Value Of Office Portfolio, But Shows Debt Market Is Open   Brookfield’s property division saw the net value of its office portfolio drop by $825M last year, due mainly to the impact of rising cap rates. But it also managed to raise new debt recently in spite of the volatility in financing markets. Brookfield Property Partners, the division that owns Brookfield’s office and retail properties as well as stakes in its real estate opportunity funds, said in full-year results that income from its portfolio increased slightly, though the value of its office and retail holdings dropped. The company…

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Meet The Woman Who's Trying To Save Downtown D.C. By Doing The Unthinkable: Making It Fun

Meet The Woman Who's Trying To Save Downtown D.C. By Doing The Unthinkable: Making It Fun   Anna Valero has few days off. The hospitality veteran’s business empire has evolved from event planning to ax-throwing and pickleball, but on a recent Friday in February, she had to fill in as a manager at her bar and event space, Hook Hall, when the team was short-staffed."It's kind of fun," Valero said when Bisnow caught her during the shift for an interview. "It's one of those things where there's almost a little bit of pride in the fact that you're like, 'Oh, I remember how to do this. Give me a couple hours, folks.'" Running a…

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