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March 7, 2023

BPDA Chief Says Wu's Housing Policies Likely To Be Tweaked 'To Catch Up With The Current Moment'

Hear From Beacon Capital's Alan Koder On Collaborative Partnerships In The Life Sciences Space March 28
As Mayor Michelle Wu's proposals on housing and development face strong pushback from the real estate industry, her top planning official signaled a willingness to compromise on the details.

BPDA Chief Says Wu's Housing Policies Likely To Be Tweaked 'To Catch Up With The Current Moment'

Boston Planning & Development Agency Director James Arthur Jemison on Tuesday morning addressed the industry's concerns around proposals to bring rent control back to the city and to change the inclusionary development and linkage fee policies, ideas that some real estate leaders believe will slow development in the city. Jemison, speaking onstage with The Mount Vernon Co. founder Bruce Percelay at Bisnow's…

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This Week's Boston Deal Sheet

Realty Income Corp. acquired a portfolio of 415 single-tenant convenience stores, including 116 in Massachusetts, from EG Group in a $1.5B sale-leaseback agreement.

This Week's Boston Deal Sheet

Cumberland Farms stores make up over 80% of the rent the portfolio generates, according to a press release. Other brands include Tom Thumb, Fastrac and Sprint."We believe this portfolio includes brands that are among the most recognizable convenience store brands on the east coast, and the convenience store industry has…

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Flexible Lab Provider Leases Entire Third Floor Of Redeveloped Cambridge Mall

Flexible Lab Provider Leases Entire Third Floor Of Redeveloped Cambridge Mall

New England Development's CambridgeSide mall redevelopment has landed a flex lab provider to open a major new facility. SmartLabs, a company that specializes in laboratory as a service, signed a lease for 140K SF at 100 CambridgeSide. The deal is one the largest life sciences leases signed in the region in recent months, the Boston Business…

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In Case You Missed It...

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CBRE Joins Amazon, Microsoft As Fortune 500 Companies Halt Major Office Developments

CBRE Joins Amazon, Microsoft As Fortune 500 Companies Halt Major Office Developments   After months of speculation, CBRE finally came clean Monday about its decision to forgo plans for its new HQ, the latest in a series of cost-cutting moves taken by major corporations hoping to claw their way out of a downturn.Profits and revenue at the nation’s largest brokerage firms took a big hit in the second half of last year, and CBRE was no exception. The firm’s advisory services business, which includes leasing, capital markets brokerage and debt advisory services, saw a 21% decline in net revenue in Q4,…

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PODCAST: Josh Zegen On Why Many Lenders Are Having Their Own Leverage Problems

PODCAST: Josh Zegen On Why Many Lenders Are Having Their Own Leverage Problems   The present moment is a big one for alternative lenders, as banks and other financial institutions have slowed their commercial real estate activity dramatically.Josh Zegen, the co-founder and managing principal of Madison Realty Capital, sees this also as a big opportunity to lend to other lenders, stepping in on projects that need some extra capital to cross the finish line. "The biggest challenge amongst the alternative lending universe was a lot were very levered," Zegen said on this…

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