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February 21, 2023

This Week's Boston Deal Sheet

Hear From The City Of Boston And Top Developers On Building Challenges With New Sustainability Requirements March 7
Oxford Properties Group acquired a biomanufacturing facility in Marlborough in a $125M sale-leaseback.

This Week's Boston Deal Sheet

The firm bought the 120K SF property from California-based biomanufacturing company Resilience, which will occupy the site at 92 Crowley Drive. The site is under construction, but when fully complete, it will act as Resilience's flagship facility in the U.S."Our acquisition of 92 Crowley aligns strongly with our biomanufacturing strategy,"…

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Top Stories on Bisnow.com

Realty Income Forms Real Estate Alliance With Plenty To Develop $1B In Vertical Farms Realty Income Forms Real Estate Alliance With Plenty To Develop $1B In Vertical Farms
Apparel Brands Expand Physical Footprints Amid Big-Box Struggles Apparel Brands Expand Physical Footprints Amid Big-Box Struggles
Rental Housing Development Outpaces For-Sale Single-Family For The First Time Rental Housing Development Outpaces For-Sale Single-Family For The First Time
‘Everything Is Frozen’: CMBS Bond Volume Falls By 85% ‘Everything Is Frozen’: CMBS Bond Volume Falls By 85%
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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

Mayor Michelle Wu is facing new organized pushback from the real estate industry, with a major trade group launching a six-figure lobbying campaign against her rent control proposal. The Greater Boston Real Estate Board plans to spend $400K on the Rent Control Hurts Housing campaign to send direct mail and targeted text messages to…

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Giant Nuclear-Powered Data Center Campus Planned In Connecticut

Giant Nuclear-Powered Data Center Campus Planned In Connecticut

A massive, nuclear-powered data center campus may be coming in Connecticut as the industry increasingly looks toward nuclear power to reduce its carbon footprint. Developer NE Edge and utility Dominion Energy are planning a 1.5M SF data center campus adjacent to Dominion’s nuclear power plant in Waterford, the Connecticut Examiner reports.The proposed project…

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In Case You Missed It...

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
As Industrial Market Reaches ‘Plateau,’ Boston's Small Footprint Is A Big Benefit As Industrial Market Reaches ‘Plateau,’ Boston's Small Footprint Is A Big Benefit
 
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Deeply Affordable Housing Has More Support Than Ever, But One Crucial Piece Is Still Missing

Affordable housing surged to the forefront of social justice campaigns and policy debates nationwide after the pandemic laid out how important housing is to public health.

The federal government has spent trillions of dollars since to stabilize vast swaths of the economy and society, including housing. In doing so, it revealed just how effective housing can be as an intervention for several vicious cycles experienced by the most vulnerable members of society.

Yet accompanying services that would address even more needs have not enjoyed the same financial embrace or focus — and that could mean nodes of concentrated poverty and its associated problems will remain little diminished.

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Meet The 33-Year-Old CRE Exec Who Shocked The Tennis World Last Week With A Major Tournament Upset

Matija Pecotić wasn't expecting to have to ask his bosses at Wexford Real Estate Investors for an additional day off last week. But that's what happens when you're a part-time pro tennis player, full-time director of capital markets after the biggest win of your life. And nothing about Pecotić's life has been expected. 

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