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April 11, 2023

This Week's Boston Deal Sheet

Hear From The Davis Cos.' Patrick Kimball On How To Approach Life Sciences Development In The Suburbs May 11

PGIM Real Estate provided a seven-year, $90M loan to retail redevelopment specialist Edens for two properties in Woburn and Burlington.

This Week's Boston Deal Sheet

The financing will back Woburn Village, a 201K SF center that was redeveloped in 2021 and is anchored by Market Basket, and Burlington Crossroads, a 192K SF center that was renovated in 2014 and is anchored by Target, Total Wine & More, Marshalls and Michaels.Washington, D.C.-based Edens redeveloped the two properties in…

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Top Stories on Bisnow.com

CBRE Names M&A Pro Croft Young As New CIO CBRE Names M&A Pro Croft Young As New CIO
Blackstone Closes On $30B Real Estate Fund, Its Biggest Ever Blackstone Closes On $30B Real Estate Fund, Its Biggest Ever
Soaring Insurance Costs Could 'Paralyze' CRE, So Investors Are Calling For Reform Soaring Insurance Costs Could 'Paralyze' CRE, So Investors Are Calling For Reform
'There's A Cost': CRE’s Mental Health Struggles Hit Early Career Workers Hard 'There's A Cost': CRE’s Mental Health Struggles Hit Early Career Workers Hard
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WeWork Quietly Exited 120K SF Back Bay Space

WeWork Quietly Exited 120K SF Back Bay Space  

WeWork has vacated a large space in the Back Bay, another blow to Boston's struggling office market.  The coworking provider exited a 119K SF lease at Capital Properties and Madison International Realty's 31 St. James Ave., JLL revealed in its first-quarter office…

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Boston Seeks Developers To Build Up To 10 Stories Of Housing Atop West End Library

Boston Seeks Developers To Build Up To 10 Stories Of Housing Atop West End Library  

From parking lots to libraries, the city is looking to new avenues to bring more affordable housing to the market as Boston's housing crisis remains a top priority. The Mayor's Office of Housing released a request for proposals this week for the redevelopment of the Boston Public Library's >

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In Case You Missed It...

Hines, Calare Propose 316-Unit Allston Multifamily Project Hines, Calare Propose 316-Unit Allston Multifamily Project
Worcester, Lowell Eyed As Next Big Life Sciences Clusters As Costs Rise In Urban Core Worcester, Lowell Eyed As Next Big Life Sciences Clusters As Costs Rise In Urban Core
Product Development Firm Moving Headquarters Out Of Acton Product Development Firm Moving Headquarters Out Of Acton
‘Not Seeing Any Activity At All’: Once-Hot Life Sciences Leasing Market Freezes ‘Not Seeing Any Activity At All’: Once-Hot Life Sciences Leasing Market Freezes
 
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Office Properties Income Trust To Merge With Healthcare REIT To Reduce Exposure To Offices

Office Properties Income Trust To Merge With Healthcare REIT To Reduce Exposure To Offices  

A publicly traded office owner is trying to boost its standing with investors by merging with a healthcare and senior housing operator and diminishing its exposure to the troubled office market.Office REIT Office Properties Income Trust has agreed to acquire Diversified Healthcare Trust in an all-stock merger transaction…

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