Dwarfing The Green Monster, Fenway Corners Plan Draws Cheers While Irking Some Fans

The smell of Fenway Franks and the echoes of Neil Diamond’s Sweet Caroline will always be part of the charm of Fenway Park, but the area around the stadium is set to get a major makeover that will forever change how people view the area, something that hasn’t sat well with some fans.

A $1.6B development that was approved last month will bring 1.3M SF of lab, office and housing to the streets facing the park, as well as overdue updates to the Fenway neighborhood's transportation corridors. The project would bring thousands of new jobs and residents to the area, but also a striking…

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After Terminating 130K SF Boston Office Lease, Tech Firm Signs 100K SF Sublease

Following the termination of a major office lease in the Fenway area, Toast has announced plans to move its operations to a new office across town in the Fort Point neighborhood.

The restaurant tech company announced plans to move into roughly 102K SF at 333 Summer St., which it subleased from the GoTo Group, formerly known as LogMeIn, according to a filing with the Securities and Exchange Commission.The company plans to move into the space…

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When Bankruptcy Is A Blessing: Huge Rent Growth Drove Strong Q2 For Shopping Center REITs

Space at open-air shopping centers is so constrained, a major retailer’s bankruptcy may have actually been good news. 

Early in the second quarter, Bed Bath & Beyond went bankrupt and began closing its 480 remaining stores. By Q2’s end, retail REITs had already signed several leases to backfill those locations — with rent increases of 20% or greater.

Real estate investment trusts focused on shopping centers either maintained or increased their full-year earnings projections in Q2 despite expecting vacancy bumps in the third quarter from the final wave of closures from BB&B and Tuesday Morning. Kimco Realty Corp.…

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