This Week's Boston Deal Sheet

Harbor Group International sold a portfolio of six affordable and workforce housing properties to Bridge Investment Group Holdings.

The investment firm sold the portfolio to Bridge for $460M, according to a source close to the deal. The portfolio consists of 1,722 units in five Greater Boston towns and marks Bridge’s entrance to the Boston area.“The acquisition expands our Workforce & Affordable Housing geography into another attractive major market,”…

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'Infamous Landlord' Buys Multifamily Buildings In Boston, Newton

An entity linked to Alpha Management Corp. has acquired two multifamily properties — one in Boston, one just outside — for nearly $25M combined.Alpha bought 80 Gardner St. in Allston and 175 Adams St. in Newton for $13.5M and $11.2M, respectively, according to public records. The…

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Return-To-Office Mandates Now Cover Nearly 2 Million Workers. Occupancy Has Barely Budged

2023 is officially the year of the return-to-office mandate, with 2 million workers already under a new in-person work requirement and another 1 million expected to be in the coming months. 

The jury is still out on whether it will also be the year office workers actually return to their desks in force. The mandates that have taken effect so far, including from some of the country's biggest employers, have had minimal effect on actual office usage, tracking data shows.

“There’s still a disconnect with the way that organizations have sentiment towards return to office and what their expectations are versus what employees are really, actually doing,” CBRE Global Head of Occupier Thought Leadership Julie Whelan said in an interview last week.Since January, 1.7 million employees have…

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