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December 7, 2023

Emerging Sectors Filling Industrial Spaces Previously Eyed As Biomanufacturing

Explore The Dynamic Power Of Public-private Collaboration: Fireside Chat With Larry Curtis And Chrystal Kornegay Dec. 7

A rise in new technology sectors appears to be the saving grace for biomanufacturing developers trying to fill projects in an increasingly slow life sciences market.

An increase in federal and state funding has helped spur the growth of two emerging sectors that have the potential to provide substantial real estate demand in Greater Boston: clean tech and tough tech. Several real estate executives who spoke at Bisnow's Boston Biotech Summit on Tuesday pointed to these sectors as ones in which the region has the potential to become a leader.

Emerging Sectors Filling Industrial Spaces Previously Eyed As Biomanufacturing

Tough tech encompasses a wide range of technologies used to solve issues in human health, climate change and advanced systems and infrastructure, according to Massachusetts Institute of Technology-founded venture capital firm The Engine. Clean tech includes renewable energy, electric vehicles, battery storage and alternative fuels, according to…

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Davis Closes $73M Deal For One Of Boston Area’s Largest Development Sites

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In a highly anticipated deal, a 100-acre fuel tank farm has sold to a real estate firm with plans for a massive redevelopment along Everett's waterfront. The Davis Cos. purchased a former ExxonMobil site for $72.5M, according to public records. The property is one of…

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Newton City Council Approves Zoning Plan After Scaling Back Housing

Newton City Council Approves Zoning Plan After Scaling Back Housing  

After three contentious meetings, Newton city councilors on Monday evening adopted new zoning guidelines to satisfy the state's MBTA Communities Law

The new zoning plan — the most significant one to be adopted by the city in 70 years — is much slimmer than the one first presented to the council, with almost 700 units being slashed. "We would have liked Newton to have followed the lead of Lexington, Arlington, Brookline and other communities that…

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Expected $15B In Federal Money Is 'Gasoline On The Fire' For Airport Construction

Expected $15B In Federal Money Is 'Gasoline On The Fire' For Airport Construction  

With $9B in federal funding since 2021 offering a substantial lift, airports across the country are embarking on ambitious construction projects aimed at serving the millions of passengers taking to the skies after years spent grounded by the pandemic.

Another $6B in federal money is expected in the next two fiscal years for a grand total of $15B in half a decade, the result of airport infrastructure funding in the Bipartisan Infrastructure Law.

Airport renovations from coast to coast are seen as crucial for maintaining the vitality of cities and their economies through business and leisure travel. But even with local political support and funding available, they run into challenges. “We have all of the challenges that conventional construction folks are having right…

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