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February 20, 2024

This Week's Boston Deal Sheet

The Westin Copley Place To Host Boston Higher Ed Development And Student Housing Summit April 3

The Boston Planning & Development Agency approved three new projects that would add roughly 1M SF of real estate, including over 100 new residential units, to the city.

This Week's Boston Deal Sheet

The largest of the approved projects was Samuels & Associates' 550K SF, $600M lab building on Boylston Street near Fenway Park. The 11-story building would be developed at 1400 Boylston St., a former Star Market, the Boston Business Journal reported.Samuels principal Peter Sougarides said at a Thursday BPDA board meeting that…

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Top Stories on Bisnow.com

Marcus & Millichap Reports $10M Loss, Shrinking Number Of Brokers Marcus & Millichap Reports $10M Loss, Shrinking Number Of Brokers
AI Pushing Data Center REITs Toward Big Tech — For Now AI Pushing Data Center REITs Toward Big Tech — For Now
KBS REIT Must Raise $100M To Retain $613M Office Portfolio KBS REIT Must Raise $100M To Retain $613M Office Portfolio
Wyndham Posts Record Growth While Fending Off Choice’s Takeover Bid Wyndham Posts Record Growth While Fending Off Choice’s Takeover Bid
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Covid-Era Back Rent Beginning To Flow For Apartment Landlords

Covid-Era Back Rent Beginning To Flow For Apartment Landlords

After nearly four years, the country’s largest apartment owners are beginning to see revenue trickle in from units where renters were protected by pandemic-inspired moratoriums from evictions or rising rents.Turning those small revenue streams back on helped multifamily-focused REITs tread water in an increasingly choppy…

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'One Of Our Best Years': Arbor Realty Seeks To Reassure Market Shaken By Distress, Short Sellers

Arbor Realty Trust’s leadership appeared to calm market jitters Friday with an earnings report it characterized as “another outstanding quarter” despite a rise in nonperforming loans and continued attacks from short sellers.

'One Of Our Best Years': Arbor Realty Seeks To Reassure Market Shaken By Distress, Short Sellers

Many eyes were on Friday’s fourth-quarter earnings report and subsequent call after The Wall Street Journal highlighted a recent Cred iQ report on the eve of its Friday announcement. That report showed that borrowers representing a quarter of Arbor’s securitized debt were late on payments last month, though…

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In Case You Missed It...

Boston Projected To Face $1B Tax Shortfall From Struggling Office Market Boston Projected To Face $1B Tax Shortfall From Struggling Office Market
Milton Votes To Kill State-Mandated Zoning Plan, Setting Up Test Of Housing Law Milton Votes To Kill State-Mandated Zoning Plan, Setting Up Test Of Housing Law
Museum Of Illusions Signs Lease To Open Next To Faneuil Hall Museum Of Illusions Signs Lease To Open Next To Faneuil Hall
Massachusetts Grapples With 'Deeply Concerning' Trend Of More Residents Moving Away Massachusetts Grapples With 'Deeply Concerning' Trend Of More Residents Moving Away
Charlestown Group Sues Boston To Block Affordable Housing Project Charlestown Group Sues Boston To Block Affordable Housing Project
 
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Deutsche Bank’s Underused Offices Prompt It To Tell Staff: No Friday And Monday WFH

Deutsche Bank’s Underused Offices Prompt It To Tell Staff: No Friday And Monday WFH  

Big corporate office occupiers across the globe are working out what the world of hybrid work means for their real estate footprints. Now one of the world’s biggest banks has decided that its often empty offices mean it needs to change its work-from-home policy. Deutsche Bank…

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