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February 29, 2024

Ashford To Sell Hilton Boston Back Bay Hotel For $171M

Leading Student Housing Developer American Campus Communities Shares Updates And Trends In The Market April 3

Hospitality REIT Ashford Hospitality Trust is selling the Hilton Boston Back Bay as part of its debt repayment plan. 

Ashford To Sell Hilton Boston Back Bay Hotel For $171M

The Dallas-based REIT signed an agreement to sell the 390-room hotel for $171M to an undisclosed buyer, it announced Thursday morning. The sale is expected to close in March. "We are pleased to announce the planned sale of the Hilton Boston Back Bay for a very attractive value," Ashford CEO Rob…

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MassHousing, MHIC Launch $50M Fund To Support Underrepresented Developers

MassHousing, MHIC Launch $50M Fund To Support Underrepresented Developers

MassHousing and the Massachusetts Housing Investment Corp. are starting a new fund aimed at diversifying the state's housing industry. The partnership will launch the Equitable Developers Fund with $50M in public funding to provide financing to developers from "socially and economically…

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Gov. Healey Plans To File Economic Development Bill This Week Aimed At Keeping Mass. Competitive

After proposing a $4B housing bill in October, Gov. Maura Healey is preparing this week to file another major bill focused on economic development. 

Healey previewed the Economic Development Bond Bill in front of hundreds of business leaders Tuesday morning at the Greater Boston Chamber of Commerce's Government Affairs Forum, while also promoting her housing efforts. 

Gov. Healey Plans To File Economic Development Bill This Week Aimed At Keeping Mass. Competitive

The economic development bill would prioritize established and emerging industries like life sciences, climate tech and artificial intelligence to keep the state competitive and attract and retain businesses.She said the administration plans to file the bill sometime later this week but didn't specify the total amount of spending it would be proposing. "This bill…

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WeWork Reaches Deals With NYC, Boston Landlords To Keep More Locations Open

WeWork Reaches Deals With NYC, Boston Landlords To Keep More Locations Open  

WeWork has amended another set of leases as it attempts to pull itself out of Chapter 11 bankruptcy. 

Landlords at two locations in New York City and one in Boston have agreed to alter their contracts with the coworking giant, according to records filed in bankruptcy court Tuesday, as WeWork decides whether to keep or cut hundreds of its offices.  At 154 W. 14th St. in Manhattan's West…

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