Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
April 30, 2024

This Week's Boston Deal Sheet

Hear From Top Boston Multifamily Investors On Suburban Hot Spots To Invest In May 8

Los Angeles-based CIM Group is the latest to file office-to-residential conversion plans in the Back Bay.

This Week's Boston Deal Sheet

The firm filed plans to convert a six-story, 107K SF office building at 95 Berkeley St. into 91 units of housing, the Boston Business Journal reported. The firm filed plans on Thursday through Mayor Michelle Wu's office-to-residential conversion incentive program. The firm says it would need an additional 20K SF…

Read the full story here.

  Share:  

 
Perforation

Top Stories on Bisnow.com

Cushman & Wakefield Posts $29M Loss As Leasing Improves, Sales Outlook Dims Cushman & Wakefield Posts $29M Loss As Leasing Improves, Sales Outlook Dims
Yardi To Become WeWork's Majority Owner In $450M Bankruptcy Exit Plan Yardi To Become WeWork's Majority Owner In $450M Bankruptcy Exit Plan
Self-Storage Slide Continues With Declining Rents, Projects Abandoned Self-Storage Slide Continues With Declining Rents, Projects Abandoned
Republic First Bank Seized With $1.7B Of CRE Loans On Its Books Republic First Bank Seized With $1.7B Of CRE Loans On Its Books
Perforation

Swedish Life Sciences Firm Moving U.S. HQ From Mass. To North Carolina

Swedish Life Sciences Firm Moving U.S. HQ From Mass. To North Carolina

While Massachusetts still holds its rank as the largest life sciences hub in the nation, North Carolina continues to sharpen its competitive edge by luring companies away. Immunovia, a Swedish diagnostic company, announced Monday it plans to move its U.S. headquarters out of Massachusetts to North Carolina's

Read the full story here.

  Share:  
 
Perforation

WeWork Moves To Shutter Its Largest Boston Location

WeWork Moves To Shutter Its Largest Boston Location  

WeWork's largest Boston location is now on the chopping block. According to a Friday filing in New Jersey bankruptcy court, the coworking giant has filed plans to reject its 241K SF lease at Fortis Property Group's 36-story One Lincoln St. in the city's financial district. The company plans…

Read Full Story

  Share:  
Perforation

In Case You Missed It...

WeWork To Reject 31K SF Lease At Leather District Office Building WeWork To Reject 31K SF Lease At Leather District Office Building
Here's What Boston Developers Are Doing To Get Ahead As Sustainability Deadlines Loom Here's What Boston Developers Are Doing To Get Ahead As Sustainability Deadlines Loom
Boston CRE Raises Alarm As Mayor Wu Proposes Sharp Increase in Commercial Property Taxes Boston CRE Raises Alarm As Mayor Wu Proposes Sharp Increase in Commercial Property Taxes
Bozzuto Sues Design Firm Over Errors On Boston-Area Project It Says Caused $3M In Damages Bozzuto Sues Design Firm Over Errors On Boston-Area Project It Says Caused $3M In Damages
West Roxbury Residents Drop Lawsuits Over 124-Unit Project West Roxbury Residents Drop Lawsuits Over 124-Unit Project
 
Perforation

One Year On, Little Has Changed In Real Estate’s Decarbonization Efforts

 

2023 smashed global records as the hottest year ever recorded. But the heat did little to prompt the world’s largest real estate owners to cut their carbon emissions. 

In April 2023, Bisnow published an in-depth investigation into which of the world’s 75 largest real estate owners had a plan to reduce the carbon output of their portfolios. The research found that of the institutional investors, REITs and investment managers analyzed, 42% had no plan in place to cut emissions. 

One year later, the proportion of those same investors that don’t have a plan had dropped only slightly to 38% — small progress in the face of a planetwide challenge.

“Timelines are being pushed back,” Urban Land Institute Europe CEO Lisette van Doorn said. “You’re seeing a lot of internal work being done, people working out how much they might need to spend to improve assets. But we’re not seeing a lot of action.”

Experts Bisnow interviewed identified myriad reasons for the lack of action by big real estate firms: sustainability slipping down the agenda in the wake of a market downturn, a lack of any immediate financial imperative, and regulation creating increased burdens that actually hinder rather than help the push for decarbonization. 

Read the full story here.

 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 76616