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May 2, 2024

The Plan To Develop A ‘Black Wall Street’ In Boston Faces Growing Pains

Learn Creative Solutions Major Healthcare Systems Are Implementing To Improve Patient Care May 22

Walking the streets of Nubian Square, it's clear a transformation is happening.

Construction crews are busy building a new mixed-income development on Washington Street and the new campus for Franklin Cummings Tech on Harrison Avenue. These projects are part of an ongoing development wave in an area that some Black leaders have dubbed the next Black Wall Street, a growing technology and cultural hub in the Roxbury neighborhood.

The Plan To Develop A ‘Black Wall Street’ In Boston Faces Growing Pains

Roughly 2M SF of projects from prominent developers like HYM Investment GroupRelated Beal, Cruz Cos. and Richard Taylor have received city approval and are underway in the neighborhood. However, on those same streets, there are still physical and emotional remnants of the…

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‘Biggest Earnings Challenge’: BXP Cuts Guidance Due To Higher-Than-Expected Interest Rates

‘Biggest Earnings Challenge’: BXP Cuts Guidance Due To Higher-Than-Expected Interest Rates

The country’s largest publicly traded owner of office buildings is reducing its earnings guidance, citing elevated interest rates.Boston Properties cut its guidance for both the second quarter and full year due to higher interest expenses on office properties, it announced in its quarterly earnings report Tuesday.The REIT…

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Construction Begins On Cambridge's Tallest Building

Construction Begins On Cambridge's Tallest Building  

Boston Properties has begun building an apartment tower that will become Cambridge's tallest building even as the region faces a construction slowdown.  The office REIT has commenced construction on its 37-story residential project at 121 Broadway St. in Kendall Square, it revealed in its quarterly earnings report

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Cannabis Reclassification Would Likely Boost Cash Flow, Opening Doors For CRE Moves

Cannabis Reclassification Would Likely Boost Cash Flow, Opening Doors For CRE Moves  

This week’s announcement that the Department of Justice recommended cannabis be reclassified as a lower-risk substance is a long-awaited move toward legitimacy coveted by thousands of marijuana businesses in states where recreational use is legal.

The decision could bring big changes for cannabis-related real estate as a result of loosened lending restrictions, a lower regulatory bar and more available money to spend on facilities and growth.

“The increased cash flow from the reduced tax burden will provide financing for expansion of all different types of licenses,” Charlie Alovisetti, partner at cannabis law firm Vicente LLP and chair of the firm’s corporate group, told Bisnow in an email. “And the momentum from the rescheduling will hopefully lead…

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