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May 21, 2024

This Week's Boston Deal Sheet

Learn The Ripple Effects Of Steward Health Care's Potential Closure May 22

The Boston Planning & Development Agency's board of directors approved three new developments during its monthly meeting on Thursday.

This Week's Boston Deal Sheet

The new approved developments will consist of 625K SF and would include 290 residential units, 43 of which are designated income-restricted, according to a release. The new developments are also projected to create 1,098 permanent jobs.Tishman Speyer and Breakthrough Properties received approval for their 232 A St. life…

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Top Stories on Bisnow.com

CoStar, Hotel Chains Ask Judge To Toss 'Fanciful' Price-Gouging Lawsuit CoStar, Hotel Chains Ask Judge To Toss 'Fanciful' Price-Gouging Lawsuit
Multifamily Distress Rate Nearly Doubles In April Multifamily Distress Rate Nearly Doubles In April
TPG, PAG Look To Sell Off Remaining Ownership Stakes In Cushman & Wakefield TPG, PAG Look To Sell Off Remaining Ownership Stakes In Cushman & Wakefield
King Street Capital Acquires AI Data Center Firm King Street Capital Acquires AI Data Center Firm
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Federal Realty Delays Somerville Lab Project Due To ‘Oversaturation’

Federal Realty Delays Somerville Lab Project Due To ‘Oversaturation’

The developer of Assembly Row is asking for an extension on a new lab development due to economic conditions and lack of demand. Federal Realty Investment Trust executives filed a request with the Somerville Planning Board for an extension on…

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Let The Good Times Roll: Discussing CRE Entertainment Opportunities At Bisnow’s May 29 Event

PRESENTED BY:   HFA
 
Let The Good Times Roll: Discussing CRE Entertainment Opportunities At Bisnow’s May 29 Event

The hospitality and retail sectors have been incorporating immersive experiences to attract visitors and keep them coming back, ranging from hotels creating unique activities and programs to retail spaces including pop-up shops.For architecture and engineering firm HFA, making an experience memorable means designing…

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In Case You Missed It...

Investors Want To Buy Into Boston's Improving Hotel Market, But Deals Are Still Scarce Investors Want To Buy Into Boston's Improving Hotel Market, But Deals Are Still Scarce
Lawmakers Propose Allowing 6-Story Multifamily Buildings Anywhere In Cambridge Lawmakers Propose Allowing 6-Story Multifamily Buildings Anywhere In Cambridge
Developer Plans 30-Story Apartment Project In Providence As City Faces Housing Crunch Developer Plans 30-Story Apartment Project In Providence As City Faces Housing Crunch
Developers Question Whether New Zoning Plans Are Enough To Bring On New Projects Developers Question Whether New Zoning Plans Are Enough To Bring On New Projects
Weymouth Multifamily Property Trades Hands For $62.5M Weymouth Multifamily Property Trades Hands For $62.5M
 
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WeWork Moves To Keep 89 More Locations, Bringing Rent Savings To Over $11B

WeWork Moves To Keep 89 More Locations, Bringing Rent Savings To Over $11B  

WeWork plans to restructure dozens of additional leases as it moves closer to emerging from bankruptcy.

The coworking operator plans to assume 89 leases across the U.S. and Canada, according to  a Friday bankruptcy court filing. The new lease assumptions would bring its total rent commitment reductions to more than $11B, according to a news release. "Strengthening our real estate portfolio could not have been…

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King Street Properties Lands $75M Construction Loan For Devens Industrial Project

King Street Properties Lands $75M Construction Loan For Devens Industrial Project  

King Street Properties secured financing to develop a new building at its Devens industrial campus.  The life sciences developer obtained a construction loan from  First Citizens Bank and Berkshire Bank for a 210K SF advanced manufacturing building at 75 Jackson Road at its Pathway Devens…

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