News
Cambridge Bioscience Innovation Hub That Has Brought In $330M Of Federal Money Slated To Close
20+ hour, 50+ min ago (529+ words) Less than three years after a'federal investor catalyst hub opened its doors in Cambridge, the company managing it has received notice that the federal government seeks to terminate its agreement with the hub "in large part or in full."' In…...
Pembroke Acquires 280-Unit Cambridge Property For $170M: The Boston Deal Sheet
1+ mon, 2+ week ago (910+ words) The real estate arm of the parent company of'Fidelity'Investments'acquired the 280-unit Proto in Kendall Square in Cambridge. Pembroke acquired the property for $170M, the Boston Business Journal reported. The property marks the company's fifth residential acquisition in two years. Proto is…...
Worcester's Development Surge Tests City's Ability To Grow Sustainably
2+ mon, 3+ week ago (804+ words) Amid Worcester's growth, local developers and city officials are concerned'about how the city can continue to grow sustainably without deterring new development. The city, located roughly 47 miles west of Boston, is the second largest in New England. Over the last…...
BioMed Shells Out $300M As Part Of $1.6B Refinancing Deal For Cambridge Labs
5+ mon, 3+ week ago (373+ words) BioMed Realty, one of the largest lab owners in Cambridge, landed'a major refinancing deal'for its Cambridgeport campus in Kendall Square.' The Blackstone-owned company closed a $1.63B refinancing'package for its 1.3M SF University Park at MIT campus adjacent to the Massachusetts Institute of…...
Electrification And Energy Efficiency: National Grid's Tools For Massachusetts' Multifamily Industry
7+ mon, 6+ day ago (939+ words) In its push to help building owners demystify the decarbonization process, electric and natural gas company'National Grid is taking the approach of a partner rather than a service provider.' In Massachusetts, the company has rolled out a suite of incentives…...
Hines Partners With Life Sciences REIT On 40-Acre Cambridge Project
9+ mon, 1+ week ago (346+ words) The Houston developer will be in charge of developing the multifamily portion of the master-planned project near the Alewife MBTA station. Hines Partners With Life Sciences REIT On 40-Acre Cambridge Project Hines has joined forces with a life sciences REIT…...
The Federal Government Has 6M SF Of Office Space In Mass. Here's What Could Be At Risk
10+ mon, 1+ week ago (1027+ words) As the federal government reassesses its owned and leased footprints, landlords in Massachusetts and beyond that house agencies are dealing with uncertainty. As the federal government's massive portfolio of owned and leased office space has been thrown into uncertainty, Massachusetts…...