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2 weeks ago | 
bisnow.com | Taylor Driscoll
Fidelity Investments, one of the largest financial services companies in Boston, has put its headquarters office on the market for sublease as it prepares to move into a Seaport development. Fidelity Investments put its entire 803K SF office up for sublease as it prepares to move to a new Seaport office. The company has put its office at 245 Summer St. up for sublease, according to a source close to the building.
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2 weeks ago | 
bisnow.com | Taylor Driscoll
A marketing automation company renewed and expanded its space in a downtown office building in Boston's largest lease of the first quarter. Klaviyo signed a 250K SF lease renewal at Oxford Properties' 125 Summer St. office building in the financial district, according to Savills' first-quarter market report. That represents a 56% expansion from its previous footprint of 160K SF.
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3 weeks ago | 
bisnow.com | Taylor Driscoll
A 19-acre waterfront site in Fall River could represent a new era of economic growth for the old industrial city in southern Massachusetts. The site is becoming developable land thanks to the demolition of an elevated portion of the Route 79 highway, a $139M project that is close to completion. And last week, the city opened a new commuter rail station near the site that directly connects Fall River to Boston by train for the first time since the 1950s.
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3 weeks ago | 
bisnow.com | Taylor Driscoll
A rendering of a previous plan for a 273-unit development in Hyde Park from then-owner Ad Meliora. Joseph Federico Jr. acquired a property at 1717-1725 Hyde Park Ave. near the MBTA's Readville commuter rail station for $6.8M, Banker & Tradesman reported. The site was previously planned for a 279-unit development. Named the Residences at Readville Station, the previous project stalled after it received Boston Planning & Development Agency approval in 2020.
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3 weeks ago | 
bisnow.com | Taylor Driscoll
HYM founding partner and Managing Director Tom O'Brien speaks at the Suffolk Downs groundbreaking in 2022. After weighing a run for mayor, Boston developer Tom O'Brien has opted not to enter the race. The founding partner of HYM Investment Group and former planning chief of the Boston Redevelopment Authority, O'Brien released a statement Monday saying he had considered running for mayor because he cares "deeply" about the city.
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3 weeks ago | 
bisnow.com | Taylor Driscoll
The Community Builders landed financing for a 96-unit affordable housing project in Jamaica Plain. A rendering of The Community Builders' 127 Amory St. development in Jamaica PlainMassDevelopment issued a $45M tax-exempt bond to the developer for a 96-unit apartment project at 127 Amory St. The project is part of a redevelopment in partnership with the Boston Housing Authority, Urban Edge and Jamaica Plan Neighborhood Development Corp. The tax-exempt bond was purchased by Eastern Bank.
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3 weeks ago | 
bisnow.com | Taylor Driscoll
The largest life sciences developer in the country alleges an ex-regional head stole some of the company's most sensitive information, including risk assessment and recovery plans if projects go sideways. Alexandria Real Estate Equities' 9950 Medical Center Drive in Rockville, Maryland. The property is a part of the Alexandria Center for Life Science – Shady Grove megacampus.
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3 weeks ago | 
bisnow.com | Ciara Long |Taylor Driscoll
The Trump administration’s push to reduce spending is already having dramatic impacts on affordable housing developers across the country. From executive orders targeting key sources of development funding to allowing some programs to run out of cash to dramatic staffing cuts, pressure points are building on the companies and organizations on the front lines of the housing crisis.
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3 weeks ago | 
bisnow.com | Taylor Driscoll
A Polish video game company plans to quadruple its local headcount after receiving state tax breaks. CD Projekt Red plans to hire 141 employees in Massachusetts over the next three years and make its Waltham office its North American hub, the Boston Business Journal reported. The company, the creator of the Witcher and Cyberpunk 2077 games, currently has 42 full-time employees in the state after acquiring Massachusetts-based video game developer The Molasses Flood in 2021.
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4 weeks ago | 
bisnow.com | Taylor Driscoll
As the federal government’s massive portfolio of owned and leased office space has been thrown into uncertainty, Massachusetts has a series of major properties that could be at risk. The state has 115 federal office leases totaling 1.7M SF in privately owned buildings and another 4.3M SF of federally owned buildings, according to Bisnow’s analysis of General Services Administration data. Many of the leases are small, but 43 of them are more than 10K SF and 17 are over 20K SF.
