Taylor Driscoll

Boston

Reporter at Bisnow

Featured in: Favicon

bisnow.com Favicon

techtarget.com (+1) Favicon

wickedlocal.com Favicon

metrowestdailynews.com Favicon

digboston.com Favicon

ourcommunitynow.com

Articles

State Awards Funds To 2 Downtown Boston Office Conversion Projects

1 day ago | bisnow.com | Taylor Driscoll

KS Partners filed plans to convert part of its 15 Court Square office building. Gov. Maura Healey's administration announced the state will provide millions in funding for two office-to-residential conversion projects in Boston. The developers of the projects at 31 Milk St. and 15 Court Square have been awarded a combined $7.4M, Healey announced Wednesday. KS Partners was awarded $3.4M for its 80-unit redevelopment at 15 Court Square. Sixteen of those units will be income-restricted.
Developer Seeks To Redevelop 1700s-Era Dorchester Building, Add Housing

2 days ago | bisnow.com | Taylor Driscoll

A Waltham developer plans to redevelop a historic building in Dorchester to add multifamily housing. A rendering of the proposed renovation of a building at 1444-1446 Dorchester Ave. The Beantown Cos. filed plans with the Boston Planning Department to add 47 units to the property at 1444-1446 Dorchester Ave. The developer plans to renovate the historic Clap-Field House, constructed in the late 1700s and later converted into a storage facility, and turn it into two multifamily units.
Starwood Sues Multifamily Syndicator For $110M In Personal Guarantees

2 days ago | bisnow.com | Taylor Driscoll

Starwood Capital is suing a multifamily syndicator that has struggled to pay interest on his loans. Starwood sued Alan Stalcup, principal of multifamily firm GVA Real Estate Group, in three lawsuits alleging the investor breached guarantees on loans tied to three Sunbelt properties, The Real Deal reported. The multifamily properties are 1825 Parker Road in Conyers, Georgia, 101 Casa Mirella Way in Windermere, Florida, and 100 Belle Valley Drive in Nashville, Tennessee.
WS Unveils Renderings Of New Building Behind Fenway’s Green Monster

3 days ago | bisnow.com | Taylor Driscoll

The team behind the massive redevelopment planned around Fenway Park has unveiled their vision for the building baseball fans will see when they look over the iconic Green Monster. WS Development unveiled new renderings of its Fenway Corners project near Fenway Park.
450 Acres of State-Owned Land Identified For Housing Development

4 days ago | bisnow.com | Taylor Driscoll

Massachusetts leaders are looking to ramp up housing production by offering more state-owned land for development. Houses that Cruz Development Corp. built on the former Boston State Hospital site in Mattapan, a state-owned property. Gov. Maura Healey's administration identified 450 acres she hopes can yield over 3,500 units of housing, the state announced Monday. There are already 1,500 units underway on state-owned properties.
This Week's Boston Deal Sheet: Hines Pays $73M For Wilmington Industrial Properties

4 days ago | bisnow.com | Taylor Driscoll

Hines last week announced it acquired several East Coast industrial properties, including two newly developed buildings in the Boston suburb of Wilmington. Hines acquired two warehouses on Upton Drive in Wilmington from The Davis Cos. for $73M. The Houston-based company, through its Hines Global Income Trust nontraded REIT, acquired part of an industrial campus in Wilmington from The Davis Cos. for $73M, according to public records.
Private Equity Now Owns 1 In 10 U.S. Apartment Units

1 week ago | bisnow.com | Taylor Driscoll

Private equity investment is gobbling up an increasing share of apartment units, now accounting for at least a tenth of all ownership in the United States, with most of it concentrated in the Sun Belt region. Private equity firms own about 8,200 apartment buildings comprised of over 2.2 million units, according to a Private Equity Stakeholder Project report.
Boston-Area Multifamily Construction Hits 10-Year Low

1 week ago | bisnow.com | Taylor Driscoll

While leaders in the Boston area have pushed to build more housing, the data shows construction starts have continued to slow this year. The Boston metro had around 11,000 units in the construction pipeline at the end of the first quarter, according to Colliers' Q1 multifamily report, down 36% from the pandemic-era peak in Q2 2022. The number of units under construction fell to a 10-year low of 4.4% of the market's overall inventory, almost half of what was underway in 2020.
Manufacturer Consolidates 2 Locations Into New Methuen HQ

1 week ago | bisnow.com | Taylor Driscoll

An industrial equipment manufacturer has signed a deal to consolidate its North American headquarters in Massachusetts. CMC North America signed a full-building, 71K SF lease with landlord Starwood Capital Group at 200 Danton Drive in Methuen, according to a press release from broker Hunneman. The 11.9-acre property consists of 49K SF of warehouse space and 21K SF of office space plus seven loading docks. It sits about 30 miles north of Boston along I-93.
As Congress Considers Renewal, Can Opportunity Zone Investment Reach More Distressed Areas?

1 week ago | bisnow.com | Taylor Driscoll

The opportunity zone program has spurred tens of billions of dollars in investment since its inception, but critics say it hasn’t done enough for the low-income and rural communities that need it most. The tax incentive program, created as part of President Donald Trump’s Tax Cuts and Jobs Act of 2017 to steer investment toward economically distressed communities, has helped finance multifamily development in many markets facing housing shortages.