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December 15, 2020

MBTA's Cuts Will Make It Harder For Downtown Boston To Recover

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The Massachusetts Bay Transportation Authority will scale back its subway and bus service next year, affecting the public transportation arteries into downtown Boston.

Systemwide cuts including commuter rail and ferry service are part of the MBTA’s Fiscal and Management Control Board’s response to the coronavirus pandemic's devastating impact on transit demand. The reductions target small savings as an early Band-Aid before more drastic cuts are expected next year.

MBTA's Cuts Will Make It Harder For Downtown Boston To Recover

The cuts are another blow to small businesses in downtown Boston like Ogawa Coffee on Milk Street, which has experienced drastically lower foot traffic after months of office workers operating from home.“Our business level right now is definitely not sustainable for another year,” Ogawa Coffee Manager Chris Marinuzzi said. “It’s not sustainable…

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Panera Sells Au Bon Pain Corporate Boston Office To Developer

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Marcus Partners is spending dough for Au Bon Pain's corporate office in the Seaport's rising lab market.The Boston-based firm secured the 1.4-acre site in the Marine Industrial Park for $25M to compete in the neighborhood's fast-growing lab scene, Colliers announced Monday. Au Bon Pain owner Panera Bread, represented by Colliers, has a lease…

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Blackstone Buys $3.5B Lab Portfolio From Brookfield Fund

Blackstone Buys $3.5B Lab Portfolio From Brookfield Fund  

Blackstone is cementing its status as the life sciences industry’s biggest player, securing a marquee Cambridge portfolio for $3.45B. The firm’s Blackstone Property Partners Life Sciences fund will buy a 2.3M SF portfolio of lab buildings from a Brookfield Asset…

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