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August 16, 2022

This Week's Boston Deal Sheet

AEW Chief Investment Officer Mike Byrne Discusses Debt And Deal Structure Oct. 20

Boston-based developer Hudson Group recapitalized and refinanced one of its downtown apartment buildings.

This Week's Boston Deal Sheet

Hudson and its partner, Brookfield Asset Management, secured a $97.46M refinancing loan from Freddie Mac through JLL Real Estate Capital for the Radian at 120 Kingston St. in Chinatown that Hudson and Forest City delivered in 2014. Brookfield took over Forest City’s 50% share of the property when it acquired the…

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Boston Mayor Wu Looks To Eliminate Fossil Fuels In New Developments, Major Renovations

Boston Mayor Wu Looks To Eliminate Fossil Fuels In New Developments, Major Renovations

Boston Mayor Michelle Wu plans to file a home rule petition that will allow the city to establish fossil fuel-free building standards.Wu's submission takes advantage of a state law Gov. Charlie Baker signed last week, An Act Driving Clean Energy And Offshore Winds. The mayor plans…

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MBTA Shutdowns Could Jeopardize Full Economic Recovery, Business Leaders Fear

Boston’s public transportation system is weaved into almost every facet of its economy, from real estate and businesses to its restaurants and nightlife. That system will soon face a dramatic disruption.

The Orange Line, the second-busiest line in Boston's transit system, will shut down entirely for four weeks starting Aug. 19, and the northern portion of the Green Line will shut down for four weeks starting Aug. 22, the Massachusetts Bay Transportation Authority announced last week. 

The closures, announced within two days of each other, have caused consternation among the city's real estate leaders. Several sources tell Bisnow that they worry it will further hamper their efforts to bring employees back to the office, and it could create significant economic pain from downtown Boston to suburbs like Malden and Somerville.

MBTA Shutdowns Could Jeopardize Full Economic Recovery, Business Leaders Fear

“The 30-day closing of the Orange Line could not have come at a more inopportune time as Greater Boston continues to emerge from the pandemic and property owners are struggling to repopulate downtown buildings,” Greater Boston Real Estate Board CEO…

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In Case You Missed It...

Boston To Request Developers Going Through City Review To Disclose Diversity Of Project Teams Boston To Request Developers Going Through City Review To Disclose Diversity Of Project Teams
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Biotech Firm Looks To Give Back Over 250K SF In Boston Area Following Layoffs Biotech Firm Looks To Give Back Over 250K SF In Boston Area Following Layoffs
This Week's Boston Deal Sheet This Week's Boston Deal Sheet
Neighbor Sues To Block Development Of $80M North End Hotel Neighbor Sues To Block Development Of $80M North End Hotel
 
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PGA Events Aren't Cash Cows For Golf Courses. Can Saudi-Backed LIV Golf Tip The Scales?

The PGA Tour won the opening round of what is shaping up to be several legal confrontations with golfers who have joined a new, controversial rival league backed by the government of Saudi Arabia.

But while the golf world awaits the resolution of a broader challenge from 10 golfers over their PGA Tour suspensions and an antitrust investigation by the Department of Justice, LIV Golf is attracting more players with huge sums of cash — and a select few host courses in the U.S. could have a similar chance to cash in.

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Real Estate Could Have A Role To Play In Alleviating Medical Staffing Squeeze

Battered by the lingering pandemic, a rise in inflation, supply chain slowdowns and recessionary fears becoming reality, the healthcare industry has faced crisis after crisis over the past several years.

But it could be commercial real estate to the rescue, at least partially, to help solve one of the industry's most persistent problems: healthcare's chronic staffing issues.

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