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January 26, 2023

Wu Says This Is The Year She’ll Start Breaking Up The BPDA

HYM Investments’ Leo Rusk Discusses Construction Challenges And Opportunities During The Suffolk Downs Redevelopment March 7

Boston Mayor Michelle Wu announced her first concrete steps to reduce the influence of the Boston Planning & Development Agency — which she vowed to "abolish" during her campaign — in her State of the City address Wednesday night.

Speaking at the MGM Music Hall, Wu outlined plans to ramp up affordable housing production and develop new planning bodies that would weaken the BPDA's grasp in the upcoming months.

Wu Says This Is The Year She’ll Start Breaking Up The BPDA

"Boston saw the largest building boom in generations: cranes in the sky and jobs on the ground," Wu said. "But that growth wasn’t harnessed for the benefit of all our communities. Not planning for community stability meant that even as our population grew, many were squeezed out."Wu said that on Thursday…

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Landlord Sues T2 Biosystems, Terminates Its 70K SF Lease In Boston Suburbs

Landlord Sues T2 Biosystems, Terminates Its 70K SF Lease In Boston Suburbs

A Billerica landlord is suing T2 Biosystems for damages resulting from the biotech company abandoning its lease.Farley White sent a notice Jan. 17 that it was terminating the tenant's 70K SF lease at 290 Concord Road in Billerica because of its alleged failure to perform its obligations under the agreement, according to documents T2…

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Needham Passes New Housing Plan To Help Build, Preserve More Affordable Units

Needham Passes New Housing Plan To Help Build, Preserve More Affordable Units

The Boston suburb of Needham sees housing affordability as one of its top challenges, but a newly approved plan could help it build and preserve more residential units. The Needham Select Board on Tuesday evening unanimously voted in support of the town’s new housing plan. Officials see the plan as…

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White House Proposes Blueprint For Renters Bill Of Rights, Aims To Promote Affordability

White House Proposes Blueprint For Renters Bill Of Rights, Aims To Promote Affordability  

The Biden administration rolled out a series of actions Wednesday it says will help rein in high multifamily rents and otherwise protect renters.

Landlord organizations lambasted the plan, while affordable housing activists said it doesn't go nearly far enough to address escalating rents and a lack of affordability in housing.

“We are disappointed [the administration is] pursuing potentially duplicative and onerous regulations that are already appropriately addressed under state and local law,” the National Multifamily Housing Council said in a statement after the release of the plan, though it did acknowledge that the White House…

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Amazon Cast A Big Shadow Over Industrial Leasing. What Happens Now That It’s In The 3PL Business?

Amazon Cast A Big Shadow Over Industrial Leasing. What Happens Now That It’s In The 3PL Business?  

Since the onset of the pandemic, Amazon has wielded enormous influence over the leasing market for distribution centers — first through its historic expansion, then through attempts to undo some of that growth.

Going forward, Amazon could be moving in a less disruptive fashion as it sorts out its oversized real estate footprint.

The company announced on Jan. 10 it will now offer the use of its logistics network to any retailers that sign up to use its Buy With Prime service. Depending on how popular that offering becomes, the formerly invite-only program could make profitable use of warehouse space it had considered excessive.

“The inventory for [Buy With Prime] products now has to be sitting in an Amazon warehouse, and it also means that Amazon has the ability to access that data to see what sells and doesn’t sell,” said Marc Wulfraat, founder and president of logistics consulting firm…

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