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August 22, 2023

This Week's Boston Deal Sheet
Carr Properties CDO Austen Holderness Discusses Buying Opportunities And Office Development In The Boston Market Sept. 26

The Boston Planning & Development Agency approved nearly 900 new units of housing, including 148 income-restricted units, at its meeting Thursday. 

This Week's Boston Deal Sheet

The board approved 11 new projects totaling 1.1M SF and 876 residential units, and it passed a planning guide for Newmarket and released a request for proposals for the Western Avenue Transitway, according to a press release.The biggest projects to be approved are Redgate's 220-unit proposal at 1141…

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Top Stories on Bisnow.com
CBRE Enters The AI Arms Race, Provides Nexus-AI At 20,000 Facilities CBRE Enters The AI Arms Race, Provides Nexus-AI At 20,000 Facilities
JLL Global Hotels CEO To Depart JLL Global Hotels CEO To Depart
Cost Of Backing WeWork's IPO Is Adding Up For Big Real Estate Firms Cost Of Backing WeWork's IPO Is Adding Up For Big Real Estate Firms
New Apartments Won’t Save Your Town Centre Retail New Apartments Won’t Save Your Town Centre Retail
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Lego Leases 100K SF In Boston For New Americas HQ

Danish toymaker Lego unveiled the location Monday for its new Americas headquarters in Boston.

Lego Leases 100K SF In Boston For New Americas HQ

The company announced it is leasing over 100K SF at Samuels & Associates' P12 development, an under-construction, air-rights project that is bridging the Back Bay and Fenway neighborhoods.The deal was highly anticipated after the company said in January it plans to relocate its Americas headquarters from Connecticut…

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Owner Files Plans To Convert Part Of Boston's Largest Hotel Into Northeastern Dorm Rooms

Owner Files Plans To Convert Part Of Boston's Largest Hotel Into Northeastern Dorm Rooms

The owners of the Sheraton Boston Hotel, the city's largest hotel, filed plans to convert part of the building into dorm rooms to accommodate Northeastern University students.Hawkins Way Capital and Värde Partners filed…

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In Case You Missed It...
Cannabis Real Estate Firm Lands $35M Investment To Grow Northeast Footprint Cannabis Real Estate Firm Lands $35M Investment To Grow Northeast Footprint
Dorchester Woman Pleads Guilty To Stealing $100K From Rental Company, Tenants Dorchester Woman Pleads Guilty To Stealing $100K From Rental Company, Tenants
'Infamous Landlord' Buys Multifamily Buildings In Boston, Newton 'Infamous Landlord' Buys Multifamily Buildings In Boston, Newton
Dwarfing The Green Monster, Fenway Corners Plan Draws Cheers While Irking Some Fans Dwarfing The Green Monster, Fenway Corners Plan Draws Cheers While Irking Some Fans
 
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Lexington Lab Campus Loses One Tenant As Another Grows By 61K SF
Lexington Lab Campus Loses One Tenant As Another Grows By 61K SF  

A Lexington lab building saw a string of activity last week, as one biotech tenant more than doubled its footprint and another revealed plans to move out.

Cambridge-based gene therapy company Voyager Therapeutics announced plans to expand at 75 Hayden Ave. in Lexington, leasing an additional 61K SF, according to an Aug. 11 Securities and Exchange Commission filing. The company already leases 32K SF of offices and labs in the building.  Voyager also said it expects to move…

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Life Sciences Lab Owners Tap New Tenant Source: Ascendant Clean Tech Companies
Life Sciences Lab Owners Tap New Tenant Source: Ascendant Clean Tech Companies  

Lab developers and operators in key innovation centers like Boston are finding the clean tech boom, fueled by the Inflation Reduction Act, has provided them with a small and growing new stream of potential tenants, just at a time when increasing supply is leading to more concessions and competition to fill their buildings.

Boston, the Bay Area, San Diego and Research Triangle Park in North Carolina are seeing new tech firms focused on sustainability and green technologies — especially those involving advanced manufacturing — leasing lab space, Newmark Head of National Life Science Research Elizabeth Berthelette said.

Lab and biomanufacturing spaces can serve this growing subgroup of firms well, Berthelette said, because both biotech and these types of clean tech firms need workspaces with additional electrical capacity, higher floor loads, advanced mechanical and HVAC systems and an ability to handle vibrations. This works best for what she…

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PODCAST: Breaking Down The CrowdStreet-Nightingale Missing Millions Scandal
PODCAST: Breaking Down The CrowdStreet-Nightingale Missing Millions Scandal  

On this episode of Bisnow Reports, we discuss the ongoing saga of Nightingale Properties and CrowdStreet — the two companies at the center of crowdfunding real estate deals that resulted in millions of dollars allegedly being embezzled.

Bisnow’s Jarred Schenke and Ethan Rothstein talk over the botched deals that saw around $60M of investor money disappear, which have resulted in the Department of Justice investigating after  nearly $40M of equity raised on CrowdStreet was allegedly diverted into accounts controlled by Nightingale CEO Elie Schwartz. Nightingale raised…

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