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February 27, 2024

Mass. AG Sues Milton For Not Complying With State Housing Law

The Davis Cos.' Gretchen McGill Headlines The Boston Construction And Development Event March 20

Massachusetts' attorney general is suing the town of Milton after residents scrapped its required rezoning plan, an action the governor said should send a message to other cities and towns that consider ignoring the state's housing law.

Mass. AG Sues Milton For Not Complying With State Housing Law

Attorney General Andrea Campbell filed the lawsuit Tuesday morning in the Supreme Judicial Court for Suffolk County against the town for not complying with the state's MBTA Communities Law.This comes after Gov. Maura Healey's administration said last week it 

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This Week's Boston Deal Sheet

Beacon Capital Partners is moving forward with the second phase of its South Boston Innovation Campus in the Seaport.

This Week's Boston Deal Sheet

The Boston-based investment firm filed plans with the Boston Planning & Development Agency for a 321K SF, 10-story development at 4 Harbor St., the Banker & Tradesman first reported. The project would be built in the Raymond L. Flynn Marine Park.The developer broke ground on the first…

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MSCI: Boston CBD Sees Largest Drop In Commercial Property Prices Of Any Global City

MSCI: Boston CBD Sees Largest Drop In Commercial Property Prices Of Any Global City

A series of sales have made clear downtown Boston's property values are falling, and a new report found it suffered the largest price decrease in the world last year. Property prices in Boston's central business district in the fourth quarter were down 30.4% year-over-year, according to MSCI's RCA CPPI Global Index report. The Global…

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Cooling Inflation Hasn't Made Construction Cheaper. Builders Explain How They're Adapting

Cooling Inflation Hasn't Made Construction Cheaper. Builders Explain How They're Adapting  

Construction costs aren’t going anywhere, but some developers and owners in New York City are getting creative with how they confront the high price of doing business in 2024.

Developers, owners and construction companies are examining every part of their process in an attempt to figure out how to bring costs down, industry players said at Bisnow’s 2024 New York Construction & Development event last week. Their methods include pushing costs back to eventual tenants, taking newer, sustainability-focused materials into consideration, incorporating prefabricated components and looking further afield for tax breaks. 

“It’s no secret that we have a perfect storm with a lot of issues that have come across over the last few years,” Silverstein Properties Vice President of Construction & Development Malcolm Williams said onstage at the New York Bar Association in Midtown. Interest rate changes, rising insurance costs, higher…

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