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March 26, 2024

This Week's Boston Deal Sheet

Harvard And Northeastern University Join The Boston Sustainability Event April 24

The University of Massachusetts Lowell is preparing for construction on an $800M mixed-use project aimed at transforming its campus and downtown Lowell.

This Week's Boston Deal Sheet

The 1.2M SF project, planned to redevelop underutilized parcels on the school's east campus, would include professional space for technology companies, nearly 500 housing units and 461 dorms, the Boston Business Journal reported. The school is partnering with Pennsylvania-based GMH Communities and Baltimore-based Wexford Science & Technology.“It's an economic…

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Dorchester Development Site Heads To Auction Following Legal Battle

Dorchester Development Site Heads To Auction Following Legal Battle

A Dorchester property that was approved for development is heading to auction after a legal dispute between partners on the project. The 2.7-acre site at 24 Ericsson St. in Dorchester's Port Norfolk peninsula has been scheduled for an auction on Paul E. Saperstein Co.'s website on April 10, Banker & Tradesman first reported. Quincy-based…

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How Can Design Benefit Science and Technology Tenants? Find Out At Bisnow’s March 28 Conference

PRESENTED BY:   CannonDesign
 
How Can Design Benefit Science and Technology Tenants? Find Out At Bisnow’s March 28 Conference

As the largest life sciences market in the U.S., Boston has shown an enduring commitment to delivering sophisticated research and development spaces. A January 2024 CBRE report found that Boston-Cambridge is set to add 13.4M SF of R&D lab spaces within the next two years. As advancements and discoveries continue in…

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In Case You Missed It...

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Alexandria Sells Another Boston Property For A Loss Alexandria Sells Another Boston Property For A Loss
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Despite Rumors Of Oversupply, Now Is The Time To Start Investing In Life Sciences Again Despite Rumors Of Oversupply, Now Is The Time To Start Investing In Life Sciences Again
 
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Wu Awards $69M For Over 800 Units Of New Mixed-Income Housing

Wu Awards $69M For Over 800 Units Of New Mixed-Income Housing  

Mayor Michelle Wu awarded grants to build new mixed-income housing in nine neighborhoods, part of the administration's efforts to ease Boston's affordability crisis. 

Speaking at coworking space and beer hall The Substation on Friday, Wu announced $69M in grants for 14 developers to build 826 new housing units, of which 775 will be income-restricted.   The grants were funded by sources including the Community Preservation Act, Boston's linkage program, private funding, and state and federal funding.…

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