Somerville
Somerville, MA · Real Estate
nerej.com
brookline.news
hulltimes.com
Rising values translate into 2.9% increase in average property tax bill in FY27
The select board voted to maintain a single tax rate for residential and commercial properties during this week’s tax classification hearing for fiscal year 2027. This decision is in keeping with the board’s traditional approach to property taxes and was made upon the recommendation of the board of assessors.
Patriot Ledger
Quincy's President Plaza seeks expansion with new retail space
President Plaza on Quincy Avenue, home to Kam Man Food , is seeking to add 15,550 square feet of retail space for three more retail units. No tenants have been selected for the spaces yet, but the spaces will allow for different uses, Edward Fleming, an attorney on behalf of the applicant, told the planning board during its September meeting. The addition would extend north from Dollar Tree toward Quincy Avenue. Separately, the plaza is already undergoing a renovation. The facade of the entire plaza is being upgraded. The new retail space will use similar materials, so both the existing and new spaces in the plaza will have a cohesive design when all the work is complete, Nicholas Nitschke, a principal with Scott Griffin Architects, told the Quincy Planning Board in September , according to a video of the meeting. Parking changes proposed at President Plaza As part of the plans, applicant President Plaza Limited Partnership wants to create an improved loading area for plaza retailers behind the building. The rear loading area will be for the new retail spaces as well as the existing businesses, Fleming said. The shopping center would add another entrance east of the Eco Muffler
high-profile.com
From Falling Brick to 390 Homes: Allen & Major Helps Bring Taunton’s Whittenton Mills Back to Life
Taunton, Mass. – A 42-acre mill complex that sat vacant for decades is being redeveloped into a 390-unit multifamily community, one of the largest modular residential projects in Massachusetts. Greystar is developing the site in partnership with the city of Taunton, with Allen & Major Associates, Inc. providing civil...
Yahoo!
Boston could put 'worst' landlords on public list and freeze them out of city business
Boston may soon begin publicly identifying its most problematic landlords — and make it harder for them to secure city contracts, grants, or development approvals. According to Boston.com, City Council President Liz Breadon and Councilor Brian Worrell introduced an ordinance requiring Boston to publish a public "Worst Landlords in Boston" list twice a year for landlords with repeated housing violations, unpaid fines, and other compliance problems.
Martha's Vineyard Times
Heading for a clash over new housing proposal
A new housing proposal backed by a developer who is behind some of the most contentious projects in recent Island history is already fanning the flames of ongoing conflict with the Martha’s Vineyard Commission (MVC). The project and the developer William Cumming are again bringing into sharp focus the...
Martha's Vineyard Times
Real estate transactions: Oct. 19 – 23
Oct. 20, Niall Ferguson and Elizabeth Ferguson sold 7 Black Point Road and 0 Beach Lot Black Point to JFAB5 LLC for $3,625,000. Oct. 21, Raymond A. Rubin and Jeffrey L. Shelton sold 63 Putnam Road to Lindsey Parkes and Brendan Mance, trustees of Lindsey Parkes Revocable Trust and Brendan Mance Revocable Trust, for $4,850,000.
hoodline.com
Alexandria Sells Nearly Finished Fenway Lab Tower as Boston Vacancy Hits 28.9%
Alexandria Real Estate Equities is selling its nearly complete 421 Park Drive life sciences tower in Boston's Fenway neighborhood to an institutional buyer, a deal the company says will reduce its remaining construction costs by about $136 million. The 13-story, 339,668-square-foot building sits at the company's Alexandria Center for Life Science megacampus and had just wrapped construction in June, making it the last speculative lab project in Greater Boston to finish without a tenant already lined up.
thereminder.com
Pease, Hoffman talk issues ahead of 4th Hampden District race
WESTFIELD — The Nov. 3 general election is just days away, so candidates are wrapping up their campaigns and preparing for a long day at the polls. One of the major contests in our region is for the 4th Hampden District state representative seat, which covers Southampton and most of Westfield.
bostonrealestatetimes.com
Cushman & Wakefield Names Christina Fish New England Project and Development Services Lead
BOSTON— Commercial real estate services firm Cushman & Wakefield has appointed Christina Fish as managing director and New England lead of its Project & Development Services (PDS) business, bringing an experienced real estate and project management executive back to the company as it expands its regional operations. In her...
TradingKey
Alexandria Q3 Loss Widens on Impairments as Leasing Strengthens
Alexandria Real Estate Equities reported a wider third-quarter loss after recording $637.9 million of real estate impairment charges, while adjusted funds from operations declined and lower occupancy weighed on same-property results. The life science real estate investment trust nevertheless maintained the midpoint of its 2026 adjusted FFO outlook, citing stronger leasing activity and continued efforts to reduce construction commitments and recycle capital. The company posted a GAAP net loss attributable to common stockholders of $638.5 million, or $3.74 per diluted share, for the quarter ended September 30, 2026. That compared with a loss of $234.9 million, or $1.38 per share, a year earlier. The impairments primarily involved properties classified as held for sale, including a Fenway development project and assets in Palo Alto, San Carlos and Austin. Alexandria said several of the affected properties would have required significant additional capital to complete, convert or lease. Funds from operations attributable to common stockholders were $269.1 million, or $1.57 per diluted share. Adjusted FFO, which excludes specified investment gains and losses, impairments and financing items, fell to $264.4 million, or $1.54 per share, from $377.8 million, or $2.22 per share, in the prior-year quarter. Total revenue declined 10.7% to $671.2 million, while