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Construction to Break Ground on Salem’s New MBTA Intermodal Station

Construction to Break Ground on Salem’s New MBTA Intermodal Station

The Massachusetts Bay Transportation Authority (MBTA) announced it will close its Salem rail station for more than one year as a complex renovation project is underway. As reported by Boston.com, the MBTA Salem station parking lot will be replaced with a $37 million facility, a five-level parking garage with up…

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Hines Breaks Ground on Luxury Apartment Community near Boston

Hines Breaks Ground on Luxury Apartment Community near Boston

Hines’ newest luxury multifamily project in the Boston area kicked off this week at 36 River Street in Waltham, MA. Located just 10 miles west of downtown Boston, 36 River will create new high-quality housing opportunities for the city while supporting area businesses and community development along the Charles River.…

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A Green District Emerging in Allston

A Green District Emerging in Allston

After getting the green light from the Boston Redevelopment Authority (BRA), The Mount Vernon Company is preparing to break ground on a $17 million residential complex at 75 Brainerd Road in Allston. Called The Icon, the project is part of the Green District, which will be the largest privately funded,…

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Jefferies LoanCore Provides $60M Mortgage for Hingham Shipyard Retail Center

Jefferies LoanCore Provides $60M Mortgage for Hingham Shipyard Retail Center

The Debt & Equity Finance team of CBRE/New England has negotiated $60 million in first mortgage financing with New York-based investment bank Jefferies LoanCore on behalf of real estate development company Samuels & Associates. According to Citybizlist, the loan will be used to secure The Launch at Hingham Shipyard, a…

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Class A Office Building Breaks Ground in Somerville; Private Investors to Open Alcohol Distillery in Hingham

Class A Office Building Breaks Ground in Somerville; Private Investors to Open Alcohol Distillery in Hingham

Rockville, MD-headquartered Federal Investment Realty Trust is one building away from completing the first phase of Assembly Row, a $1.6 billion redevelopment effort in Somerville that aims to create a new, 45-acre neighborhood.…

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Schneider Electric’s Fifth Research and Development Center to Open in Andover

Schneider Electric’s Fifth Research and Development Center to Open in Andover

Schneider Electric, a France-based energy technology company which employs over 130,000 worldwide, will add another facility to its network of research and development hubs that includes Grenoble (France), Bangalore (India), Monterrey (Mexico) and Shanghai (China).…

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Nauset Completes Rental Building in Cambridge; Developer Eyes Seaport District for Large Multifamily Project

Nauset Completes Rental Building in Cambridge; Developer Eyes Seaport District for Large Multifamily Project

Nauset Construction, a real estate development company based in Needham, recently finished converting the former Holmes Building in Central Square in downtown Cambridge into 21 rental units. The $3.5 million redevelopment project was designed by The Architectural Team (TAT) for owner Central Square, LLC, and called for interior and exterior…

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BRA Approves $150M Housing and Retail Development in Allston

BRA Approves $150M Housing and Retail Development in Allston

The Boston Redevelopment Authority (BRA) board voted unanimously in favor of a $150 million mixed-use project that will redevelop a 2.67-acre parcel of land owned by Harvard University at the intersection of North Harvard Street and Western Avenue in the North Allston neighborhood.…

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Construction is Imminent at the Former Boston Herald Site

Construction is Imminent at the Former Boston Herald Site

One year after Newton-based National Development unveiled plans to convert the former Boston Herald headquarters into a mixed-use complex, work is about to begin at the 6.6-acre site at the corner of Herald Street and Harrison Avenue.…

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Boston’s Housing Inventory to Grow by 30,000 Units by 2020

Boston’s Housing Inventory to Grow by 30,000 Units by 2020

In a speech delivered on March 25 before the Boston Municipal Research Bureau, Mayor Thomas M. Menino unveiled an ambitious plan to add 30,000 new housing units in the city by the year 2020.…

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IKEA to Expand Existing Boston-Area Store

IKEA to Expand Existing Boston-Area Store

Swedish furniture giant IKEA is planning to expand its Stoughton, MA self-serve store by nearly 59,000 square feet, the company announced last week.…

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K-8 Public School to Replace Mitt Romney’s Former HQs in Boston

K-8 Public School to Replace Mitt Romney’s Former HQs in Boston

In an effort to respond the demand for more schools in Boston’s Downtown area and allow more children to attend schools closer to their homes, city officials unveiled plans to purchase the former national headquarters for the Mitt Romney presidential campaign and transform it into a public elementary school (or…

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