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3rd Annual Martin J. Walsh Award
The Honorable Martin J. Walsh recently presented his award in collaboration with Gosnold Behavioral Health to our Executive Director, Thomas S. Gunning. Tom was joined by several members of our Board of Directors and labor partners, to whom he credits the success and impact of BTEA's Building Trades Recovery Week and commitment to building wellness throughout our industry.
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Simplifying Contracts with AI
Monday, February 24 | 8AM - 10AM (Virtual)
This session is designed to give members a demonstration of Document Crunch; an AI-powered platform that can streamline workflows, minimize risks, and enhance compliance for both pre-bid analysis and active project management as part of its comprehensive contract review.
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Personal Skills for Success (Part One)
Monday, March 3 | 8AM - 12PM
This course will be broken into two sessions designed to equip professionals with the skills needed to lead confidently and cultivate true leadership.
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GenZ: Manager's Survival Guide
Wednesday, March 19 | 8AM - 12PM
This presentation improves understanding of Gen Z motivators and provides actionable strategies and techniques to improve working relationships.
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BTEA's 5th Annual Building Trades Recovery Week
Monday, April 28 - Friday, May 2
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3rd Annual BTEA Golf Tournament to Benefit the TJG Fund
Tuesday, July 15
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Boston Class A Office Buildings Start to Feel Pinch
Overall, the Greater Boston office market had a 17% vacancy rate at year’s end, according to Cushman & Wakefield, a historic high. The 3.1% year-over-year increase followed a 2.5% rise in vacancies during 2023.
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Massport Puts Prime Waterfront Land on the Market
There are two catches to the sale, though: The site, in South Boston can only be used for marine industrial work, and the winning bidder has to pay most of the costs to rebuild an adjacent concrete jetty that is more than 800 feet long.
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Southie Redeveloper Unveils Housing & Hotel Plans
HRP submitted designs for the first buildings that will break ground at the former Boston Edison property in South Boston, including a hotel-residential tower connecting to the 127-year-old turbine hall and a pair of apartment buildings.
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Two Colleges Seek Developers for Big Tracts
A 62-acre parcel in Weston is being offered by Regis College, while UMASS is seeking proposals for campus housing in both Amherst and Newton.
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12 Green Building Projects Get $64M in Funding
A dozen real estate projects received a combined $64.2M in funding toward development and preservation of 637 apartments and for-sale condominiums in Boston.
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28-Story Tower Approved in Fenway
Morro USA and Scape received approval to build a 28-story furnished apartment tower near Kenmore Square. The 400-unit, 299K SF building will sit at Ipswich Street and Charlesgate West.
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TPE Solutions Buys Devens Property for Expansion
TPE Solutions plans to break ground in late 2026 on a 31K SF facility including office, distribution and research space as part of a commitment to redeveloping the former U.S. Army Base. The project is scheduled for completion in 2027.
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Boston Approves Net Zero Zoning Code Despite Concerns | |
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The vote sets new standards for developments submitted to the city beginning July 1, 2025. The net-zero carbon zoning code applies to projects that include at least 15 housing units or 20K SF of construction, and additions to existing buildings of 50K SF.
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DOL Announces Inflation Adjusted Civil Penalty Amounts | |
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The DOL issued a final rule for annual inflation adjustments to civil monetary penalties for the Employee Benefits Security Administration (EBSA), increasing penalties for failure to furnish various required reports to beneficiaries and government agencies. This also includes inflation adjusted penalties under ERISA and FMLA.
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Governor Healey Announces 'Historic' $8B Transportation Plan | |
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Governor Healy said she was planning to invest roughly $8B over the next 10 years into transportation spending. The Governor also said investment will go towards better roads, less traffic, safer bridges and a transit system that works in every region.
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Boston to Allow More Towers Downtown, with a Catch | |
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The city’s latest zoning proposal for downtown Boston would allow towers to be built on the side of Washington Street closest to Boston Common — but only if the building is 60% residential. Housing-focused projects in the sky-residential zone, as it is called, could be up to 500 feet tall, though shadow and flight restrictions could cut down that maximum height for a particular property. Other projects would be capped at 155 feet without a special permit.
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Judge Rules Against Federal PLA Mandate | |
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A U.S. Federal Claims judge has ruled in favor of a group of construction companies that filed protests against the implementation of former President Biden’s December 2023 executive order that mandated project labor agreements on federal contracts over $35 million.
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- Reminder: MA's Pay Transparency Law went into effect on Monday, February 3 for employers with more than 100 employees. The second part of the law will legalize on October 29 and effect employers with 25+ employees.
- Josh Kraft officially announced his mayoral run earlier this week with initial focal points ranging from housing, schools, jobs, immigration and even bike lanes.
- The total assessed value of all single-family homes in the commonwealth has exceeded $1 trillion for the first time in history.
- The CPI-U increased 0.4 percent on a seasonally adjusted basis in December 2024. Over the last 12 months, the “all items index” increased 2.9 percent before seasonal adjustment.
- Boston Lab vacancy surpassed 30% with 2.2M SF of life sciences projects delivered in the 4th quarter of 2024.
- Nonresidential construction planning rebounded in December, driven by a sharp uptick in data center and warehouse projects, according to Dodge Construction Network. Commercial planning led the charge with a 14.2% increase, while institutional planning posted a more modest 2.5% gain.
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