Colliers International Boston's Week In Review

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Real Estate Articles of Note
April 13 – April 19, 2019

The following represents articles of interest to the Boston real estate community that appeared in various publications during the week. Certain news links may require site registration or subscription to access the complete article.

 

 

National Development Pays $12.68M for Parts of Three South Boston Blocks
Banker & Tradesman — April 19, 2019
Newton-based National Development has bought another parcel at the intersection of Old Colony Avenue and Dorchester Avenue in South Boston as it continues assembling property for what is expected to be another large project.

 

Boston tech jobs are not only growing, they’re 'hot,' new survey finds
Boston Business Journal — April 19, 2019
As one of the major tech hubs in the country, the Boston metro area is rich in job opportunities that are not only growing in number, but are also likely to be in cutting-edge, high-paying fields. That’s the key finding for Boston from a recent analysis by Indeed, a web search engine for job listings headquartered in Austin, Texas.

 

BioMed Realty signs Cyclerion Therapeutics to 114,454 s/f lease at 301 Binney St. in East Cambridge, Mass.
New England Real Estate Journal — April 19, 2019
According to BioMed Realty, Cyclerion Therapeutics, Inc., which completed a tax-free public spin-off from Ironwood Pharmaceuticals on April 1, has entered into a long-term lease agreement to occupy 114,454 s/f at 301 Binney St. As a result of the agreement, BioMed Realty remains 99% leased across the region.

 

South Boston Positions Itself To Be Another Kendall Square Relief Valve
Bisnow — April 18, 2019
Developers are circling South Boston to be Boston’s next life science hub, and the historically Irish, and often isolated, enclave is mostly opening its arms.

 

Trump Administration Seeks to Boost Opportunity Zones
Banker & Tradesman — April 18, 2019
The Trump administration on Wednesday proposed new regulations aimed at making it easier for investors to take advantage of tax breaks for investing in Opportunity Zones in low-income areas.

 

$30M downtown food hall will feature pizza, sushi and more
Boston Business Journal — April 18, 2019
High Street Place, the $30 million food hall coming to the atrium connecting 160 Federal St. and 100 High St. in downtown Boston, has named its first slate of food and beverage vendors, including two concepts from celebrity chef Tiffani Faison and the first brick-and-mortar location for a popular Mexican food truck.

 

Developer's $250M Fund Backs Project Anchored by Dana-Farber
Banker & Tradesman — April 18, 2019
Dana-Farber Cancer Institute will anchor a medical office building conversion project planned by Boston-based developer Marcus Partners in Methuen.

 

Dudley Square development proposals include housing aimed at Boston teachers
Curbed Boston — April 18, 2019
Four contenders for site of old police station across from the Dudley Station

 

Apartments, townhomes proposed near Home Depot in West Roxbury
Boston Business Journal — April 17, 2019
Real estate developer Peter Davos has plans to build an 88-unit residential development in West Roxbury, a stone’s throw from his apartment complex that opened last year.

 

Boston Developers Think The Orange Line Is The Little (Economic) Engine That Could
Bisnow - Boston — April 16, 2019
Developers think an $8B MBTA spending package benefitting the Orange Line first will help fuel tenant demand for "Near North" Boston projects.

 

Bain Capital raising another life sciences fund after $720M debut
Boston Business Journal — April 16, 2019
Bain Capital is in the process of raising money for a second life sciences fund, less than two years after it amassed $720 million for its inaugural fund targeting the fast-growing sector.

 

BPDA OKs Dot Block Despite Neighborhood Pushback
Banker & Tradesman — April 16, 2019
Amid neighborhood concerns about gentrification, the Boston Planning and Development Agency board approved the new version of Samuels & Assoc.'s massive Dot Block project on April 11.

 

Boston Expands Additional Dwelling Pilot
Banker & Tradesman — April 16, 2019
Boston is expanding a program that encourages creation of additional apartments in existing homes and provides low-cost loans of up to $30,000 for such projects.

 

UMass Lowell sells west campus at auction
Boston Business Journal — April 15, 2019
The University of Massachusetts Lowell has sold its 34-acre west campus for $3.245 million to Alice Cui of Lexington.

 

 

COLLIERS IN THE NEWS

 

Colliers International | 2019 Q1 Industrial Viewpoint
colliers.com — April 16, 2019
The Boston industrial market started 2019 on the right foot. The first quarter saw 652,000 SF of absorption and a healthy vacancy rate of 10.5%.

 

Koop Joins Colliers as Assistant Vice President
CoStar — April 18, 2019
Boston Capital Markets Team Continues Rapid Expansion

 

Charter School Picks Dorchester Site for Expansion in $5M Deal
Banker & Tradesman — April 17, 2019
After evaluating six potential sites, Conservatory Lab Charter School has bought a Dorchester property that will enable it to build a new 45,000-square-foot campus.

 

Cellularity Relocates in Full-Building Florham Park Lease
Connect Media — April 17, 2019
Celularity has signed a long-term lease for the entire 147,215-square-foot office building at 170 Park Ave. in Florham Park, NJ. The clinical-stage cell therapeutics company is relocating its headquarters from Warren, NJ, with completion expected early next year.

 

What Happens to a College's Real Estate After It Closes?
The Commercial Observer — April 16, 2019
Newbury College is shutting its doors near Boston, and is now to sell its historic eight-acre campus for $40 million.

 

Colliers International Secures $5 Million Dorchester Site for Charter School Expansion
Boston Real Estate Times — April 12, 2019
Boston – Colliers International recently announced that it represented both buyer and seller in a $5 million Dorchester transaction that will allow the Conservatory Lab Charter School to build a second campus of 45,000 square feet at 395 Columbia Road.

 

 

 

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