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Real Estate Articles of Note
April 13 – April 20, 2018

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.

 


Philips HQ Move to Cambridge Could Grow Larger
Banker & Tradesman — April 20, 2018
Just three months after announcing a new 243,000-square-foot headquarters for 2,000 employees at Cambridge Crossing, Philips North America is reportedly committing to nearly 100,000 square feet more in the speculative development.

 


GE CEO seeks to shift power away from Boston HQ, to business units
Boston Business Journal — April 20, 2018
The shift will cut down on GE’s corporate expenses, CEO John Flannery said, though he declined to estimate by how much. It was not immediately clear what the changes mean for the headcount and personnel mix at the Boston headquarters going forward.

 


Boston or D.C. ‘most likely to win’ Amazon’s HQ2, report finds
Boston Business Journal — April 18, 2018
The Boston and Washington, D.C. metro areas are the “most likely candidates” to win Amazon.com Inc.’s proposed second headquarters, a study from New York-based The Conference Board concludes, based on real-time labor demand and advertised online job vacancies among the 20 cities vying to land HQ2.

 


Union Fund Acquires 177 Huntington Ave. Lease For $137.5M
Banker & Tradesman — April 18, 2018
A real estate fund affiliated with the AFL-CIO has acquired the ground lease on 177 Huntington Ave. in Boston’s Christian Science Plaza for $137.5 million.

 


Mass. mergers rise by nearly 30% in early 2018
Boston Business Journal — April 19, 2018
The number of mergers and acquisitions involving Massachusetts companies increased 28 percent in 2018’s first quarter compared with the previous three-month period, according to new EY data.

 


Boston Climbs Global Ranks in CRE Investment
Banker & Tradesman — April 19, 2018
Greater Boston’s growing tech economy is acting as a catalyst for commercial real estate investment, with the region topping Silicon Valley and 11 other global markets categorized as “innovators” in a new JLL report.

 


Aetna to hire 250 as part of 'innovation hub' expansion in Wellesley
Boston Business Journal — April 17, 2018
Health insurance giant Aetna is expanding its presence in the Bay State, months after choosing New York over Boston to relocate its headquarters.

 


Drift to leave Wayfair offices as Sequoia leads new $60M round
Boston Business Journal — April 17, 2018
The startup today announced a $60 million round of investment, $40 million of which came from Sequoia. Other investors included returners CRV and General Catalyst.

 


In fast-changing Union Square, a business park commands a premium price
The Boston Globe — April 15, 2018
Boston-based Rafi Properties closed last week on an $88 million deal to buy the Ames Business Park, a former envelope factory complex that has become a hub of the city’s creative and innovative economy.

 


Take a look at Alexandria's latest apartment complex in Kendall Square
Boston Business Journal — April 17, 2018
Alexandria, a California-based real estate investment trust and developer, has plans to develop a 132-unit, 132,000-square-foot residential property at 50 Rogers St. in Cambridge’s Kendall Square neighborhood.

 


Top spots to live in Greater Boston in 2018
The Boston Globe — April 19, 2018
With few exceptions, communities in or near Boston have seen Massachusetts’ biggest gains in median home prices between 2012 and 2017, even in already expensive markets like Brookline and Cambridge.

 

 

 

Colliers In The News

 


Bloomberg Baystate Business: Airbnb v. Wu (Wynn, too)
Bloomberg — April 18, 2018
Aaron Jodka, Director of Research at Colliers International Boston, joined the radio staff at Bloomberg to discuss activity in the Massachusetts industrial real estate market. Their conversation begins at 18:16.

 


908 Devices takes 37,500 s/f lease in Seaport
New England Real Estate Journal — April 20, 2018
908 Devices Inc., represented by Colliers International's Evan Gallagher and Dan Collins, is set to relocate their full-scale production facility to the Seaport in Q3 2018.

 


Colliers International sells 185-unit True North Capital portfolio for $45.2 million
New England Real Estate Journal — April 13, 2018
Colliers International’s multi-family investment sales team completed the $45.2 million sale of a two-community, 185-unit suburban apartment portfolio.

 


The day Geoffrey the Giraffe died
New England Real Estate Journal — April 13, 2018
Boston Director of Research Aaron Jodka's discussion of the bankruptcy of Toys 'R' Us, a Colliers in Focus piece released earlier this year, was recently republished in the front section of the New England Real Estate Journal.

 

 

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