Colliers International Boston's Week In Review

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Real Estate Articles of Note
April 20 – April 26, 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.

 

 

Is Amazon eyeing North Andover for a distribution center?
Boston Business Journal — April 26, 2019
A Texas-based real-estate development firm is under contract to purchase the former home of Lucent Technologies in North Andover, and plans to develop a 3.6 million-square-foot fulfillment center for an unnamed e-commerce tenant that could ultimately employ 1,500 people.

 

Northern Avenue Bridge proposals all hinge on buses, not bikes
Curbed Boston — April 26, 2019
All four proposals now on the table for the old Northern Avenue Bridge between the Seaport District and downtown Boston’s waterfront hinge on buses, not bikes. Or pedestrians.

 

Boston area’s population increases—along with housing costs and commute times
Curbed Boston — April 25, 2019
Together, the stats beg the question: Is the Boston area reaching a breaking point in terms of its growth?

 

Gazit Horizons buys retail center near Faneuil Hall for $82M
Boston Business Journal — April 25, 2019
The company acquired a Newbury Street building for $51 million earlier this year.

 

Seaport District’s old 51 Sleeper Street to undergo major renovation
Curbed Boston — April 25, 2019
A major renovation of the former 51 Sleeper Street in the Seaport District could include a new roof deck with some choice neighborhood and water views, according to owner Brookfield Properties.

 

Logan Airport Uber and Lyft changes set to take effect in October
Curbed Boston — April 25, 2019
Massport cites congestion and quality of life in changing drop-offs and pickups as well as adding fees

 

Plan for private, for-profit dorm near Fenway Park draws support, criticism
Boston Business Journal — April 24, 2019
A developer has pitched what could be the city's first large-scale, privately run dormitory a block away from the historic Fenway Park.

 

Engineering Firm Picks Marlborough For New HQ
Banker & Tradesman — April 24, 2019
A Watertown engineering firm will occupy a new 79,000-square-foot headquarters in Marlborough following a warehouse-to-office conversion by the landlord.

 

The Single Accounting Change That Will Bring $2 Trillion In Liabilities Onto U.S. Balance Sheets
Bisnow - Chicago — April 23, 2019
ASC 842 is far more than just a standards change.

 

Green Line extension construction picking up
Curbed Boston — April 22, 2019
The pace of construction on the Green Line extension through Somerville into Medford is expected to pick up ahead of a 2021 deadline for the 4.7-mile spoke of the T system.

 

Workbar Plans For A Future Beyond Boston
Bisnow - Boston — April 22, 2019
Boston’s homegrown coworking company plans to spend the rest of 2019 beefing up its local presence before embarking on a national expansion.

 

87-Unit Project Proposed for West Roxbury
Banker & Tradesman — April 22, 2019
A developer is proposing a housing development just off of VFW Parkway in West Roxbury.

 

 

COLLIERS IN THE NEWS

 

Colliers leases over 70% of spec warehouse in Northborough
Boston RE Times — April 25, 2019
Colliers International Boston’s Southwest team has leased over 70% of spec warehouse in Northborough, MA.

 

Lynn Downtown Project Gets $64M in Financing
Banker & Tradesman — April 24, 2019
A $63.9 million loan from CIT Group Inc. and Square Mile Capital Management is financing development of downtown Lynn’s largest project in decades. Jeff Black of Colliers International’s Boston office arranged the financing for the developers.

 

 

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