Colliers International Boston's Week In Review


Real Estate Articles of Note
April 21 – April 27, 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.


Shire accepts a $64b takeover offer from Takeda, will seek shareholders’ backing
The Boston Globe — April 24, 2018
Shire PLC, the second-largest biotech employer in Massachusetts, said Tuesday that it had accepted a $64 billion takeover offer from Takeda Pharmaceutical Co. and would recommend the sweetened deal to shareholders.


Raffles hotel coming to Boston via new Back Bay tower
The Boston Globe — April 26, 2018
The 33-story building will be roughly half hotel, half condominiums, and carry the flag — and the high-end services — of a luxury hotel brand best known for its flagship in Singapore, where the Singapore Sling cocktail was created and butler service is available 24 hours a day.


Google could anchor next big Boston Properties office tower in Kendall
Boston Business Journal — April 25, 2018
Boston Properties is planning to develop a 400,000-square-foot office tower in Cambridge’s Kendall Square — and Google could be the anchor tenant.


Wynn CEO indicates firm could sell Everett casino to protect bottom line
Boston Business Journal — April 25, 2018
Wynn Resorts Ltd. has spent a total of $1.38 billion on the project since it broke ground in 2016. Newly appointed CEO Matt Maddox said that, while Wynn Resorts likes the Greater Boston market, the company could be willing to sell the project should it pose a risk to the company’s bottom line.


Roche Bros. to open new location at Arsenal Yards in Watertown
The Boston Globe — April 24, 2018
Roche Bros. will open a supermarket at Arsenal Yards, the project transforming the old Arsenal Mall in Watertown into a major new development with restaurants and a modern movie cinema.


Play-Doh factory in Mass. on track for production in September
Boston Business Journal — April 24, 2018
Rhode Island-based toy giant Hasbro is shifting Play-Doh production back to East Longmeadow after having moved it to Turkey and China in 2004. The overseas factories had been unable to keep up with strong demand for Play-Doh, according to company officials.


State Street could leave its flagship tower in Boston in search of new headquarters
Boston Business Journal — April 24, 2018
State Street Corp. has kicked off a search for the future home of its headquarters, a process that could take it away from the Financial District tower that now bears the company’s name at its summit.


Automatic for the people: Logan to study if a train (or monorail) should replace shuttles at the airport
The Boston Globe — April 25, 2018
Seeking to reduce road traffic, officials at Logan International Airport will spend $15 million to design and study the feasibility of a transit line that would ferry travelers to and from terminals, the MBTA’s Blue Line, economy parking lots, and the car rental center.


Building near commuter rail could transform Gateway Cities, says MassINC
Boston Business Journal — April 24, 2018
Vacant land surrounding commuter rail stops in Gateway Cities has the potential to house approximately 140,000 people and create a similar number of new jobs. But improvements to commuter rail service are required to encourage development in these areas, according to a study being released Tuesday by the MassINC think tank.


Big time: The city's largest companies are all about city living
Boston Business Journal — April 26, 2018
Major corporations are moving into Boston, or expanding in the city, not only to tap into Boston’s talent but also its ever-growing, ever-more important business-to-business community.




Colliers In The News


Colliers completes $131.5 million of financing for Hilco Redevelopment Partners
Boston Real Estate Times — April 27, 2018
The team of Adam Coppola, Thomas Welch, John Poole and Tonia Jenkins have secured six loans on five properties for the innovative, value-add developer.


Trends in Boston’s Multifamily Market
Multi-Housing News — April 26, 2018
Bruce Lusa, vice president of Colliers International's investment sales team in Boston, discusses area trends and offers advice on the current market.


Medical School Building Sale Nears Close
The Harvard Crimson — April 25, 2018
“Boston is a highly targeted market by institutional investors,” said Aaron Jodka, research director at Colliers International. “When good-quality assets come to market, they are hotly contested.”


Building Ahead of the Market: Spec Lab Projects Spill into More Neighborhoods
Banker & Tradesman — April 22, 2018
“The new product is leasing up very quickly in Cambridge and these firms have specialized science, so they want to control production from research all the way to drug manufacturing,” said Aaron Jodka, director of research for Colliers International in Boston.



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