Real Estate Articles of Note
April 24 – April 28, 2017
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.
Brigham and Women’s offers buyouts to 1,600 workers
The Boston Globe — April 27, 2017
Brigham and Women’s Hospital, one of Boston’s largest employers, said Thursday that it is offering voluntary buyouts to 1,600 workers to rein in costs, a sign of financial stress in one of the region’s bedrock business sectors.
Why is General Electric naming its Boston headquarters Innovation Point?
Boston Business Journal — April 27, 2017
On May 8, Boston-based General Electric Co. officially breaks ground on its $200 million, 2.5-acre headquarters campus along the Fort Point Channel.
84 Lumber set to open first store in Greater Boston
Boston Business Journal — April 27, 2017
The Pennsylvania-based building materials supplier is about to open its second Massachusetts location, this time a little closer to Boston.
Target plans to open small-format store in Roslindale Village
bizjournals.com — April 26, 2017
Minneapolis-based retail giant is continuing its small-format store expansion in Greater Boston, with plans to open a 21,500-square-foot location in Roslindale Village next year. The small-footprint Target (NYSE: TGT) will open next March at a Staples location at 4165 Washington St. Target has previously opened small-format urban stores at Packard’s Corner in Brookline and Central Square in Cambridge, with another expected to open this July in Stoneham. A three-level, 160,000-square-foot store opened on Boylston Street in Boston’s Fenway neighborhood in summer 2015.
Here’s the first glimpse at the future of Southie’s Boston Edison plant
Boston Business Journal — April 25, 2017
All told, the project would span a combined 2.1 million square feet of residential, office, hotel, retail, restaurant and other commercial uses, along with parking, when built out over the next 10 to 15 years.
Shadow of doubt for Boston tower
Boston Herald — April 24, 2017
A divided City Council grilled backers of the billion-dollar redevelopment of the Winthrop Square garage in a City Hall chamber overflowing with hundreds of advocates and opponents, setting the stage for a potentially contentious vote tomorrow.Millennium Partners is proposing to turn the decrepit garage into a 775-foot tower of ¬office and luxury residential units, a plan backed by Mayor Martin J. Walsh and the Boston Planning and Development Agency.
New Hampton Inn and Suites by Hilton Added to Arsenal Yards Project
GlobeSt.com — April 24, 2017
WATERTOWN MA—Developer Boylston Properties reports the new hotel at the Arsenal Yards project will feature 145-rooms. Construction on the development is
Widett wholesalers formally eye industrial park
The Boston Globe - Print Edition — April 22, 2017
The meatpackers and fish processors at Widett Circle are making their first formal step toward a new home.
Colliers In The News
Colliers Promotes Robert Brierley to Head of Real Estate Management Services
Boston Real Estate Times — April 27, 2017
...BOSTON – Colliers International New England announced that it has promoted property, asset, and project management veteran, ...
Colliers Lends a Hand in $60M MOB Package Deal
cpexecutive.com — April 26, 2017
...Additionally, Jeff Black, senior vice president of Colliers International’s Boston-based debt team, assisted the buyer, Albany Road Real Estate Partners, in securing a $40 ...
Boston Historic Building Trades in Sale-Leaseback Deal
Commercial Property Executive — April 25, 2017
...Colliers International arranged the disposition of 148 State St. on behalf of Public Consulting Group Inc., which will ...
Amid Retail Storm, New Formats Emerge
Banker & Tradesman — April 21, 2017
... has agreed to buy the property, containing 75,000 square feet of office and retail space on five floors, said Peter Montesanto, a senior vice president at Colliers International Boston.......