Colliers International Boston's Week In Review

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Real Estate Articles of Note
March 30 – April 5, 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.

 

 

24-Story Office Tower Proposed In Leather District
Banker & Tradesman — April 05, 2019
Oxford Properties Group is proposing a 24-story, 625,000-square-foot office tower to replace the 125 Lincoln St. garage in Boston’s Leather District.

 

Design Revealed for WS Development’s Next Seaport Office Complex
Banker & Tradesman — April 04, 2019
As reports continue to swirl about a major biotech company lease in the Seaport District, WS Development plans to break ground this fall on a 626,400-square-foot office complex.

 

Tear Down This Wall: Boston Developers Want Ground-Floor Upgrades At Aging Towers
Bisnow - Boston — April 04, 2019
Architects and developers are doing away with downtown Boston's concrete, walled-off look to woo a new era of tenants.

 

Life Science Company Commits to 114K SF Kendall Square Lease
Banker & Tradesman — April 03, 2019
Ironwood Pharmaceuticals spinoff Cyclerion Therapeutics Inc. has leased 114,454 square feet from BioMed Realty in Cambridge’s Kendall Square.

 

Curaleaf plans to operate seven Mass. marijuana stores, testing limits of state rules.
The Boston Globe - Print Edition — April 03, 2019
Curaleaf, one of the biggest marijuana operators in the country, is the latest company to test Massachusetts rules designed to prevent a few large corporations from dominating the market.

 

ezCater raises $150M to become Boston tech's latest unicorn
Boston Business Journal — April 02, 2019
Boston-based ezCater Inc. has raised a $150 million investment round that brings the valuation of the private corporate-catering platform to $1.25 billion, making the company a local unicorn.

 

Waterfront Apartments Break Ground in Revere
Banker & Tradesman — April 02, 2019
A 145-unit apartment complex called BLVD at Revere Beach will include a mix of studio, one- and two-bedroom units with 5,800 square feet of resident amenities.

 

Swansea Mall Closes, Land to Be Auctioned
Banker & Tradesman — April 02, 2019
The 90-shop Swansea Mall closed its doors for the last time this weekend after decades of difficulties.

 

Trader Joe’s confirms interest in Fort Point store
Boston Business Journal — April 02, 2019
The Business Journal first reported in February that the popular California-based grocery chain could come to the Thomson Place retail corridor.

 

Restaurant tech startup Toast says it is worth $2.7 billion
The Boston Globe - Print Edition — April 01, 2019
Restaurants are increasingly turning to tech to change how they make food, manage their businesses, and connect with customers.

 

Nonprofits are being squeezed out of Boston offices as rents surge
The Boston Globe - Print Edition — April 01, 2019
For almost a decade, Big Brothers Big Sisters of Massachusetts Bay has been based on the eighth floor of a downtown high-rise, close to volunteers and donors, easy to reach for families and staff, and smack in the middle of a service area that stretches from Lawrence to Cape Cod. But by the end of the year, the agency is likely to be forced out by surging downtown Boston rents.

 

Boston Landing Begins Concert Hall And Track Project
Banker & Tradesman — April 01, 2019
A 3,500-seat concert hall and track-and-field facility with a 20,000-square-foot sports research lab are under construction at Boston Landing in Brighton.

 

Medford Square Redevelopment Could Yield ‘Gold Mine’
Banker & Tradesman — March 29, 2019
The sale of two municipal parking lots near Medford City Hall could be the first step in the latest strategy for revitalizing Medford Square.

 

 

COLLIERS IN THE NEWS

 

Colliers International | 2019 Q1 Market Viewpoint Report Boston Colliers
colliers.com — April 01, 2019
What a start to the year. Headline after headline continues to show the strength of the Boston market

 

Renovated Needham Property Attracts Biotech Tenant
Banker & Tradesman — April 04, 2019
A biotech company that just raised $22.6 million in financing has signed a seven-year lease for 16,000 square feet of office and lab space at Bulfinch’s 117 Kendrick property in Needham.

 

Amazon will do Alexa work in Medford
BostonGlobe.com — April 02, 2019
Amazon has signed a lease for approximately 50,000 square feet of office space at One Cabot Road in Medford. The office will house about 200 staffers.

 

Bulfinch Scores (Another) Life Sciences Deal at 117 Kendrick St. in N2 Corridor
The Real Reporter — April 02, 2019
Cross-border collaboration has brought welcomed life to the N2 Corridor straddling this community and neighboring Newton, and now the commitment of another life sciences firm to 117 Kendrick St. is advancing efforts among municipal planners and local landlords targeting the emerging biotech sector.

 

 

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