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Real Estate Articles of Note
August 4 – August 10, 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.

 

Maritime research lab planned for Seaport District waterfront
Boston Business Journal — August 10, 2018
Danvers-based real estate development firm Kavanagh Advisory Group intends to develop a four-story maritime research building on Wharf 8/Pier 7 in Boston’s Seaport District, an open-water site located between the Legal Harborside seafood restaurant and Blue Hills Bank Pavilion.

 

Casper, Mattress Firm, and the Retail Lifecycle
Racked — August 10, 2018
Casper disrupted the mattress space online. Now it’s coming for retail, while Mattress Firm reportedly eyes bankruptcy.

 

South End’s Hotel Alexandra site could be reborn as boutique inn
Curbed Boston — August 09, 2018
Development team pitching 150-room hotel with 10-story addition for dilapidated landmark and adjacent lot

 

WeWork is still growing phenomenally — and losing a lot of money
Recode — August 9,2018
WeWork’s growth is accelerating as the office-rental firm adds more locations and tenants. But the company is still spending a lot to achieve that growth.

 

Seaport bridge projects sparks debate over traffic
The Boston Globe - Print Edition — August 08, 2018
Should a new North Avenue Bridge in Boston have car access, or would that only worsen traffic in the Seaport?

 

NYC enacts first-of-its-kind cap on Uber, for-hire vehicles
Curbed NY — August 08, 2018
The legislation will prevent the TLC from issuing new licenses for for-hire vehicles for one year

 

As FDA decision looms, Alnylam triples Kendall footprint, plans to double staff
The Boston Globe - Print Edition — August 07, 2018
The FDA has yet to approve Cambridge biotech Alnylam Pharmaceuticals Inc.'s first drug, but the company already has expansion plans in motion, including a hiring initiative expected to double its size by 2020.

 

One Dalton, Boston’s third-tallest tower, tops off Tuesday
Boston Business Journal — August 07, 2018
The Four Seasons Hotel & Private Residences at One Dalton Street, the fourth-largest construction project in Mass., holds its topping-off ceremony Tuesday.

 

Massport spends $1 million to lure Korean Air to Logan Airport
The Boston Globe - Print Edition — August 07, 2018
Five nonstop trips per week set to take off next year.

 

NAIOP Massachusetts CEO David Begelfer to Retire
NAIOP | Needham, MA — August 7, 2018
After more than 27 years leading NAIOP Massachusetts – The Commercial Real Estate Development Association, CEO David Begelfer today announced he will retire at the end of this year.

 

Furniture wars: Booming Wayfair charts a course to dominate online sales of home goods
The Boston Globe - Print Edition — August 07, 2018
The more Wayfair sells, the more it loses money. But the Boston Internet retailer is adding thousands of employees and notes that Amazon was once criticized for lacking profits.

 

Raytheon unveils new $72M radar-testing facility in Andover
The Boston Globe - Print Edition — August 06, 2018
Defense contractor Raytheon Co. on Monday launched a new manufacturing facility in Andover meant to support the production of cutting-edge radar technology for the U.S. Navy.

 

The next hot place to work? Look north.
The Boston Globe - Print Edition — August 05, 2018
The Orange Line corridor stretching through Charlestown, Cambridge, and Somerville is poised to emerge as a major office district, with a vast amount of office space already under construction or permitted.

Colliers In The News

 

 

Coppola Management sells Bay Village portfolio for $12.82 million
New England Real Estate Journal — August 10, 2018
Colliers International’s Multi-Family Investment Sales team completed sale of 143 Arlington St. and 1, 3, and 5 Cortes St. in the Bay Village neighborhood of the city on behalf of Coppola Management. The portfolio sold for $12.82 million to Brookline-based investor, Premier Capital Partners.

 

Trac 75, apartment complex near Boston Landing, sells for $43M
Boston Business Journal — August 06, 2018
Colliers International's Boston-based multifamily investment team, led by senior vice president Christopher Sower, represented Trac 75's sellers. Coldwell Banker Commercial NRT represented the buyer. Albert Bouchie, an agent affiliated with Coldwell, said in a statement that the sale is representative of the neighborhood's growth.

 

 

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