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Real Estate Articles of Note
August 18 – August 24, 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.

 

Norwegian Investor Buys $291M Stake In Back Bay Office Property
Banker & Tradesman — August 23, 2018
The world’s largest sovereign wealth fund has made another investment in a high-end Boston office property, buying a 49.9 percent ownership in Back Bay.

 

Seaport building sells for possibly record price
BostonGlobe.com — August 24, 2018
Los Angeles investment firm CommonWealth Partners is paying $450 million to buy 200 Pier Four from New York-based developer Tishman Speyer, according to a deed filed in Suffolk County Thursday.

 

Fort Point Residence Inn sells for $77M
Boston Business Journal — August 23, 2018
The 120-room extended-stay hotel at 370 Congress St. was developed by Norwich Partners, which is currently developing the 24-story Moxy Hotel at 240 Tremont St. in Boston’s Theater District.

 

Wynn Resorts again mulling sale of its Everett casino: Report
Curbed Boston — August 22, 2018
Wynn Resorts is considering selling its under-construction Encore Boston Harbor casino-resort in Everett, according to a report on gambling trade website Focus Gaming News.

 

First look: Inside phase 1 of GE’s $200M Innovation Point headquarters campus
Boston Business Journal — August 21, 2018
Take a tour of the renovation of the historic brick-and-beam warehouses at 5 and 6 Necco St., formerly home to the New England Confectionary Co., that will house up to 280 General Electric Co. employees by mid-year 2019.

 

Hebrew College sells Newton campus for $18m
The Boston Globe - Print Edition — August 21, 2018
Hebrew College has sold its Newton Centre campus for $18 million to an independent school organization that also owns the neighboring grounds of the former Andover Newton Theological School.

 

Tall timber construction gets the seal of approval in Oregon
Curbed Boston — August 21, 2018
Mass timber is having a moment. Plans for wooden buildings are popping up around the country, but the fact remains that building tall with timber is a challenge.

 

Boston Red Sox exploring real estate development options in ‘Fenway 3.0’ initiative
Boston Business Journal — August 20, 2018
The move follows an explosion of commercial and residential development in the neighborhood surrounding the historic ballpark.

 

How a new approach to regulating gene therapy will affect Mass. biotechs
Boston Business Journal — August 20, 2018
Two federal agencies, the FDA and the National Institutes of Health, are reconfiguring their approach to gene therapy and gene editing, a move that could shorten the regulatory process for many Massachusetts biotech companies and potentially lead to cheaper drugs.

 

A big bet on Springfield - The Boston Globe
The Boston Globe - Print Edition — August 18, 2018
It looks like no casino you’ve ever seen, as un-Vegas as Springfield itself. And that is exactly the idea.

Colliers In The News

 

 

 

Colliers Nabs NAI Hunneman Industrial Team, Including Cathy Minnerly
Boston Real Estate Times — August 20, 2018
BOSTON — Colliers International Boston has expanded its Southwest team with the addition of an established, four-person team transitioning from NAI Hunneman.

 

KS Partners Lands 15 Court Sq. via Colliers; Legacy Sale Could Yield Near $30M
The Real Reporter — August 22, 2018
BOSTON—Following a fast-moving marketing process, KS Partners has emerged as winning suitor for 15 Court Square, CRE sources are indicating. The enduring 11-story downtown office building one observer lauds as “loaded with upside” came available in late spring through Colliers International

 

Q2 2018 Lab Viewpoint - Colliers International
colliersboston.com — August 23, 2018
Q2 2018 Lab Viewpoint - Colliers International | Boston

 

 

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