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Real Estate Articles of Note
August 24 – August 31, 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.

 

Life sciences R&D complex proposed near Harvard's Allston campus
Boston Business Journal — August 30, 2018
One of the most prominent developers of life sciences real estate in the region has its eyes on Allston as the site of its next large-scale project. Boston-based King Street Properties, in partnership with Mugar Enterprises Inc. and the DiStefano family, has proposed Nexus on Western Ave., a 560,000-square-foot office and research and development complex on 4.4 acres on Western Avenue in Allston, according to a letter of intent filed with the Boston Planning and Development Agency on Tuesday.

 

BioMed Realty Trust Bought 1 Acre In Kendall Square For $50M
Bisnow - Boston — August 30, 2018
An acre in Kendall Square just sold for $50.5M.

 

Hilco Picks Up Former Raytheon Complex for $86M
Banker & Tradesman — August 29, 2018
Northbrook, Illinois-based Hilco Real Estate has acquired a 440,000-square-foot office campus in Waltham for $86 million.

 

Boston Lands Among Top 3 Office Markets in Q2
Banker & Tradesman — August 29, 2018
Boston had the third-strongest office market absorption in the U.S. during the second quarter, reflecting e-commerce firm Wayfair’s big expansion in the Back Bay and continued growth of the co-working sector.

 

Humana Plans Seaport Digital Health Center
Bisnow - Boston — August 28, 2018
Humana is heading to the Seaport.

 

Herald announces move to offices in Braintree
Boston Herald — August 28, 2018
The Boston Herald is relocating its offices to completely renovated space in the Braintree Executive Park later this year, the company announced in a memo to its employees.The Herald’s entire editorial, advertising and administrative staffs will be moved to the 100 Grossman Drive office building starting in late November, with the relocation expected to be completed by mid-December.

 

Equity Residential Buys South End Apartment Complex for $216M
Banker & Tradesman — August 27, 2018
Gerding Edlen has sold Troy Boston apartments in Boston’s South End for $216.1 million, or nearly $572,000 per unit, to Chicago-based Equity Residential.

 

Australian Developer Plans $2B Multifamily Pipeline Including Boston
Banker & Tradesman — August 27, 2018
Lendlease is teaming up with a pension fund with plans for a $2 billion develop-and-hold multifamily pipeline in Boston and four other real estate markets.

 

Realizing the Potential of Opportunity Zones - Banker & Tradesman
Banker & Tradesman — August 24, 2018
It is not news that the Trump Administration was successful in getting the controversial Tax Cuts and Jobs Act of 2017 passed late last year.

 

Developer Pays $80M for 12 Acres in Alewife
Banker & Tradesman — August 24, 2018
A developer is evaluating options for nearly 12 acres in Cambridge’s rapidly changing Alewife neighborhood after completing an $80 million acquisition.

 

Allston, Dorchester have fastest-growing rents in Boston
The Boston Globe — August 24, 2018
Zumper ranked Boston on Thursday as the fourth most expensive place to rent a one-bedroom apartment in the country. realestate.boston.com

 

California Investor Buys Pier 4 Offices for $450M
Banker & Tradesman — August 24, 2018
A Seaport District office building fully leased to Cengage Learning, Man Consulting and Boston Consulting Group has been acquired by a CA investor.

Colliers In The News

 

 

 

How The WooSox Could Birth A Central Massachusetts Building Boom
Bisnow - Boston — August 28, 2018
...Zabinski’s business group may not be waiting long. Boston-based Colliers International Vice President Kevin Brawley, who has worked on subleasing deals at insurance company Unum's ...

 

Chelmsford at a Crossroads - Banker & Tradesman
Banker & Tradesman — August 24, 2018
...Greg Klemmer, executive vice president at Colliers International, said that some of the office buildings previously occupied by Kronos, Mercury and other major ...

 

 

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