Colliers International Boston's Week In Review

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Real Estate Articles of Note
December 8 – December 14, 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.

 

 

 

Newly built Seaport office building sells for $455 million
The Boston Globe - Print Edition — December 14, 2018
High price is an indication of the neighborhood’s hot real estate market.

 

Developers get OK for high-rise affordable housing on Chinatown parking lot
The Boston Globe - Print Edition — December 14, 2018
Millennium Partners and a team of developers it’s leading received a green light Thursday to turn a Chinatown parking lot into a high-rise full of affordable housing.

 

Here’s what Apple’s snub says about Boston’s status as a tech hub
BostonGlobe.com — December 14, 2018
Apple said it plans to expand its presence here in coming years, eventually adding hundreds of employees.

 

Wayfair Nabs $31M In Tax Breaks For Massachusetts Expansion
Bisnow - Boston — December 13, 2018
Wayfair has received one of the largest tax breaks in the history of one Massachusetts economic body.

 

Without Amazon, Suffolk Downs may become a huge new neighborhood
The Boston Globe - Print Edition — December 13, 2018
The city aims to strike a balance as major development plans for Suffolk Downs move forward

 

Boston micro-hotel checks in along Theater District’s Charles Street
Curbed Boston — December 13, 2018
FOUND Boston offers co-living situations as well as rates as low as $39 a night

 

Former New Balance headquarters put up for sale
Boston Business Journal — December 13, 2018
The 115,551-square-foot warehouse at 15 Guest St. is home to Newbury Comics, Verizon and New Balance subsidiary NB Fitness.

 

Needham Developer Buys Two Shopping Plazas
Banker & Tradesman — December 13, 2018
Needham-based retail developer RK Centers has paid $41.6 million to acquire a pair of suburban Boston shopping plazas.

 

New South Boston Luxury Condo Development Gets Underway
Banker & Tradesman — December 12, 2018
Work has begun at The Ceinture, a luxury condominium development on West Fifth Street in South Boston, according to an announcement from the developer.

 

Even after you're hired at Wayfair, there's a wait to get in the door
Boston Business Journal — December 11, 2018
If you're one of the roughly 2,000 new employees Wayfair Inc. has hired in Boston this year, here's a tip: Get to work about 10 or 15 minutes early.

 

Verizon to take $4.6bn writedown on Oath unit
Boston Business Journal — December 11, 2018
Verizon has scaled back ambitions to become a digital media powerhouse after writing off almost $5bn from Oath, the struggling division assembled through the costly acquisitions of AOL and Yahoo.

 

Boston developments to watch in 2019: 11 key ones, mapped
Curbed Boston — December 11, 2018
It’s shaping up to be a busy 12 months in mega-projects

 

Bike-sharing boomed in the Boston area in 2018
Curbed Boston — December 11, 2018
Arrivals such as LimeBike and Ant joined mainstay Blue Bikes as did new electric and dockless technology

 

Asana Partners Buys Jamestown’s Newbury Street Portfolio For Nearly $300M
Bisnow - Boston — December 11, 2018
Newbury Street has a new leading landlord following a nearlly $300M portfolio sale.

 

For decades, this old Mass. factory has sat empty. Now there's a battle over its future.
The Boston Globe — December 06, 2018
In the heart of Hopedale, the sights and sounds that brought the Draper Corp. factory to life went still and silent decades ago. In their absence, shattered windowpanes and chipped paint, boarded windows and dark hallways are mainstays at the expansive, 1,000,000-square-foot former industrial powerhouse that once churned out textile machinery used around the globe...

 

 

COLLIERS IN THE NEWS

 

Law Firms Are Doing More With Less (Or The Same)
colliersinfocus.com — December 14, 2018
Boston’s law employment hasn’t varied all that much in recent years, but despite this, the industry is making a lot of changes. Per the latest BLS stats in October, legal services employment in the Boston-Cambridge-Newton NECTA division stood at 21,100.

 

Greater Boston Industrial Market – ‘If You Build it, They Will Come’
rebusinessonline.com — December 12, 2018
“Life Sci-Angle” the triangle between Cambridge, Lexington and "Waltham. The area is the epicenter of the Greater Boston life science market, and users in the biomanufacturing and high-tech/clean-manufacturing sectors have continued to absorb space there over the past several years.

 

Is Boston’s Real Estate Bubble Unpoppable?
Boston Magazine — December 11, 2018
Interest rates are rising and housing markets all over the country are slowing down. But does any of that matter here?

 

 

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