Colliers International Bostons Week In Review


Real Estate Articles of Note
February 12 – February 16, 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.


Massport has big plans for Logan’s Terminal E
The Boston Globe — February 14, 2018
Could Logan Airport soon have a building straight out of the Jetsons era? The airport is about to begin its next round of major upgrades to the busy international Terminal E, and the contractors hired for the job have come up with a wild new look for the building that evokes early Space Age design.


Opioid addiction drug maker Alkermes expands in Waltham
Boston Business Journal — February 16, 2018
Alkermes, the maker of opioid addiction treatment Vivitrol, has expanded its presence in Massachusetts with a significant new lease in Waltham. Alkermes, which is headquartered in Ireland but has a 175,000 square-foot research and development facility in Waltham, signed a lease for an additional 67,400 square feet of office space.


MassHousing Provides $135.5 Million Financing for 404-Unit Symphony Plaza in Boston
Boston Real Estate Times — February 12, 2018
MassHousing has provided a total of $135.5 million in financing to an affiliate of the non-profit Retirement Housing Foundation (RHF), to enable RHF to launch a major renovation of the 404-unit Symphony Plaza in Boston, and extend affordability at the property for at least 30 years.


Northeastern University Tops Off 20-Story, 825-Bed Student Residence Hall
Boston Real Estate Times — February 12, 2018
Northeastern held a topping-off ceremony for the Columbus Avenue student apartments on Wednesday, marking a significant moment in the construction of the 20-story, 825-bed residence hall.


Worcester Housing Community to Undergo Major Renovation With $16.4 Million in MassHousing Financing
Boston Real Estate Times — February 12, 2018
MassHousing has closed on $16.4 million in affordable housing financing to the WinnCompanies, for the rehabilitation and long-term preservation of the historic 180-unit Wellington Community in Worcester.


Allston project’s revision a nod to artists
Boston Herald — February 13, 2018
Revised $107 million plans for two new six-story residential buildings in Allston now include eight affordable living units for artists among the 265 apartments, and gallery/artist work spaces. The artist apartments will have larger unit entrances, flexible floor plans and more modest finishes to make the space more applicable for artists’ use.


4,000-seat concert venue for Charlestown's Hood Park scrapped by developers
Boston Business Journal — February 15, 2018
The development team had presented on the parking garage and concert venue at a design commission meeting in Boston’s City Hall just last week.


MassHousing Provides $13.9 Million Financing to Russell Apartments in Cambridge
Boston Real Estate Times — February 15, 2018
MassHousing has provided $13.9 million in financing to an affiliate of the Cambridge Housing Authority. The MassHousing financing will allow the Cambridge Housing Authority to launch an extensive renovation of the Russell Apartments, a 52-unit affordable housing community serving low-income senior citizens and disabled residents.


MassHousing to Provide $10.6M in Financing for 111 Units in East Boston
Banker & Tradesman — February 15, 2018
The transaction refinances and consolidates two existing affordable housing communities: Landfall Apartments and the 96-unit East Boston Rehab portfolio.


CTA Construction Completes Final Building Apartment Renovation Phase of Newtowne Court Project
Boston Real Estate Times — February 12, 2018
CTA Construction Managers recently completed the 36th of 36 phases of the Newtowne Court renovation project, which includes updates to eight buildings and 268 affordable housing units in Cambridge, Mass.






Colliers In The News


MassMutual Latest Company to Ditch Connecticut for Massachusetts
Boston Real Estate News — February 9, 2018
“The MassMutual announcement is another win for the city of Boston, and the Seaport in particular,” Colliers International Director of Research Aaron Jodka said. “It brings another 1,000 jobs, and further cements the Seaport as a top choice for tenants, not just in Boston, but the state and region as a whole.”



To subscribe to the Week In Review newsletter mailing list email