Real Estate Articles of Note
January 29 – February 2, 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.
CIC secures spot in heart of Kendall Square, takes over former Microsoft space
The Boston Globe — February 1, 2018
Cambridge Innovation Center has signed a lease for 90,000 square feet of space at 255 Main St., at the corner of Broadway and Main. The expansion will give CIC room to grow amid a surge in demand for co-working space, and secure a highly visible spot at the front door of Kendall that has long been occupied by Microsoft.
Wayfair negotiating large expansion in Boston’s Back Bay, sources say
Boston Business Journal — February 2, 2018
Wayfair Inc. is in advanced negotiations to lease more than 400,000 square feet of office space in Boston’s Back Bay, an expansion that would rank as one of the largest lease deals in the city in recent years and that further cements the neighborhood’s status as a tech hotspot.
Agero Signs 115K SF Lease for New HQ at Medford Development
Banker & Tradesman — January 31, 2018
Roadside assistance specialist Agero Inc. has signed a 17-year, 115,000-square-foot lease for a new headquarters at 400 River’s Edge in Medford, part of an expanding development cluster near the MBTA’s Wellington Station.
VMware reportedly considers taking over Dell in blockbuster reverse merger
Boston Business Journal — January 29, 2018
VMware reportedly is in talks to buy Dell Technologies in a reverse-merger that would be the biggest tech deal in history, according to a new report.
Dr Pepper Snapple, Keurig Green Mountain to merge
Boston Business Journal — January 29, 2018
Keurig Green Mountain Inc. said on Monday that it will merge with Dr Pepper Snapple Group Inc. to create a beverage powerhouse called Keurig Dr Pepper in a deal valued at $18.7 billion.
Two area biotechs raise $210M in IPOs, then watch shares soar
Boston Business Journal — January 26, 2018
Solid Biosciences, a company working on drugs to treat Duchenne muscular dystrophy, raised $125 million by pricing its shares at $16, below the $18 to $19 range first proposed. The other company, resTORbio (Nasdaq: TORC), which is affiliated with Boston-based PureTech Health, priced its shares at $15, the midpoint of its proposed range, and raised $85 million.
Ex-Boston Globe HQ Could Become Innovative Office Space
Boston Real Estate News — January 31, 2018
The former home of the Boston Globe could become home to Boston's newest innovation cluster.
Clearing the Way for a New Village in Andrew Square
Banker & Tradesman — January 29, 2018
A $400 million mixed-use project that will accelerate the transformation of an industrial corner of South Boston’s Andrew Square with nearly 1 million square feet of housing and retail space is moving to the next development stage.
West End tower proposal back before BRA
The Boston Globe — January 31, 2018
After a rare vote to delay approval, a controversial proposal for a 44-story apartment tower in the West End will go back before the Boston Redevelopment Authority board Thursday evening
Moderna Closes $500M Equity Financing
FinSMEs — January 31, 2018
Moderna Therapeutics, a Cambridge, Mass.-based clinical stage biotechnology company that is advancing messenger RNA (mRNA) therapeutics and vaccines to create a new generation of medicines, raised $500m in funding.
Colliers In The News
These millennials are selling Newbury Street to a new generation
The Boston Globe — February 2, 2018
The Washington Street area is one of a couple of corridors in the city, including Newbury Street and Seaport Boulevard, that command premium commercial lease rates of at least $100 per square foot, says Aaron Jodka, director of research for Colliers International in Boston.
Cimpress Subleases 77,000 SF at 275 Wyman Street in Waltham to Digital Guardian and ServiceNow
Boston Citybizlist - Commercial Real Estate — January 31, 2018
ServiceNow was represented in its 33,000-square-foot sublease by Jim Abarta and Bill Lynch of Colliers International.
Kendall Squeeze Pushes Lab Users To Experiment With New Neighborhoods
Boston Real Estate News — February 1, 2018
Investors are converting and upgrading suburban properties to cater to life sciences users, as well as building new ground-up product, in the case of 828 Winter St. in Waltham, Colliers International Director of Research Aaron Jodka said.
Q4 2017 Industrial Viewpoint
Colliers International - Market Insights — January 29, 2018
This week, Colliers International released its quarterly Industrial Viewpoint analysis of the Boston market. The report is available on the Market Insights page for the Boston office.