Colliers International Bostons Week In Review


Real Estate Articles of Note
February 19 – February 23, 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.


Office Envy: Inside the Newly-Inaugurated Office of Mimecast in Lexington
Bostinno — February 20, 2018
Public company Mimecast recently moved its North American headquarters from Watertown to Lexington, Mass. The extra space enables the company to expand the perks offered to the current 360 Massachusetts-based employees, including an open work environment, free lunch four days a week, covered parking, a gym and a 1,600-foot roof deck.


What’s next for Don Chiofaro's $1B Harbor Garage tower?
Boston Business Journal — February 20, 2018
In 2009, Chiofaro Co. formally notified the city of Boston of its plan to develop 1.5 million square feet across two towers at the Harbor Garage site. But the Harbor Garage project had a string of setbacks. The Business Journal in 2010 described the situation as “a drawn-out and extremely well-publicized feud with Boston officials."


Building Within a Building: 110 High Street and 50 Post Office Square
Boston Real Estate Times — February 21, 2018
LaSalle Investment Management, the owner of 50 Post Office Square in Boston, has unveiled some additional information on the next phases of the project. The new entrance to the first six floors on 110 High Street will have a state of the art, first-of-its-kind indoor outdoor customizable media screen.


Amazon HQ2 will shake up site selection for good
Boston Business Journal — February 20, 2018
A new report predicts that the way companies go about choosing relocation and expansion sites will forever be altered by how is conducting its search for a city to host its coveted second headquarters.


Boston Ritz-Carlton Penthouse Sale Nabs Sales Record
Bisnow - Boston — February 20, 2018
The Ritz-Carlton in downtown Boston notched a penthouse sale 20% higher than the previous record holder.


Mayor Walsh Announces $15 Million in New Funding for Affordable Housing Construction in Boston
Boston Real Estate Times — February 22, 2018
Boston Mayor Martin J. Walsh announced that the Department of Neighborhood Development (DND) and the Neighborhood Housing Trust (NHT) Fund have awarded more than $15 million in funds to seven rental projects across Boston.


Parent of Shaw’s, Star Markets will buy remaining Rite Aid stores
The Boston Globe — February 20, 2018
Rite Aid already agreed to sell about 2,000 stores to Walgreens Boots Alliance Inc.


Bowdoin Completes Multi-Phased Expansion and Renovation for Reiser
Boston Real Estate Times — February 22, 2018
Bowdoin Construction recently completed a multi-phased expansion and renovation for Reiser, designed by Roth & Seelen. The initial phase consisted of the fit-out of 22,000 square feet of offices and staff lounge space. The subsequent phase included a 46,000 square feet of warehouse addition with an active rack system, and a new temperature controlled commercial showroom for food preparation.





Colliers In The News


New Hire: Bruce Lusa
Boston Business Journal — February 22, 2018
Bruce Lusa joins Colliers International Boston's multi-family investment sales team as a vice president. He specializes in the sale of multi-family investment properties in the Greater Boston markets, with 17 years of experience at CBRE/New England and Northland Investment Corporation.


Bloomberg Baystate Business: Trump, Real Estate, Battery Power
Bloomberg — February 21, 2018
Aaron Jodka, Research Director at Colliers International's Boston office, joined the radio staff at Bloomberg to talk about the local real estate scene. Their discussion begins at 21:21.



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