Colliers International Bostons Week In Review


Real Estate Articles of Note
February 6 – February 9, 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.


MassMutual to build $240 million office in Seaport District
The Boston Globe — February 08, 2018
Massachusetts Mutual Life Insurance Co. said Thursday that it will bring about 1,000 workers to a $240 million office space the financial services firm plans to build on Fan Pier, making it the latest major business to expand in Boston’s booming Seaport District.


Boston-based Battery Ventures raises $1.25b for tech investments
The Boston Globe — February 06, 2018
Boston venture firm Battery Ventures announced Tuesday that it has raised $1.25 billion for two new funds, suggesting investors remain highly optimistic about technology despite high valuations for startups and a dearth of companies going public.


Commuters, rejoice: Longfellow Bridge will reopen in May
The Boston Globe — February 08, 2018
The Longfellow Bridge, which spans the Charles River and carries commuters of all kinds between Cambridge and Boston, will finally reopen in May.


Aiming to add housing, mayor seeks developers’ ideas for 80-plus city buildings
The Boston Globe — February 04, 2018
The Walsh administration is asking for ideas to redevelop more than 80 city-owned buildings, with the goal of adding housing while sprucing up the public facilities inside.


Boston Civic Design Commission approves first phase of Suffolk Downs development, which could host Amazon's HQ2
Boston Business Journal — February 07, 2018
The development's first phase would feature two buildings spanning a combined 520,000 square feet near the MBTA Blue Line Suffolk Downs stop.


Amazon tax break would likely come in standalone bill, Massachusetts Gov. Charlie Baker says
Boston Business Journal — February 08, 2018
No Amazon-specific package is expected to be included in the economic development bill Baker plans to introduce later this month, according to the governor.


Brookline to host affordable housing presentation
The Boston Globe — February 06, 2018
The guest speaker Feb. 15 will offer a perspective on greater Boston’s “explosive real estate and jobs economy” and how that impacts housing affordability.


MassHousing Provides $14.3 Million Financing for a Non-Profit Developer
Boston Real Estate Times — February 07, 2018
MassHousing has provided a total of $14.3 million in financing to the nonprofit Fenway Community Development Corporation, for the renovation and preservation of 52 affordable housing units.


Boston Foundation, Barr Foundation call on developers to build the next Boston Landing
Boston Business Journal — February 08, 2018
A new report funded by the Boston and Barr foundations puts a premium on improving the MBTA's existing footprint, rather than expanding it.


BCDC OK's Boston Globe redevelopment proposal presented by Nordblom, Stantec, Copley Wolff Design team (Video)
Boston Business Journal — February 07, 2018
Nordblom has proposed repurposing the existing Globe building into a 695,000-square-foot creative office and light industrial space, reminiscent of a postindustrial renovated factory. (VIDEO)





Colliers In The News


Insights from Colliers Clients - Survey Says ...
Colliers in Focus — February 6, 2018
Last month, Colliers hosted its 39th Annual Trends in the Real Estate Market Seminar, and asked registrants to complete a survey about their priorities both at work and in the marketplace. Boston Director of Research Aaron Jodka comments on the results of the survey and the insights they provide.


The Abbey Group Adopts Multifamily Strategy In Hyatt Partnership For Office Amenities
Boston Real Estate News — February 8, 2018
Overall office vacancies in Boston were 10.5% at the end of 2017, according to Colliers International research. The tightening market has forced developers to get creative to woo companies, and that typically means more allocated space.



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