Colliers International Bostons Week In Review


Real Estate Articles of Note
January 15 – 19, 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.


Boston among cities on short list for Amazon headquarters
The Boston Globe — January 18, 2018
In the fierce competition to be Amazon’s second home, Boston has moved on to the next round. The region is one of 20 across North America that made a short list released Thursday of places where the Internet giant will consider building “HQ2” — a massive campus that could someday house 50,000 employees and complement its longtime home in Seattle.


Apple pledges $350 billion investment in US economy over next five years — January 18, 2018
Apple is about to give the U.S. economy a huge boost in the form of a $350 billion five-year investment. As part of that, it will commit $55 billion this year alone and plans on adding 20,000 new jobs over that time frame. Following in the footsteps of Amazon, it also plans to add a new campus somewhere in the U.S. this year.


Accenture to hire 400 as it opens new Boston 'innovation hub'
Boston Business Journal — January 16, 2018
Dublin-based professional services firm Accenture wants to hire 400 tech-focused employees in Boston in the next three years, expanding a local workforce that already numbers about 1,500. The company on Tuesday will celebrate the opening of a new “innovation hub” at 888 Boylston St. in Back Bay, where existing employees have been working since October.


Boston OKs autonomous Optimus cars
Boston Herald — January 18, 2018
A second self-driving car company will start carrying passengers in Boston soon and could eventually use its autonomous vehicles to help employees of Seaport companies get to work.


Gene editing startup Homology cuts deal for new Bedford HQ
Boston Business Journal — January 17, 2018
After raising one of the biggest rounds of financing for a local biotech in 2017, gene editing startup Homology Medicines has signed a lease for a new headquarters in Bedford, Massachusetts that is nearly triple the size of its current office. A spokesperson for Homology confirmed that the privately held firm has agreed to lease 67,000 square feet of space at 1 Patriots Park, a recently renovated building in Bedford.


WeWork keeps on growing in Boston
The Boston Globe — January 17, 2018
WeWork is taking over another large chunk of space in downtown Boston. The co-working giant is leasing 100,000 square feet at 33 Arch Street, an office tower in Downtown Crossing. It’s the sixth Boston location — along with one in Cambridge — for the fast-growing firm, which is quickly becoming a major player in Boston’s office market.


Apartments, condos planned near Boston Landing MBTA stop
Boston Business Journal — January 18, 2018
Boston Real Estate Collaborative has proposed a 54-unit residential development with 35 underground parking spaces at 44 N. Beacon St. in the city’s Allston-Brighton neighborhood. The opening of the Boston Landing station last spring marked the first time in more than half a century that the Allston-Brighton neighborhood had access to the MBTA Commuter Rail.


Law firm Nixon Peabody planning big office move in downtown Boston
Boston Business Journal — January 17, 2018
Nixon Peabody LLP has been located at 100 Summer St. for the past 15 years, but the law firm is looking to move into new space downtown. Nixon Peabody has signed a letter of intent to lease up to 125,000 square feet of office space at 53 State St. in downtown Boston, according to multiple sources in Boston’s real estate community who spoke on condition of anonymity.


Dunkin' Donuts opens its first next-generation store in Massachusetts
Boston Business Journal — January 16, 2018
Just don't call it Dunkin' Donuts.


Here’s when the new Wegmans in Natick is opening
The Boston Globe — January 17, 2018
The supermarket, which will span 146,500 square feet over two floors in Natick Mall, will also feature two restaurants.





Colliers In The News


And Then There Were 20: Boston And 19 Others Make The HQ2 Shortlist
Bisnow — January 18, 2018
Amazon announced Thursday it narrowed down the initial Amazon HQ2 playing field of 238 applicants to a shortlist of 20, including Boston and other cities mostly seen as leading contenders from the early days of the bidding process. “This is exciting news but was expected. Boston offers everything Amazon is looking for and should remain on the shortlist all the way to the finals,” Colliers International Director of Research Aaron Jodka said. “It is clear Amazon wants to be here. They are on the hunt for up to 1M SF in the market.”


How Workbar Plans To Profit From Blurring The Work-Life Balance
Bisnow — January 16, 2018
With its newest location in Back Bay, Boston-based Workbar is moving ahead with growth plans that cement it as a formidable local co-working force. The company’s smaller footprint, typically between 6K SF and 15K SF, affords it the ability to look at a larger variety of locations. “There are 15K SF spaces in the suburbs when WeWork usually looks for 50K SF,” Colliers International Senior Vice President Caleb Hudak said at the company’s annual Greater Boston market seminar earlier this month.


Bloomberg Baystate Business: Amazon, Kennedy and Bain
Bloomberg — January 18, 2018
Our Director of Research Aaron Jodka joined Bloomberg Business to discuss the real estate market. Audio begins at 38:05.


Stubblebine Co. handles 51,363 s/f in leases for Westfield Investments
New England Real Estate Journal — January 19, 2018
... represented Wakefield Investments in all four of the transactions. John Carroll from Colliers International represented 24M Technologies, while Jeremy Roy from Perry Brokerage assisted Walden Local Meat ...


Sunny days ahead for Massachusetts' economy
Boston Business Journal — January 18, 2018
... inside and outside the city are seeking about 6 million square feet, according to a recent report from Colliers International. That’s the highest tenant requirement figure the real-estate brokerage has ever ...



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