Colliers International Bostons Week In Review


Real Estate Articles of Note
January 22 – 26, 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.


Cross Point towers sold again for $227M
The Lowell Sun — January 23, 2018
The Cross Point towers have changed ownership again in a $227 million sale, more than twice the price at which the property sold just three and a half years ago.


Allston Redevelopment Includes 1,050 Residences, 300K SF Office Building
Banker & Tradesman — January 25, 2018
The grocery chain released details of its 1.9-million-square-foot Allston Yards project, which will be master-planned by Boston-based New England Development.


Amid tight Cambridge lab market, BioMed hits milestone: 100 percent leased
Boston Business Journal — January 21, 2018
Biotechs' demand for space continues to dwarf supply. Just ask BioMed Realty, which recently leased the last chunk of its 3.1 million square feet of space in Cambridge and Boston.


Harvard Ups The Ante On West Station Contribution
Boston Real Estate News — January 25, 2018
The university has offered $50M for the project and would also contribute as much as $8M for an “early action” station at the site.


JPMorgan Chase hints at opening first retail branches in Boston
Boston Business Journal — January 23, 2018
The megabank announced plans to open up to 400 new branches nationwide in the next five years, and it name-checked Boston as a possible destination.


Dispute over planned Seaport condo tower is settled
The Boston Globe — January 24, 2018
Environmental advocates agreed to drop a lawsuit challenging the project, in exchange for $13.1 million in funding for a waterfront park, a public dock, and children’s programming.


HUD Awards $1.6 Million to Massachusetts to Fight Housing Discrimination
Boston Real Estate Times — January 23, 2018
BOSTON – The U.S. Department of Housing and Urban Development (HUD) announced that it is awarding more than $1.6 million to fight housing discrimination in Massachusetts under its Fair Housing Init…


For fourth time, Boston requests extension of key harbor plan decision
Boston Business Journal — January 23, 2018
The Boston Planning and Development Agency approved a draft municipal harbor plan, a document that outlines development guidelines for the city's downtown waterfront area, last March.


Boston Mayor Walsh Files Ordinance Establishing Guidelines and Regulations for Short-Term Rentals in the City
Boston Real Estate Times — January 22, 2018
BOSTON – Boston Mayor Martin J. Walsh announced that he will file a citywide ordinance establishing guidelines and regulations to better track and regulate short-term rentals in the City of B…


Vantage Builders Constructs Facility Expansion For KORSCH America
Boston Real Estate Times — January 24, 2018
WALTHAM, MA – Vantage Builders announced that it has completed the ground-up construction of a facility expansion for KORSCH America, adjacent to its North American headquarters in South Easton, Ma…





Colliers In The News


The Davis Companies Buys 2.12-Acre Brighton Redevelopment Site for $15.75 Million
Boston Real Estate Times — January 25, 2018
Colliers International’s Investment Sales team recently announced that it has sold 1515 Commonwealth Avenue in Brighton on behalf of Curahealth/Nautic Partners. The property sold for $15.75-million to Boston-based developer, The Davis Companies.



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