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Real Estate Articles of Note
July 15 – July 21, 2017

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.

 


Google, GE help lead a $115M investment in Desktop Metal
Boston Business Journal — July 17, 2017

Burlington-based Desktop Metal Inc. has reportedly reached "unicorn" status — a private company valued at $1 billion or more — less than two years after its first fundraising thanks to a new, $115 million Series D funding round from its big-name backers.

 


Trust’s decision to sell buildings means big changes in store for Harvard Square
The Boston Globe - Print Edition — July 20, 2017

It’s been this way for years in Harvard Square — every time a business or property changes hands, it sets off debate about what the deal might

 


Surge in development builds nest egg for Boston
The Boston Globe - Print Edition — July 19, 2017

The city raised $55 million in affordable housing funds last year, according to data released Wednesday.

 


Forever 21 shutters Downtown Crossing store ‘until further notice’
Boston Business Journal — July 18, 2017

Forever 21 opened a three-level, 20,000-square-foot store at 449 Washington St. in Boston's Downtown Crossing neighborhood this April.

 


Federal officials fork over cash for Green Line extension
The Boston Globe — July 17, 2017

It was a small amount for a multibillion-dollar project, but the payment from the federal government marked an important milestone for the extension of the Green Line to Somerville and Medford. The $1.7 million payment is the first federal grant money the state has received for the...

 


Here’s what Boston's planning agency, the BPDA, approved in July
Boston Business Journal — July 17, 2017

Three projects approved by the city of Boston this month will bring 161 residential units online in East Boston.

 


Somerville housing debate echoes across region
The Boston Globe - Print Edition — July 14, 2017

How much affordable housing should governments require of developers without scaring them off?

 


On the right track: State's program to redevelop small parcels along MBTA transit lines is inching along in Massachusetts
Boston Business Journal — July 14, 2017

Gov. Charlie Baker’s Open for Business initiative was launched in October 2015 to help private developers build on publicly owned transportation land. It challenged state agencies “to protect natural resources, create economic opportunity, build housing, manage these lands with professionalism and creativity, and to generate appropriate revenue from leases and other partnerships.”

 


East Boston condos win key approvals
Boston Herald — July 14, 2017

Three East Boston projects aiming to transform commercial sites into condos — including the long-stalled redevelopment of the former Hodge Boiler Works Co. on the waterfront — have won key approvals.The 119-apartment Sumner Street project next to LoPresti Park would fill a key missing link on the East Boston harbor walk, connecting Carlton Wharf sections to the Clippership Wharf sections.

 


Is Boston's Tech Scene Besting New York?
Paste Magazine — July 13, 2017

There’s a lot New York could learn from Boston about lifestyle. You might proffer this The Onion slam of Boston in response to my statement, but there’s more than a grain of truth in this takedown of New York in the same pub. A recent trip to Boston’s innovation district, Seaport, impressed me with...

 

 

 

Colliers In The News

 


Just Released: Industrial Viewpoint Q2 2017
Colliers International Boston — July 21, 2017

Vacancies continue to fall. Absorption cooled in the second quarter, maintaining the trend of the past few years of a slower Q2. Vacancies ended the first half of the year at 10.7%, marking a new low point for this economic expansion. Rent growth continues to accelerate, to 9.2% in the past 12 months. Improved fundamentals and scarcity of quality product are even fueling growth in second-tier assets.

 


Cambridge Is Now a Lab Majority Market
Colliers International Boston — July 20, 2017

For the first time ever, space in the Cambridge market has tilted in favor of lab usage. The recent completion of 50/60 Binney Street and the conversion of 75 Moulton Street have created 11.7 million SF of lab space in Cambridge, overtaking 11.3 million SF of office space. This transition has been a long time coming, as the image below shows.

 


Sources: Facebook is looking for a bigger office in Greater Boston
Boston Business Journal — July 18, 2017

... hunt for space in the city are looking for less than 25,000 square feet, according to Colliers International’s second-quarter market overview.. .In its most-recent annual report, Facebook said it owns ...

 


Cambridge Is Now Ruled by Labs
Bisnow — July 17, 2017

...Courtesy of Colliers International. .Graph showing the sustained growth of lab space since 2000 in the Cambridge ...

 


Phelan and Boyle of Colliers Boston Arrange $31 Million Financing for Rhode Island Parking Asset
Citybizlist : Boston : Commercial Real Estate — July 16, 2017

...Colliers International’s Boston Capital Markets group announced today that it has arranged a refinancing for 1960 Post Road, ...

 


Colliers International places $85 million financing for Atlantic Management
New England Real Estate Journal — July 14, 2017

... Colliers International places $85 million financing for Atlantic Management......

 

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