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Real Estate Articles of Note
July 22 – July 28, 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.

 


Lights dim for cleantech funding under Trump’s budget
Boston Business Journal — July 28, 2017

America’s isolation on the issue of climate change was on full display earlier this month at the G20 summit in Hamburg, when German Chancellor Angela Merkel used her closing remarks to rebuke President Donald Trump’s decision to pull out of the Paris climate accord.

 


Fidelity wins court battle over $23M downtown office buy
Boston Business Journal — July 27, 2017

The lawsuit centered on a Cushman and Wakefield appraisal that the building's owner claimed was biased.

 


Venture-backed Freight Farms growing its Boston headquarters
Boston Business Journal — July 27, 2017

Freight Farms' planned move to the South End comes after the company closed a $7 million Series B funding round.

 


A North Station to Seaport ferry? Businesses asked to fund new service
Boston Business Journal — July 26, 2017

The Massachusetts Convention Center Authority has a plan in place for a ferry service that would bring commuters to and from Boston’s Seaport District each workday. Now, it just needs money from Seaport businesses to make it a reality.

 


iRobot is growing its Bedford headquarters
Boston Business Journal — July 26, 2017

Consumer robotics company iRobot Corp. moved its headquarters to Bedford from Burlington in 2008.

 


Google-backed Toast raises $101M, says it plans to hire 1,000 in 18 months
Boston Business Journal — July 25, 2017

Boston-based Toast Inc., a startup that makes point-of-sale software systems for restaurants, announced Tuesday it has raised $101 million as it plans to hire 1,000 people nationwide over the next year in a half.

 


Stanley Black & Decker drills down into new Seaport innovation center
Boston Business Journal — July 25, 2017

The Connecticut company's security business unit generated $2.1 billion in revenue last year, and the company hopes to further explore disruptive technologies at the new site.

 


Jamaica Plain apartment complex sold for $103 million
BostonGlobe.com — July 25, 2017

Nine stories you may have missed Tuesday from the world of business.

 


Eastie hotel eyes expansion
Boston Herald — July 25, 2017

The developer of the 178-room Hilton Garden Inn Boston Logan Airport on Route 1A in East Boston wants to add additional rooms to the all-suites business hotel, after unfruitful efforts to land tenants for two proposed restaurant/retail sites on the property.Fall River-based First Bristol Corp. is seeking Boston Planning & Development Agency approval for an additional 84 hotel rooms in place of a 4,035-square-foot retail/restaurant pad on the eastern edge of the property, according to a notice of project change filed with the agency for review.

 


Waltham 10-alarm blaze destroys apartment complex
Boston Herald — July 22, 2017

It could be days before a 10-alarm inferno that ravaged an apartment complex under construction off Elm Street in Waltham early this morning is sufficiently extinguished for investigators to begin combing through the destruction, fire officials said.All 264 units in five residential buildings on the banks of the Charles River, which were slated to begin accepting tenants later this year, were lost, Waltham Fire Chief Paul Ciccone said.

 


Pharma giant Astellas joins biotech stampede into Cambridge
Boston Business Journal — July 21, 2017

The Greater Boston market, and Cambridge in particular, has ranked as the top life sciences market in the world for years. Now there's another biotech company establishing a foothold in the city.

 

 

 

 

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.

 


Colliers facilitates $52.8 million sale of Brookwood Financial Partner’s Cherry Hill Drive industrial portfolio
Boston Real Estate Times — July 26, 2017

...BOSTON – Colliers International’s Investment Sales team, made up of executive vice presidents Scott Dragos and Doug Jacoby, vice ...

 

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