Real Estate Articles of Note
June 29 – July 7, 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.
The Employment Situation - June 2017
U.S. Bureau of Labor Statistics — July 07, 2017
Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, social assistance, financial activities, and mining.
Los Angeles firm buys a second Stuart Street parking garage in Boston
Boston Business Journal — July 06, 2017
Since October, Los Angeles-based CIM Group has dropped a combined $258 million to acquire two parking garages located on Stuart Street in Boston.
Locus Robotics' new Wilmington HQ has plenty of room for growth
Boston Business Journal — July 05, 2017
Locus Robotics was founded to fill a void left by Amazon's acquisition of North Reading-based Kiva Systems. Now CEO Rick Faulk says the startup is seeing early traction with major customers and is planning to increase its headcount significantly.
South Boston developer proposes boutique hotel near Broadway T station
Boston Business Journal — July 05, 2017
The proposal also comes at a time when hotel brands including Virgin Group Ltd. and Choice Hotels International have expressed a desire to expand in Boston.
Siemens Starts Construction on $300M Project in Walpole
GlobeSt.com — July 04, 2017
Siemens reports that the $300-million investment will create up to 700 new high-tech jobs over the next 10 years at the Walpole site.
Dorchester waterfront proposal revised
Boston Herald — July 03, 2017
Four new buildings with housing, a small hotel, restaurant and boathouse would be constructed on a waterfront section of Dorchester’s Port Norfolk peninsula under revised project plans submitted for Boston Planning & Development Agency review.South Boston-based City Point Capital wants to demolish the MarineMax Russo Boston buildings on Ericsson Street to build 150 condos, a 25-room hotel, a 4,000-square-foot restaurant, 185 parking spaces and a boat storage facility for 75 vessels.
First Faneuil Hall, now New York's Ashkenazy is buying another iconic Boston spot: South Station
Boston Business Journal — June 30, 2017
The firm behind Faneuil Hall's repositioning has struck an agreement to snap up one of the most iconic and highly trafficked buildings in Boston: South Station.
Amazon to join GE, Red Hat in Boston’s Fort Point
Boston Business Journal — June 29, 2017
Tech juggernaut Amazon.com is leasing 150,000 square feet in Boston’s white-hot Fort Point neighborhood.
Colliers In The News
Just released: Market Viewpoint Q2 2017
Colliers International Boston — June 29, 2017
In Boston, the tides may be turning in favor of Class A properties, while Amazon has leased space in the Seaport. Cambridge’s lab inventory is now larger than the office inventory for the first time ever. Out in the suburbs more than 500,000 SF of new product delivered this quarter.
Building Improvements at 55 Ferncroft Seal the Deal for Several Tenants
Citybizlist : Boston : Commercial Real Estate — July 03, 2017
...Colliers International ’s North team, comprised of executive vice president Greg Klemmer, senior vice president Tim ...
Boston Commercial Real Estate News CPExecutive
Commercial Property Executive — July 02, 2017
...Colliers International will be in charge of identifying and securing suitable retail and office tenants for DTX 399. The ...
Cronin and Sower of Colliers International handle $4.75 million sale of Bay View Independent Living Apartment Community
New England Real Estate Journal — June 30, 2017
... Cronin and Sower of Colliers International handle $4.75 million sale of Bay View Independent Living Apartment Community......
Robert M. Brierley of Colliers Boston Elected Chair of BOMA International
Boston Real Estate Times — June 30, 2017
...Robert Brierley, Managing Director and EVP for Colliers International Boston, was elected as Chair and CEO of BOMA International. BOMA International is a federation of 90 ...
Amazon Finds Permanent Site For Boston Expansion
Banker & Tradesman — June 30, 2017
... science market, and Amazon is a great example,” said Aaron Jodka, director of research at Colliers International Boston. “They looked to Boston and the heart of the Seaport which seems to be more of a fit for ...