Colliers International Boston's Week In Review


Real Estate Articles of Note
May 25 – June 1, 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.


Hancock looks to hire hundreds of tech workers in coming years
Boston Business Journal — May 31, 2018
The Boston-based company is embarking on a major tech overhaul. It recently tapped the information technology consultant Infosys to whittle down the insurer’s 18 policy administration systems to a single, integrated platform.


After years of reconstruction, Longfellow Bridge reopened 5 a.m. Thursday
Boston Globe — May 31, 2018
The bridge has been mostly shut down since 2013, limiting traffic to just one lane inbound to Boston, while barring cars headed outbound to Cambridge. MBTA Red Line trains that cross the Charles River on the bridge were replaced by shuttle buses on numerous weekends over the years.


Langham plans renovation to become the ‘best luxury hotel in Boston’
Boston Business Journal — May 31, 2018
The luxury Langham hotel in Boston’s Financial District — a historic property that once served as home to the Federal Reserve Bank — will undergo a multi-million dollar renovation beginning next year.


Beacon Hill moves to raise $50 million in fees on rental cars, real estate transactions
Boston Globe — May 31, 2018
Massachusetts lawmakers are moving to impose as much as $50 million in new annual fees, considering a surcharge on car rentals as well as some transactions involving mortgages and deeds.


MassChallenge calls for fintech startups to join its new accelerator
Boston Business Journal — May 30, 2018
MassChallenge, which announced its 2018 cohort of early-stage startups last week, on Tuesday revealed MassChallenge FinTech, a Boston-based accelerator for later-stage startups. The Boston Business Journal reported in March that the program was in the works.


New Yorkers are looking to flee the Big Apple — and move to Boston, study says
Boston Globe — May 31, 2018
More than a third of New Yorkers are looking for homes outside the city — and their leading potential destination is Boston, according to a study by Redfin.


Downtown Boston will get a new master plan for zoning
Boston Globe — June 01, 2018
The Boston Planning & Development Agency this week began the process of designing a master plan for the city’s commercial — and increasingly residential — core. The BPDA aims to spend about two years, and $600,000, crafting the new zoning rules.


Millennium Partners Expected To Miss Seaport Construction Deadline
Bisnow - Boston — May 31, 2018
Millennium Partners appears on track to miss a construction deadline that could hamper its plans to build a gondola-connected innovation campus in the Seaport.


Costs outweigh benefits of a giant wall in the Boston Harbor to prevent flooding, says UMass Boston study (Video)
Boston Business Journal — May 30, 2018
Costs outweigh benefits of a giant wall in the Boston Harbor to prevent flooding, says @UMassBoston study


Trademark Partners, Hood Park LLC propose 230-foot office and lab tower at Charlestown's Hood Park
Boston Business Journal — May 30, 2018
The height and size of the proposed tower would help Hood Park remain competitive with other large-scale mixed-use developments in Greater Boston, including Cambridge Crossing, Assembly Row, Bulfinch Crossing and US2 Somerville, according to a May 17 letter of intent.


How Long Can Hotel Boom Last?
Banker & Tradesman — May 25, 2018
More than 3,000 hotel rooms are under construction in the city of Boston, a sign of robust demand from the tourist crowd and business travelers alike.




Colliers In The News



Urban Office Development Outlook Remains Strong - Banker & Tradesman
Banker & Tradesman — May 30, 2018
... have reached the highest level in 15 years, said Bill Lynch, a senior vice president at Colliers International in Boston.. .At the same time, Cambridge’s pricey but tight office market has become a ...


Bloomberg Baystate Business: Beer, Hotels, Cruises
Bloomberg — May 29, 2018
Aaron Jodka joined Bloomberg Baystate Business to discuss the lack of large blocks of space in the market, hotel development, and much more. The conversation begins at 9:15



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