Colliers International Boston's Week In Review

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Real Estate Articles of Note
June 8 – June 14, 2019

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.

 

Here’s what you need to know about Boston-area development this week
Curbed Boston — June 14, 2019
Our new Critical Mass. weekly roundup includes Encore Boston Harbor’s opening, One Congress’ groundbreaking, and a kerfuffle in the Leather District.

 

Amazon-Leased Warehouse Sold for $33.6M
Banker & Tradesman — June 14, 2019
A 327,237-square-foot suburban warehouse leased to Amazon and two other distribution tenants has been acquired by Boston-based Cabot Properties for $33.6 million.

 

Northland Sells Westborough Apartment Complex for $130M
Banker & Tradesman — June 13, 2019
A San Francisco multifamily real estate investor has made its first acquisition in Greater Boston, paying $130 million for a 562-unit apartment complex in Westborough.

 

Brighton’s 1515 Commonwealth Avenue could host 17-story residential building
Curbed Boston — June 13, 2019
The project at an old hospital site would contain both condos and apartments—and a lot of green space.

 

One Dalton Commercial Condo Sold For $268M
Banker & Tradesman — June 12, 2019
The hotel condominium component of the newly-completed Four Seasons Hotel & Private Residences at One Dalton in Boston’s Back Bay has sold for $268 million.

 

Nonprofit could reap big profit in sale of its Back Bay building
The Boston Globe - Print Edition — June 12, 2019
Apartment residents in the YW Boston building — the former YWCA — will stay, and no immediate changes are expected for other tenants.

 

Northeastern to Build an Eight-Story, 350,000-SF Research Center on Columbus Avenue
Boston Real Estate Times — June 12, 2019
Northeastern plans to construct an eight-story, 350,000-square-foot research center on Columbus Avenue. This preliminary rendering shows a facility that will include state-of-the-art labs, dedicated space to support the university’s innovative work in autonomous vehicles, drones, and humanoid robots, and a makerspace to promote collaboration between students across disciplines.

 

Harvard taps Berkeley to redevelop Allston's long-vacant Boston Tech Center
Boston Business Journal — June 11, 2019
For nearly two decades, amid an historically large building boom and an historically tight commercial real estate market, one white elephant has sat on the Massachusetts Turnpike.

 

Chinatown-Leather District tower from Hudson Yards co-developer would rise 340 feet
Curbed Boston — June 10, 2019
Oxford Properties Group is advancing plans for an office tower with public space at 125 Lincoln Street.

 

Raytheon, United Technologies agree to blockbuster defense deal
The Boston Globe - Print Edition — June 09, 2019
United Technologies agreed to buy Raytheon in an all stock deal, forming an aerospace and defense giant with $74 billion in sales through one of the industry’s biggest deals ever.

 

EXCLUSIVE: WeWork Leases At Midwood's Refurbished One Milk Street
Bisnow — June 9, 2019
WeWork is continuing its Boston expansion by taking the entire office component at a renovated historic building in the heart of Downtown Crossing.

 

The Gutierrez Co. to convert 4 Burlington Woods into new LEED-Certified speculative lab building
nerej.com — June 7, 2019
The Gutierrez Company has formed a joint venture partnership with a national institutional investor to develop the Burlington BioCenter at 4 Burlington Woods. The conversion to a new, 109,500 s/f lab-ready facility designed and permitted for lab use is scheduled to be completed by the end of 2019.

 

Work Begins On South End Spec Office Tower
Banker & Tradesman — June 7, 2019
Developers have begun a speculative 235,000-square-foot office building to tap into demand for class A space in Boston’s South End.

 

COLLIERS IN THE NEWS

 

Mass Bay Credit Union brings South Boston redevelopment opportunity online
Boston Real Estate Times — June 13, 2019
Colliers International announced that its client, Mass Bay Credit Union, is exploring potential redevelopment opportunities of its 1.05-acre South Boston branch and Headquarters site at 147 W. Fourth Street.

 

FogPharma Leases 114,940 SF at Bulfinch-Owned Cambridge Discovery Park
Boston Real Estate Times — June 13, 2019
The Bulfinch Companies announced that it has signed a 114,490 SF lease with FogPharma in building 400 at Cambridge Discovery Park, known as CDP.

 

Credit Union Offers Southie 1-Acre Property for Redevelopment
Banker & Tradesman — June 13, 2019
Mass Bay Credit Union has put its headquarters property in South Boston on the market, seeking to capitalize on the A Street corridor’s growing development potential.

 

Mass Bay Credit Union puts South Boston HQ on the market
Boston Business Journal — June 13, 2019
Mass Bay Credit Union is putting its South Boston headquarters on the market — with the condition that any sale and redevelopment include the credit union staying on the site.

 

Daily Entrepreneur Radio Talk: Aaron Jodka
Radio Entrepreneurs — June 12, 2019
Recently promoted to his new strategic new role, Aaron will oversee all aspects Collliers International’s Client Service offerings including Research, Marketing, Graphics, Financial Analysis, and Lease Administration.

 

FogPharma grows fivefold at Bulfinch's Cambridge Discovery Park
Boston Business Journal — June 12, 2019
Greg Verdine-founded drug discovery company FogPharma is growing its footprint more than fivefold with a 115,000-square-foot lease at The Bulfinch Cos.’ Cambridge Discovery Park.

 

Cambridge Discovery Park Building 400-500 Will be New Headquarters for FogPharma and LifeMine Therapeutics
BioSpace — June 12, 2019
The Bulfinch Companies, Inc. (Bulfinch), a private, real estate investment, development and management firm, today announced it has signed a 114,490 SF lease with FogPharma in building 400 at Cambridge Discovery Park (CDP).

 

Worcester biotech incubator aims to match scientists with savvy co-founders
Telegram.com - Worcester — June 9, 2019
One of the tiniest economic development organizations in the region is thinking big about the future of life sciences in Central Massachusetts.

 

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