Colliers International Bostons Week In Review


Real Estate Articles of Note
May 29 – June 2, 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.


In nine years, a Fort Point office building gains $55M in value
Boston Business Journal — June 02, 2017

Tower Point is a six-story former manufacturing warehouse located in between a parking lot and the Service Extension Road in Boston’s Fort Point neighborhood. In 2008, the building sold for $32 million. On May 30, it sold again for $86.85 million.


Why this new Seaport office building could be sliced in two
Boston Business Journal — May 31, 2017

“Our design for 88 Seaport slices the building into two volumes, creating distinct responses for each urban scale of old and new," says Shohei Shigematsu, the architect for 88 Seaport Blvd. in Boston."


Developers propose hundreds of hotel rooms in Boston's Kenmore Square
Boston Business Journal — May 31, 2017

The proposal comes at a time when development firm Related Beal is contemplating a large-scale mixed-use redevelopment of nine former Boston University buildings in Kenmore Square.


Aetna confirms it's looking to move HQ out of Connecticut
Boston Business Journal — May 31, 2017

Sources have told the Business Journal that Boston and New York are locked in competition to land a headquarters or substantial office presence of Aetna, one of the biggest health insurers in the United States.


RadioShack closes 1,000 stores; 7 to remain open in Massachusetts
Boston Herald — May 31, 2017

Electronics retailer RadioShack has closed more than 1,000 stores since Memorial Day weekend and becomes a virtual goner, saying it will only have 72 company-owned stores remaining by Thursday.The chain held a giant liquidation sale over the weekend "before we close the stores for good," it said in a statement. Also remaining are about 500 dealer-owned stores.


Here’s the first look at Roxbury’s $144M, 25-story Kenneth Guscott Tower
Boston Business Journal — May 31, 2017

The 286-foot tower would be the tallest structure in Roxbury.


Housing, hotel eyed for Dorchester’s Port Norfolk
Boston Business Journal — May 30, 2017

A long-planned 330,000-square-foot mixed-use development in Dorchester’s Port Norfolk area is moving forward.




Colliers In The News


Boston Industrial Viewpoint Q1 2017
Colliers International — May 26, 2017

"High tech manufacturing remains a key driver of the market. Metro Boston’s highly educated workforce is encouraging this type of manufacturing to grow, while many parts of the country continue to bleed manufacturing operations."


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