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Real Estate Articles of Note
June 24 – June 29, 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.

 


Staples agrees to $6.9 billion buyout
The Boston Globe — June 28, 2017

Staples Inc. has agreed to be acquired by the investment firm Sycamore Partners for about $6.9 billion, the latest attempt by the Framingham-based retailer to end its downward spiral of shrinking sales, store closings, and layoffs.

 


Bonobos, Filson, and Mr. Sid to open in Seaport
The Boston Globe — June 28, 2017

The Seaport has welcomed plenty of luxury residences recently — and, of course, these people need something to wear. WS Development has announced that a trio of fashion tenants will take up residence at their One Seaport retail building in the coming months: Bonobos, Filson, and Mr. Sid.

 


Massachusetts’ minor miracle: We’re still rich and thriving, despite the last crash
The Boston Globe — June 28, 2017

Massachusetts is doubly blessed: Not only are we one of the richest states in the union, but we’re also among the most economically resilient, having bounced back quickly from the recession of 2007-2009.

 


Is this the last chance to create open space in booming Seaport?
The Boston Globe — June 27, 2017

The plan for the last big chunk of developable land in the Seaport needs more work, especially when it comes to public space. City officials responded late Friday to WS Development’s plan...

 


Newton's Government Properties Income Trust to buy First Potomac Realty Trust for $1.4B
Boston Business Journal — June 28, 2017

Newton-based Government Properties Income Trust is buying the Bethesda, Maryland-based real estate investment trust for in a $1.4 billion deal announced Wednesday.

 


Galvin, city of Boston get in heightening debate over proposed Winthrop Square Garage skyscraper's shade
Boston Business Journal — June 28, 2017

The debate over amending state shadow laws to allow for a skyscraper at the Winthrop Square Garage site in downtown Boston was thrown yet another curveball on Tuesday — this time by Massachusetts Secretary of the Commonwealth William Galvin.

 


Take a tour of Red Hat’s new Boston office, complete with a hidden speakeasy
Boston Business Journal — June 28, 2017

Raleigh, North Carolina-based open source data giant Red Hat Inc. (NYSE: RHT) this month moved employees into a 40,000-square-foot office in Boston’s Fort Point neighborhood. Take a tour through the space.

 


VMware moving from Cambridge to Boston’s Downtown Crossing
Boston Business Journal — June 27, 2017

VMware, a former EMC Corp. unit that’s now a Dell Technologies subsidiary, will move 200 people to Boston this fall.

 


Trinity Financial Wins Worcester, MA Courthouse Project
GlobeSt.com — June 27, 2017

Proposed plans for the vacant county courthouse include approximately 125 new units of residential housing and ancillary amenity space with half of the

 


Housing proposal gets mixed reaction in Wellesley
The Boston Globe - Print Edition — June 27, 2017

The six-story development would add nearly 100 new rental units across from a commuter rail station.

 


Barnes & Noble Building Sale Will Bring Much Needed Repositioning
GlobeSt.com — June 26, 2017

The property now branded as “DTX399” totals approximately 77000 square feet and was the former home of a Barnes & Noble store that closed more than a

 


Huntington Ave. tower and theater plans are revealed
The Boston Globe - Print Edition — June 25, 2017

Developers QMG Huntington LLC filed plans for a 32-story apartment building that would give the Huntington Theatre Company ownership of its playhouse and would include an airy two-floor lobby featuring a cafe, bar, and flexible event space.

 


Short-term corporate apartments adding to the strain on Boston’s housing market
The Boston Globe — June 24, 2017

The growing demand for short-term units is raising concern that every-day renters are getting crowded out.

 

 

 

Colliers In The News

 


Just released: Q2 Market Viewpoint
Colliers — 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.

 


Colliers’ Project Management Group and Wise Construction Celebrate Completion of The Engine in Central Square
BostonSF — June 28, 2017

... in this innovative project build-out,” said Mark Rosenshein, senior vice president at Colliers International Boston. “Its opportune location in Central Square allows The Engine to tap into a richly innovative ...

 


Colliers Southwest Team Notes Significant Activity in User-buyer/User-seller Market
Citybizlist Boston — June 26, 2017

... pendulum continuing to sway in the conversation of “own” vs. “lease”, in recent months the Colliers International Southwest . . .. .Colliers International’s Capital Markets group announced today that it ...

 


Natixis Provides $35M Financing for Retail Center Acquisition
Commercial Property Executive — June 25, 2017

... leasing. The financing was secured by Jeff Black, executive vice president with Colliers International’s Boston office.. .An established shopping center. .The suburban Chicago retail center is ...

 


New Chapter In Life Of Former Barnes & Noble Building
Banker & Tradesman — June 23, 2017

... Crossing plan to begin renovations of the 77,000-square-foot structure and has hired Colliers International as leasing agent to fill six floors of office and retail space.. .L3 Capital and LaSalle ...

 

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