Colliers International Boston's Week In Review


Real Estate Articles of Note
June 23 – June 29, 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.


Amazon to buy Somerville online pharmacy startup PillPack
The Boston Globe — June 28, 2018
For years, drugstore chains have held their breath as rumors circulated about Amazon’s interest in capturing some of the 4 billion prescriptions filled for Americans each year. On Thursday, the retail giant made its move, saying it would buy PillPack, a Somerville startup that delivers medications by mail.


Amid housing crunch, Bostonians seeking affordable apartments face delays, bureaucracy
The Boston Globe — June 27, 2018
Despite Boston’s massive housing crunch and rents that are some of the nation’s highest, hundreds of new affordable housing units may be sitting empty as city officials work to find tenants.


Here’s what the new Harvard Square Theater building might look like
The Boston Globe — June 27, 2018
The developer who hopes to revive the Harvard Square Theater in Cambridge has shared new plans for the project as his company begins the process of seeking city approvals.


Boston Children's Hospital ranked top pediatric hospital for fifth year
Boston Business Journal — June 26, 2018
Boston Children’s Hospital has been named the top pediatric hospital in the nation for the fifth year in a row by U.S. News & World Report, with all 10 specialties receiving high ranks compared to peer institutions.


General Electric to shrink again with cuts
The Boston Globe — June 26, 2018
Chief executive John Flannery unveiled a dramatic reshaping of the Boston-based company Tuesday, announcing GE will divest its multibillion-dollar health care and oil and gas businesses, and concentrate on just three main industries.


Despite possible lawsuits, Don Chiofaro is pushing ahead with harborfront skyscraper
The Boston Globe — June 26, 2018
With state approvals behind it — and despite likely lawsuits to come — The Chiofaro Co. is pushing ahead with planning for a long-debated 600-foot-high building at the edge of Boston Harbor.


Cambridge's Rubius Therapeutics plans $200M IPO, a potential Mass. record
Boston Business Journal — June 25, 2018
Cambridge-based Rubius Therapeutics has filed to raise up to $200 million in what would be the largest IPO for a Massachusetts biotech in history.


Battered storefronts undermine progress at Dudley Square
The Boston Globe — June 25, 2018
Directly across from Boston’s new Bolling Municipal Building is an ugly rebuttal to the years of hard work and the $100 million-plus that activists and city officials have poured into Dudley Square: a grim row of vacant stores.


Driverless cars might make Boston traffic worse
The Boston Globe — June 27, 2018
Just a week after Boston officials allowed driverless car testing to expand citywide, a new study has found that widespread adoption of the nascent technology would make urban traffic congestion worse, not better.


Cambridge Crossing Doubles Down on Development
Banker & Tradesman — June 25, 2018
After attracting Philips North America as anchor tenant for its 250 North St. office building at Cambridge Crossing, developer DivcoWest is beginning construction of a 500,000-square-foot office-lab building to meet the strong demand for commercial space in East Cambridge.



Colliers In The News



Are Rent Prices Too High? Try Taking the Long View
Colliers in Focus — June 29, 2018
If you’re a tenant in today’s downtown market, it might seem that rent prices are higher than they have any right to be. But has rent growth this cycle truly outpaced inflation? In this week's Colliers in Focus piece, Boston Research Intern Mike Brown takes a look at the data, and what he finds might surprise you.


Bloomberg Baystate Business: Boston is Biotech
Bloomberg — June 27, 2018
Boston Director of Research Aaron Jodka joined the radio staff at Bloomberg on Wednesday to discuss the Boston real estate market. Their discussion begins at 17:08.


Gillette sells ‘prime’ South Boston land for development
Boston Business Journal — June 25, 2018
Anchor Line’s newly purchased properties include a 30,000-square-foot building located at 18-22 W. Third St. and a 0.26-acre parking lot located on Bolton St., both of which were formerly owned by Gillette. That property had been listed for sale by Colliers International beginning in November.




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