Colliers International Boston's Week In Review

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Real Estate Articles of Note
March 9 – March 15, 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.

 

 

Office tower OK’d for Hood Milk plant site in Charlestown
BostonGlobe.com — March 15, 2019
It’s a major step toward redevelopment of the large tract between Rutherford Ave. and Route 93.

 

Lender Buys Commercial Parcels at Union Point
Banker & Tradesman — March 15, 2019
A lender that provided a mortgage for 220 acres of development sites at Union Point took possession from master developer LStar Ventures on Wednesday, submitting the high bid of $18 million at a public auction.

 

Boston Breaks Ground on 349-Unit Expansion of JP Housing Project
Banker & Tradesman — March 14, 2019
Dignitaries gathered Wednesday to celebrate the start of renovations to Boston's Armory Street Apartments in Jamaica Plain and the groundbreaking for a 349-unit housing development being built on adjacent city land.

 

234-Unit Affordable Buildings in Orange Get $11.6M MassHousing Financing for Renovations
Banker & Tradesman — March 14, 2019
MassHousing has provided a total of $11.6 million in affordable housing financing to the nonprofit Retirement Housing Foundation for the renovation and preservation of two adjacent affordable housing communities in Orange.

 

WeWork Is Launching a Co-Working Space for Food Startups
Eater National — March 14, 2019
WeWork Food Labs will also give $1 million in seed funding to companies as a part of a new accelerator program

 

Taj Hotel to Get New Entrance, Expanded Rooftop Restaurant
Banker & Tradesman — March 14, 2019
Boston's famed Taj Hotel, originally the Ritz-Carlton, is getting a renovation that will expand its rooftop restaurant and move the entrance to Newbury Street.

 

In rare rebuke, commission disapproves Dock Square Garage design
Boston Business Journal — March 13, 2019
The architectural review commission serves in an advisory capacity and is a critical voice in the city’s development review process

 

Brighton’s Boston Landing adding performance venue via Bowery Presents
Curbed Boston — March 13, 2019
Concert promoter planning 3,500-capacity space at massive mixed-use development

 

T board approves 6 percent fare hike
The Boston Globe - Print Edition — March 11, 2019
After weeks of public debate, the Massachusetts Bay Transportation Authority’s governing board on Monday voted to increase fares by about 6 percent, while freezing rates for bus riders, seniors, and riders with disabilities.

 

Readville developments spark debate in Hyde Park enclave
Curbed Boston — March 11, 2019
Some fear displacement in one of Boston’s more affordable neighborhoods, while others see an epic itch for housing scratched

 

Tesla will raise prices on its cars, reverses plan to close stores
The Verge — March 11, 2019
Tesla has reversed its move to close stores, the company announced in a blog post. To keep those stores open, the company says it will raise the prices of Tesla vehicles by 3 percent worldwide on March 18th, except for the $35,000 Model 3, which will remain the same price

 

Boston median asking price up 44 percent in the past five years: Report
Curbed Boston — March 08, 2019
Still, such a rise is mild compared with the likes of Seattle and San Francisco

 

 

COLLIERS IN THE NEWS

 

Colliers International completes $19.675 million building sale to Premier Capital Partners
nerej.com — March 15, 2019
Colliers International’s Multi-Family Advisory Group completed the sale of the newly renovated 29-35 Temple Place in the city’s Downtown Crossing neighborhood.

 

Greater Boston Commercial Market Remains Robust
rebusinessonline.com — March 13, 2019
While other U.S. cities have demonstrated volatile economic markets, Boston has sustained a strong, healthy economy for more than 40 years.

 

Retrofitting Suburbia
Banker & Tradesman — March 10, 2019
Town Sends Development-Friendly Message, But Is It Enough?

 

BOSTON'S LEADERS WANT TO BUILD BIG IN WIDETT CIRCLE, THEY JUST DON'T KNOW WHAT YET
Bisnow - Boston — March 10, 2019
As Boston developers race to build on any land they can get their hands on, Widett Circle remains the biggest question mark.

 

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