Real Estate Articles of Note
February 26 – March 2, 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 set to bring at least 2,000 more jobs to the Seaport
The Boston Globe — February 27, 2018
Amazon is poised to lease a massive new office in the Seaport District and hire at least 2,000 more employees in Boston over the next few years, Mayor Martin J. Walsh said Tuesday. If the deal closes as expected, it would nearly triple the e-commerce giant’s workforce in Boston and Cambridge, and make the company one of the region’s biggest private employers.
Here’s what the proposed gondola system for the Seaport would look like
The Boston Globe — March 01, 2018
The proposed gondola system on the South Boston Waterfront would include a hulking terminal across Summer Street near South Station, 13 large towers spanning the one-mile route to the marine industrial park, and about 70 cable cars that can fit 10 passengers each, running every 9 seconds.
In effort to save money, two small colleges move toward merger
The Boston Globe — February 25, 2018
The presidents of Mount Ida College and Lasell College said they hope that combining forces will help keep tuition as low as possible while maintaining the quality of both schools’ academics.
Enrollment counts steady for most of the Bay State's largest colleges
Boston Business Journal — March 02, 2018
The results of this year’s list of the Largest Colleges & Universities in Massachusetts can best be viewed as a study in stability. The top 25 remains entirely intact from last year’s list. And the majority of participating schools either reported modest increases in their Fall 2017 full-time equivalent student enrollment (FTE) counts or remained flat.
Towering proposals: Developing air-rights projects in Boston is not for the faint of heart
Boston Business Journal — February 23, 2018
Air-rights projects are notoriously drawn-out, complex affairs. Projects over the Mass. Pike and South Station, for example, have taken well over a decade to move forward.
Driving development: How self-driving cars of tomorrow are shaping today's projects
Boston Business Journal — March 01, 2018
At a recent architectural review board meeting at City Hall, the recurring theme seemed to be, “don’t worry, cars are leaving.” All the projects were explicitly preparing for a future that included either self-driving cars, automated vehicle parking or the possibility of converting existing parking garage space into another use.
Allston eyed for $125M makeover
Boston Herald — March 02, 2018
City Realty’s “Allston Square” project would see the construction of five new buildings near the Harvard Avenue intersection and renovation of Allston Hall on Braintree Street for a total of about 422,198 square feet.
Eastie church to be redone as residential
Boston Herald — February 27, 2018
Frankfort Gove LLC wants to turn the former Our Lady of Mount Carmel Church site on Gove and Frankfort streets into a two-building, 115-unit residential complex of studio to three-bedroom flats, lofts and duplexes. The site encompasses four parcels that also include a rectory, convent and parking lot.
Downtown Boston Hot For Investors, But Affordability Remains Elusive
Boston Real Estate News — February 27, 2018
Downtown is a hot office commodity for tech companies, but finding employees an affordable place to live in the neighborhood remains a challenge.
Colliers In The News
Colliers International Boston Expands its Multi-Family Investment Sales Team
Boston Real Estate Times — February 27, 2018
Building on the momentum of Greater Boston’s booming multi-family market, Bruce Lusa and John Flaherty have joined Colliers’ multi-family investment sales team. Lusa will serve as a vice president, and Flaherty as a broker associate.
Bloomberg Baystate Business: Amazon, TJX, and Yogurt
Bloomberg — March 02, 2018
Aaron Jodka, Research Director at Colliers International's Boston Office, joined the radio staff at Bloomberg to talk about Amazon's plans to lease a new office in the Seaport, including what it might mean for Boston’s Amazon HQ2 bid. Their conversation begins at 1:11.
Colliers International Facilitates 69,000-SF Hopkinton Sale
Boston Real Estate Times — February 27, 2018
Executive vice president John Carroll III, senior vice president Stephen Woelfel Jr. and assistant vice president Kevin Brawley represented seller, BCC Property I, LLC (a subsidiary of Midway Corporation), in the sale of a 69,009-square-foot building at 35 South Street, Hopkinton, MA. LakePharma, Inc., a US-based biologics company, purchased the building for $4.55 million.
How the West Was Won - 495 2.0
Colliers in Focus — March 02, 2018
From the late ’90s to mid-2000s, rents in the Boroughs were on average 43% lower than those in Boston. Today, it's nearly 70%. In the latest Colliers in Focus piece, Director of Research Aaron Jodka discusses this and other features of the 495 suburbs that may signal a critical opportunity for value-add investment.