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Real Estate Articles of Note
March 20 – March 24, 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.

 


The Ticker
Boston Herald — March 23, 2017

Beacon to buy 5.6-acre parcel in DorchesterBeacon Capital Partners has purchased a 5.6-acre property on William T. Morrissey Boulevard that includes one of Santander Bank’s three Boston-based corporate offices and a retail branch.Beacon paid $72.72 million for 2 Morrissey Blvd., according to a deed filed with the Suffolk Registry of Deeds. The seller was an affiliate of Archon Corp. in Las Vegas.

 


Wynn reduces luxury retail space at Everett casino
The Boston Globe - Print Edition — March 22, 2017

When gambling mogul Steve Wynn pitched his idea for an Everett casino three years ago, the Wynn Resorts CEO told gaming regulators that a

 


EF Education First given one of Massachusetts program’s largest tax breaks
Boston Business Journal — March 22, 2017

The Swiss company has plans to construct a third building in Cambridge for its North American headquarters.

 


Burlington thriving as boom town - The Boston Globe
The Boston Globe - Print Edition — March 22, 2017

Vacant Building 19½ site, slated to become 48,000 square feet of retail space and 29 residential units, is the latest development.

 


Synergy Investments to buy Boston's Center Plaza complex from Shorenstein Properties for around $360M
Boston Business Journal — March 21, 2017

Boston-based Synergy Investments is poised to make its biggest deal yet: an approximately $360 million acquisition of the sprawling Center Plaza complex at Boston's Government Center.

 


Cambridge-based Fuze to sublease space at Wayfair's Boston headquarters in Copley Place
Boston Business Journal — March 21, 2017

Online home furnishings retailer Wayfair has expanded rapidly in Boston's Back Bay. Cambridge-based Fuze, meanwhile, is coming off two monster rounds of funding in the past year.

 


Goodwin Procter’s Seaport home sells for $447M
Boston Business Journal — March 21, 2017

Goodwin Procter, the second-largest law firm in Boston, is located in 375,000 square feet at 100 Northern Ave.

 


More apartments planned for Roxbury
Boston Herald — March 20, 2017

Developers of a proposed six-story, 23-apartment building in lower Roxbury say the project would help further transform a once sparsely populated and high-crime area into a vibrant mixed-income neighborhood.Urban Core Development and Boston Real Estate Collaborative’s estimated $8 million to $8.5 million 1 Newcomb Place project is targeted for a vacant lot off Washington Street and the gateway connecting the South End to Roxbury’s Dudley Square, which is undergoing a rejuvenation. It would include 20 market-rate and three affordable units.

 

 

 

Colliers In The News

 


NASDAQ’S Run Could Drive Further Class B Rent Gains
Colliers International — March 24, 2017

Boston in recent years has been a market driven by the tech industry. The talent pool in and around Boston has attracted many tech firms, start-ups, and venture capital groups and has had a large impact on the state of the real estate market. These new tech-driven firms have helped push vacancy down and rents up, supporting strong growth quarter after quarter.

 


Language Academy Renews Lease in Bayview Business Center
CoStar News - Boston — March 21, 2017

...David Goodhue and Steve Woelfel of Colliers International represented the tenant. The John J. Flatley Co. owns the property.. .GET IN TOUCH Contact ...

 


ABC Supply Company Finds New Home
New England Real Estate Journal — March 21, 2017

... the landlord, Hercules Realty, while ABC Supply Company was represented by Austin Smith of Colliers International.. .“The building’s clear height and other infrastructure features combined with a prime ...

 


The Bloomberg Baystate Business Hour
Bloomberg — March 17, 2017

Bloomberg Boston Bureau Chief Tom Moroney and Radio News Anchor Anne Mostue are joined by top names from local business and finance to medicine and politics, along with Bloomberg reporters covering the latest stories in and around Boston. This week: Attorney General Maura Healey was on Bloomberg TV talking about President Trump’s travel ban and business, Tony Benoit, president of Ben Franklin Institute of Technology, on affordable, urban STEM education, Bloomberg News reporter Matt Townsend on Staples’ coworking spaces in its stores, and Aaron Jodka, director of research at Colliers International, on commercial real estate trends in Boston and Cambridge.

 

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