Colliers International Boston's Week In Review

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Real Estate Articles of Note
May 4– May 10, 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.

 

 

GE selling Fort Point property for $252 million
The Boston Globe - Print Edition — May 09, 2019
The deal ensures that quasipublic agency MassDevelopment would recoup the $87 million in state funds that have already been sunk into the project.

 

Boston world’s fifth-best city for technology startups: Report
Curbed Boston — May 09, 2019
City third-best nationally, and scores particularly well in terms of brainpower

 

Wynn Resorts could push back Encore Boston Harbor opening, CEO says
Boston Business Journal — May 09, 2019
Wynn Resorts Ltd. could push back the planned June 23 opening of its Encore Boston Harbor casino in Everett to make sure the property is “flawless,” CEO Matthew Maddox said during the company’s first-quarter earnings call Thursday afternoon.

 

Boston Landlords Hungry For Local Restaurateurs — Once They Prove Themselves In Someone Else's Building
Bisnow - Boston — May 09, 2019
Boston retaurant owners say they're getting more interest from big developers, but they still have to prove themselves elsewhere before a lease is finalized.

 

Apartment Developer Buys Assembly Square Site For $34M
Banker & Tradesman — May 8, 2019
Apartment developer Wood Partners is expanding its Greater Boston portfolio with the acquisition of a Somerville development site which is approved for a 329-unit apartment complex, including 20 percent income-restricted units.

 

Major Atlanta Bank Planning Wealth Office in Boston
Banker & Tradesman — May 08, 2019
Atlanta-based SunTrust Banks, which was acquired earlier this year by North Carolina-based BB&T in one of the biggest bank deals in more than a decade, is planning to open a wealth management office in Boston.

 

Deutsche Bank Poised to Buy Medford’s Meadow Glen Shopping Center
Banker & Tradesman — May 08, 2019
A 1970s-era shopping mall that was redeveloped to attract Massachusetts’ fifth Wegmans supermarket is set to be acquired this week.

 

Planet Fitness Plans Huge Expansion, Targeting Sites Left When Other Retailers Go Under
Bisnow — May 08, 2019
Planet Fitness is continuing to grow by occupying the shells of former retailers.

 

Canadian Investor Sees ‘Outstanding’ Potential in Seaport Acquisitions
Banker & Tradesman — May 07, 2019
One of Boston’s biggest office tower landlords is partnering with a mainstay of the Seaport District’s marine industrial park on long-term real estate opportunities.

 

Developers Show Interest In Hospitals, But Profits Are Years — And Many Headaches — Away
Bisnow - Boston — May 07, 2019
Financially vulnerable New England colleges have sold parts of their campuses to developers in recent years to generate revenue. Analysts think regional hospitals could follow that trend, but with a more nuanced process.

 

MBTA 'Not Able to Execute' Big Upgrade Spending Boost
Banker & Tradesman — May 07, 2019
At a time when frustrated riders are calling for immediate investment to make public transit more reliable, the MBTA's general manager wants to more gradually spread out capital spending to give the T more time to hire the people needed to oversee the work.

 

Northeastern proposes second science and engineering complex
Boston Business Journal — May 07, 2019
Northeastern University is planning a 350,000-square-foot interdisciplinary science and engineering complex, its second such facility, on a 3.5-acre surface parking lot at 795 Columbus Avenue.

 

 

COLLIERS IN THE NEWS

 

Boston’s Rob Nahigian and Robert Cleary Receive James Felt Award from The Counselors of Real Estate
Boston RE Times — May 03, 2019
Robert Cleary, Jr., CRE, senior vice president of Colliers International in Boston, and Rob Nahigian, CRE, principal of Auburndale Realty Company in Newton, MA, have earned the James Felt Creative Counseling Award from The Counselors of Real Estate®.

 

CIT Group and Square Mile Capital Management provide $63.9m construction financing for the development of The Caldwell
nerej.com — May 10, 2019
The financing was provided to a joint venture between affiliates of The Carlyle Group, a global investment firm, and The Procopio Companies, an experienced, local developer. The financing was arranged by Jeff Black of Colliers International’s Boston office.

 

Where Office Is Thriving | GlobeSt
GlobeSt — May 10, 2019
There are several trends, many long-standing ones, that are currently shaping office markets.

 

 

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