Real Estate Articles of Note
May 11 – May 18, 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.


Developer wins approval for its Winthrop Square tower
The Boston Globe — May 18, 2018
The Boston Planning & Development Agency board approved Millennium’s skyscraper Thursday night, more than two years after the agency and the Walsh Administration kicked off a competition to find a developer for the shuttered downtown garage.


Samuels proposes $350M mixed-use air-rights project over Mass. Pike
Boston Business Journal — May 17, 2018
Five years after getting approval from state transportation officials to develop on air-rights above the Massachusetts Turnpike, Boston-based real-estate development firm Samuels & Associates notified city planning officials that it intends to develop a $350 million project at the end of Boylston and Newbury streets.


BJ’s aims to stock up on cash, filing IPO plan with feds
Boston Business Journal — May 17, 2018
Westborough-based BJ’s Wholesale Club Holdings Inc. on Thursday notified federal regulators of its intent to file an initial public offering after being privately held for the past seven years.


Large companies, not just startups, embrace co-working spots
The Boston Globe — May 17, 2018
The coworking industry began as a haven for boot-strapped startups and solo entrepreneurs seeking community and flexible office space, but now it’s being embraced by large companies looking for the same things — from Liberty Mutual to General Electric to Amazon, which has hundreds of employees at the Back Bay WeWork.


Massport sees intense interest in Seaport property
The Boston Globe — May 17, 2018
Massport reported on Thursday that it received proposals from 12 developers for a 1.1-acre parcel the port authority owns on Congress Street next to the Silver Line’s World Trade Center station.


As BIO convention nears, House passes major life science bill
Boston Business Journal — May 16, 2018
The Massachusetts House on Wednesday nearly unanimously approved a bill to support the state's life sciences industry, legislation which hews closely to the $1 billion, ten-year initiative launched by Gov. Deval Patrick in 2007.


Layoffs hit Framingham corporate giants Staples, TJX, Genzyme
Boston Business Journal — May 15, 2018
Three of the largest employers in Framingham — drugmaker Sanofi Genzyme, retailer TJX Cos. Inc. and office-supply chain Staples Inc. — have collectively laid off nearly 600 workers so far this year.


A look inside Tufts' new biotech incubator in downtown Boston
Boston Business Journal — May 15, 2018
Tufts University has joined the biotech incubator craze, launching a coworking space in Boston earlier this year that organizers hope will foster another life sciences cluster in the heart of the city.


Take a tour inside Amazon’s newest Boston office
Boston Business Journal — May 15, 2018
Each floor of the office is themed with a different mode of transportation that an Amazon package takes, beginning with a fulfillment center on the first-floor lobby.


Sources Claim UBS Putting Exchange Place Up for Sale Via Newmark; Deal Could Bring $800M
The Real Reporter — May 14, 2018
A premier Financial District office tower literally at the corner of Main & Main is being put up for sale by UBS Investments, CRE sources are telling Real Reporter, with Newmark Knight Frank being hired as exclusive agent pitching the 40-story, blue-glass structure which some observers predict could approach $800 million.





Colliers In The News


Greenway-Adjacent Parcel Hits Market as Condo Development Site
Banker & Tradesman — May 17, 2018
Colliers International Boston is marketing the 5-story office building at 149-151 Pearl St. along with a six-unit apartment building at 24 Charter St. in the North End. The North End property is being marketed as a potential condo conversion.


Construction Firm Expands by 4,900 SF to Nearly 26,000 SF in Quincy
Boston Real Estate Times — May 14, 2018
Colliers International’s Southwest Team recently represented Dellbrook | JKS in a 4,900-square-foot expansion that will bring its total footprint to just shy of 26,000 square feet at One Adams Place (aka 859 Willard Street) in Quincy, MA.


No Longer the End of the Line: Green Line Extension Spurs Office Development
Banker & Tradesman — May 11, 2018
“Instead of being the end of the line, it’s being connected to future growth corridors through Somerville and Medford,” said Aaron Jodka, director of research for Colliers International in Boston. “Cambridge is the epicenter of life science research in the world and it could be a relief valve and an expansion of Kendall Square.”



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