Real Estate Articles of Note
May 18 – May 24, 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.
Boston area housing market in full spring bloom
Boston Globe — May 22, 2019
The region’s housing market appears to be warming up with the weather.
Medford shopping center Meadow Glen sells for $85.7M
Boston Business Journal — May 17, 2019
New England Development has sold Meadow Glen, a Wegman’s-anchored shopping center in Medford, to an affiliate of German asset management company DWS for $85.7 million, according to a Middlesex County deed.
Dressbarn Closing 24 Massachusetts Stores as Company Folds
Banker & Tradesman — May 23, 2019
Major women's fashion retailer Dressbarn, founded in Connecticut more than 50 years ago, is closing.
BGI kicks off development review of $450M Seaport tower
Boston Business Journal — May 23, 2019
The Massachusetts Port Authority owns the 1.1-acre site, and last year tapped BGI to develop the property. BGI’s letter of intent to the Boston Planning and Development Agency kicks off the city’s formal development review process.
After Wynn-MGM talks, Encore Boston Harbor team prepares for June 23 opening
Boston Business Journal — May 22, 2019
The president of Wynn Resorts’ Encore Boston Harbor casino says the $2.6 billion gaming resort will open as scheduled in Everett on June 23 at 10:00 a.m.
It’s Amazon vs. Braintree in suit over delivery signage
The Boston Globe - Print Edition — May 19, 2019
The lawsuit could have broad implications for a booming business: getting stuff to your front door fast.
MIT-owned lab buildings change hands for reported $1.1 billion
The Boston Globe - Print Edition — May 17, 2019
The complex, known as the Osborn Triangle, is home to Novartis, Pfizer, and Lab Central.
COLLIERS IN THE NEWS
24-Acre Analog Property Sold for $28M
Banker & Tradesman — May 20, 2019
The 24-acre former Analog Devices headquarters in Norwood has sold for $28 million as the computer chip manufacturer prepares to relocate to Wilmington. Colliers International Vice Chair James Elcock advised the seller, Everett Street Trust.
Chinese Tariffs Aren't Expected To Take Bite Out Of Boston Building Boom
Bisnow — May 23, 2019
"Any potential impediment to the availability of the raw materials to build buildings is a challenge for our market today. Tariffs add to the challenge," Colliers Managing Director of Client Services Aaron Jodka said. "That said, it’s still early. The deals still make sense to justify construction."