week-in-review-544x310

Real Estate Articles of Note
May 19 – May 25, 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.

 


Troubled bridge over Fort Point waters could be remade into icon of the city
The Boston Globe — May 25, 2018
The city estimates the total cost will be $80 million to $100 million, and it will seek a partner to foot the rest of the bill in exchange for commercial rights, such as operating a cafe or programming the space for public use.

 


Blueprint CEO traces biotech's rapid growth at opening of new HQ
Boston Business Journal — May 24, 2018
“We have a lot going on, and we’re going to need the space within these four walls to keep it moving along,” Blueprint CEO Jeff Albers told employees Wednesday evening during an open house event to celebrate the nearly 100,000 square-foot headquarters at 45 Sidney St.

 


Partners HealthCare, R.I. hospital system finalize merger deal
The Boston Globe — May 23, 2018
After more than a year of sometimes tenuous discussions, Partners HealthCare announced Wednesday that it had finalized a deal to acquire Rhode Island’s second-largest hospital system.

 


If regulators OK the deal, the state’s new health care giant will be called Beth Israel Lahey Health
The Boston Globe — May 23, 2018
After months of discussion and market research, the hospitals planning to merge and create a large new Massachusetts health system have settled on a company name: Beth Israel Lahey Health.

 


Necco is sold for $18.8 million at bankruptcy auction
The Boston Globe — May 23, 2018
Family-owned Spangler Candy Company of Ohio — which makes Dum Dums lollipops and the orange marshmallow Circus Peanuts — added Necco to its portfolio Wednesday with a winning bid of $18,830,000 during an auction for the Revere-based candy maker in US Bankruptcy Court in Boston.

 


Omni Boston Seaport Hotel officially breaks ground in the Seaport District
Curbed Boston — May 23, 2018
What will be the fourth-largest hotel in Boston is officially underway following a May 22 groundbreaking that drew VIPs such as Gov. Charlie Baker and Mayor Marty Walsh.

 


Garelick Farms tells workers Lynn plant is closing
The Daily Item — May 23, 2018
Garelick Farms, launched in 1928 as a one-truck operation then known as West Lynn Creamery, will shutter its milk, orange juice, and soft serve ice cream production operation this fall, according to two workers at the plant.

 


There’s no sign of a slowdown in Mass. home prices
The Boston Globe — May 23, 2018
Median single-family home prices statewide have climbed for 25 consecutive months, driven by the shortage of inventory, Warren Group chief executive Tim Warren said.

 


Environmental group objects to zoning that allows waterfront towers
The Boston Globe — May 22, 2018
An environmental group wants the state environmental secretary, Matt Beaton, to reconsider new zoning he recently approved for Boston’s downtown waterfront, raising the prospect of a lawsuit that could further delay long-planned towers along Boston Harbor.

 


Landlords And Coworking Players Dispute Who’s At Risk In Next Downturn
Bisnow — May 22, 2018
Nobody doubts the Boston office market’s continued strength, but debate gets heated over who is going to get hit the hardest when a market correction inevitably arrives.

 

 

 

 

Colliers In The News

 

 


Fenway Makes a Play for Corporate Office Space
Banker & Tradesman — May 20, 2018
Office rents in the 4.2-million-square-foot Fenway submarket have increased 77 percent since 2014, according to Colliers International Boston, with direct rents hitting $53.37 per square foot in the first quarter.

 

 

To subscribe to the Week In Review newsletter mailing list email WeekInReview@colliers.com