Colliers International Bostons Week In Review


Real Estate Articles of Note
May 22 – May 26, 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.


From horse track to a hub of housing for Suffolk Downs
Boston Globe — May 26, 2017

The quiet stables, little-used track, and empty parking lots at Suffolk Downs are slated to become a huge hub of housing, shopping, and park space as new owners close out eight decades of horse racing.


King Street Properties Begins Spec Lab Project
Banker & Tradesman — May 25, 2017

Cambridge-based King Street Properties has broken ground on a 144,910-square-foot speculative lab and office building.


New upscale hotel brand Cambria is looking to check in to Boston area
Boston Business Journal — May 25, 2017

Choice Hotels International has committed up to $500 million to expand its upscale Cambria brand, and the hospitality holding company is targeting Greater Boston for up to 10 hotels.


More housing proposed near Boston Landing development in Allston
Boston Business Journal — May 25, 2017

If approved, the 40 Rugg Road proposal would mark the third major residential development along the Allston-Brighton line immediately off the Massachusetts Turnpike.


Plans to redevelop Widett Circle could collide with need to park trains
Boston Globe — May 24, 2017

Food wholesalers with an ambitious vision for what could be Boston’s next hot neighborhood may be on a collision course with state transportation officials, who are eyeing their land as a crucial parking spot for trains near South Station.


Bain Capital raises $720 million for life-sciences fund
Boston Globe — May 23, 2017

Bain Capital has raised $720 million for its first-ever life-sciences fund, which aims to invest in drug developers and other companies involved in seeking cures for serious diseases.


Here's where Berkshire Bank wants to land in Boston, who it wants to hire and more
Boston Business Journal — May 23, 2017

The bank is set to move its headquarters to Boston later this year, though it does not have an exact location picked out yet. The $209 million purchase of Worcester-based Commerce Bank, announced Monday, “sped up the process" of moving from Pittsfield to Boston, an executive said."


Wal-Mart-owned planning to double HQ size with move to Charlestown
Boston Business Journal — May 23, 2017

Boston-based was among the first companies in the U.S. to sell shoes online. Now, the newly renamed wants to continue innovating — and will do so in a brand-new Charlestown headquarters.


Davis Cos. proposes 13-story housing complex in Boston’s South End
Boston Business Journal — May 23, 2017

The project site is a block away from National Development’s Ink Block mixed-use residential development, where a 76-unit condo building is now under construction.


Kendall Square reached inflection point, passing from tech to biotech center
Boston Globe — October 03, 2014

The three-story brick building at the corner of Main and Osborn streets in Cambridge, on the edge of Kendall Square and the MIT campus, captures three distinct eras in the city’s innovation history. In the early 1800s, it was the site of Kimball & Davenport, the first builder of passenger railroad cars in America.


High hopes raised for Government Center project
Boston Globe — October 02, 2014

If architect Cesar Pelli has his way, Government Center’s brutish concrete buildings will be getting a fashionable new neighbor.




Colliers In The News


Boston Industrial Viewpoint Q1 2017
Colliers International — May 26, 2017

"High tech manufacturing remains a key driver of the market. Metro Boston’s highly educated workforce is encouraging this type of manufacturing to grow, while many parts of the country continue to bleed manufacturing operations."


Developers Follow Transit To Dorchester
Banker & Tradesman — May 21, 2017

... “It seems like there’s support for higher density along this corridor, and this type of development is exactly what the city is looking for in its housing plan,” said Christopher Sower, a senior vice president at Colliers. ...


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