Colliers International Boston's Week In Review


Real Estate Articles of Note
April 29 – May 3, 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.



MassBio Establishes Western Mass. Hub
Banker & Tradesman — April 30, 2019
Massachusetts Biotechnology Council is establishing a new Western Massachusetts office as it seeks to spread the life science industry’s growth more evenly across the Bay State.


Fort Point Garage Eyed For 175K SF Life Science Development
Banker & Tradesman — April 30, 2019
The Necco Street parking garage in Boston’s Fort Point escaped redevelopment under two previous owners who flipped the property for big gains. The new landlord has different plans.


Developer Tests Burlington Market for Bio With Conversion
Banker & Tradesman — May 02, 2019
A Burlington-based developer is testing the market for life science expansion in its hometown with plans to convert a vacant speculative office building into a lab-ready facility.


Developer Reduces Suffolk Downs Building Heights
Banker & Tradesman — May 03, 2019
HYM Investment Group’s preferred alternative for redeveloping the 161-acre Suffolk Downs racetrack property calls for 10,000 housing units and 5.2 million square feet of commercial space, while reducing building heights near the Orient Heights section of East Boston.


Massachusetts Gaming Commission Imposes $35M Fine But Will Let Wynn Resorts Keep License For $2.6B Boston Casino
Bisnow — April 30, 2019
After more than a year of uncertainty amid an investigation into its founder’s alleged sexual misconduct, Wynn Resorts will be fined but ultimately hold onto the license for its 3M SF casino weeks away from opening just outside Boston.


Hasbro HQ Fight The Latest Chapter In Mass. vs. R.I. Business Rivalry
Bisnow — April 30, 2019
Competing for the maker of Mr. Potato Head and My Little Pony is fanning the flames of an interstate corporate fight between Massachusetts and Rhode Island.


Bulfinch Pushes Boston's Life Science Boundaries To Needham And Alewife
Bisnow — April 30, 2019
A Boston developer is banking on Kendall Square life science relief valves emerging to the west and north of the region's tightest office and lab market.


Bank of America renews lease at downtown Boston office tower
Boston Business Journal — May 01, 2019
Bank of America is staying in the tower often nicknamed the “Pregnant Building” in downtown Boston.


WeWork’s IPO plan is filed with regulators
Boston Business Journal — April 29, 2019
The company was valued at $47 billion in its last fundraising round, including the new money raised. That private valuation would be put to the test by the IPO process.





Baystate Business: Alphabet, Healthcare, Uber and Lyft (Radio)
Bloomberg — April 29, 2019
Aaron Jodka of Colliers stopped by with the latest in commercial real estate news in the Greater Boston area. Segment begins at 45:06.


Life Sciences, Tech Growth Continue to Drive Boston Development
UrbanLand — May 01, 2019
Driven by a steady stream of tech and life-sciences companies migrating into the Boston/Cambridge market in recent years, Greater Boston commercial real estate is b


Codiak Biosciences, Glympse Bio expand to Davis Cos.’s Alewife lab
Boston Business Journal — April 30, 2019
Two biotech companies are expanding from Kendall Square to West Cambridge’s Alewife Research Center, bringing the 223,000-square-foot laboratory developed by The Davis Cos. to full occupancy.



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