Real Estate Articles of Note
November 10 – November 16, 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.
Massport makes first Seaport office deal with ‘public realm’ requirement
The Boston Globe - Print Edition — November 16, 2018
The Massachusetts Port Authority is striking back to improve the look of what some critics have called “Houston-by-the-Sea.” The first concrete example: the Massport board’s approval on Thursday of a quirky 600,000-square-foot office building on a 1.1-acre parcel along Congress Street.
Luxury Langham hotel in Boston to close for yearlong renovation, announces layoffs
Boston Business Journal — November 14, 2018
The luxury hotel is scheduled to reopen in 2020.
Athenahealth to be acquired, combined with former GE Healthcare operation
BostonGlobe.com — November 12, 2018
The Watertown company agreed to the merger as part of an acquisition by two private equity firms for $135 per share.
TD Garden expansion: 7 before-and-after images of the $100 million project
Curbed Boston — November 12, 2018
Enlargement is the first major one in the 23-year history of the home of the Celtics and the Bruins
Plans for two towers above the Mass. Pike move forward
The Boston Globe - Print Edition — November 12, 2018
Cost of the complicated Back Bay project has been pegged at about $350 million.
Biotech unicorn Moderna files for IPO of up to $500M
Boston Business Journal — November 9, 2018
One of the biotech industry's largest unicorns, Cambridge-based Moderna Therapeutics, is planning to go public with an IPO of as much as $500 million, according to documents filed Friday.
National Grid lockout, gas moratorium a 'recipe for disaster' for Massachusetts developers
Boston Business Journal — November 09, 2018
The combined effects of the moratorium and lockout mean that about half of the state — most of Eastern Massachusetts — is blocked from getting gas connections to commercial and residential real-estate developments.
COLLIERS IN THE NEWS
Hedge Funds Are Cashing In Their Positions
colliersinfocus.com — November 15, 2018
Hedge funds are making some noise in the Boston office market of late – though maybe not for the reasons they would like. Several funds have closed shop or merged with others or are in the process of doing so.
Boston just not big enough for Amazon?
The Boston Globe - Print Edition — November 14, 2018
Amazon on Tuesday confirmed that it will split its second headquarters between the Washington, D.C., region and New York City.
Colliers Arranges $16M Refinancing for Multifamily Community in Rhode Island
REBusinessOnline — November 13, 2018
Colliers Arranges $16M Refinancing for Multifamily Community in Rhode Island WARWICK, R.I.
Boston Sees Amazon HQ2 Loss As More Salvation Than Snub
BISNOW — November 13, 2018
Boston’s Amazon ambition has come up short.
Baystate Business: Election Aftermath (Radio)
Bloomberg — November 12, 2018
27:55 - Report on the end of Boston's Bid for Amazon HQ2 with insight from Colliers Director of Research Aaron Jodka
Investors Take the Long View
Banker & Tradesman — November 11, 2018
While prices of trophy commercial buildings have plateaued and transaction activity has cooled in Boston, one real estate category is testing new limits of what investors are willing to pay for a chance at a monster payoff down the road.