Colliers International Bostons Week In Review


Real Estate Articles of Note
November 11 – November 17, 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.


MBTA names winning bidder for Green Line extension project
The Boston Globe — November 17, 2017
The MBTA has named the winning bidder for the agency’s largest-ever construction contract, for the 4.7-mile extension of the Green Line through Somerville and Medford.


Seaport Square redesign gets city approval
Boston Business Journal — November 17, 2017
The Boston Planning and Development Agency on Thursday unanimously approved WS Development’s vision for the future of Seaport Square, which includes plans to add more than 7.6 million square feet of development to 12.5 acres in Boston’s Seaport District.


Rapid7 expanding headquarters to giant North Station development in Boston
Boston Business Journal — November 16, 2017
The Boston Business Journal last month reported on the Boston-based cybersecurity company’s search for a new headquarters.


Why Hinckley Allen opted for downtown over Seaport, Back Bay
Boston Business Journal — November 16, 2017
Hinckley Allen will be renovating its office at 28 State St. in Boston and taking on more space in the tower.


Swiss investment group makes ‘bite-sized’ $24M buy in Boston’s Seaport
Boston Business Journal — November 15, 2017
The low-rise office is home to the headquarters of Boston Global Investors, a real estate firm that was instrumental in developing the original Seaport Square master plan.


Back Bay developer to pay $3m for casting shadows over churches
The Boston Globe — November 15, 2017
There’s a price to pay for casting shadows on historic churches in Boston — $3 million.


Central Square tower looms over changing neighborhood
The Boston Globe — November 14, 2017
The look of Massachusetts Avenue in Central Square hasn’t changed much for decades, with its mishmash of squat storefronts and low-rise brick buildings from an earlier time. That’s about to change.


Mass. Pike project in Allston to cost $1 billion or more
The Boston Globe — November 14, 2017
A mammoth highway project that would dramatically reshape the Massachusetts Turnpike in Allston and affect the commute of hundreds of thousands of motorists will move forward and likely break ground in 2020, state officials said Monday.


Beth Israel plans new 10-story clinical building in Boston
Boston Business Journal — November 14, 2017
Beth Israel Deaconess Medical Center is looking to add to its footprint, with plans to build a 345,000-square-foot inpatient building on its West Campus in Boston.


Suffolk ‘stopgap’ plan: Brighton
Boston Herald — November 14, 2017
Suffolk University is proposing a “stopgap” solution to its need for student dorms: Leasing a 180-unit apartment building to house up to 350 students in Brighton, a 20- to 25-minute MBTA ride from its downtown Boston campus.Suffolk filed plans with the city to lease the privately owned residential building at 1047 Commonwealth Ave. as a dorm. Boston University is in its second and final year of leasing the property to house its students while renovating its Myles Standish Hall and Annex student residences.


General Electric plans job cuts, slash in quarterly dividend
The Boston Globe — November 13, 2017
Boston’s biggest company is going to get considerably smaller under a turnaround plan that new General Electric Co. chief executive John Flannery spelled out Monday.


Workbar, in deal with investors from Japan, looks to expand in US
The Boston Globe — November 13, 2017
Workbar is working on some big plans. The co-working firm has signed an investment deal with a Japanese real estate firm with plans to expand its footprint in the Boston area, launch in a second US city, and, perhaps, grow overseas.


Why Tech Companies Are Choosing Boston Over The Suburbs
WBUR — November 13, 2017
Bose is the latest suburban business heading to Boston. The audio equipment company announced last week it will move part of its operation from Framingham to Boston Landing in Brighton (that's the site of the New Balance campus).




Colliers In The News

Brayton Point bidder chosen, to be announced soon
The Herald News — November 13, 2017
...Dynegy officials said later last summer, they’d contracted with Colliers International to market Brayton Point. They set an initial bid deadline of Sept. 20.. .Rodrigues said he...


Boston CRE Predicts Highs And Lows For Marty Walsh's Second Term
Bisnow Boston — November 16, 2017
Bisnow reached out to some of Boston’s top voices in commercial real estate to get their perspective on where they see the city heading in Walsh’s second term. Will we land Amazon HQ2, or will we find ourselves with another Olympics-level albatross? We’ll leave it to the experts to say.


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