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Real Estate Articles of Note
October 13 – October 19, 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.

 

Panasonic designed human blinders to block out open-plan office distraction
Curbed Boston — October 18, 2018
Open-plan offices, once the darling of design, are now showing their fault lines. To get a little bit of personal space, we’ve come up with all sorts of solutions, from phone booths to furniture designed to create a sense of privacy.

 

Westin Copley Place sale could fetch $500M
Boston Business Journal — October 17, 2018
A Maryland REIT will market the 803-room Westin Copley Place in Boston’s Back Bay for sale — it's the fourth-largest hotel in Massachusetts, according the BBJ research.

 

Downtown Boston Condo Tower Gets $341M in Construction Financing
Banker & Tradesman — October 17, 2018
Holliday Fenoglio Fowler has arranged $341 million in construction financing and joint venture equity for a condominium tower in downtown Boston.

 

Walsh calls for major investment to guard city against flooding
The Boston Globe - Print Edition — October 17, 2018
Mayor Martin Walsh will roll out an array of projects designed to protect Boston from rising sea levels. And he’s asking business leaders for their help to make them happen.

 

Flagship biotech startup Inzen leases space from Catabasis in Cambridge
Boston Business Journal — October 17, 2018
Cambridge rare disease biotech Catabasis Pharmaceuticals Inc. is scaling back its footprint, subleasing all of its laboratory space to a new Flagship Pioneering-backed startup that is still in stealth mode.

 

Shields Health Solutions moving headquarters to Reebok's former Stoughton home
Boston Business Journal — October 16, 2018
Shields Health Solutions is moving its headquarters from Quincy to Stoughton, in the space recently vacated by Reebok, which moved to downtown Boston.

 

East Cambridge’s CambridgeSide could host major development
Curbed Boston — October 16, 2018
Sears closure at mall likely to hasten multi-building project with housing and offices

 

Developer Pays $107M for Home of the Boston Celtics
Banker & Tradesman — October 16, 2018
Invesco Real Estate has sold 226 Causeway St. in the emerging North Station class A office cluster to developer Rockpoint Group for $107 million.

 

Central Square’s Vail Court coming down to make way for affordable housing
Curbed Boston — October 16, 2018
Cambridge seized long-vacant property through eminent domain in late 2016

 

Forbes predicts these Boston startups will be worth $1 billion
Boston Business Journal — October 15, 2018
On Monday, Forbes magazine released its annual list of 25 startups it thinks will one day be worth $1 billion or more.

 

Allston development would spawn 353 apartments and condos, plus retail
The Boston Globe - Print Edition — October 15, 2018
A developer wants to demolish a nearly block-long building along Linden Street and five houses on Pratt Street, all in Allston, and replace them with a three-building complex with 300 apartments, 53 condos, and a cafe or a store.

 

MIT announces $1 billion outlay for study of artificial intelligence, computing
The Boston Globe - Print Edition — October 15, 2018
In a statement, MIT said the MIT Stephen A. Schwarzman College of Computing will open in September 2019 as “an interdisciplinary hub for work in computer science, AI, data science, and related fields.”

 

Kendall Square: How a rundown area near Boston birthed a biotech boom and real estate empire
The Boston Globe - Print Edition — October 15, 2018
As Cambridge grew into a medical-innovation hub, a prescient property developer rode the transformation to riches.

 

Scape Announces U.S. Headquarters to be Based in Boston
Globe Street — October 12, 2018
Scape USA is targeting 20,000 beds nationwide and is prepared to invest $1 billion in Boston over the next five years.

 

 

COLLIERS IN THE NEWS

 

Dot-Com Era Space Banking Is Back, But Landlords May Not Suffer This Time Dot-Com Era Space Banking Is Back, But Landlords May Not Suffer This Time
BISNOW — October 18, 2018
Office tenants in Boston are starting to act as they did in the years leading up to the dot-com bubble burst, but the city’s real estate analysts say history won’t repeat itself.

 

The Bloomberg Baystate Business Hour
Bloomberg — October 17, 2018
22:10 - Aaron Jodka of Colliers talked about the real estate implications of the Sears bankruptcy.

 

Colliers International | 2018 Q3 Industrial Viewpoint Report Boston Colliers
Colliers Boston — October 16, 2018
After a one-quarter hiccup, the Boston industrial market resumed its recovery. Vacancies fell 0.2 percentage points during the quarter, to 9.9%. Absorption totaled 300,000 SF, led by the Urban market.

 

Sanofi Genyzme looking to expand in Cambridge
BostonGlobe.com — October 15, 2018
Biotech reportedly needs 400,000 square feet of added space for labs and offices.

 

Industrial market is hot in Boston, but is it hot enough to save the city’s middle class?
The Boston Globe - Print Edition — October 15, 2018
High office rents and soaring home prices get the attention, but Greater Boston’s industrial market is also on fire right now.

 

 

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