Real Estate Articles of Note
October 21 – October 27, 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.
Inside the pitch: How Boston chose Suffolk Downs for Amazon's HQ2
Boston Business Journal — October 26, 2017
Suffolk Downs has been considered an HQ2 front-runner since the early days of Amazon's bid, even as some city officials denied the fact during the public bid process. Here's how the idea came about.
National Income and Product Accounts Gross Domestic Product: Third Quarter 2017
Bureau of Economic Analysis — October 27, 2017
Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent.
Berkshire lawmakers want Boston-Springfield rail study extended to Pittsfield
MassLive — October 25, 2017
As lawmakers discuss whether to study expanded high-speed rail between Springfield and Boston, officials from the Berkshires are trying to get in on the action. A bill pending before the Transportation Committee would instruct the Massachusetts Department of Transportation to conduct a feasibility study of establishing high-speed passenger rail between Springfield and Boston.
Cambridge City Council approves MIT’s Volpe zoning petition
MIT News — October 23, 2017
In an agreement with the federal government, MIT will build a new headquarters for the Volpe Center on approximately four acres of the parcel, and now with the city’s zoning approval, the Institute will advance a detailed plan to redevelop the remaining 10 acres. MIT’s proposal includes housing, commercial and lab space, retail, open space, and a variety of active community uses.
Boston Suburban Investment Sales Heat Up
GlobeSt.com - Boston — October 25, 2017
The Brookwood Business Center traded for approximately $40 million according to public records. Brookwood Financial acquired the former Billerica Business
Doing the math on affordable housing - The Boston Globe
The Boston Globe - Print Edition — October 24, 2017
Boston is a victim of its own success. With some of the highest land and construction costs in the nation, and a housing market that can’t keep up with demand, the city’s housing prices are rising faster than household incomes.
'Boston Runs Fastah': Inside Reebok's retail store beneath its new Seaport HQ
Boston Business Journal — October 24, 2017
The store features a YourReebok Customization Shop, where a staff of Reebok craftsmen will hand-make a custom pair of classic leather sneakers, as well as Boston-specific gear, including t-shirts emblazoned with "Hardah! Furthah! Fastah!"
As Amazon moves in, demand for warehouse space climbs
Boston Business Journal — October 24, 2017
As developers try to keep up with a surge in demand for warehouses driven by online retail, some are considering some unusual solutions. Some have begun to consider constructing multistory warehouses and demolishing struggling malls to make way for sprawling industrial properties.
Colliers In The News
Colliers in focus: WeWork Is In Expansion Mode
Colliers International Boston — October, 2017
WeWork is one of the real estate industry’s key disruptors. Ranking behind Uber and Airbnb as the third-largest startup by valuation in the country at $20 billion, it offers a range of work setups, from...
Bloomberg Baystate Business: Tech Earnings and Infrastructure
Bloomberg — October 26, 2017
Bloomberg Boston Bureau Chief Tom Moroney and Radio News Anchors Peter Barnes and Pat Carroll are joined by top names from local business and finance to medicine and politics, along with Bloomberg reporters covering the latest stories in and around Boston. Today:... Aaron Jodka from Colliers talks about real estate. Starts at 10:45.
Burlington Property Lines Up Five New Office Tenants
Banker & Tradesman — October 26, 2017
“We credit Duffy Properties for its proactive and aggressive approach to making deals and look forward to bringing 78 Blanchard to full occupancy,” Jason Rexinis, Colliers International vice president, said in a statement.
citybizlist : Boston
Citybizlist Boston — October 31, 2017
...Colliers International, Boston is pleased to announce Jessica Sawyer has rejoined the firm as Executive Vice President ...