Colliers International Boston's Week In Review


Real Estate Articles of Note
September 8 – September 14, 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.


Boston Real Estate Icon Harold Brown to Step Down from Hamilton Co.
Banker & Tradesman — September 14, 2018
After 64 years at the helm of one of Boston’s most successful real estate empires, Harold Brown is stepping down as chairman of The Hamilton Co.


Carlisle board quits in dispute over affordable housing
The Boston Globe - Print Edition — September 14, 2018
The four members of the town’s Housing Authority resigned over what they said is a failure of local leaders to promote creation of new lower-cost homes.


So much for the Massachusetts miracle - The Boston Globe
The Boston Globe - Print Edition — September 13, 2018
A broad and detailed survey shows that the state trailed the rest of the nation in 2017 when it comes to middle-class income growth, poverty reduction, and the expansion of health insurance coverage.


Downtown Boston’s Motor Mart Garage slated for major redevelopment
Curbed Boston — September 12, 2018
The owners of the Motor Mart Garage at 201 Stuart Street in downtown Boston’s Park Square area have proposed planting a 20-story tower atop the 1,037-space facility.


Takeda to close Illinois office, move employees to Mass.
Boston Business Journal — September 11, 2018
Takeda Pharmaceuticals has announced plans to close its U.S. sales office in Deerfield, Illinois, and relocate employees to the Boston area.


PureTech Health moving headquarters to Boston’s Seaport District
Boston Business Journal — September 11, 2018
The lease is another win for Related Beal, which has invested heavily in the Seaport as the region’s next life sciences hub.


Imagining a corporate campus, UMass is nearing decision on developer for Bayside
The Boston Globe - Print Edition — September 11, 2018
UMass Boston officials described a vision for the site that is something like a mini Kendall Square — a bustling business district that will bring big-name companies to the university’s doorstep while pumping much-needed cash into its coffers.


Boston’s new luxury towers appear to house few Bostonians
The Boston Globe - Print Edition — September 11, 2018
A think tank’s report says luxury towers are occupied mostly by part-time residents or owned by shell companies.


Another Shopping Mall Property Marketed For Redevelopment
Banker & Tradesman — September 11, 2018
Cushman & Wakefield will market the 87-acre, 777,000-square-foot Eastfield Mall in Springfield as a redevelopment opportunity.


A complete list of New England schools’ rankings from US News & World Report
The Boston Globe - Print Edition — September 10, 2018
A look at where New England colleges and universities ranked on the list, which was released Monday.


Most MBTA stations and garages need significant repairs: Analysis
Curbed Boston — September 10, 2018
South Station, Back Bay Station among major hubs that need major repairs fast


Broadband startup Starry will roll out service in all Related properties
Boston Business Journal — September 7, 2018
Boston-based Starry Inc., a startup internet service provider, has launched a nationwide partnership with New York-based Related Companies to bring its wireless broadband service to Related's apartment buildings and affordable housing units.



Colliers In The News


Shire backs out of deal to lease iconic Genzyme building in Cambridge
Boston Business Journal — September 11, 2018
In the midst of a $62 billion acquisition by Takeda Pharmaceuticals, Shire plc has backed out of plans to lease the iconic Genzyme building in Cambridge's Kendall Square neighborhood.


The Creation of a Neighborhood: Boston’s Seaport
Urban Land Magazine — September 10, 2018
In January 2010, as New England was beginning to emerge from the Great Recession, Thomas Menino, then mayor of Boston, launched an initiative dubbed “the Boston Waterfront Innovation District.” The plan was to take approximately 1,000 acres (400 ha) of underdeveloped land on South Boston’s waterfront and create a “work/live/play” environment designed to attract and foster innovation within the city’s technology community.



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