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Real Estate Articles of Note
September 9 – September 15, 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.

 

Boston University opens life sciences and engineering center backed by record $115M gift
Boston Business Journal — September 14, 2017
The nine-story, 170,000 square-foot building on Commonwealth Ave. will house hundreds of researchers and staff.

 

4 ways display technology can make commercial offices more engaging
Boston Business Journal — September 13, 2017
Eighty-six percent of offices are reinventing or adapting work spaces. Using display screens to make offices more interactive will be a vital part of those changes.

 

Seaport developer proposes major performing arts center, more park space
Boston Business Journal — September 12, 2017
The changes comes close to two years after WS Development paid a whopping $359 million to acquire 12.5 acres of undeveloped parking lots in Boston’s Seaport.

 

Alexion cutting 600 jobs and moving headquarters in major shakeup
STAT — September 12, 2017
Alexion Pharmaceuticals, until recently seen as one of biotech’s biggest success stories, is eliminating roughly 600 jobs and moving its headquarters to Boston amid federal investigations and pressure to cut costs.

 

Developer lowers height of proposed Winthrop Square tower
The Boston Globe — September 11, 2017
The billion-dollar skyscraper planned at the Winthrop Square Garage site in downtown Boston is getting shorter. The developer, Millennium Partners, says it will lower the height to just over 700 feet, from 775 feet, to comply with federal rules governing building heights near Logan International Airport. By chopping 75 feet off the building, they say, the tower should be clear of Logan’s takeoff paths.

 

Waterfront Project Sales Prove Red Hot Condo Market in Boston
GlobeSt.com - Boston — September 11, 2017
New York City-based Lendlease’s first project in the City of Boston—Slip 65—sold all 80 of its luxury condo units in just 50 days and more than a year from ...

 

 

 

Colliers In The News

 

Colliers In Focus: Fitting HQ2 in the HUB: What an Amazon HQ in Boston could look like
Colliers International Boston — September, 2017
As you’ve probably seen, Amazon is on the hunt for a second headquarters, dubbed HQ2. But this isn’t just a token location: it is looking for up to eight million SF of space upon full build-out, and the company could employ 50,000 workers. Let’s put some of those numbers into perspective.

 

The Crazy Plan That Could Be Boston's Amazon HQ2 Silver Bullet
Bisnow Boston — September 14, 2017
“You need to get creative in a dense urban environment like Boston,” Colliers International Director of Research Aaron Jodka said. “That means getting multiple stakeholders together.”

 

Northern Virginia localities ready their pitch for Amazon’s second headquarters
Virginia Business — September 14, 2017
“This is unprecedented,” said Aaron Jodka, director of research for Colliers International in Boston. “There has never been a request like this in history,” and especially, he says, over such a short timeframe.

 

As Brayton Point hits the market, golf course, industrial park among pitches
The Herald News — September 13, 2017
...There has been significant activity and touring of the site with broker Colliers International, Meredith Moore, spokeswoman for Dynegy Inc. in Houston, said in a phone interview.. .“We ...

 

Seacoast MA HQ Gets Million-Dollar Makeover
Commercial Property Executive — September 12, 2017
...Colliers International brokered Seacoast’s lease...

 

Boston has what Amazon is looking for - The Boston Globe
The Boston Globe - Print Edition — September 12, 2017
...Boston Globe - ...Thomas J. Hynes Jr. is chief executive officer of Colliers International-Boston and past chairman of the Massachusetts Business Roundtable...

 

So, just how big is an 8 million-square-foot HQ2 for Amazon?
Boston Business Journal — September 11, 2017
Putting it mildly, 8 million square feet of real estate is a lot of density. To put the request in perspective, Colliers International Boston's Director of Research Aaron Jodka pulled some statistics to show just how big a request 8 million square feet is. That number represents...

 

Which City Will Nab Amazon's HQ2? Bisnow Analyzes The Best Options
Bisnow National — September 11, 2017
As for finding 8M SF, Colliers International Director of Research Aaron Jodka said this is the equivalent of every converted, rehabbed and new construction office and lab property in the Seaport dating back to 1988. This is not a deterrent. Increasing height and density at...

 

Charting Office Rents From A Transit Perspective
Banker & Tradesman — September 11, 2017
In an analysis of commercial rents within walking distance of T stops in Boston and Cambridge, Colliers International found few bargains left in the urban core following a 30 percent rise in class A rents and 60 percent increase at class B properties since the last market downturn.

 

DCU to fill Kronos location in Chelmsford
The Lowell Sun — September 09, 2017
...on what's happening in the Route 129 corridor, hosted by Tritown Financial Group and Colliers International at 300 Apollo Drive.. .Town Manager Paul Cohen said DCU plans to purchase and renovate the...

 

Central Square Property Sells For $75M
Banker & Tradesman — September 08, 2017
...in office buildings located within a half-mile radius of Central Square station are just under $49 per square foot, according to research released this week by Colliers International Boston...

 

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