Real Estate Articles of Note
September 22 – September 28, 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.
Millennium Partners closes on $102M Winthrop Square site purchase
Boston Business Journal — September 28, 2018
An affiliate of Millennium Partners has closed on the $102 million acquisition of the 1.15-acre Winthrop Square site, and construction on two high-rise towers spanning a combined 1.56 million square feet has officially begun on the downtown Boston site.
Government Center Garage demolition just advanced a lot further
Curbed Boston — September 28, 2018
Why? One Congress, the giant office tower that’s part of the Bulfinch Crossing development, nabbed key financing
Cambridge startup KSQ raises another $80m, plans to start trials of cancer drugs
BostonGlobe.com — September 28, 2018
Dr. David Meeker, the former head of Cambridge-based Sanofi Genzyme, appears not to have wasted any time in his year as head of KSQ Therapeutics, a biotech startup trying to develop cancer medicines.
Porter Square’s St. James Place underway after years of legal wrangling
Curbed Boston — September 27, 2018
Yet another development is underway along the Red Line, this time in Cambridge’s Porter Square area.
Boston's food hall frenzy: These aren't your average food courts
Boston Business Journal — September 27, 2018
Food halls are becoming a popular way to fill large chunks of real estate that once would have been reserved for retailers, prompted by a demographic shift as both millennials and baby boomers flock to urban markets.
City raises its goal for new housing by 30 percent
The Boston Globe - Print Edition — September 26, 2018
Citing Boston’s faster than expected population growth and rising rents, the mayor says even more building is needed to meet the demand.
Boston University proposes 19-story tower on Comm. Ave.
Boston Business Journal — September 26, 2018
The 350,000-square-foot tower would be built at 645-665 Commonwealth Ave., currently a surface parking lot at the corner of Commonwealth Avenue and Granby Street.
Mass. employees safe from Novartis layoffs
Boston Business Journal — September 25, 2018
Novartis AG's Massachusetts employees will not be affected by the pharmaceutical giant's plan to cut some 1,700 jobs by 2022 and move from high-volume drug production toward more specialized and personalized medicines like those being researched at its large Cambridge campus
First EchelonSeaport tower tops off in the Seaport District
Curbed Boston — September 25, 2018
Three-building complex is the largest residential development underway in Boston right now
Kendall Square biotech in talks for big Cambridge Crossing expansion
Boston Business Journal — September 24, 2018
Cambridge Crossing will eventually feature 4.5 million square feet of space, including 2.1 million square feet of science and technology space across five buildings.
Major office development coming to Waltham - The Boston Globe
The Boston Globe - Print Edition — September 21, 2018
Plans call for more than a half a million square feet off of Route 128.
Colliers In The News
When a Merger Means Growth - Banker & Tradesman
Banker & Tradesman — September 23, 2018
A merger between the second and sixth largest employers in Massachusetts’ life science industry would cause indigestion in commercial real estate.