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Real Estate Articles of Note
September 1 – September 8, 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 lands a big fish, and 1,000 jobs
The Boston Globe — September 07, 2017

Mayor Marty Walsh just landed the city’s biggest new employer during his administration — and he didn’t have to pay a dime in incentives. Engineering software firm PTC has signed a 250,000-square-foot lease to occupy most of a new tower at 121 Seaport Boulevard, on the South Boston waterfront.

 


IBM invests $240M in new MIT artificial intelligence lab
Boston Business Journal — September 07, 2017

Most in the local tech field believe that Boston is poised to be a leading player in a new generation of companies built around artificial intelligence. That theory got a major vote of confidence on Thursday when International Business Machines Corp. announced a 10-year plan to fund cutting-edge AI research at MIT.

 


Needham software firm signs on at Seaport site
Boston Herald — September 07, 2017

Needham engineering software maker PTC Inc. will relocate its global headquarters in early 2019 to Boston’s Seaport District, where it plans to house more than 1,000 employees in the top half of a new 17-story office building.PTC signed a lease for an initial 248,911 square feet on nine floors at 121 Seaport Blvd. and eventually will add another 5,000 square feet. Its lease runs from January 2019 through June 2037, according to a U.S. Securities and Exchange Commission filing.

 


Mayor Walsh: Boston could ‘absolutely’ handle an Amazon headquarters
Boston Business Journal — September 07, 2017

“If Amazon wants an East Coast headquarters, I don’t see any city better in America than Boston, Massachusetts,” said Mayor Martin Walsh.

 


This map shows the 39 places likeliest to win Amazon’s new-headquarters contest
The Washington Post — September 08, 2017

Local leaders across North America are suddenly competing to host the second headquarters of Amazon, one of the world’s largest e-commerce platforms. But an analysis by The Washington Post shows that only a few dozen metropolitan areas fit the criteria set out by the technology giant in an announcement Thursday.

 


Where could Amazon fit 50,000 workers if it comes to Boston?
The Boston Globe — September 06, 2017

The e-commerce giant has launched a nationwide search for a site for a second headquarters of up to 8 million square feet.

 


Staples finalizes its sale, beginning a new chapter
The Boston Globe — September 06, 2017

The end of a 28-year run as one of the premier public companies in Massachusetts came quietly for Staples Inc., in a perfunctory vote approving its nearly $7 billion sale to a private equity firm.

 


Four venture-backed biotech startups land space in 100 Binney
Boston Business Journal — September 05, 2017

Four early-stage biotechnology startups have leased space at 100 Binney St. in Cambridge’s white-hot Kendall Square neighborhood, a 431,000-square-foot office that will also be home to Facebook Inc. and Bristol-Myers Squibb.

 


$2.4B Wynn Boston Harbor gaming resort still set to open in 2019
Boston Business Journal — September 01, 2017

The $2.4 billion Wynn Boston Harbor gaming resort, which Wynn Resorts bills as the largest single-phase privately funded development ever to be built in the history of Massachusetts, is a year into its 34-month construction timeframe. Here's an inside

 

 

 

Colliers In The News

 


Colliers In Focus: The World Of $50 Rents
Colliers International Boston — September 06, 2017

It’s hard to find value in office space in Boston today, particularly on direct deals: This cycle has been kind to landlords. Rents are up nearly 60% on Class B product, while Class A assets have risen 30% in this cycle. What does that mean for today’s lease renewals or tenants out in the market? Expect your rent to start with a 5.

 


In the race for Amazon, does Boston stand a chance?
The Boston Globe - Print Edition — September 07, 2017

... a daunting challenge,” said Tom Hynes, chief executive of the Boston office of Colliers International, a real estate firm. “There aren’t too many large sites, but maybe you could put some together ...

 


Central Square Property Sells For $75M
Banker & Tradesman — September 08, 2017

... are just under $49 per square foot, according to research released this week by Colliers International Boston.

 

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