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Boston Commercial Real Estate News Roundup 2018

January 7, 2019
Recent Publications

We’ve put together a synopsis of some of the biggest headlines and most important news articles in Boston commercial real estate to close out the year. Each article illustrates what transpired and what lies ahead in the Boston’s CRE market.

This year’s update includes: AI’s role in CRE, the Boston Red Sox further development of Fenway Park, big tech companies signing major leases, and Apple now occupying important office space in the area.

Boston Commercial Real Estate News 2018

Boston Commercial Real Estate News

Apple, Boeing, & Capital One Plan to Share a Kendall Square Tower

Greater Boston scores a big commercial real estate deal with the announcement of 3 heavyweight companies sharing space in Kendall Square. Read More 

Major French Pharmaceutical Company, Sanofi, Leases 900K Sq Ft Space in East Cambridge

Sanofi’s lease of two buildings at Cambridge Crossing establishes the development as a biotech hub, and is the largest single lease deal signed in the history of the city. It is also the biggest single lease deal signed in the Greater Boston Area since 2011. Read More

Millennium Partners’ Mixed-Use Skyscraper, Winthrop Center, Breaks Ground

After more than a decade of back-and-forth with the city and the Federal Aviation Administration regarding the tower’s height and building plans, Winthrop Center’s construction has commenced. Originally proposed as a 1,000 foot project, Millennium Partners inked the deal at 691 feet due to the takeoff and landing patterns of planes to and from Logan International Airport. Read More

AI’s Influence on Commercial Real Estate (National News)

Artificial intelligence and it’s effect on commercial real estate was a main topic at CoreNet’s 2018 Summit in Boston. Benefits as well as downfalls were discussed regarding how AI will be adopted into the CRE market. Read More

High-tech Manufacturer, Harmonic Drive, Consolidates New Headquarters to Beverly, MA

Harmonic Drive currently operates out two buildings in Peabody, but will be returning to its roots in Beverly, Massachusetts. It’s a move to both consolidate operations and prepare for future growth. Read More

Real Estate Finance Association in Boston (REFA) Caps a Successful 2018

After a rebrand and numerous real estate educational forums and events, REFA celebrated the leaders and contributors of Boston’s commercial real estate finance community. Read More

Proposed Duo of Towers Will Connect South End, Fenway, Cambridge and Back bay

$350 million project in Boston proposed by Samuels & Associates at crossroads of Massachusetts Ave, Boylston St, and Newbury St near the Massachusetts Turnpike. Read More 

Available Land in Boston (If There Is Any) Most Likely To Become Lab Developments

The Biotech boom in Boston, especially in East Cambridge’s Kendall Square, is creating a very competitive real estate market for lab space. Read More

American Realty / Norges JV Acquire 121 Seaport Office Tower for $455M

Skanska sells the newly built edifice to joint venture between American Realty Advisors and Norges Bank Real Estate Management for $455 million. Read More

Live Nation & Red Sox In Discussions for Live Music Venue

Fenway Sports Group and Live Nation are planning to build a 5,000-seat music venue next to Fenway Park, on the corner of Ipswich and Lansdowne. Read More

Leggat McCall Properties Acquires 107-Acre Development Site in Woburn

NKF Capital Markets sold the 107-acre site to Leggat McCall Properties. The space on Montvale Hill is located eight miles north of Downtown Boston. The massive opportunity development site is lab, manufacturing, and / or office use. Read More

Verizon Doubles Down on Boston with Investment Totaling $600M

Verizon will expand its local wireless network in the Greater Boston area for 10 years with a $600 million deal. Read More