Thursday, November 3, 2016

Sue Hawkes on the state of new construction in Greater Boston

Boston Agent (BA): Tell us about how Boston’s construction market is doing this year?

Sue Hawkes, owner of
The Collaborative Companies.
Sue Hawkes (SH): It’s the largest construction boom that we’ve seen in the history of Boston, frankly, and it’s due in no small part to the perceived value of the the local economy. We’ve really struck a balance between the market’s barrier to entry and the return on investment. It’s finally tipped the other way, so much so that in the last three or four years – with regard to the development cycle –rental permits have given way to condominiums.

Obviously, up until the last few years, financing condominium projects was more challenging. That was pretty true almost everywhere, except maybe New York and San Francisco. That’s certainly switched now. It’s changed entirely. We now have a large development cycle that’s inclusive of condominiums, as well as the rentals. Some would argue that we’ve got an over supply of rentals. I think that it’s not so much the over supply that might be the issue but the required price point for the rentals that are being built can only be satisfied by the highest end consumers.


Thursday, October 6, 2016

Fenway’s tallest building more than halfway done

Pierce Boston currently stands at 18 stories

Construction of the Pierce Boston condo-apartment tower at 188 Brookline Avenue in Fenway has reached 18 floors, putting it more than halfway to its 30-floor height.

When it’s done, the approximately 340-foot tower will be the tallest building in Fenway—a not-unimpressive feat given the amount of construction in the neighborhood lately—and one of the tallest buildings in Massachusetts, period, west of Back Bay.

Wednesday, September 7, 2016

Nearly half of Assembly Row's condos sold a year before opening

Rendering courtesy of the Collaborative Companies

The 122 units that comprise the Alloy Residences in Assembly Row are the only condos in that sprawling Somerville development-as-neighborhood (or neighborhood-as-development, take your pick).

And those sole condos are proving especially popular. The Alloy will not be move-in ready until around this time next year, but the Collaborative Companies, the marketing firm charged with selling the condos, says more than 45 percent have been spoken for during barely eight weeks of pre-sales.

What’s more, some condos have traded for more than $1,000 a square foot. Such a sum would be notable anywhere in Somerville. In Assembly Row, along the Mystic, it’s positively historic.

Wednesday, August 31, 2016

Foreign buyers at Millennium Tower show that Boston is on a world stage


Bingyi Chen, a Chinese immigrant who lives in Concord, has bought at least 16 units at the new Millennium Tower for $15.6 million — all in cash.

By Tim Logan GLOBE STAFF  AUGUST 30, 2016

For proof that Boston has become a luxury housing mecca for wealthy people from around the world, look no farther than Downtown Crossing.

At the high-end Millennium Tower, buyers have come from Greece, Hong Kong, and the Middle East, scooping up condos two or three apiece. There’s a real estate executive in San Francisco who markets luxury US properties in Asia, and claims on her website that she’s sold 7 percent of the tower — roughly 30 units.

And then there’s the recent immigrant from China, Bingyi Chen, who lives in a modest townhouse in Concord and has bought at least 16 condos on behalf of investors in his native country, according to property records and his real estate agent. He paid $15.6 million in total. All cash.


Friday, August 5, 2016

The Collaborative Companies joins largest brokerage in U.S.

Posted by  on Aug 4, 2016 in Blog about Boston Real EstateNews

The New England operation of NRT LLC, the country’s largest real estate brokerage firm, has acquired the assets of The Collaborative Companies in Boston, headed by Sue Hawkes, president and chief operating officer. The Collaborative Companies is a full-service residential marketing firm, which will continue to conduct business under its name.

Hawkes will continue as managing director of TCC, located in Park Plaza. It has 30 employees.

TCC presently is involved in development projects totaling more than $1 billion. They include condominiums at Ink Block in the South End, the Pierce in the Fenway, Telford 180 in Allston, Trinity Stuart in the Back Bay and the Alloy at Assembly Row in Somerville. TCC also is involved with Redbrook, a development of single-family homes and townhouses in Plymouth, and Black Birch in Concord, an adult community.