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

DAVID L. RYAN/GLOBE STAFF

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.

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The Collaborative Companies joins largest brokerage in U.S.

Posted by Marilyn Jackson on Aug 4, 2016 in Blog about Boston Real Estate, News

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.

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