COMMERCIAL REAL ESTATE
Bill Gates has reportedly acquired over 14,000 acres of farmland in Washington state from Boston-based John Hancock for $171 million, the most expensive real estate transaction to close so far this year. The financial services giant purchased the property for $75 million eight years ago. Read more at the Boston Business Journal.
Travel App Closes $100 Million Round
Hopper closed its Series D round of funding with $100 million in new financing led by Canada-based OMERS Ventures. With a total of $184 million in capital, the travel booking app will use the funds to launch its services in international markets. Read more at American Innovation.
New Tower Coming to Winthrop Square Site
Millennium Partners has acquired Winthrop Square Garage from the City for $102 million in cash and additional payments that are tied to leasing and sales of the 1.6-million-square-foot project its planning for the site. The developer will begin work immediately on the $1.3-billion, 691-foot mixed-use project. Read more at BisNow.
BU Plans Bookish Building
Boston University unveiled details about the design of its new data sciences center at 645-665 Commonwealth Avenue in Kenmore Square. Designed by Toronto-based KPMB Architects, the 19-story tower will make an interesting addition to the city’s skyline as it will resemble a stack of books. Read more at Curbed Boston.
GM Number One in The Word for Workplace Equality
Gender equity data and insight group Equileap released its second annual Global Report on Gender Equality last week and ranks General Motors No. 1 for workplace gender equality worldwide. The study looked at over 3,000 companies in 23 countries. GM scored high on the list due in part to having a female CEO and an equal number of women and men on its board of directors. Read more at the Detroit Free Press.