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Articles Posted in the " development " Category

  • Shrink Your Taxes By Trading Your Properties Instead Of Selling

    Oops, here comes a rainy day and you need cash? You find a better location for your business or you are doing very well and need a bigger space for your growing business? Well, whatever reason people might have to sell their properties, there is one thing that everyone would be concerned about—how much tax […]


  • Green Line Extension, Bitter or Sweet?

    President Obama released the budget of $100 million in federal fiscal year 2015 supporting the MBTA (Massachusetts Bay Transportation Authority) Green Line Extension project (GLX) which benefits the economy and environment of Somerville and Medford communities in the upcoming several years. “The Green Line Extension offers Somerville and the region both economic justice and environmental […]


  • Healthier Economy Brings Better Business Opportunities

      The Business Monitor International upgraded their 2014 real GDP growth forecast from 2.7% to 2.8% with growth set to average 2.4% per year from 2013-2018. Our economy is recovering. With a growing external trade demand from the key US trade partners, including Canada, Mexico and the United Kingdom, both the industrial and office segments […]


  • New Energy Retrofits for Multifamily Homes

    In what is excellent news for the Bay State from both an economic and environmental standpoint, the Massachusetts Clean Energy Center recently made an offer of $1 million to support energy-efficient retrofits for affordable multifamily housing developments. The MassCEC was created in 2008 for this exact purpose. They aim to accelerate the Commonwealth’s clean energy […]


  • The Changing Office Space Culture

    Commercial real estate firm Cassidy Turley recently relocated its Minneapolis headquarters to the IDS Center in downtown Minneapolis. Prior to this move, Cassidy Turley engaged its younger employees – known as millennials – in the office space conversation to gain an idea of what they had in mind for the future of the company. Millennials […]


  • Synergy buys Seaport Office buildings

    Boston-based real estate investment and development firm Synergy Investments is continuing its spending spree, partnering with DivcoWest to buy a pair of office buildings and a parking garage in Boston’s Seaport District. Synergy is paying The Archon Group $53 million for the sale of these three properties. The properties include 319 A Street, a 48,000-square-foot […]


  • One World Trade Center reaches its Peak

    The redevelopment of the new World Trade Center reached a significant milestone last Friday, as construction workers added the final vertical piece to the puzzle. A 408-foot spire was placed atop One World Trade Center, which has 104 stories and now stands at an imposing 1,776 feet above street level. A collective effort to rebuild […]


  • New condominiums for Danvers

    After years of slow growth, the Massachusetts condo market is heating up. A couple years ago, demand for condominiums was so low that real estate developers were converting condominium space into rental space. However, recent construction indicates that the tides have changed. In February of 2012, Tina Pizzuti-Brzezenski, a partner at Pizzuti Development, considered building […]


  • No immediate plans to build near Gillette Stadium

    The Kraft Group is considering building an apartment building near the Gillette Stadium, reports the Boston Herald. However, the town planner of Foxboro said current zoning laws will not accommodate one-acre lots with single-family homes. The town planner Sharon Wason told the newspaper, “They’ve got to change the rules somehow so they can build apartments.” […]


  • Somerville’s Assembly Square progresses

    Last week, Somerville’s Design Review Committee reviewed conceptual plans for Assembly Square’s mixed use Main Street development. The design included a cluster of building with large glass displays and offices that overlook the riverfront.  The plans were laid out by Michael Giardina, Design Principal at Kling Stubbins, for two buildings in the Square. The first […]


  • AvalonBay to begin construction on Stuart Street tower

    A luxury high-rise tower on 45 Stuart Street near North Station was approved yesterday. The developer, AvalonBay, will begin construction on the 404 unit apartment tower within a few weeks. In fact, they have already applied for a foundation permit, says Scott Dale, Senior Vice President of Development for AvalonBay in Arlington, VA. The $425 […]


  • Union Square revitalization begins

    Somerville officials have embarked on the first phase of development in the Union Square Revitalization Plan. The city has begun the process of acquiring land surrounding the proposed Union Square Station. Acquiring 22 parcels, either by purchase or eminent domain, will cost an estimated $4.6 million. The first phase is essential for the development project, […]