Associated Press LOWELL — The University of Massachusetts-Lowell has announced it has bought the former St. Joseph’s Hospital complex for $6.3 million, with plans to invest tens of millions more in renovations. Chancellor Marty Meehan tells The Sun that the purchase will link the university’s North, South, and East campuses and help revitalize the Acre […]
4th Quarter 2010: Boston’s Ravenous Appetite Devours Retail Vacancies With Bostonians eating out more frequently and spending more on luxury items, seasoned restaurateurs have taken the proverbial “bull by the horns” and led the charge, absorbing dozens of retail spaces by both expanded existing spaces and having opened new concepts. Led by Boston’s entrepreneurial restaurateurs, […]
U.S. commercial property prices are recovering and “substantially” off the bottom after more than a year of decline, said Steven Roth, chairman of Vornado Realty Trust. Hotels and multifamily properties are leading the rebound, with South American investors purchasing condominiums in Miami, according to Barry Sternlicht, chairman of Starwood Capital Group LLC in Greenwich, Connecticut. […]
Meet Boston’s newest skyscraper – a 31-story glass-walled tower at the corner of Congress Street and Atlantic Avenue in Boston’s Fort Point Channel district. The tower is part of a complex that fills a large gap in the city’s effort to transform the area into a modern waterfront with new residences, restaurants, boating tours, and […]
People say that weddings and funerals bring out the best and the worst in people. Well, evidently, so does the snow. Image courtesy of Rochester Media Earlier this week, I parked my car on a street where many commuters park for the train. At the end of the day, I returned to find a very […]
Facing identical store sales of a negative 4.9% in its third quarter, grocery store owner operator SuperValu Inc. is planning to cut costs including layoffs and closures and/or the sale of some of its store brands in the Northeast U.S. As a group, SuperValu’s Northeast banners pulled down corporate-wide store sales by more than 150 […]
There usually are no second acts in real estate. If you develop a property and it does not pan out like you thought, usually another firm gets a chance to clean up the mess. That’s what makes the case of the 305,303 sq. ft. Woodbury Lakes open-air lifestyle center in Woodbury, Minn., a bit […]
CANTON — When OneBeacon Insurance Group acquired the former EquiServe headquarters campus in 2005, OneBeacon executives had always envisioned the Canton building as a multi-tenant campus. Finally, the insurance company is ready to share. OneBeacon hosted its first open house for commercial real estate brokers Wednesday as it looks to find tenants to fill as […]
