The Porter Square Shopping Center, owned by Gravestar since its formation in 1994, has been packaged with eight other properties and sold to TA Realty of Boston in a $390 million deal. TA Realty’s partner was Wilder, also of Boston, which operates retail properties from Maine to Florida and Illinois. Its closest property is the […]
Cambria Hotel Boston Somerville has opened its doors. Situated on the Somerville-Cambridge line, it converges with a unique moment in time for Somerville as it experiences a modern-day renaissance, and it adds to the exciting transformation that Somerville’s historic Union Square is undergoing. Travellers will find a design forward, accessibly priced hotel that celebrates the city’s […]
By Jeff Cox via CNBC Inflation held at stubbornly high levels in May, though the monthly increased was slightly less than expected, according to a Commerce Department gauge closely watched by the Federal Reserve. Core personal consumption expenditures prices rose 4.7% from a year ago, 0.2 percentage point less than the previous month but still around levels […]
By Paula Seligson via Bloomberg Elon Musk may be directing his buyer’s remorse at Twitter Inc.’s bot problem. But underpinning the deal is a $13 billion debt bill that’s looking like a bigger burden by the day. The package, drummed up in a rush and signed by banks before the end of the billionaire’s beloved April 20 […]
By Jeff Cox via CNBC Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels of neutral we won’t hesitate to do that,” the central bank leader told The Wall […]
By Anissa Gardizy & Catherine Carlock Firms that signed big leases right before COVID are trying to design an office worth coming back to. After repeated false starts during the pandemic for returning to the office, the future of in-person work for white-collar professionals around Boston is becoming slightly more clear. In many industries, the […]
By Boston Real Estate Times Somerville, MA – Cambria Hotel Boston Somerville has opened its doors. Situated on the Somerville-Cambridge line, it converges with a unique moment in time for Somerville as it experiences a modern-day renaissance, and it adds to the exciting transformation that Somerville’s historic Union Square is undergoing. Travellers will find a design forward, […]
By John Worth & Savannah Delullo, Via Nareit Commercial real estate fundamentals continue to point to strong performance in the retail, multifamily, and industrial sectors with vacancy rates mostly declining on a year-over-year and quarter-to-quarter basis, robust rent growth, and positive excess demand. While there has been improvement in the office sector, the impact of […]
By Richard Rubin via The Wall Street Journal Rettig says abusive syndicated conservation easement transactions persist despite stepped-up enforcement WASHINGTON—Internal Revenue Service Commissioner Charles Rettig sought congressional help Tuesday in stopping land-rights deals that the government views as abusive transactions. Mr. Rettig said so-called syndicated conservation easements have continued despite years of stepped-up IRS enforcement that now […]
By Ben Unglesbee via Retail Dive Dive Brief: The share of small retail businesses that couldn’t make rent rose to 34% in April, up six percentage points from February, according to survey data from Alignable. Those surveyed cited inflation, including gas price spikes, supply chain issues, labor shortages, reduced revenues and increasing rent. Of those […]
