by Byron Chen After the first quarter of 2013, Boston’s Retail market experienced minimal change in market conditions. The retail market saw its vacancy rate decrease from 4.4% at the end of 2012 to 4.3% at the conclusion of this most recent quarter. Vacant sublease space has trended down as well this quarter, finishing with […]
Real Estate search engine Trulia has announced that it will acquire CRM provider Market Leader for around $355 Million. Trulia has approximately 46,000 “premium subscribers” which is more than its biggest competitor Zillow. Announcing the news on its blog, Trulia CEO Pete Flint said: We are very excited to announce that Trulia has entered into a definitive agreement to acquire Market Leader, Inc. (NASDAQ: […]
Millennium Partners announced it has signed a lead tenant for the Burnham Building redevelopment at the former Filene’s department store, this will help fill in a piece of the puzzle for Boston’s Downtown Crossing redevelopment. Arnold Worldwide will take occupancy of 125,000 square feet of office space at the Burnham Building in September 2014. The Burnham Building […]
Recently, the positive change in commercial cap rates could be attributed to the recovery of credit markets. Low cap rates and weak fundamentals have lead many to question the Fed’s low interest rates. These low rates may be excessively raising commercial prices. In a quote from FRBSF, “It’s true that cap rates are at historic […]
I fancy myself quite the tech geek and I am continually looking for new apps to improve my productivity. So I decided to share the ones I love with my readers. Now before I share keep in mind what works for me may not work for you. Simple – Their tag line is “Replace your […]
As the U.S. population grows and space decreases, many property developers
The economy has added 88,000 jobs this March. Due to this increase the unemployment rate has dropped to 7.6%.
Bristol-Meyers Squibb, a pharmaceutical company based in New York, announced plans for a $250 million expansion in Devens. The expansion, motivated by tax incentives, will shift jobs from New York and New Jersey to the Bay State. The company plans to expand its biologics manufacturing facility, which was completed in 2009 for $750 million, as […]
The Bay State’s taxpayer-funded commuter rail service has recently made headlines for large raises, signing bonuses and other perks that its engineers and conductors have received. According to a report compiled by Pioneer Institute, a conservative fiscal watchdog, the MBTA has excessive labor costs that outrank other state agencies. The report called on Governor Patrick […]
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 […]
