BRA raises pay for first time in 5 years The Boston Redevelopment Authority has increased many on its employees’ salaries for the first time in 5 years. All except for top earners within the organization received a 3% increase relative to 2012 salaries. Spokeswoman of the BRA Susan Elsebree said, “This was the right time […]
Developers Samuel & Associates and Weiner Ventures have received approval from the state to build a $360 million residential, commercial, and hotel development in the Back Bay. The real estate groups were victorious in acquiring the air rights above the development site. Although details regarding the development are sparse, it will likely transform the Boylston […]
A South Boston community recently received word that the former St. Augustine’s Church, a local landmark, will no longer be demolished and rebuilt. Due to a negative community reaction to previous plans, developers have announced that plans have changed to rehabilitate the site rather than demolish it. The rehabilitation of the 139-year-old church will not […]
The City of Boston is getting it’s first major rock-festival—Boston Calling Music Festival. The festival is to take place on May 25th and 26th at the City Hall Plaza. The festival has garnered a lot of attention online after releasing an outstanding lineup of artists. Here is the lineup: Day 1: FUN., The Shins, Marina […]
Dunkin’ Donuts CEO Nigel Travis reportedly told the Financial Times that he is requesting a change in how ObamaCare regulations identify full time employees. Due to regulations set forth by ObamaCare, Dunkin’ Donuts is required to provide health care coverage to all its full time employees. The law stipulates that any company with over 50 […]
The New York Times Company has decided to sell the New England Media Group, which includes The Boston Globe, boston.com, and the Worcester Telegram & Gazette. The new CEO, Mark Thompson, is developing a strategy to steer the company towards technology including social media, video, and mobile devices. Thompson stated, “Our plan to sell […]
JCPenney‘s future is looking grim. The CEO of the well-known department store, Ron Johnson, is trying to turn things around by cutting costs and this has many employees worried. This month 300 employees are being laid off including employees in legal, HR, and IT. These firings are a part of their transformation and it is […]
This Tuesday, Chairman of the Federal Reserve Ben Bernanke told Congress that the Fed’s low interest rates will continue. The implications of this announcement are vast. The real estate market, which is closely linked to interest rates will benefit from low interest-rate policies that allow developers to borrow at lower rates. This promotes the construction […]
The number of multi-family housing permits in the Bay State nearly doubled in 2012 in comparison to 2011. 2,752 multi-family permits were issued in Massachusetts in 2011 while in 5,019 were issued in 2012. The increase in permits reflects an increased demand for rental housing the Bay State. This year marked the most permits issues […]
The U.S. Olympic Committee has begun the process of preparing a bid to host the 2024 Summer Olympic Games. If chosen, it will be the first time a U.S. city has hosted the Summer Games since 1996. 35 mayors representing cities around the U.S. received letters from the Olympic Committee which is looking to gauge […]
