A few weeks ago, Massachusetts Governer Deval Patrick called for increased state spending in the education and transportation sectors. Where will the state garner that much funding? Increased taxation. Patrick reassured his supporters that the majority of programs would not experience any cuts under his proposed budget. In fact, most would experience increases. To pay […]
Florida-based Firehouse Subs has big plans. The chain, founded by two fire-fighting brothers Chris and Robin Sorensen, is expanding in the Northeast. Currently, the chain has two operating location in Massachusetts and has another on the way. However, the store that specializes in subs expects to open a whopping 85 locations in the next 5 […]
One Lincoln Street—better known as the State Street Financial Center—is still on the market. The building was put on the market nearly 20 months ago by New York-based real estate group Fortis Property for $1.15 Billion. Brokers believe the reason why the property has failed to sell is likely due to its price. In addition, […]
This month, an Atlanta-based real estate company Jamestown Properties acquired the lease for the Bronstein Center, reports the Boston Herald. The Center, which stands as the largest building in South Boston at 830,000 square-feet, was acquired by Millennium Partners back in 2011. Millennium Partners is a New York developer active in Boston’s real estate market. […]
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 […]
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 […]
Construction of homes in the U.S. took a slight dip in January, however, still remains high relative to 2008. The Commerce Department says that construction declined from the 8.5% peak seen this past December to 7.8%. However, housing experts attribute this type of dip is seasonal and that January has always been a slow month in the […]
Many things come to mind when one thinks of California. Whether it is palm trees, Hollywood, the Golden Gate Bridge, or Katy Perry—California is well known for its unique attributes. However, shale gas extraction is not one of them. Due to budgetary mismanagement, 9.8% unemployment, and America’s highest poverty rate, California may consider joining the […]
President Obama’s recent State of the Union touched upon a multitude of initiatives aimed at redistribution of wealth in America. From an increase in the taxation of America’s wealthiest to an increase in programs meant to bolster low-income earners, America has heard it all before. However, there was one initiative that took many by surprise—minimum […]
It’s almost that time of the year again for Boston’s MassChallenge. The startup accelerator is now accepting applications, starting Wednesday at 3pm, for startups to compete for $1 million in cash awards. They will be accepting 125 startups and those who will be involved in the program will have mentorship and office space at their […]
