Updates in the world of Commercial Real Estate
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 […]
Thinking of selling your home? December marked the highest jump in prices since May 2006, 8.3% compared with December 2011. The jump can be attributed to a low inventory of homes and rising demand for housing nationwide. The effects of steady increases in home prices are overwhelmingly positive for the US economy. Owners are enticed […]
Acme Packet announced that it has agreed to be acquired by Oracle for an equity value of $2.1 billion. This acquisition is expected to improve all IP-networks so there is a secure and reliable communication between devices. It will also help service providers and enterprises with the demanding requirements of IP-networks. ‘”Acme Packet brings deep domain […]
Following the housing bubble, construction of new homes declined sharply. The effects of low home inventories were felt in 2012 and will continue throughout 2013. The MLS Property Information Network reports that prospective buyers in Massachusetts had 23% fewer homes to select from compared to this time last year. In fact, in just Boston alone […]
Jason Owens, the man behind Bee’s Knees Supply co., is making waves in South Boston. The high end supermarket, slated to open this winter, will boast a unique selection of high-quality, gourmet foods. The store will include 5,500 square feet of fresh produce, meats, seafood, as well as downtown Boston’s largest selection of cheese. In […]
Bright Horizons Family Solution, a provider of employer-sponsored child care, early education, and work solutions founded in 1986, is scheduled to begin trading on the NYSE today. This IPO is the first for a Massachusetts based company in 2013 and only the 17th in the past two years. Bright horizons will be traded under the […]
The Dorchester Bay Economics Development Corporation (DBEDC), responsible for the Quincy Street Corridor revitalization, has recently been certified by the United States Small Business Administration (SBA) to administer the SBA 504 loan program. This program, funded by the federal government, is an economic development program that administers loans as well as other forms of financing […]
Loews Hotels & Resorts will be buying the Back Bay Hotel located on the corner of Berkeley and Stuart Streets. The hotel, which is owned by the Doyle Collection, is a historic building within the Boston community. The property was built in the 1920s and has undergone a few renovations since its inception. This upcoming acquisition will […]
Rental rates are up 6.4% year-over-year in 2012, reports Trulia. The median monthly rent for Boston is now a steep $2,400. Most brokers expect an increase in demand during the early months of the calendar year due to lease expirations from the previous year. However, there is some relief for individuals looking to lease a […]
