Updates in the world of Commercial Real Estate
The Back Bay’s skyline may have its newest edition—a 33-story hotel and residential dubbed 40 Trinity Place. The plans for the complex were unveiled Tuesday by prominent real estate developers Trinity Stuart LLC, a local development partnership comprised of Jordan Warshaw, Gary Saunders, and Jeffrey Saunders.. The project will include a 220-room hotel, 142 units […]
Boston’s technology community thrived in the 1980s and 1990s. Tech-startups in the area were unparalleled in the United States and Boston benefited economically from rapid growth within the technology industry. Today, well known venture capitalist Brad Feld believes that Boston is once again effervescent with opportunity. Sponsored by the New England Venture Capital Association, Feld […]
Zynga, a social game provider based in San Francisco, CA, has announced the closure of its Boston office as well as a 5% decrease in its full time work force of 2,900 employees. Reductions are part of a cost-cutting campaign the company has undergone due to recent declines in earnings. The company has also cut […]
Plans for a $172 million expansion of Boston University’s law school tower were approved by the Boston Redevelopment Authority this past Friday. The new building, which will be named after media executive Sumner Redstone who donated $18 million to the project, will start begin this year and is expected to finish in 2015. Also, as […]
Residence who opposed the construction of apartments at the former Home for Little Wanderers in Jamaica Plain were left speechless after the Boston Redevelopment Authority approved the project. Boston Residential Group’s $75 million plan is to demolish the nearly 100-year-old building on South Huntington Avenue and construct a 196-unit apartment complex dubbed Olmsted Place. The […]
Media conglomerate News Corporation (NWS), founded by maintained by Chief Executive Rupert Murdoch, has set its sights on expanding its media empire to include the Los Angeles Times and Chicago Tribune. Tribune Company, owner and operator of the newspapers, is expected to emerge from bankruptcy by the end of the calendar year. In July of […]
A proposal by Mayor Thomas Menino to expand housing inspections in the Boston area has been met with great discern by landlords. The plan, which would cost property owners $3.5 million in just the first year of its implementation, is not favorable for landlords and tenants alike. Due to the fixed nature of available housing […]
On September 1st, 2011 the U.S. Department of Housing & Urban Development announced that it will allocate one of five Choice Neighborhoods Initiative grants to the redevelopment of the Dorchester Quincy Street Corridor.
Residents of Massachusetts can expect an increase in the average property owner’s tax rate by next year. The Department of Revenue has reported that 21 community property tax rates have been approved and all but the towns of Eastham and Alford plan to increase rates on residential and commercial property (Boston Business Journal). The expected […]
Wegmans, a high-end grocery chain based in Rochester, New York, is set to break ground on a new Massachusetts store on October 16th. The family owned grocery chain opened its doors in 1916 and today boasts 78 stores in 5 states and employs over 40,000 people. The new 135,000 square-foot store, located in Northwest Park […]
