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boston real estate blog
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Archive for April, 2008


The Modern offers 2% commission to agents of buyers at auction

The Modern condo development is going to auction on May 18. The auction company, Accelerated Marketing Partners, has announced it will participate with brokers, paying a 2% commission on each closed sale.
So, for those of you who might want assistance in preparing your bid, let me know if I can help.
And, for you smart-asses [...]



Wellington Mgt grows, so does MA economy

Two from the Boston Business Journal.
First, the under-development Russia Wharf has signed up a big tenant.
Wellington Management Co. LLP has inked a deal to occupy 450,000 square feet of space at Russia Wharf, capping one of Boston’s largest lease deals in recent months.
Boston Properties Inc. (NYSE: BXP), which is building a 552,000-square-foot office tower at [...]



Boston: best city in the WORLD!

We’re #1!
CNN has come out with a list of six cities where you might want to consider buying real estate (Boston, in this case, meaning “Greater Boston”, based on the map that accompanies the story):
One of the first places to experience the downturn, Beantown also appears to be among the first to rebound: In the [...]



NO! Globe buyouts shock Boston blog world

Tell me it ain’t so!
From today’s Herald:
Boston Globe sportswriters Jackie MacMullan and Peter May and real estate reporter Thomas Palmer are among the 23 newsroom workers who are leaving the paper as part of a voluntary buyout offer.
The other 23 departing employees include a press room foreman and people who work in the paper’s finance [...]



Boston University apartments will house medical students, on Albany Street

Welcome, college boys! And, girls.
From BU Today:
The Boston University School of Medicine (MED) recently purchased an 86,000-square-foot parcel of land on Albany Street, where someday soon an apartment building for medical students will rise.
“The addition of on-campus housing has been something that the medical school has talked about for decades,” says President Robert [...]



Breaking: Is the US in a recession?

Ha!
Economy grows by only 0.6 percent in first quarter – By Jeannine Aversa, Associated Press
The bruised economy limped through the first quarter of this year at a six-tenths of a percentage point growth rate as housing and credit problems forced people and businesses alike to hunker down.
The country’s economic growth during January through March was [...]



Consumer confidence down, home sales down, nat’l employment down

Care to place a bet on first-quarter GDP, scheduled for release tomorrow?
From Wikipedia:
In macroeconomics, a recession is a decline in a country’s real gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year.
In the US, the judgment of the business-cycle dating committee of the National Bureau of [...]




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