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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 [...]



Johnnie Appleseed is gonna kick their asses

From yesterday’s Globe:
Vandals tore up 18 new trees that had been planted last week in a playground in an industrial corner of Roxbury.
A dog walker found the red maples and white swamp oaks this morning lying on the ground at the Clifford Playground. The 4- to 8-foot tall saplings were in a grove of 50 [...]



Herald looks to sell headquarters, consolidate operations

The Washington Post’s Howard Kurtz profiles the Boston Herald in a column in yesterday’s paper.

[The] paper is hurting, its daily circulation having shrunk to 203,000 (compared with 384,000 for the Boston Globe), and just 113,000 on Sunday. [It is] down to a scrappy band of 10 city reporters, beyond those in the features, business and [...]



Menino faces criticism

Sour grapes or spot-on criticism?
From the Globe:
From projects as small as a park playground, to visions as grand as a new City Hall on the South Boston waterfront, [Mayor Thomas] Menino has showered audiences with commitments and promises since his election in 1993. He has delivered on many, but not all …
… Among the [...]





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