The Boston Herald isn’t alone in selling off its old print and newsroom facilities and moving into leased spaces elsewhere, as the newspaper industry continues it long decline. Other newspapers across the country are also starting to sell their real estate, as they try to extract as much value as possible out of their assets. [...]
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Archive for the 'Boston commercial real estate' category
Considering where the economy was four years ago this month (think: Lehman Brothers, TARP, Too Big Too Fail, etc.), it’s pretty amazing how far the Boston economy has recovered, especially in the construction field. The Globe reports there’s a total of 4.3 million square feet of new commercial and lab space under construction today in [...]
Soon, they say – end of March – the first of five new restaurants will open at Liberty Wharf, the $65 million development on the site of the former Jimmy’s Harborside. The first to open will be a Mexican restaurant, Temazcal Tequila Cantina. It’s not going for your average Tex-Mex fare. On the menu: roast [...]
Again, there’s definitely some light at the end of this long tunnel. The Federal Reserve Bank of Boston’s Beige Book report sums up the regional economy as “generally positive, albeit moderate.” Among the sectors reporting steady though moderate growth: manufacturing, retail and business services. Of course, residential real estate remains “in the doldrums” but commercial [...]
Developer Joseph Fallon is showing the city today his plans for a 15-story mix of retail and commercial space right on Boston Harbor, adjacent to the new Fed courthouse on Fan Pier. The idea is for retails and shops to occupy the bottom floors, and floors two to seven (that’s six floors) to be laboratory [...]
Comparing residential and commercial real estate to each other is like the proverbial apples-to-oranges comparison: They’re not quite the same. But there are similarities between the two that reflect overall market conditions, just as both apples and oranges require water and sunshine to grow. So it’s encouraging to see that the planned sale of the [...]
The Bay Villiage Neighborhood Association appears to support transforming 100 Arlington Street from a charter school into an office tower. The choice was never about housing. It was going to be either a hotel or offices.
Sales of Boston-area commercial properties plummeted 86.5 percent last year, with about $1.35 billion in property changing hands compared to $10 billion in a red-hot 2007, according to the global real estate firm Jones Lang LaSalle.