BOSTON-The frenzied high-tech real estate market of the past few years may face a correction, according to local experts. Route 128, which has seen rates soar to $50 per sf, will be hardest hit.
BOSTON-Boston Properties appoints a new CFO, Douglas T. Linde, and increases its unsecured line of credit, signaling the company's intention to further increase its portfolio through investments and new construction.
BOSTON-A new plan for the South Boston Waterfront Hotel proposed by developer Joseph Fallon manages to attract financing. The plan includes two apartment buildings next door to the hotel.
WEYMOUTH, MA-EPA has concerns about a proposed commercial development here on a 1,450 acre installation but South Shore Tri Town Development Corp. is not worried. It intends to fulfill all requirements.
BOSTON-Landmark Ltd.'s plan to redevelop the Boston Police Headquarters was killed after city officials became frustrated with the company's inability to pursue financing.
BOSTON-Torto Wheaton Research reports that it sees very little risk in commercial real estate markets. This is in contrast to the FDICs 'reports that listed 13 cities as at risk markets.
BOSTON-Crosstown Associates will remain the majority partner in the Crosstown Center Project, but Corcoran-Jennison Construction now joins it as its new partner. The partners plan to develop a giant mixed-use complex.
NORTHAMPTON, MA-The largest piece of real estate with development potential here is going to be an urban village with a high-tech industrial park, developed in a joint venture by Community Builders and MassDevelopment.
BOSTON-Syms store downtown here is closing because sales did not meet company expectations compared to New York and Chicago stores. The store made it past the first-year mark, but closed before its third.
BOSTON-Duetsche Bank analyst Amy Young gives REIT Boston Properties a strong buy investment rating on its shares based on its development pipeline, quality assets and well-managed balance sheet.