The following represents articles of interest to the Boston real estate community that appeared in various publications during the week.
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Real Estate Articles of Note
Economy grows at 5.7 pct pace, fastest since 2003
The Boston Globe — January 29, 2010
The economy grew faster than expected at the end of last year, though the engine of that growth -- companies replenishing stockpiles -- is likely to weaken as consumers keep a lid on spending.
More events heading to Hub
The Boston Globe — January 28, 2010
The convention business is booming in Boston, with more events scheduled over the next three years than ever before, according to the Massachusetts Convention Center Authority.
PKF Says Worst of the Hotel Crisis Has Passed, But Weakness Persists
National Real Estate Investor — January 27, 2010
At long last the struggling U.S. lodging industry can see light at the end of the tunnel. While net operating income (NOI) for the typical hotel is projected to fall 5.3% in 2010, that pales by comparison to the record 34.9% drop last year, according to Atlanta-based PKF Hospitality Research.
Housing Momentum Builds but Perils Persist
The Wall Street Journal — January 27, 2010
There's new evidence the housing market is healing after a four-year slump, but the danger of further price drops remains amid persistent job-market weakness, according to The Wall Street Journal's quarterly housing survey.
MetroWest job picture beats state statistics
Metrowest Daily News — Janaury 27, 2010
While Massachusetts was losing jobs, MetroWest was creating new ones.
In praise of ugly buildings
The Boston Globe — January 24, 2010
If you’re like most people, here’s your take on Boston’s mid-century-modern buildings: architectural abominations that stomped into town in the 1950s, ’60s, and ’70s, trampled the delicate brickwork of yesteryear, assumed outsize proportions in the skyline, and today lord their ribbed concrete and geometric eccentricities over the city like barbarians that got through the gate.
Colliers Meredith & Grew in the News
Heritage Trail Winds to AMB Asset
The Real Reporter — January 29, 2010
A burgeoning building supplier intent on capturing the South Shore region has leased 69 Campanelli Dr. from AMB Property Corp., taking down all 36,000 sf to launch the 2010 industrial market campaign with a bang after one of the sector’s worst stretches in memory.
Office And Research Space Remains Available
Worcester Business Journal — January 22, 2010
The vacancy rate for office space in suburban Boston increased from 18.2 percent at the end of 2008 to 21.1 percent in the final quarter of 2009, according to Boston-based commercial real estate broker Colliers Meredith & Grew.
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