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Week In Review
March 8 – 12, 2010
The following represents articles of interest to the Boston real estate community that appeared in various publications during the week.

Certain news links may require site registration or subscription to access the complete article.


Real Estate Articles of Note

For Boston hotels, a welcome return
The Boston Globe — March 12, 2010
On the heels of a difficult year, Boston-area hotels experienced double-digit growth in January, with occupancy back to 2008 levels.

Another jewel lost in Greenway crown
The Boston Globe — March 12, 2010
Four years after showing off plans for a glitzy $80 million building on the Rose Kennedy Greenway, organizers of the New Center for Arts and Culture have decided to abandon those plans, leaving yet another empty space on the sprawling tract created by the Big Dig.

Retail Sales in U.S. Unexpectedly Rose in February
Bloomberg.com — March 12, 2010
Sales at U.S. retailers unexpectedly climbed in February as shoppers braved blizzards to get to the malls, signaling consumers will contribute more to economic growth.

Columbus Center's plug pulled
The Boston Globe — March 11, 2010
After 13 tortured years, Boston's massive Columbus Center development is officially dead.

Simon unveils about a dozen new stores at the South Shore Plaza
The Patriot Ledger — March 11, 2010
Simon Property Group unwrapped its South Shore Plaza expansion on Wednesday for a crowd of local business leaders, announcing at least a dozen tenants for the new wing to complement long-awaited anchors Nordstrom and Target.

City looks at taking Filene’s property
The Boston Globe — March 10, 2010
Boston officials asserted yesterday that the stalled Filene's redevelopment meets the legal definition of a blighted property, which would allow the city to take control of the Downtown Crossing site and find a new development team that can move the project forward.

REIT Stocks Jump as Investors Bet on Recovery
National Real Estate Investor — March 10, 2010
Despite poor commercial real estate fundamentals, retail and apartment real estate investment trusts (REITs) are enjoying a powerful resurgence. For the 12-month period ending February 28, a key equity REIT index soared 95.19%, outdoing both the Nasdaq and Standard & Poor’s 500 index of stocks, according to a new report.

State agency moving nearly 800 workers from Boston to North Quincy
The Patriot Ledger — March 10, 2010
Nearly 800 state workers will relocate to the HarborSouth tower on Hancock Street later this year, providing a welcome economic boost to the North Quincy neighborhood.

Boston-area employers expect to add jobs
The Boston Globe — March 9, 2010
Hiring in the Boston area is expected to accelerate across several industries over the next few months, according to a survey by Manpower Inc., the national staffing agency.

S&P picks: Why the biotech sector looks healthy
Investment News — March 8, 2010
Standard & Poor's Equity Research recently upgraded its outlook for the biotechnology industry to positive from neutral.

Boston tops major cities in telecommute study
Boston Business Journal — March 8, 2010
Boston is the top U.S. medium-sized or large city for telecommuting, according to a new survey of 3,600 workers in 36 markets.


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