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
Payrolls in U.S. Rose 162,000 in March; Unemployment at 9.7%
Bloomberg.com — April 2, 2010
Employment in the U.S. increased in March by the most in three years and the unemployment rate held at 9.7 percent as companies gained confidence the economic recovery will be sustained.
Power plant gets $100m break
The Boston Globe — April 2, 2010
It turns out Liberty Mutual Insurance Co.'s $38.5 million tax break wasn't the largest one approved by a state economic development board on Wednesday after all.
Construction Spending in the U.S. Decreases to Seven-Year Low
Bloomberg.com — April 1, 2010
Construction spending in the U.S. fell in February to the lowest level in more than seven years, signaling this part of the economy remains in a recession.
Real estate market hopeful but wary
The Boston Globe — April 1, 2010
Is the Massachusetts housing market officially in recovery?
South Boston convention hall to get marquee
Boston Herald — April 1, 2010
Conventioneers and passers-by will soon get a better clue as to the goings-on at the Boston Convention & Exhibition Center.
Boston improvement district delayed
Boston Herald — April 1, 2010
Plans to start a business improvement district in downtown Boston have been delayed until next year. But organizers attribute the timetable change to laying careful groundwork rather than a lack of support among property owners.
BJ's Wholesale follows better deal
The Boston Globe — April 1, 2010
Natick's loss is Westborough's gain, as BJ’s Wholesale Club relocates its national headquarters after 25 years.
Health insurance rate hikes rejected
Milford Daily News — April 1, 2010
Gov. Deval Patrick administration regulators on Thursday rejected more than 200 proposed increases to health insurance premiums for small businesses, a slap to insurers who had pleaded with the Division of Insurance to let them set their own prices.
Siemens plans Boston site after signing Cape Wind deal
Boston Business Journal — March 31, 2010
Siemens Energy Inc. is opening a Boston office after inking a deal to provide 130 turbines for the Cape Wind project, the proposal to build America's first offshore wind farm.
Year's First CMBS Deal Arrives
The Wall Street Journal — March 31, 2010
The first commercial-mortgage-bond deal of the year is expected to be marketed to investors this week, according to sources familiar with the transaction.
Colliers Meredith & Grew in the News
Greater Boston Office Vacancy Rates Rise
Banker & Tradesman — April 1, 2010
Net occupied space in Greater Boston's office market shrank by 1.5 million square feet in the first quarter, marking the 7th consecutive quarter of increased vacancy, according to a new report.
Colliers Meredith & Grew Brokers 99,035-Square-Foot Lease between Cambridge Innovation Center and MIT at One Broadway in Cambridge, MA
BostonSF — March 31, 2010
Cambridge Innovation Center (CIC) has recently signed a long-term lease at One Broadway in Cambridge, Mass. The new lease represents an extension of its existing 37,945-square-foot facility and an expansion of 61,090 square feet for a total of 99,035 square feet leased directly from MIT One Broadway LLC. CIC also subleases approximately 40,000 square feet, bringing its total amount of space occupied within One Broadway to 140,000 square feet.
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