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
Mortgage Rates Hit 8-Month High
The Wall Street Journal — April 9, 2010
Rates for 30-year home loans surged this week, rising to the highest level in eight months amid the improving economy and the end of a government push to keep rates low.
Consumers to Aid U.S. Recovery as Employment Grows, Survey Says
Business Week — April 9, 2010
Household purchases probably climbed at a 3 percent annual pace in the first quarter of the year, the best performance since 2007, according to the median estimate of 57 economists surveyed from April 1 to April 8.
Solar deals
Worcester Telegram & Gazette — April 9, 2010
When the sun beats down on John Dick's roof, a barely audible hum emanates from the cool fieldstone basement under his 105-year-old home.
Retail Recovery Hangs on April Sales Proving March Was No Fluke
Bloomberg.com — April 9, 2010
U.S. retail sales this month may show whether a shopping spree in March is here to stay.
Fed keeps eyes out for speculative bubbles
The Boston Globe — April 6, 2010
Federal Reserve officials at their March meeting stressed the need to make sure record-low interest rates don't feed new speculative bubbles in stocks or other assets.
City asks exempt sector for help
The Boston Globe — April 6, 2010
Boston's hospitals, universities, and other tax-exempt nonprofits may be asked to contribute tens of millions of dollars more to city coffers to help pay for basic municipal services such as police and public works.
Congress Street complex hurting for cash
Boston Business Journal — April 5, 2010
The 1.2 million square-foot parking and office complex at One Congress Street is hurting for cash.
Assembly Square footprint unveiled
The Boston Globe — April 5, 2010
Somerville neighborhood activists were happy to hear that their voices have been heard on the Assembly Square development.
A softer City Hall
The Boston Globe — April 4, 2010
Imagine the brutish Boston City Hall with its three-story brick base replaced by glass walls, the lower levels seemingly part of one long open space stretching to Faneuil Hall. Or perhaps it could be paired with a new wing of glass-enclosed shops, or even a new building altogether, adding space and a rooftop garden to brighten its gray facade.
Georgia REIT buys IBM campus in Littleton
Boston Business Journal — April 2, 2010
A Georgia REIT has bought the IBM Corp. campus in Littleton, Mass., for an undisclosed sum, a major deal for a part of the real estate market that has seen few of late.
Colliers Meredith & Grew in the News
Biotech/lab space remains a bright spot amid slump
Boston Business Journal— April 9, 2010
In one of the worst commercial real estate slumps in memory, one segment of the market is exhibiting surprising resilience. Biotech/lab space was the only sector to post positive absorption for 2009 – although a modest 264,000 square feet, according to Colliers Meredith & Grew.
One Brigham May Prove a Valuable Benchmark
Boston Business Journal — April 9, 2010
When Rob Griffin and his team at Cushman & Wakefield scored a big victory by getting about $97 million on behalf of New Boston Fund for the One Brigham Circle complex in February, there was a lot of cheering by folks who also are big competitors of Griffin's operation.
Big changes loom for North Quincy office market
Patriot Ledger — April 3, 2010
Impending decisions by State Street Corp. could change North Quincy's office park landscape and redraw thousands of daily commutes for years to come. Leases on four State Street office buildings expire in 2011, and the company is reviewing its options. The properties in Milton, Quincy and Westwood contain nearly 680,000 square feet of space.
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