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
U.S. Added 290,000 Jobs in April
The Wall Street Journal — May 7, 2010
The U.S. economy in April added jobs at the fastest pace in four years, but the unemployment rate unexpectedly rose.
State, city want taxpayers to aid convention hotel
The Boston Globe — May 7, 2010
State and city leaders want to build a 1,000-room hotel next to the Boston Convention and Exhibition Center, a project that will cost up to $700 million and almost certainly require millions of dollars in subsidies and taxpayer-supported loans.
Stocks Slide as Market Rout Triggers Trading-Systems Concern
Bloomberg.com — May 7, 2010
Global stocks and the bonds of debt- laden nations tumbled after Europe’s debt crisis spurred a market rout yesterday that undermined confidence in financial trading mechanisms. Oil slid 2.4 percent to lead commodities lower.
New Appraisal For S. Weymouth Navy Base Too Rich For Developer
Banker & Tradesman — May 5, 2010
The $1.5 billion redevelopment of the former South Weymouth Naval Air Station is back close to where it was more than a year ago - with the Navy and the base's municipal development corporation haggling over the cost of the 836 acres of land the Navy still owns at the site.
State releases $10 million for Assembly Square construction
The Boston Globe — May 4, 2010
The state has issued a $10 million loan to support the first round of infrastructure improvements at Assembly Square in Somerville, Governor Deval Patrick announced on Tuesday.
Stimulus credited with 11,692 Mass. jobs this year
The Boston Globe — May 4, 2010
Federal stimulus money directly funded 11,692 jobs in Massachusetts during the first three months of the year, according to new government data.
Slow road to recovery
Lowell Sun — May 3, 2010
Is it over yet? Has the Great Recession ended?
Officials: OK the Station
The Boston Globe — May 2, 2010
Westwood officials are urging residents to turn up for Town Meeting tomorrow to join the discussions they say could well determine the town’s economic future.
Legacy Place continues to grow
The Boston Globe — April 30, 2010
As the rest of the economy spins its wheels, officials at Legacy Place say the Providence Highway shopping center is surging forward, defying the odds in hard times as it signs new tenants and opens new stores.
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