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
Shire pays $200m for lab buildings
The Boston Globe — May 28, 2010
Drug maker Shire Pharmaceuticals is buying four buildings in Raytheon’s former Lexington campus along Route 2 for more than $200 million, marking a major move forward for the recovering commercial real estate market.
Unum inks CitySquare agreement
Worcester Business Journal — May 28, 2010
More than a year after it first agreed to lease space in the stalled CitySquare development, disability insurer Unum Group has again committed to the downtown project by signing a lease with CitySquare’s new developer.
Second Jerry Remy’s set for waterfront
Boston Herald — May 28, 2010
A second Hub location for Jerry Remy’s Sports Bar & Grill is in the works for the Seaport District.
National Grid finds electricity over its head
Worcester Telegram & Gazette — May 28, 2010
The Distribution Center, where the state's largest solar-generation facility has been built, Lt. Gov. Timothy P. Murray said yesterday this project brings “tangible action” to the goal of being a clean-energy, green-jobs state.
Boston Hotels See Higher Demand For Lower-Priced Rooms In March
Banker & Tradesman — May 27, 2010
Demand was up but daily rates were down at Boston-area hotels in March compared to a year earlier, a trend expected to continue into the summer, according to a new report from Boston's PKF Consulting.
Landmark Center may grow
Boston Herald — May 27, 2010
Landmark Center is about to become a bigger Boston landmark.
Microsoft to grow in Cambridge
Boston Herald — May 26, 2010
Microsoft Corp. is leaving the suburbs to expand in Cambridge.
Statewide home sales surge again in April
The Patriot Ledger — May 26, 2010
Low interest rates and the generous federal tax credit for first-time buyers lifted home sales activity in the state to its highest levels for the month of April in five years.
Empty Desks May Slow Upturn in Real Estate
The New York Times — May 25, 2010
Despite rosy news about job growth in New York and the prospect of a rebound in commercial real estate, the market’s recovery could be delayed by a large amount of vacant office space that would normally be sublet or otherwise absorbed in a healthy market, new data show.
Fenway, Roxbury projects signaling retail resurgence
The Boston Globe — May 25, 2010
High-profile merchant Target Corp. and natural-foods grocer Whole Foods Market Inc. are eyeing major expansions in the Fenway, while Kohl’s Corp. is considering a smaller version of its discount department store in Roxbury — all signs of a renewed optimism in the Hub retail market.
Bay Colony owner surrendering property
Boston Business Journal — May 21, 2010
The owner of one of Greater Boston’s most desirable office properties is in the process of handing the keys to a lender — a move that has touched off a flurry of activity within the Boston capital markets as other investors consider buying into the deal.
Blackstone Group in talks on General Growth
Crain’s New York Business — May 21, 2010
Blackstone Group LP is in talks to invest with Brookfield Asset Management Inc. in a plan to bring mall owner General Growth Properties Inc. out of bankruptcy, according to two people familiar with the negotiations.
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