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Week In Review
June 14 - 18, 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

MFS plans move in Back Bay
Boston Herald — June 18, 2010
Mutual fund giant MFS Investment Management has a deal to fill the space vacated by Bain Capital at 111 Huntington Ave., sources said.

Massport OKs $17M buy of Worcester’s airport
Boston Herald — June 18, 2010
The Massport board yesterday approved the purchase of Worcester Regional Airport from the city of Worcester.

State Street renews Quincy lease
Boston Business Journal — June 17, 2010
State Street Corp. has inked a 10-year extension for its 235,000-square-foot lease at 1200 Crown Colony Drive in Quincy, a positive sign that the company’s local presence will remain strong despite recent moves overseas and uncertainty surrounding another of its big leases at a nearby office building in Milton.

Developers seek upper hand in race for casino project
The Boston Globe — June 16, 2010
As state lawmakers weigh legalization of casinos, a developer yesterday outlined plans for a massive gambling hall in Milford, a $600 million resort-style complex with up to 3,000 slot machines, five restaurants, and a 300-room hotel.

Hancock Tower back on market
The Boston Globe — June 15, 2010
After scoring a marquee tenant, the owners of the John Hancock Tower are looking to sell a large stake in the signature Back Bay building to capitalize on surging demand for trophy office properties.

Berkeley sells half of CitySquare parcels
Boston Business Journal — June 15, 2010
Berkeley Investments Inc. has sold approximately half of the development parcels in Worcester’s CitySquare project for $5 million to an affiliate of The Hanover Insurance Group Inc., a move that is expected to clear the way for a new Massachusetts headquarters for Paul Revere Life Insurance Co.

Mass. tops US in retail revival
The Boston Globe — June 14, 2010
Massachusetts is outpacing the rest of the country in attracting businesses to fill large vacant retail spaces, fueling optimism that the state’s economic recovery is gaining momentum.

U.S. Housing Market Recovery Dependent on Jobs Growth, Harvard Report Says
Bloomberg.com — June 14, 2010
Job growth will be the key factor in whether the U.S. real estate market can extend a recovery after the end of the federal homebuyer tax credit, according to a Harvard University study.

Sysco has plans for Lakeville Hospital site
The Boston Globe — June 13, 2010
One of the largest food service companies in the country is moving forward with plans for a $110 million storage and distribution center on the long-neglected Lakeville Hospital property — a project that would provide a welcome boost to the tax base of this rural community of 11,000.

Quincy shipyard owner pursues temporary uses for property
The Patriot Ledger — June 13, 2010
As grand redevelopment plans for the former Fore River Shipyard remain stuck at the dock, auto dealer Daniel Quirk has taken a flexible approach to come up with temporary uses for the property.

Small business loans get big lift
The Boston Globe — June 12, 2010
Massachusetts small businesses, seeing prospects improving, are borrowing more money through government loan programs to expand, hire, and start ventures, providing another sign that the state’s economic recovery is gaining traction.

Stuck in the shadows
The Boston Globe — June 12, 2010
Tomorrow night, raucous crowds of fans whooping in anticipation of another epic Celtics-Lakers clash will throng to the TD Garden. Projection lights will beam the shamrock-and-leprechaun logo and the “Beat LA’’ battle cry onto the building’s massive façade, as green spotlights rove around the exterior.

Faneuil Hall to get new tourist center
The Boston Globe — June 12, 2010
Faneuil Hall’s transition from 18th-century marketplace to 21st-century tourist mecca continues this fall, when construction begins on a new visitors center, displacing the 10 vendors on the ground floor.

Fitch: Boston CRE market well positioned
Boston Business Journal — June 11, 2010
Boston’s strength in the medical and higher-education industries bodes well for its commercial real estate market, as demand for space is expected to rebound in both areas amid an improving economy and the country’s recently passed health-reform law, according to a new report by Fitch Ratings.


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Colliers Meredith & Grew is a Boston-based commercial real estate company with integrated service groups including Brokerage, Capital Markets, Counseling & Valuation, Development & Advisory, Investment Sales, and Property & Asset Management. In addition to representing its core clients in New England, Colliers Meredith & Grew provides national and international real estate services to its multi-market clients as a member of Colliers International and as an owner/member of Strategic Alliance Mortgage LLC (SAM). Colliers International is a worldwide affiliation of independently owned and operated companies in more than 293 offices in 61 countries.

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