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Week In Review
June 21 - 25, 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

Textron expanding in Wilmington
Lowell Sun — June 25, 2010
Textron Defense Systems is planning a $75 million upgrade to its facilities on Lowell Street that will include the construction of two engineering and research buildings, which the town hopes will help support manufacturing contracts, as well as the addition of 300 new jobs.

REITs are a surprising bright spot for investors these days
USA Today — June 25, 2010
You could hold a rodeo clown convention in most office buildings these days without disturbing the few workers left inside. So why are real estate investment trusts, which buy and sell commercial property, doing so well?

Walmart and Lowe’s project moves forward despite petitions, outcry
Salem Gazette — June 24, 2010
Plans to expand the existing Walmart on Highland Avenue, and add a Lowe’s Home Improvement store nearby, are progressing despite outcry from some Lynn residents and those looking to preserve the natural integrity of the area.

BRA nixes Lowe’s Brighton store plan
The Boston Globe — June 24, 2010
Boston officials have again rejected a proposal by home improvement giant Lowe’s Cos. to open a store along the Massachusetts Turnpike in Brighton.

BofA to leave One Federal Street
Boston Business Journal — June 23, 2010
Bank of America Corp. confirmed this week it has vacated its 224,000-square-foot space at One Federal St. in Boston well ahead of its Sept. 30 lease expiration

Co. aims to sell Cambridge property after court victory
Boston Herald — June 23, 2010
A developer wants to move fast to sell off the rights to the long-stalled NorthPoint project in East Cambridge, following a key court win that awarded it title to the prime 38 acres along Monsignor O’Brien Highway.

Mass. housing market posts strong May
The Boston Globe — June 22, 2010
Massachusetts home and condominium sales rose sharply in May, lifted by a federal tax credit for home buyers that is being phased out, the Massachusetts Association of Realtors reported this morning.

Reconstruction of Longfellow Bridge to cost $260M
Boston Herald — June 21, 2010
The state is launching a $260 million reconstruction of the historic Longfellow Bridge.

Smoother sailing
The Boston Globe — June 20, 2010
More than a year late, and with a few key pieces still missing, Hingham Shipyard is celebrating the grand opening this week of its new waterfront shopping center after facing several setbacks because of the down economy.

State launches regional process to guide growth
The Boston Globe — June 18, 2010
State Secretary of Housing and Economic Development Gregory Bialecki has announced the launch of a growth planning process for the MetroWest region that state and local officials hope will pave the way for unprecedented infrastructure upgrades and smart development.

CitySquare progress
Worcester Telegram & Gazette — June 15, 2010
A development entity financially backed by Hanover Insurance Group Inc. has completed its purchase of downtown properties that are slated to become part of CitySquare, a proposed development of offices, stores and housing.


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