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Week In Review
July 12 – 16, 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

Mayor Tom Menino won't back waterfront casino plan
Boston Herald — July 16, 2010
The day after the prospect of a South Boston waterfront casino financed by Las Vegas mogul Stephen Wynn was reported, and without seeing any specific proposal, Hub Mayor Thomas M. Menino said he would not support it.

Everett business park advances
The Boston Globe — July 15, 2010
Everett is tapping a state planning tool to help advance a developer’s vision of a business park with green design features along the Malden River.

State's recovery appears to slow
The Boston Globe — July 15, 2010
The Massachusetts economy showed signs of slowing in June, even as private sector employers added jobs for the sixth consecutive month and the state unemployment rate fell to its lowest level in nine months.

Commercial real estate shows a faint pulse
MSNBC — July 14, 2010
Inside skyscrapers just a short drive from the Atlantic and housing developments overlooking the Pacific, agents and lenders are comparing hopeful hints of rejuvenation to the first wobbly steps following near-death experience.

Downtown tour aims to fill retail vacancies
The Boston Globe — July 14, 2010
Hub officials hope yesterday's tour of Downtown Crossing, the Rose Kennedy Greenway and South Boston waterfront will help fill vacant spaces with the right kinds of retailers.

Mass. home, condo sales rise 20%
Boston Herald — July 13, 2010
Low mortgage rates and last-minute buyers taking advantage of the $8,000 home buyer tax-credit-fueled sales in June as the region's housing market continued double-digit increases.

Hub Rent Market Bucks Trend, Show Q2 Spike
Banker & Tradesman — July 12, 2010
New data from commercial real estate analysis firm Reis shows a spike in rents for the second quarter of the year, with Boston among the top metro areas nationwide seeing increases.

Growth factor
The Boston Globe — July 11, 2010
Genzyme Corp. envisions a near-doubling of its Framingham campus in a major expansion that could have far-reaching ramifications for both the town and the western suburbs.

Long-awaited Green Line extension to Somerville, Medford delayed again
The Boston Globe — July 11, 2010
Somerville and Medford residents waiting to swipe their CharlieCards and ride the Green Line must now wait even longer. State officials disclosed Friday that completion of the project — discussed for decades, put off by a succession of administrations, and planned in earnest for the past five years — will be delayed again, until at least October 2015.

Air base project nears takeoff
Boston Globe — July 10, 2010
After years of delays, the $1.5 billion redevelopment of the shuttered South Weymouth Naval Air Station is taking its first major step forward, with state officials set to break ground on a parkway that will support construction of thousands of homes, offices, retail shops, a golf course, and film studios.

New life at vacant south Shore retail stores
The Patriot Ledger — July 10, 2010
They are the long-shuttered backdrops to South Shore commutes: persistent reminders of the transient nature of retail enterprise and the hurdles to redeveloping certain types of commercial properties.


Colliers Meredith & Grew in the News

Technology Co. Moves HQ To Wilmington
Banker & Tradesman — July 13, 2010
SensAble Technologies, which develops 3D touch-enabled technology, will relocate its headquarters from Woburn to Wilmington's Ballardvale Office Park.

St. James Study Committee Advises Hiring Appraiser, Design Firm
Wellesley Patch — July 12, 2010
On Friday, the newly official St. James Study Committee voted to recommend that selectmen hire Colliers, Meredith and Grew of Boston to appraise the St. James plot and Gale Associates of Weymouth to plan its development.


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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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