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
Federal Realty Books Profit, Announces Boston Deals
Banker & Tradesman — August 5, 2010
Federal Realty Investment Trust has tapped AvalonBay Communities to develop the multifamily housing component of its Assembly Square project in Somerville, and the Maryland-based REIT will lead a $200 million fund to invest in Back Bay properties.
Cambridge City Council clears way for Boston Properties' expansion in Kendall Square
The Cambridge Chronicle — August 5, 2010
In a last-minute deal, the Cambridge City Council amended the zoning restrictions in Kendall Square to make way for an additional 300,000 square feet of space for a new development by Boston Properties.
Developer pitches vision for Fenway
The Boston Globe — August 5, 2010
A Boston developer is planning to build apartments, underground parking, and retail and office space in the Fenway — the latest in a string of proposals to revitalize the neighborhood.
Genzyme’s in play, and it’s all about price
The Boston Globe — August 3, 2010
Executives at Genzyme Corp. and the French drug maker Sanofi-Aventis SA were locked in negotiations yesterday after Sanofi’s bid to buy the pioneering Cambridge company, which helped to turn the Massachusetts biotechnology industry into a global player.
New approach, new hope for Downtown Crossing
The Boston Globe — August 3, 2010
Boston officials are set to approve the city’s first business improvement district in Downtown Crossing tomorrow, a move that will raise millions of dollars to improve the gritty shopping area and provide a model for cash-strapped districts such as the Rose Fitzgerald Kennedy Greenway.
Beige book on rent revival, bad-loan moves
Boston Business Journal — August 2, 2010
The latest installment of the Federal Reserve's eight-times-a-year survey of economic conditions casually referred to as the Beige Book suggests continuing pressure on commercial rents in Boston — but a likely uptick in capital markets activity as lenders move against delinquent properties.
Texas-based FelCor to buy Fairmont Copley Plaza hotel
Boston Herald — August 2, 2010
FelCor Lodging Trust Inc. announced it has a purchase and sale agreement to buy the 383-room hotel for $98.5 million from an affiliate of Fairmont Hotels & Resorts. Fairmont will continue to manage the property.
Making a run for the money
The Boston Globe — August 1, 2010
A decade ago, Rhode Island’s Economic Development Corp. rented a billboard along Route 95. The copy read, “This is Your Exit,’’ and it directed drivers to a website called Mass-Exodus.com that extolled the virtues of doing business in the Ocean State.
Colliers Meredith & Grew in the News
New England retail in the capital markets context
Real Estate Journal – Retail — August 2, 2010
A discussion of New England Retail in the Capital Markets context, today, needs to break along macro and micro levels. The macro economic view shows our retail market in a positive context, especially in comparison to other parts of the country. The micro view, at the asset level, is quite varied and often binary. However, lender appetite for the better quality retail assets is strong as reflected in current loan terms.
Consultant to review biopark proposals
The Herald News — July 31, 2010
Proposals from Fall River and New Bedford for hosting a University of Massachusetts Dartmouth biomanufacturing facility and related businesses were released Friday and will be reviewed by a consultant hired by the university.
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