A Banker & Tradesman Blog
You know the saying that doing the same thing over and over again and expecting different results is the definition of insanity? Well, our state government’s long string of spectacular failures trying over and over again to cash in on potentially valuable Boston development sites also serves as a pretty good definition of sheer stupidity.
Mystery sleuths out there, here’s one for you: Just how does the Massachusetts real market continue to function when the already record low number of homes for sale keeps going even lower? Every time it looks like the number of listings couldn’t possibly drop again, it does
There’s a big reason why public construction projects so often wind up blowing budgets, and it’s one that is so obvious it’s amazing it never really gets debated: Really bad timing.
Pop psychology quiz: What words come to mind when I say the phrase, “new apartment construction in the suburbs?”
Pot smokers and budding weed entrepreneurs are clearly still high as a kite over their big victory last November when voters passed a statewide referendum legalizing marijuana.
The blame for Greater Boston’s never-ending housing crisis, which has jacked up sale prices and rents to obscene levels, can’t be blamed on any one city or town. Decades of onerous zoning policies and NIMBY attitudes have left buyers tearing out their hair a market starved for new homes and new listings.
Boston still has some of the highest, most crushing apartment rents in the nation. But there are signs that years of efforts by City Hall to boost construction of new housing may finally be paying off. While the cost of living in one of the city’s newest towers continues to soar, rents in older buildings across Boston fell 4 percent in 2016, according to a new report due out soon from the Department of Neighborhood Development.
All the hand-wringing over whether Millennium Partners proposed $1 billion tower will cast a few shadows over Boston Common from its Financial District perch a quarter mile away is just a classic NIMBY tempest in a teapot.
Las Vegas casino tycoon Steve Wynn is certainly learning the hard way about the perils of developing a mega project in Massachusetts. The latest lesson? Old lawsuits are like zombies
As we head into the spring market, all signs would appear to be point up, up and away, with home sales hitting new records and Wall Street turbo-charged by fanciful visions of massive Trumpian tax cuts, a military spending spree and a trillion dollars pumped into roads, bridges and airports.
Redevelopment of the 161-acre Suffolk Downs racetrack property on the East Boston-Revere border could be imminent with a possible sale to a well-known Boston developer.
Massachusetts is the best state in the country? You’ve got to be kidding me. In a prime example of some first-class hogwash, good old U.S. News & World Report – or as the wags have long called it, U.S. News & World Distort – is promoting yet another ridiculous list, this one of the nation’s best states, if such a thing can really be ranked.
Boston’s skyline is attracting record sums as real estate investors from around the world throw around massive amounts of money to snap up the city’s top office towers.
After years of barely hanging on, some of New England’s oldest and largest racetracks are hurtling towards a date with development destiny.
Workplace safety watchdog OSHA has long been the federal agency that businesspeople have loved to gripe about, especially in the construction business.
There only thing that Massachusetts voters are more fed up about than soaring home prices and rents is the rising cost of health care – and not by much.
It’s time to say good riddance to the state’s silly shadow law.
The aim of a pair of arcane and quixotic 1990 statutes – technically two separate laws, one for Boston Common, the other for the Public Garden – are to protect the crown jewels of the city’s park system from the shadows that would be cast by new towers.
What with all the opulent new dorms and hefty presidential pay packages, the ivory towers of Massachusetts’ higher education world would seem to be doing just dandy. But in fact, while they are hardly in danger of going broke, these are actually challenging times for the area’s colleges and universities.
With construction cranes lining the highway and office rents headed up, Route 128 is on the rise again as we head into 2017. But if it ever hopes to recapture its glory days as “America’s Technology Highway” and be mentioned as
You’d think Las Vegas billionaire Steve Wynn wanted to level Coolidge Corner and install a giant casino from the overwrought letters and comments that have lately poured into the local papers from some of Brookline’s leading citizens.
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