August 27th, 2010
Massachusetts may be adding jobs, but the battered office market is not out of the woods yet.
Just take a look at what is happening out on the I-495 office and innovation belt.
The amount of vacant office space has hit 32 percent along the 495 West corridor – the highest since the start of the Great [...]
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August 27th, 2010
Looks like Bay State lawmakers won’t be heading back to Beacon Hill to take another shot at passing a gambling bill.
Senate President Therese Murray apparently can’t come up with the votes to bring here members back from the beach to do some extra work.
But don’t count out the gambling boosters – and [...]
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August 26th, 2010
I can’t speak to the FBI’s ability to catch crooks.
But when it comes to the job of finding a site to build a new Boston headquarters, the G-men are blowing it.
In a hunt that has gone on almost as long as the search for Whitey, the feds began scouring Boston and its [...]
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August 13th, 2010
Back in the 1980s it was the oil-rich Saudis and Japanese that went on an office tower buying spree, both in the Hub and in other major metro markets.
The 1990s saw the Germans get into the game, with the Irish emerging in the past decade with an appetite for high-rent Newbury Street buildings.
Now the [...]
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August 13th, 2010
Can this guy ever catch a break?
In a development market where getting anything built takes sheer grit and determination, John Rosenthal stands out.
The head of Newton-based housing developer Meredith Management and an anti-gun crusader known for his provocative Turnpike billboards by Fenway Park, Rosenthal doesn’t give up easily.
In fact, Rosenthal has been pushing plans [...]
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July 21st, 2010
The odds still look long right now as the end of the legislative session looms on July 31st. But with hundreds of millions in potential revenue at stake, Beacon Hill is mounting a last-ditch effort to pass a gambling bill.
A legislative conference committee is moving closer to a tentative agreement on the rough outlines of [...]
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July 16th, 2010
Forget about silly talk of Steve Wynn scoping the South Boston waterfront for a casino.
Wynn’s a busy guy of late, having pulled out last fall of a competition to build a racino in Queens and then toying for a short time with the idea of siring a casino in Philadelphia.
But please, before the Southie casino [...]
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July 16th, 2010
I can sum up in two words the trump card Mayor Thomas M. Menino is slapping on the table in his battle to get work moving again on the stalled Filene’s development project – casino gambling.
In my B&T column, I noted back on April 5th that Menino, in his showdown with Vornado and its [...]
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July 14th, 2010
The pressure is mounting on Hub tower developer John Hynes to get work started again on the long-stalled Filene’s project.
Not surprisingly, he would like to ditch his now toxically-controversial partner in the project, New York-based Vornado. If you may recall, the giant real estate investment firm infuriated Mayor Thomas M. Menino when its chief [...]
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July 2nd, 2010
Forget about that old image of the lone developer out there on the frontier, pushing the envelope.
Instead, most builders would much rather follow the pack and let a few impatient pioneers wind up with all the arrows.
Developers like a crowd – just so long as the competition is not across the street.
The result is [...]
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