Commercial Real Estate News

Simon Properties CEO Sees New Round Of REITs

With the debt markets in the doldrums but the equity markets roaring, the national commercial real estate sector may be ready for a new crop of companies going public, according to David Simon head of Simon Property Group Inc, the largest REIT in the country and owner of 15 properties in Massachusetts.

Turnpike Tries Moving Parcel Post-Haste

As the Massachusetts Turnpike Authority limps toward obsolescence, one of its final development decisions – designating a developer for a prime parcel along Boston’s Rose Kennedy Greenway – has become entangled in a political tug-of-war.

Menino Strikes Out

I guess Boston Mayor Thomas Menino prefers that his coronation precede his victory. As an appointed mayor, Menino was never really elected. It takes the Vatican to get a mayor out of Boston’s city hall. The mayor’s self coronation, spread all over the front pages of the city’s newspapers on a recent Sunday and fed to you on a silver palate in his silly driving around Boston video is an embarrassment.

The Teller, Aug. 31

Construction should soon begin on an 84,000-square-foot BJ’s Wholesale Club at 200 Crown Colony Dr. in Quincy after the site of the former printing plant for The Patriot Ledger was recently sold.

USGBC Ratchets Up LEED Guidelines

New guidelines issued today by the U.S. Green Building Council will “step up (the organization’s) commitment to improved building performance” by implementing a comprehensive data collection effort from all buildings that have achieved LEED certification; implementing an appropriate analysis methodology of that data; and providing feedback to building owners.

Menino Outlines Boston Stimulus Benefits In New Progress Report

Six months after the passage of a more than $700 billion federal stimulus package, the City of Boston has benefited to the tune of 1,666 jobs saved or created and a further $162.2 million for a total economic investment of over $334.8 million citywide in 41 “shovel-ready” projects, according to a new report from Mayor Thomas Menino’s office.

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