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Week In Review
April 28 – May 2, 2008
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.


Colliers Meredith & Grew Real Estate Articles of Note header

Tufts dental school adding 5 floors
Boston Herald — May 2, 2008
The Tufts University School of Dental Medicine stages a “sky-breaking” ceremony today on a five-story addition to its Kneeland Street structure.

Despite GDP Increase, Rents Forecast for Slower Growth
Commercial/Multifamily Finance News — May 1, 2008
Positive gross domestic product growth in the first quarter could avert a possible recession, but high fuel prices, less consumer spending and layoffs in the financial sector will likely lead to a slowdown in rent growth across all commercial real estate properties, based on a forecast from Property & Portfolio Research (PPR), Boston.

Fed cuts key interest rate by a quarter-point
The Boston Globe — May 1, 2008
The Federal Reserve, mixing concern about the feeble economy with worries about rising inflation, reduced short-term interest rates yesterday for the seventh time since September, while signaling a pause in any additional rate cuts for now.

Economy in state outpaces US growth
The Boston Globe — May 1, 2008
The Massachusetts economy expanded at a healthy clip in the first three months of the year despite a national economic slowdown, breaking with the recent past when the state suffered longer and deeper recessions than the rest of the United States.

Wellington inks big lease
Boston Herald — May 1, 2008
In a major boost for the downtown office market, Boston Properties has landed a deal to rent out almost all of its new 31-story tower at Russia Wharf.

Build, Don't Buy
Forbes.com — May 1, 2008
The housing boom made life hard for apartment developer Bryce Blair. The bust is good news for his real estate investment trust, AvalonBay Communities (nyse: AVBPRH), and for long-term investors looking for an opportune time to buy in.

Boston Agency Approves $300M Mixed-Use Research Facility in Medical Enclave
CPN Online — April 30, 2008
Plans for the development of the Longwood Center, a 350,000-square-foot mixed-use research center at the Joslin Diabetes Center in Boston, move forward as the Boston Redevelopment Authority gives the green light to the joint venture behind the $300 million endeavor.

City offers bank $4m tax break to relocate
The Boston Globe — April 30, 2008
Boston officials yesterday proposed giving $4 million of tax breaks to JPMorgan Chase & Co. to persuade the banking giant to relocate from downtown to the fast-growing South Boston waterfront, relying in part on subsidies intended to rehabilitate blighted areas.

Boylston St. Hotel Strikes Chord With Berklee
Banker & Tradesman — April 28, 2008
A hotel near Fenway Park could be the key to Berklee College of Music’s expansion.

Here, density may work
The Boston Globe — April 27, 2008
Nothing captures the conflicts in Chinatown today better than the saga of the old Dainty Dot Hosiery building at 120 Kingston St.

Cruise terminal plan runs aground
The Boston Globe — April 26, 2008
A $300 million-plus plan to modernize and expand the Black Falcon Cruise Terminal for waterborne visitors to Boston has run aground at City Hall.

Suffolk sell-off eyed
Boston Herald — April 26, 2008
As Suffolk University looks to build a new downtown campus away from its long-time Beacon Hill home, some are urging the school to consider selling off its valuable real estate holdings in the historic neighborhood.

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