Welcome back y’all!! I have been on my toes, twirling around Boston on a hunt for the best real estate stories from the past week. I found some interesting things, I must say- so grab your eye glasses and get your clicking fingers ready. Johnny Depp may not be quite the pirate, after all he did buy his ex-wife a house. And for all you New Balance lovers, Brighton is on its way to a huge development- and new T stop! (less walking for the lazy people like me… or maybe I should just quit wearing heels?) So read on friends! This is your real estate roundup, posted weekly just for you. Okay, now I’m sucking up… but really, you’re welcome.
Boston officials approve Filene’s project in Downtown Crossing
“After a four-year work stoppage, the star-crossed Filene’s redevelopment is finally poised to move forward.”
Read More Here (or contact Charlesgate’s Leasing Specialist Derek Shooster for more information. He has been attending the meetings.)
Mayor Menino Announces More New Projects Moving Forward
“Approved projects will create 2,405 new construction jobs and is more than $879 million in private investment in the City of Boston”
New Balance gets final OK to build $500m Brighton development
“The city’s redevelopment board gave final approval Thursday to New Balance’s $500 million development plan for Brighton, clearing the way for the project to break ground as soon as this fall.”
Card-linked tech startup Linkable Networks raises $3.2M
Days after announcing a partnership with MasterCard, Boston-based Linkable Networks Inc. has raised $3.2 million out of a $5 million round of equity, according to a federal filing.
Smaller developments in South Boston bloom
“The multi-million development projects get all the press. But there are a handful of other smaller deals in South Boston that have gone almost unnoticed.”
North End Neighborhood Drama: DiNunzio Pleads Guilty to Extorting Strip Clubs
“After his arrest at the Gemini Social Club on Endicott Street in the North End last April, Anthony DiNunzio, acting boss of the New England La Cosa Nostra, pleaded guilty on Thursday in a Providence court.”
Obama’s Housing Recovery?
“The housing market is better off today than it was four years ago.”
“When it comes to breakups and sharing the treasure, Johnny Depp is no pirate. According to the New York Daily News, the 49-year-old Depp has made real good on his good-guy image by purchasing a Hollywood Hills home for his former partner, Vanessa Paradis.”
Foreclosure Sales Fall, Lenders Favoring Shortsales
“The decline reflects a thinner slate of properties for sale in many cities as banks take a measured approach to placing homes on the market.”
Case-Shiller: Home prices rose in June in all 20 cities
“The increase is the latest evidence of a nascent recovery in the housing market.”
What the LIBOR Scandal Means For Real Estate
“British investment bank Barclays PLC announced a surprise settlement with agencies from the United States and Europe and admitted that, for years, it had been reporting false information to the British Bankers’ Association”
Jones Lang LaSalle Approved as Freddie Mac Seller/Servicer in Texas
“Jones Lang LaSalle has been approved as a Multifamily Program Plus seller/servicer in the state of Texas. The approval will help the firm grow its relationship with Freddie Mac, as part of a group of 24 multifamily lenders across the nation…”
