It’s been a long week. With the rain, shifting weather temperatures, and yes, even the sick coworker sitting next to you at work, there is no doubt that you had other important things on your mind this week then the hottest real estate stories in Boston. So, now that no one is arguing with me about that, take a few minutes and get your quick real estate fix. From Boston to California, get updated on this past week’s most interesting real estate stories. Learn about outraged North End neighbors, and determine for yourself if you think some of Boston’s smallest movie theaters will make it over their financial speed bumps. I even threw in two celebrity real estate stories – these mansions are unreal, I’m tellin’ ya! Help yourself to these stories and I will be back next week with another Boston real estate roundup.
Boston Real Estate News
Bentley Motors shifting North American sales office from Boston to DC area
“Bentley Motors Inc. will relocate its North American sales office from Boston’s Back Bay to the Herndon, Va. offices of Volkswagen Group of America Inc., the company announced Friday.”
Things are happening’ to launch 176-apartment waterfront project
“East Boston will get action on its underdeveloped waterfront this fall, as the Portside at East Pier project — in the works for more than a decade — appears poised to finally break ground.”
North End visitors respond to restaurant plan near New England Aquarium
The Boston Redevelopment Authority has drafted plans to build a bar/restaurant at the location, prompting several residents to file a legal motion to Massachusetts Superior Court. If you are looking to invest on a restaurant,bar or night club research online to find the best commercial ice maker.
Boston Harbor access fight headed to SJC
“A neighborhood fight to preserve prime public waterfront space at the tip of Boston’s Long Wharf will be heard by the Supreme Judicial Court (SJC) this fall.”
Digital conversion could lower the curtains at small theaters
“Small movie houses could go dark if they can’t raise enough money for expensive projection equipment before a movie industry deadline requires them to go digital next year.”
A Fourth Flour is Headed for Back Bay- filling the spot of the former Hard Rock Cafe
“Chef Joanne Chang-Myers tells Eater that she is opening a fourth location of her wildly popular, smash hit bakery Flour Bakery + Cafe in Back Bay. Chang-Myers says she plans to open a new Flour in the former Hard Rock Cafe space at at 131 Clarendon Street by the end of this year.”
National Real Estate News
Studly Hollywood actor Patrick Dempsey Buys in Malibu
“Mr Dempsey is rumored to have forked over $7,000,000 large for this dreamy house in the land of Malibu.”
Los Angeles City Council votes 12-0 for NFL stadium
” Los Angeles took a major step Friday toward building a downtown stadium to lure an NFL team back to the nation’s second-most populous city, despite questions about how a 72,000-seat venue in the urban core would impact notorious freeway traffic, nearby housing prices and air quality.”
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Facebook commerce a hit for small retailers
“Facebook is becoming prime real estate for small retailers rather than the mega-mall that the big chains had hoped it would be.”
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Christie Brinkley’s Waterfront Mansion For Sale
“American model extraordinaire Christie Brinkley has put her magnificently beautiful water front mansion in the Hamptons up for sale with an asking price of $15,750,000.”
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Mortgage Applications Rose as Rates Hit New Lows
“”Applications for U.S. home mortgages rose last week as interest rates dropped to record lows in the wake of the Federal Reserve’s latest stimulus efforts, data from an industry group showed on Wednesday.”
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Bank of America Escalates Foreclosures After Settlement
“It appears that a key $8.5 billion settlement with large investors is playing a role in pushing many more people into foreclosures.”
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