“The debtor has demonstrated no ability to mount a fresh sales campaign to rehabilitate its business or otherwise reorganize nor does it have any prospects for such reorganization on the horizon.” Those are the words of Prudential Insurance Co., the main debt holder of the W Boston, and foreshadow their desire to foreclose on the [...]

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Going green, or eco-friendly, is more than just a passing trend in the real estate industry. Rather, it is the wave of the future and Boston condo developers and current owners alike are taking notice. In fact, a growing number of homebuyers are looking for homes with eco-friendly designs and construction. Therefore, if you are [...]

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The Fenway neighborhood has always held a special place in the hearts of Bostonians. The smell of hot dog and peanut vendors, the nostalgia of the run down buildings and worn streets, a stroll on them is almost like taking a page from a history book. However, a local developer has a new vision for [...]

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Recently, the W Boston Condos announced the opening of their on-site sales center that will welcome potential buyers to the newly opened 28-story iconic glass hotel and condo tower in Boston’s Theatre District.  What’s the significance of this?  Potential buyers will no longer need to visit the original sales center located in a low-rise office [...]

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Billionaire Vornado chairman Steven Roth stated he deliberately sat on a blighted Manhattan building to get government funds, putting into question Roth’s real motives behind the Filene’s Basement redevelopment site at One Franklin. [Click Picture Above to Read More]

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“The proposed project is at such wide variance from the applicable state and local permitting requirements currently in force that it simply cannot be constructed as currently designed.’’ That’s the response from Energy and Environmental Affairs Secretary Ian Bowles to Donald J. Chiofaro, founder of The Chiofaro Company, and his plan to redevelopment the parking [...]

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Albeit smaller projects, and slowly, downtown Boston is still seeing the addition of residential condo inventory through new construction and redevelopment.  The Boston W was the last large-scale project to receive financing for construction, and while there has not been additional large-scale projects green-lighted for development in Boston pre-dating the recession, small-scale development is happening [...]

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Earlier this week, in an effort to get ready for the currently planned late October opening of the W Hotel Boston, the Starwood brand hotel held a job fair, or as they call it, talent auditions. The hotel portion of the 235 hotel room and 123 luxury condo development at the corner of Tremont and [...]

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In light of my most recent conversations with various constituencies across the industry, I have identified 5 reasons condo developers should consider an accelerated marketing plan today, versus postponing to a future date. We are still in a declining market. A number of reports just came out today confirming this. To claim otherwise is to [...]

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