Paying Boston’s Sky-High Rent Price: Housing at $2,000 a Month Across Massachusetts

If you’re a resident of Massachusetts, you’re certainly no stranger to rent prices that are, well, wicked high. You also aren’t going to be too surprised to hear that rent is continuing to rise . . . and rise, and rise some more. As of early 2016, the average per-person rent in Boston—a city of 655,884...

As Housing Booms in MA, Residents Push for Even More Construction

August 2015 marked the third straight month of increased housing sales in Massachusetts. This continued spike has lawmakers worried about the availability of affordable housing in the commonwealth—housing units are being swooped up faster than they are being built. The goal is to make sure that, as MA...

Rolling Out the Welcome Mat for Artists in Central Massachusetts

Massachusetts is known as a place of innovation and achievement in fields such as technology, medicine and manufacturing. It is also home to a vibrant community of artists practicing a broad spectrum of creative disciplines. But these painters, sculptors, performance artists and countless other...

Will the MBTA Cause the Demise of 2024 Boston Olympics?

At a Suffolk University panel convened in Boston on March 17th, there was a discussion regarding two closely related subjects: improved infrastructure and the possibility of hosting the world’s Olympic Summer games in 2024. This past December, Boston Mayor Marty Walsh said that the Olympics...

Study Says a Carefully Planned Boston Olympics Could Bring in Billions

As Boston prepares its bid for the 2024 Summer Olympic Games, supporters and detractors have come out of the woodwork. However, according to a study done by The Boston Foundation and the UMass Donahue Institute, the Olympics could bring up to $4 billion to the state’s economy. According to the study, the...

Quincy Officials See New Project Jumpstarting Downtown Redevelopment

In recent years, the city of Quincy has demonstrated an impressive commitment to its economic growth and revitalization. It was, in fact, the first city in the Commonwealth to receive District Improvement Financing (DIF), a state program that enabled the city to create a district improvement financing zone...

Worcester Chamber to Host Debate of Boston Olympics Bid

The Worcester Regional Chamber of Commerce is about to host a debate discussing the pros and cons of Boston winning its bid to host the 2024 Olympics Games. The debate will be held as two separate functions, and is intended to discuss the possible implications for Worcester should Boston become the host...

Worcester Chamber Looks at Springfield Casinos as Model

  In what could soon become a blueprint for other regions to follow when planning for urban development, the proposed MGM Springfield casino is being set up to embrace its surrounding community rather than shut it out or physically divide it. According to James Murren, Chairman and CEO of MGM Resorts...

Massachusetts a Leader in LEED-certified Construction

For the third consecutive year, the Commonwealth of Massachusetts ranks among the U.S. Green Building Council’s Top 10 in the US. The rankings consider sustainable building design, construction, restoration and rehabilitation and, in terms of square feet per capita, Massachusetts is fifth-best in the...

The End of AstraZeneca in Westborough

The AstraZeneca plant in Westborough has announced it will shut its doors permanently by the end of 2015. This is the final step the company has taken to shut down the plant, having already decreased employee levels there from 800 to just 180.  More employees will be relieved by March, but others will...

Snow Throws Wet Blanket on Economy

Starting in late January, Massachusetts has been battered by major snowstorms that have blocked roads, buried parking spaces, and caused widespread power outages. MBTA service has been limited, and even shut down in places. Snow and ice continues to block roads, keeping people away from shops and...

Medical Device Manufacturer Moves to Worcester

Cogmedix, a wholly owned subsidiary of Westborough-based Coghlin Companies Inc., recently announced the relocation of its world headquarters to 17 Briden Street in Worcester.  The medical device engineering and manufacturing services provider has become quite a success story in an increasingly important...

Home Sales End Year on Upswing

December 2014 marked the end of a better year for home and condominium sales. The market came back with both more sales and higher prices. December marked a long uphill climb of nearly two years of returning sales, with a continuing upswing over the past twenty-two months. Due to a lack of available...

Great Wolf Water Park May Lose $17M in Tax Incentives

The possibility of rescinding a $17.2 million tax incentive package on a deal with Great Wolf Resorts is now being considered by Massachusetts’ Economic Assistance Coordinating Council (EACC) after it was discovered that the company selected subcontractors who didn’t use union labor for their water...

Is MA Real Estate Market Rebounding?

With prices stabilized and interest rates under 4.25 percent, buyers appear confident in the Massachusetts housing market. According to the Massachusetts Association of Realtors (MAR), pending sales of both single-family homes and condominiums continued rising in September. The MAR noted a 22 percent...

Improvements to South Station Could Boost Framingham/Worcester Rail

According to Massachusetts Transportation Secretary Richard Davey, Boston’s South Station is “becoming a choke point in the system and an obstacle to expanded service.” Davey placed a request with lawmakers on October 9 asking them for help with negotiating a deal that has the potential to allow the...

MA Senate Passes $80 Million Spending Bill

An $80 million spending bill was recently approved by the Massachusetts State Senate to end the 2014 fiscal year. The bill will allow select state agencies to spend money from the 2014 fiscal year in the 2015 fiscal year. Five million dollars was also included to reimburse cities for expenditures from...

Needham wins Google’s Annual eCity Award in Massachusetts

This Wednesday Google will honor the the city of Needham, MA with the company’s annual eCity award. In an attempt to identify the “digital capitals” of America, the award (which went to Westborough last year) is meant to recognize the communities with the strongest online business presence in every...

Staples to Close 140 Units – Sign of Trouble Ahead?

As more people enjoy the convenience of online shopping and fewer people are using paper office supplies, Framingham-based office retail giant Staples has announced it’s well on its way to closing 140 stores this year in its effort to save over $500 million within two years. The announcement provides...

Boston’s Real Estate Market – Too Hot for Startups?

As far as commercial real estate markets go, Boston is among the best in the country. According to real estate research firm Reis Inc., the retail-vacancy rate fell 10 basis points in the past three months, and the city is now tied with Austin as the 12th best in the nation. What does this mean for...

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