I have an Op-Ed column in today’s Globe tracing a commercial real estate foreclosure in Roxbury back to the Dianne Wilkerson scandal. Not the bra-stuffing part, but the (alleged!) $15,000 crooked land deal pay-for-play part.
Read it here. Pony up $1 for the real paper and marvel at that incredible illustration. And check back next Monday for a new column on something else.
Hey everybody here’s some red hot commercial real estate hotness to dry yourself to/peruse while waiting for the MBTA to get un-flooded.
So remember when the Waltham office trophy Bay Colony Corporate Center got foreclosed on because it was worth way less than the debt on it and the landlord got tired of putting money into an underwater property? Yeah, it’s been six months since all that happened, and now it’s happening again.
Also, I’ve got a piece running down the various scenarios for the eminent domain fight over at the Downtown Crossing Memorial Swimming Pool, d/b/a the Filene’s Basement redevelopment project.
Also, Scott breaks down the many ways in which Suffolk Downs will totally destroy its erstwhile casino competition.
You were looking for some good news? Not this week. Next week is not looking great on that front, either.
What you knew was, this KS Partners is losing a whole bunch of square footage. And what we discovered is, it really doesn’t matter. Because the company bought and lost some real estate and came out ahead of the game. Some $52 million ahead, before fees and rents and such. Holy crap, right? Exactly.
Somehow, after two days, countless kegs and a couple thousand attendees burning through the Extreme Beer Fest, the South End is still standing. Minor miracles, etc.
Brewers were challenged to think beyond Double IPA’s and Imperial Stouts this year, and responded by really upping their game. Fruits and nuts were big this year, and the diversity of barrel-aged beers (moving beyond bourbon to wine, oak, steel and brandy) was really impressive.
Here’s my take on the best in show from an incredibly strong lineup of brews. [Read more →]
Greg Selkoe, of Karmaloop.com fame, buys a $4.75M condo at the Clarendon - 2 days ago
Sleeper could be NStar/burned-out hardware store site ticketed for 350 feet of residential. 7 WTC NY an example of tower over pwr substation - 2 days ago
That's right. Nine different people/corps are sitting on the second-biggest Greenway development site. Imagine all will want to get paid too - 2 days ago