Articles in the Press Release Category
Boston Apartments, Boston Condos, Boston Lifestyle, Boston Lofts, Boston Real Estate, Boston Restaurants, Neighborhoods, Press Release, Super Luxury »
Mmmmm, Millionaires: A recent report by Boston-based research group, the Boston Consulting Group, has found that the global millionaires club has grown by about 14%, with Singapore leading the charge in net gain. “The number of millionaire households increased to 11.2 million, according to the study released yesterday by the Boston-based firm,” reports Alexis Leondis on behalf of Bloomberg Businessweek, “Singapore posted a 35 percent gain, followed by Malaysia, Slovakia and China.”
When the recession struck in full force, circa 2008, the world’s millionaire’s fell to about 9.8 million, a 14% …
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By John Gittelsohn and Peter Woodifield – Bloomberg BusinessWeek
Toll Brothers Buys Land as Quarterly Home Orders Rise
May 26 (Bloomberg) — Toll Brothers Inc., the largest U.S. luxury homebuilder, increased its land holdings for the first time in four years in anticipation of a recovery in the market.
The number of houses under contract but not yet sold rose in the three months ended April 30 for the first time on a year- over-year basis since 2006, the Horsham, Pennsylvania-based company said in an earnings statement today.
“People are not as scared any …
Boston Apartments, Boston Condos, Boston Lifestyle, Boston Lofts, Boston Real Estate, Headline, Neighborhoods, Press Release »
As I was browsing the hundreds of Tweets that had built up in my feed while I was at work yesterday, two adjacent Boston Globe Tweets caught my eye. The first that I read went something like “Survey- What will happen to home sales now that the home buyer tax credit expires?” with a link to a short, one question survey with four responses to choose from (more on those later.) The Tweet directly below that one, also by the Globe, read something like, “New Home Sales Jump 14.8% in …
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Celebrities Spotted in Boston! – When Alex Rodriguez was in town for the Yankees/Red Sox series last week, apparently he flew in, stayed, and “had an incredible time,” with none other than Cameron Diaz, who was in Boston earlier this year on a film shoot. People Magazine reports that the baseball star spent his time off in the rooftop suite of The Liberty Hotel with the movie star, not even leaving for meals. An eyewitness told People, “Instead, they shared lots of room service and had an incredible time together.” …
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The W’s filed for bankruptcy, the foreclosure rate is at a high, and unemployment has gone down all in the midst of what many are calling a “revitalized” real estate market.
This is craziness. Here are the bullets.
What’s The Deal With The W?
As you may well know, one of Boston’s newer luxury hotels and residencies, the internationally recognized W Hotel, has filed for chapter 11 bankruptcy.
The W lies in the heart of the Theater District on Stuart Street and is considered an artistic masterpiece, designed by Bill Rawn, however, many consider …
Boston Apartments, Boston Condos, Boston Lifestyle, Boston Lofts, Boston Real Estate, Headline, Neighborhoods, Press Release »
Press Release by Aaron Pressman:
BOSTON, May 5 (Reuters) – Low interest rates and loose lending policies were not to blame for the nationwide boom and subsequent crash in U.S. home prices over the past decade, according to a new paper by three university researchers released on Wednesday.
Contrary to conventional wisdom blaming the Federal Reserve for keeping rates too low or failing to enforce tighter mortgage standards, the paper blames “faulty expectations” of buyers and lenders who believed home prices would rise indefinitely.
“If economists are going to better understand housing bubbles, …
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Pipe that interrupted Mass. water supply is fixed
By GLEN JOHNSON (AP) – Monday, May 3rd, 2010 @ 8:30am
BOSTON — The region’s drinking water supply could be back to normal in a day or two under a “best-case scenario” outlined by state officials on Monday, leaving in place the order to boil water after a ruptured pipe disrupted the flow of clean water to about 2 million people.
Crews working through the night successfully repaired the 10-foot-wide pipe that broke in suburban Weston on Saturday, prompting Gov. Deval Patrick to declare a …
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Home Sales, Prices on Rise in Northeast
by The Associated Press filed 4:50pm ET April 22nd, 2010
BOSTON (AP) — Sales of existing homes in the Northeast surged nearly 27 percent in March compared to the previous year, continuing to outpace other regions in what promises to be at least a temporary rebound in the housing market.
Median home prices in the Northeast climbed nearly 9 percent to $249,800, also the highest in the nation, as many sellers benefited from reduced inventory and more competition among buyers.
Nationally, sales of previously …
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By THE ASSOCIATED PRESS – April 15th, 2010
Filed at 1:13 p.m. ET
BOSTON (AP) — State officials say the Massachusetts unemployment rate, driven by gains in retail and financial service jobs, fell in March to 9.3 percent, 0.2 percentage points lower than the prior month.
The Executive Office of Labor and Workforce Development reported Thursday that the state added 7,600 jobs in March and 5,700 more people entered the labor force.
The trade, transportation and utilities sector, which includes retail, added 4,300 jobs. Financial services, which includes insurance and real estate, added 1,800 …
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Irish Bank’s ex-CEO Takes Refuge in Cape Cod
David K. Drumm is an aggressive business man; In the 1990’s Drumm was dispatched to Boston by the Anglo Irish Bank with the task of securing commercial loans. His aggressive business strategies lead to his financing of numerous commercial properties around Boston including The Mandarin Oriental Hotel, Fan Pier, 200 State Street, and 265 Franklin Street, and in doing so he became a major player in Boston’s commercial real estate market. Success in Boston sent Drumm back to Dublin in 2005 as the …
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Home and Garden Television, HGTV, is looking for first-time home buyers from the Boston area to star in one of their most popular series’, “My First Place.”
My First Place follows a set of first-time buyers and their real estate agent along the stress-filled, yet exciting, search for the perfect home. It’s a fun, fast-paced show, covering the home search, inspection, financing and closing processes.
One behalf of The Boston Herald, please contact John Keith, manager of The Boston Herald’s real estate blog, Getting Real.
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So Apple launched the iPad, then it was delayed for a while, but now it’s here. What does this mean for the real estate industry? Well, to start, we’ve got apps from the Z’s: Zillow and ZipRealty
The Zillow app is a photo-driven app that puts good use to the multi-touch screen and let’s users search a large map where they can touch to zoom into neighborhoods and cities. Once in a particular neighborhood you can flip through photographs of homes in that area, compare them side by side, and drag …
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In yesterday’s press release The Seaport Hotel of Boston announced that they will be offering their overnight guests complementary charging and valet parking for their electric or hybrid cars through 2010 in honor of Earth Month. This announcement also marks Boston’s first ever car charging station, located at the ever-eco-friendly Seaport.
Boston’s Chief of Environmental and Energy Service, Jim Hunt, had this to say after the announcement, “This is a fitting addition to the Seaport’s growing list of green initiatives it has undertaken since opening its doors. To have businesses in …
Auctions, Beacon Hill, Boston Apartments, Boston Condos, Boston Lifestyle, Boston Lofts, Boston Real Estate, Condominium Design, Fenway, Foreclosures, Headline, Luxury Rentals, Press Release »
Audubon Park Foreclosure Auction – Forty-one of the fifty-three condos along with 22 of the 32 parking space in Audubon Park, a luxury condominium complex in Boston’s Fenway area, will be sent to the auction block on April 28th after its owner, head develepor of 16 Miner Street LLC, Robert Fox, defaulted on a construction mortgage. Located in the Audubon Circle area of Fenway, the development aimed to “pioneer” the location with higher priced condos, an effort that failed in our struggling real estate market according to The Boston Herald.
The …
