Jim Lowenstern

Flood Law Update

 The chorus of state and local officials calling on the federal government to do some more homework before implementing new coastal flood zone maps and flood insurance laws now includes Attorney General Martha
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Did the Red Sox Pay Too Little?

 
 
The Boston Redevelopment Authority used dated real estate values to support a back-room deal to sell the Red Sox rights on Yawkey Way and Lansdowne Street -- a ploy designed to ease a sweetheart deal, claims a local watchdog who is questioning the accuracy of the
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Seaport Square Receives Substantial Financing

 
 
Seaport Square, a master-planned neighborhood under construction in South Boston that spans 23 acres of waterfront development, has secured $112 million in refinancing.
 
The six-year loan through Starwood Property Trust was negotiated by HFF on behalf of the borrowers, a venture between Boston Global Investors and Morgan Stanley Real

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Unexpected Demand for Solar Panels Extends Incentive Program

 
 
The deadline for a solar power incentive program in several communities across the state has been extended after unexpected demand for solar panels, state and local agencies
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Boston's Expansion Mode Creates 8,700 Jobs

 

            Greater Boston's development boom is putting more people to work, fueling one of the biggest recoveries in construction jobs in the nation, according to a new report.


 
            The Boston, Cambridge and Quincy metro area has added 8,700 jobs since August 2012, a 16 percent jump that was second only to the 8,900 jobs added

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What Can New Balance Bring to Brighton?

 
 
         New Balance broke ground yesterday on its new world headquarters in Brighton, part of a 14-acre development that city and company officials say could be the start of significant redevelopment in the [...]
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20% of Yelp Reviews Are Fraudulent

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          How many of the Yelp reviews you read would you guess are forged by the companies being reviewed? MarketWatch reports that 20% of Yelp reviews are fraudulent, typically written by freelance writers from the Philippines, Bangladesh and Eastern Europe who receive between $1-10 for each review. New York attorney general Eric [...]
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Offices on the Rise in the Seaport District

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          Shovels were ceremoniously lifted yesterday to mark construction already under way on the first office tower in Seaport Square, one of the largest mixed-used, master plan developments in the nation in one of the fastest growing areas of the [...]
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House Sales in Bay State

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          Massachusetts' real estate market continued to smolder last month as the number of sales and the price of homes continued their steady ascent in a tight market.

 
          Sales of single-family homes climbed 13.8 percent to 5,925 making last month the best August since 2005, according to market tracker The Warren Group.
 
 


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What Will The New Flood Law Bring?

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         A dramatic increase in flood insurance rates under a new federal law and a redrawing of flood lines by the Federal Emergency Management Agency could harm property values and lead to a new spate of foreclosures just as Massachusetts is beginning to recover from the Great Recession, several speakers told a state legislative panel

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Big Condo Projects On The Way

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          For the past year, Bay State homeowners and potential home buyers competed in bidding wars as they targeted a dwindling supply of properties for sale. Massachusetts' housing market rebounded strongly in the first two quarters as the median sale price for single-family homes and condos jumped at double-digit rates and sales [...]
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Expansion on Boston's Waterfront

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     It's taken a few years, but the renaissance East Boston's waterfront is happening.Construction is finally underway on one major residential project and a second is expected to be permitted by year's end. Earlier this year, construction commenced on Portside at Pier One, the $67 million luxury apartment project on the waterfront [...]
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The Cost of Downsizing

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     There's good news if you are nearing retirement and want to downsize. You can sell your home now, and, if you are lucky enough to live in an upscale suburb like a Belmont or a Newton, you might be able to find a buyer within a week or two.The bad news? After selling the big and now empty house you have painfully resolved to say

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