BOSTON, MA--(Marketwire - Apr 13, 2012) - After seeing a one percent drop in average asking rent for the Boston metro area at the close of 2011, prices have rebounded, according to data from the Boston RentJuice Rent Index. The analysis today released by RentJuice, which offers lease marketing technology to thousands of real estate property managers and brokers, shows a six percent jump in Beantown's average asking rent and a more modest hop (1%) in price per square foot. Currently, approximately 85 percent of total on-market rental inventory in Boston is being shared via RentJuice's online Continue reading >>>

Friday, April 13, 2012, 11:07am Greater Boston's industrial property market saw 520,000 square feet of positive net absorption in the first quarter, an "upbeat note," according to a Grubb Ellis market report.Buildings constructed since 2002 accounted for 615,000 square feet of positive absorption, while older buildings registered 95,000 square feet of negative absorption.The quarter was the seventh in the Continue reading >>>

Print Email Text Size The Spectacle Blog If you find yourself in New England this weekend and are sympathetic to the aims and objectives of the Tea Party then come on down to Worcester, Massachusetts this Sunday afternoon at 2 p.m. for the Worcester Tea Party Tax Day Rally. I have been invited to speak at this event. The featured speaker is Libertarian Party presidential candidate and former New Mexico Governor Gary Johnson. The Greater Boston Tea Party is also involved with this event and I will be spending some at their table for some chit-chat. For further Continue reading >>>

With thousands of spectators and runners crowding the streets from Hopkinton to Boston each Patriots Day, the Boston Marathon is clearly an economic boon for Massachusetts. But just how much? How about $137.5 million? That's the amount that the Greater Boston Convention Visitor Bureau estimates the annual event is worth to the Greater Boston area in 2012, when almost 27,000 runners will compete in Monday's race, which will also draw a half-million visitors along the 27.5 mile course and beyond. "The spending impact of the 116th Boston Marathon is the equivalent to our region hosting the NCAA Continue reading >>>

By NewsPublished Apr. 13, 2012Updated 23 hours ago comments Tweet Share The Boston Marathon is very good to its host city. Photo: Getty ImagesThe estimated figure should be the second-highest in the marathon’s history. The Boston Marathon is big for many reasons. It’s the oldest annual marathon; it’s got some of the best runners in the world competing. And, it’s also big in terms of money. According to a report on the Milford Daily News’ Web site, the annual event is expected to generate $137.5 million in revenue this year. Were this to happen, the figure would be higher than any Continue reading >>>

BOSTON -- BP gas stations in New England have run out of fuel. The company has taken action to address supply disruptions faced by a number of independent gas station operators in the greater Boston area, the company said in a statement issued late Thursday, by informing regional distributor Green Valley Oil LLC that it will terminate its contract with Green Valley effective April 13. BP announced in late 2009 that it was expanding its retail brand presence in New England through a supply agreement with East Providence, R.I.-based Green Valley Oil. East Meadow, N.Y.-based Getty Petroleum Continue reading >>>

The Red Sox [team stats] are MVPs where it really counts: Most Valuable Philanthropists. The Red Sox Foundation, the charity arm of the team, has invested more than $50 million in all areas, from medical research to education and community service, and is the largest team charity in the major leagues. “The mission is to harness the passion that New England fans have,” said Meg Vaillancourt, executive director of the foundation. Players, managers and the owners are all involved in raising funds and awareness, but many of the wives also play a pivotal role, and said the philanthropy gives Continue reading >>>

Related stories On the Record: Charles Rudnick On the Record: Paul Guzzi On the Record: Jim Klocke (NECN) - It's time again to go on the record again with the Greater Boston Chamber of Commerce.Joining NECN Business for this edition is Greater Boston Chamber of Commerce Vice President Charles Rudnick.Rudnick talks about the Bay State's budget for the 2013 fiscal year, and how the Chamber feels about there not being any tax increases. Rudnick also talks about the sixth anniversary of the signing of Massachusetts' historic health care plan.Watch the attached video for more. Continue reading >>>

When it comes to the cost of housing and transportation, Somerville, it turns out, is one of the more affordable communities in the northern part of Greater Boston. Housing is generally the largest expense anyone has to deal with, but it's not the only factor you should consider when buying a home. Sure, you may find a cheaper home the further you move from Boston, but the transportation costs of getting to and from work everyday offset some of those gains, according to an index compiled by the Center for Neighborhood Technology. The group, funded by the Brookings Institution, developed the Housing Continue reading >>>

Sarah Coffey Financial Reporter - Boston Business Journal Email Sovereign Bank    Sovereign Bank Latest from The Business Journals Follow this company Continue reading >>>