Office market vacancies from Boston out to MetroWest closed out 2014 at their lowest level since 2001, according to commercial real estate management firm Transwestern.
The incoming Baker administration has tapped a Dorchester community development director and a former member of the Romney administration for posts within the Office of Housing and Community Development.
Real Deals highlights recent commercial property transactions in Central Massachusetts. Commercial real estate firms that want to submit information on transactions can send it to editorial@wbjournal.com, or fax it to 508-755-8860.
The U.S. Census Bureau has reported that construction spending across the country declined 0.3 percent in November, after having gained 1.2 percent in October.
The Higgins Armory building was sold last week to a New Hampshire developer who has a track record of restoring historic properties, such as the Pawtucket Armory in Rhode Island.
Foreclosure activity in Massachusetts jumped in November as foreclosure petitions, which kick off the foreclosure process, climbed by 150 percent year over year in November, according to a report from The Warren Group.