The Boston Globe has new details about Broadway Partners’ financing troubles stemming from its $1.3 billion shopping spree in 2006, homing in on its highly leveraged purchase of Boston’s John Hancock Tower and a related parking lot, which were part of a Beacon Capital Partners portfolio.
According to The Globe:
"Broadway bid aggressively to Read More
We all know one—that friend or relative who split New York City recently for the common cascade of reasons: high home prices, high rents, high living costs, high noise, high stress, high, high, high.
And when these people exit our five boroughs, they really exit: City Comptroller Bill Thompson’s office analyzed the Census Bureau’s Read More
Carolyn Ryan, most recently a deputy managing editor at the Boston Globe, is staying within the Times Company family: She’s just been named a deputy metro editor for government and politics at the New York Times. Unfortunately, Ms. Ryan’s exit happens at a time when about two dozen Globe staffers have accepted buyouts.
Joe Read More
Move over T: Style!
Despite gloomy buyout news from the Boston Globe in recent weeks, there’s still enough staffers left to launch a new monthly magazine supplement: Fashion Boston.
Today’s release after the jump.
BOSTON–(BUSINESS WIRE)–March 30, 2007–Boston Globe Media today announced the launch of Fashion Boston, a new monthly magazine Read More
Today, The Observer reported that Boston Globe columnist Steve Bailey was expected to be on the oversubscribed list of buyout-seekers.
However, according to an interview with the Boston Phoenix, Mr. Bailey is not leaving the paper.
Mr. Bailey has confirmed to The Observer that he did apply for the buyout, but that he Read More
Broadway Partners is looking for some money-men to help pay for its $5 billion portfolio buy from Beacon Capital Partners, which includes 237 Park Avenue and 100 Wall Street. The Observer reported the purchase last week.
The leading candidates are the usual suspects. Lehman Brothers, Morgan Stanley, RBS Greenwich Capital and Wachovia are all Read More
Closure on Cloture
To the Editor:
I had to laugh out loud when I read Steve Kornacki’s article on the Senate maneuverings over the Iraq War debate [“Republican Senators Deepen a Hole for 2008,” Wise Guys, Feb. 12]. It’s hard to imagine that someone would think to criticize another, when they themselves are completely misinformed Read More
Noam Chomsky’s assistant comments below that there is an illness in the linguist’s family and that’s why he had to run, to make a plane back to Boston. Also I note that Chomsky gave good weight at an earlier event at Columbia the same day. I’m feeling bad about the meanspiritedness of my Read More
When it mercifully comes to a close 24 months from now, the George W. Bush Presidency will be remembered less for its painful policy blunders than its painstakingly directed set-piece iconography. The Bush aesthetic—in which the bullhorn atop 9/11 rubble and the aircraft-carrier landing feature prominently—peaked on Nov. 3, 2004, the afternoon of the post-re-election Read More
Yet another thing wherein New York dominates Boston, a city in Massachusetts on the Charles River–ownership of office buildings in Boston’s financial district.
Fifty-three percent of financial-district buildings are now owned by New York-based landlords, The Wall Street Journal reports. These include One Federal Street, bought by Tishman Speyer last year, and the Read More