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Boston Business Journal

Friday, August 10, 2012

Ten Hills and Prospect Hill Among 'Hot' Urban Housing Markets, Says Report

The Boston Business Journal ranked the state's most in-demand urban housing markets, and Somerville neighborhoods made the grade.

Somerville's Ten Hills and Prospect Hill neighborhoods are among the most in-demand urban housing markets in Massachusetts, according to Boston Business Journal. The business publication looked at median home values, changes in home values and the percentage of homes selling for a loss to rank the strength of housing markets in urban neighborhoods. In doing so, it discovered "strong momentum" in neighborhoods that "have historically struggled with higher unemployment, crime and foreclosure rates." The Boston Business Journal said this is a "positive sign" that investors and "pioneering buyers" are willing to invest in many communities that were hit hard in the economic downturn. Ten Hills ranked number four on the business newspaper's list…

Friday, May 4, 2012

'Odds Don't Look Good' For Somerville IKEA, Says Boston Biz Journal

An IKEA spokesperson said the Stoughton store "removed the urgency that may have existed in the mid 2000s" to open in Somerville, according to a Boston Business Journal Report on CBS Boston.

Perhaps the writing's been on the wall for a while when it comes to the long-awaited Somerville IKEA, but according to a report from CBS Boston and the Boston Business Journal, "The odds don't look good for a Somerville store." Read and watch the report here. The TV affiliate and newspaper note that IKEA still hasn't made a decision about whether or not to open in Somerville, but that lack of a decision may indicate the project is dead. It points out that IKEA opened just one store in the United States last year, and it opened none in 2010. IKEA, the Swedish flat-pack furniture giant, has been eyeing Somerville as a possible site for a store since the mid 1990s, and it owns land in Assembly Square, but over the years a land-swap deal with …

mplo

9:41 am on Friday, June 15, 2012

Having an IKEA Store her on Somerville, especially in Assembly Square would compound an already-horrific existing traffic problem along I-93. Every city here in the United States, including Stoughton, where there is an IKEA Store has horrible vehicular traffic as a result. I say we don't need it. There are other things more important, such as the correct placing of the Green Line Extension, and …   more ›

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