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Recent Real Estate Deals of Note

1/30/2008 01:17:00 PM
Sell Sell Sell. Do it while you can - before we sink into recession. A couple of pretty big deals just took place this past week. The Alexandra Hotel and some clubs on Landsdowne have been sold.

First off, the Alexandra Hotel. You might know it as that burned up/ugly building in the South end on the corner of Mass Ave and Washington Street. The buyers? The Church of Scientology. In an effort to remain PC, I'm going to reserve any personal feelings I have on Scientology - but for those of you that are curious, here's a link to some information about it on wikipedia (here).

The good news is, after almost a decade of just sitting there and decaying, hopefully the new owners will take over and renovate the building so that it's once again habitable. Click (here) to read the Globe article.

Second, Axis and Avalon have been sold by Peter Lyons to the House of Blues. I blogged about the renovations on Landsdowne over six months ago (here). Now the renovations are in full swing but when they're done - the outcome will be a new House of Blues, not the Landsdowne Street Music Hall. Renovations aren't scheduled to be done until the end of the year. Click (here) for the Globe blurb.

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2 Response to "Recent Real Estate Deals of Note"

  1. Anonymous Said,

    I am devastated by the purchase of the Alexandra Hotel. Not only does this mean that yet even more crazy people will frequent this block (and believe me, there are plenty of crazy people around) but this also means that the city will not get any property taxes from them (as they are exempt) and they are sure to want to have a gigantic brainwashing bookstore and recruitment center on the ground floor. There goes any chance for revamping that block. Everyone was hoping for restaurant/retail there. It's a shame.

    Posted on 1/30/08, 5:15 PM

  2. Anonymous Said,

    Cool blog. Glad I found it. If you ever need any content on the downtown market feel free to contact us.

    PS - Did you go to the party @ the liberty for the opening of VC? How was it?

    Posted on 1/30/08, 5:38 PM


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