Blackstone Driving Rents Upward in Boston
Blackstone Group is driving office rents upward in Boston. The company has recently signed tenants to leases at $90/sf at One Post Office Square and Rowe’s Wharf, Boston properties that it picked up in its acquisition of Equity Office Properties Trust earlier this year. The rates compare to averages of $62/sf in Boston’s Back Bay area and $56.25/sf in the financial district. Rents in those markets increased 56% and 42% respectively over the past year, and area brokers say that rents of $80/sf and more are becoming more common.

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Instead of Cash

Instead of keeping cash for emergencies in my car/billfold/house, I
keep travelers checks. Most places will accept them in an emergency. Yet,
they are just hard enough to spend that I am not tempted to use them
just because I see something that I want. Plus, they never expire and can
be replaced if lost.
CB

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