Real Estate Industry News

The company wants to develop 14 acres into a “health and wellness district” that includes a new headquarters, a track and field center, restaurants, and a hockey rink.

Bank of America, the region’s largest bank, is considering selling its landmark skyscraper in Boston’s financial district, the latest in a string of moves to streamline its operations and raise capital. The reddish brown 37-floor office tower at 100 Federal Street, known for its distinctive bulge above its base, is one of the tallest building in Boston.

National Development yesterday launched a new plan to replace the former South End headquarters of the Boston Herald with a mixed-use project with 475 apartments, a grocery store and restaurants. Four new buildings on the site will range between five and nine stories, with each designed to bring its own modern flair to the neighborhood.

Underperforming money managers are losing their most reliable scapegoat. Since the 2008 financial crisis, the nation's professional stock-pickers -- who manage billions for pension funds, endowments and wealthy families -- have said stocks were too stuck-together to build smart, market-beating portfolios.

The European Union is bracing for another potential energy crisis in the dead of winter as Russian gas supplies to some member states have suddenly dwindled by up to 30 percent.