Madoff was an evil master of financial illusion
By Larry Edelman Globe Columnist,Updated April 14, 2021, 2 hours ago
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âAssume fraud first until genius is proven.â
Thatâs what Harry Markopolos, the Boston accounting sleuth who rang alarm bells about Bernie Madoff long before the New York investorâs Ponzi scheme collapsed in 2008, wrote when he signed a copy of his book about the scandal for his friend Michael Trotsky.
It was 2010, and Trotsky, who had recently taken over as head of the stateâs giant public employee pension fund, understood Markopolosâs adage all too well: When a money managerâs acumen seems to good too be true â Madoff claimed improbably consistent investment returns year after year after year â itâs probably a scam.
Capital Region s biggest commercial real estate deals of the past decade
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Real Estate Rumors: Blackstone, Chelminsky, Prologis
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New lease deal values Seaportâs Innovation and Design Building at $710m
Development giant Related Cos. is taking a 50 percent stake in the massive complex.
By Tim Logan Globe Staff,Updated December 22, 2020, 4:26 p.m.
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The Innovation and Design Building in the Seaport District.David L Ryan/Globe Staff/file
The value of one of the biggest buildings in the Seaport District has skyrocketed, with a new investor planning more upgrades to a space that already has undergone about $200 million in renovations.
An arm of development giant Related Cos. will take a 50 percent stake in the Innovation and Design Building, a vast complex on the far edge of the Seaport that is rapidly becoming a hub for creative office space. The joint venture with Jamestown â another national developer that operates the city-owned building under a long-term lease with the Boston Planning & Development Agency â values the 1.4 million-square-foot complex at $710 million, accordi