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Lumber Prices Fall Back to Around Their Pre-Covid Levels

Lumber Prices Fall Back to Around Their Pre-Covid Levels

Lumber prices have fallen to their lowest level in more than two years, bringing two-by-fours back to what they cost before the pandemic building boom and pointing to a sharp slowdown in construction. Lumber futures ended Tuesday at $429.30 per thousand board feet,...

New Owners Update 980K SF Gateway Project in Somerville

New Owners Update 980K SF Gateway Project in Somerville

A new ownership group is revising plans for a commercial development on the outskirts of Somerville’s Union Square, dropping a 330-room hotel while retaining a pair of office-lab towers. Capital Hall Partners, Spaulding & Slye Investments and Union Square master...

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BANKER & TRADESMAN’S FAST 50

BANKER & TRADESMAN’S FAST 50

CRE Lending Powers Fast Community Bank Growth But as Rates Rise, So Does Caution By Diane McLaughlin Banker & Tradesman Staff Local banks and credit unions have emerged as big winners from the 65 percent year-over-year- growth in commercial mortgage volumes...

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CRE Investment Volume Climbs 10% in Q2

CRE Investment Volume Climbs 10% in Q2

Both gateway and Sun Belt markets recorded strong growth. U.S. commercial real estate investment volume rose 10 percent year-over-year in the second quarter of 2022, to $167 billion, with industrial and logistics investments providing nearly $32 billion of the total...

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CRE Price Growth is Slowing but Still Going

CRE Price Growth is Slowing but Still Going

By Erik Sherman via GlobeSt In science and engineering it’s the difference between what calculus calls the first and second derivatives: how fast something is changing and then the shift in that rate of change. For commercial real estate properties overall, April was...

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Scorching inflation hits 9.1%, highest since 1981

Scorching inflation hits 9.1%, highest since 1981

Consumer Price Index, year-over-year percentage change By Courtenay Brown via Axios  Inflation soared to a fresh four-decade high in June, as prices rose 9.1% from last year — 1.3% from the prior month — the government said on Wednesday. Why it matters: The price...

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Cambria Hotel Boston Somerville opens its doors

Cambria Hotel Boston Somerville opens its doors

Cambria Hotel Boston Somerville has opened its doors. Situated on the Somerville-Cambridge line, it converges with a unique moment in time for Somerville as it experiences a modern-day renaissance, and it adds to the exciting transformation that Somerville’s historic...

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Cambria Hotel Boston Somerville opens its doors

Cambria Hotel Boston Somerville opens its doors

By Boston Real Estate Times  Somerville, MA – Cambria Hotel Boston Somerville has opened its doors. Situated on the Somerville-Cambridge line, it converges with a unique moment in time for Somerville as it experiences a modern-day renaissance, and it adds to the...

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