By Alice Atkins and Sujata Rao-Coverley The Federal Reserve will cut interest rates by 275 basis points next year, nearly four times more than what markets are pricing, strategists at UBS Investment Bank predict. A continued decline in inflation will enable the central bank to start easing policy as soon as March, with rates likely to be cut in the large increments […]
By Alexander Berger, Trevor Hoffmann and Rajinder Saini Amid soaring interest rates and the recent swell in commercial real estate loan workouts, borrowers and lenders alike are increasingly considering an alternative to the traditional and sometimes long and cumbersome foreclosure process: a deed in lieu of foreclosure (often referred to as just a deed in lieu). […]
By Joe Clements CAMBRIDGE—In a mega-$168 million trade that caps off a banner beginning for CBRE/NE’s market-leading multifamily sales team, Heitman Real Estate Capital has changed places with fellow Chicago-based investor Equity Residential as landlord to the Cambridge Park Apartments in this city’s rapidly emerging Alewife district. The 311-unit, first-class asset at 30 CambridgePark Dr. […]
By Jon Chesto Eastern Bank is making a major move to expand its private bankingwith a $528 million deal to acquire Cambridge Trust, while simultaneously selling its insurance business for $510 million to brokerage giant Arthur J. Gallagher & Co. The Boston-based bank’s holding company, Eastern Bankshares, announced both deals after the stock markets closed […]
By Erik Sherman Green Street last month reported that overall smaller sales in various markets were showing greater strength than larger ones. They’ve lost sales volume, but at a much smaller rate than larger properties. Multifamily was one of the two stars of the pandemic in sales, values, and increasing rents. (Industrial was the other.) But how […]
By Greg Ryan With the help of a crowdfunding platform, a Boston-based real estate development firm and its partner have acquired a nearly 12-acre commercial property in Somerville’s Assembly Square for $142.5 million. A joint venture between Cabot Cabot & Forbes and a Cannon Hill Capital Partners fund bought 65-75 Mystic Ave., a site adjacent to […]
by : Austen Hufford A crash in office values could start a doom loop with banks, with falling prices leading to less finance and thus lower prices. Gloomsters think that could spread across the multitrillion-dollar commercial real-estate sector, sucking money out of the economy as banks and institutional investors turn more cautious, James Mackintosh reports. Mori Trust […]
By Ramsey Al-Rikabi Federal Reserve Governor Michelle Bowman said US banks need better supervision rather than higher capital requirements because they could stunt lending and competition, and she repeated her calls for an independent review of recent bank failures. “We need to consider whether examiners have the appropriate tools and support to identify important issues […]
By Andy Medici – Senior Reporter If CEOs want employees back in the office, they need to think beyond productivity alone. That’s according to Annie Dean, vice president of team anywhere at software tool company Atlassian, who said productivity-focused company mandates to bring workers back to the office remain a tough sell to workers who have now […]
By: Emily Fu Hines has completed the demolition phase to commence construction on Chelsea Point, a strategic industrial development site in Chelsea, Massachusetts. Located at 250 Marginal Street, the 146,409-square-foot Class A facility will feature a 36-foot clear height and flexible design for single or multi-tenant uses. Construction is expected to be finished in […]
