Updates in the world of Commercial Real Estate
Some were booming before the Covid-19 pandemic hit. Others shot up in popularity arguably because of the pandemic. A few have been slow-but-steady-growth markets for some time. The national housing market slowdown has been one of the headlining stories of 2022, after a spike in mortgage rates in the spring turned the heat off what […]
Boston, MA Breakthrough Properties (Breakthrough), a leading global developer of life sciences real estate, celebrated the completion and grand opening of The 105 by Breakthrough (The 105) in collaboration with CRISPR Therapeutics. The new facility is fully leased to CRISPR Therapeutics and will serve as its new U.S. research & development headquarters. Located in one of […]
As U.S., like the rest of the world, continues to grapple with stubborn inflation (at 8.2 percent in September), there are worries that consumer spending is going to falter and impact industrial owners’ ability to raise rents. Industry insiders, however, say such fears are over-stated. At the moment, industrial real estate fundamentals remain strong and […]
Dell has too many computers. Nike is swimming in summer clothes. And Gap is flooded with basics like T-shirts and shorts. After struggling with product shortages for much of the pandemic, the country’s retailers are now facing the opposite problem: an unprecedented glut of unsold merchandise that’s cutting into profits, derailing holiday plans and threatening […]
WASHINGTON, Sept 26 (Reuters) – U.S. Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping U.S. stocks to currency turbulence abroad, and said their priority remained controlling domestic inflation. “There are interactions there,” Cleveland Fed President Loretta Mester said, noting that financial market volatility can affect investor decisions and the […]
After a slowdown in buyer activity starting in late spring, home price and value drops are being observed more frequently across the U.S. Nowhere are home values declining quicker than in the western United States, though. California cities San Francisco, Los Angeles and Sacramento, as well as Salt Lake City in Utah, saw the biggest […]
Inflation—and rising interest rates—are at the center of the American economic conversation. And for good reason, as the Fed anticipates more increases. Keeping interest rates in historical perspective Inflation is the highest it’s been since the early 1980s. Combined with the volatile swings in data throughout the pandemic, “We’re in uncharted territory,” said Ginger Chambless, […]
GI Partners has acquired Blackstone Science Square, a fully leased lab building in Cambridge, MA on behalf of its Essential Tech + Science Fund. According to GI Partners, Blackstone Science Square offered it the opportunity to acquire a stabilized, highly functional lab building situated in one of the country’s largest life sciences markets. The 77,000-square-foot property […]
Leslie Cohen, one of the best-known female executives in Boston’s commercial real estate industry, is moving from one major local development firm to another. Cohen has joined The Davis Cos. as chief operating officer after spending more than two decades at Samuels & Associates, including the past six years in the COO role. Cohen has […]
By Prashant Gopal October 3, 2022 at 12:01 AM EDTUpdated onOctober 3, 2022 at 8:59 AM EDT Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, mortgage-data provider […]
