Updates in the world of Commercial Real Estate
Millennium Partners announced it has signed a lead tenant for the Burnham Building redevelopment at the former Filene’s department store, this will help fill in a piece of the puzzle for Boston’s Downtown Crossing redevelopment. Arnold Worldwide will take occupancy of 125,000 square feet of office space at the Burnham Building in September 2014. The Burnham Building […]
Recently, the positive change in commercial cap rates could be attributed to the recovery of credit markets. Low cap rates and weak fundamentals have lead many to question the Fed’s low interest rates. These low rates may be excessively raising commercial prices. In a quote from FRBSF, “It’s true that cap rates are at historic […]
I fancy myself quite the tech geek and I am continually looking for new apps to improve my productivity. So I decided to share the ones I love with my readers. Now before I share keep in mind what works for me may not work for you. Simple – Their tag line is “Replace your […]
As the U.S. population grows and space decreases, many property developers
The economy has added 88,000 jobs this March. Due to this increase the unemployment rate has dropped to 7.6%.
Trends in marketing for commercial real estate firms indicate that companies have moved beyond basic social media outlets to reach audiences. In the age of technology, online interaction has become essential. “Our industry has definitely joined in strategically implementing social media into our marketing plans,” said Ilene Jablonski, vice president of marketing of the multi-billion […]
A steady economic recovery in the United States has been bolstering European markets, which continue to face financial turmoil under the pressure of budget cuts. On Tuesday, European stock markets rose despite record high unemployment rates in Eurozone states. The rise is attributed largely to a strong U.S. market, which has recently experienced steady growth. […]
On Monday, Governor Deval Patrick notified cities and towns of their share of a $300 million statewide road repair program. However, in the letter Patrick warned that the program would only progress at that magnitude if additional state revenues were raised. The program, Chapter 90, increases statewide funding to $300 million, a 50% increase from […]
Foreclosure activity in the state of Massachusetts continued to fall this quarter—signaling further economic recovery for the Bay State. The number of foreclosures in Massachusetts has remained under 1,000 for the fourth consecutive month, while petitions signaling the first step of a foreclosure have decreased by 38% year over year. 856 petitions were filed this […]
Mayor of Providence, Angel Taveras, released an action plan for economic development on March 27th, 2013. In an open letter to his constituents, Taveras discusses the economic challenges Providence was faced with when he assumed office in 2011. “Unemployment was too high, private sector investment was too scarce and our housing market continued to suffer […]
