By: Gary Kerr The Commercial Triangle district in Everett, Massachusetts, provides a case study in putting a strategic vision into action. Municipal leaders are continually seeking to improve their communities by bringing in private-sector investment, which catalyzes growth and opportunity. But how can a municipality attract the right kind of investment? Welcome to Everett Located just […]
By Richard Berger Operational costs for apartment companies grew by 8.6 percent on average year-over-year in the second quarter of 2023, according to a new report from Marcus & Millichap. Effective rents rose at nearly twice the pace of expenses during the yearlong period ending in June 2022, but those trends inverted over the following […]
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 Bendix Anderson Apartment developers are finding ways to pay for new construction projects–without using loans from traditional banks. For years, multifamily developers have relied on large, short-term loans from banks to finance the construction of new apartment buildings. But rising interest rates and a string of banks failures—most prominently Silicon Valley Bank, Signature Bank […]
By: Nick Pipitone In 2018, an office lease in Washington, D.C. was brokered by JLL. The deal was rather unextraordinary. It was the type of deal that may have garnered a few headlines here and there, ending up in weekly transaction columns, but nothing that would draw any special interest. But, four years later, what […]
By Rowan Walrath In the 2010s, life sciences developments made up less than 5% of all office construction nationwide. In the last two years alone, such projects have compromised more than one-in-four new projects, according to a new report from commercial real estate software company CommercialEdge. The report, released last week, warns of a possible oversupply on […]
Borrowing costs have risen more than the benchmark Treasury yields they track, pushing up interest rates for buyers By Ben Eisen and Gina Heeb Mortgage rates pushed to a fresh two-decade high this week, making it tougher for the housing market to emerge from its stark slowdown. The average 30-year fixed mortgage came with an interest rate of […]
https://www.bisnow.com/author/miriam-hall-128140 Van Leeuwen Ice Cream co-founder Ben Van Leeuwen joins us for a candid episode, discussing the New York City-based chain’s expansion, how it has handled inflation, and why American consumer habits are perfectly aligned with expensive, high-end ice cream. “In 1980, the average food spend out of home in the U.S. was 20 cents on the dollar. In 2020, […]
By Tréa Lavery The day Dewey Parsons bought Downtown Wine & Spirits in November 1986, his landlord came into his office and ripped the telephone cord out of the wall. Parsons owned a food service business based in Brighton at the time, and was on the phone when the landlord, who was also his mentor in […]
By Andrew Brinker Globe Staff, Massachusetts housing officialson Thursday added to their arsenal of financial penalties for communities that don’t comply with an ambitious new state law to boost housing development near transit stops, while granting them one big compromise that may make it easier to meet its requirements. The new rules threaten towns that avoid rezoning under […]
