BOSTON – Leaders of housing advocacy groups today celebrated the Chelsea City Council last night who unanimously voted to pass new zoning to create more homes near transit in line with the MBTA Communities Law. With this vote, all 12 Rapid Transit Communities have met the year-end deadline to adopt new zoning – a historic […]
By Peter Grant Prologis has agreed to pay Blackstone $3.1 billion for a portfolio of U.S. warehouses and distribution properties in a sign that industrial space remains one of the strongest property types in the shaky commercial property sector. The portfolio includes nearly 14 million square feet in about 70 properties in major markets including Atlanta, California, Dallas, south […]
By Erik Sherman Since partway into the pandemic, distress has been a, well, distressing topic. People expected it immediately but then values, prices, and rent growth grew at historically high paces. Then came inflation and, eventually, interest rate jumps that put many properties into a questionable ability to gain refinancing. In a report on May 2023 […]
Photo by: The Boston Globe With vacancy rates as high as 8.0% for industrial properties in the Boston commercial real estate market, many have been searching for a way to keep their businesses out of the red. One of the new innovations as of late is the re-purposing of industrial building’s roofs for solar panel […]
In the first quarter of 2015, the Boston industrial market showed minimal change from Q4 of 2014. The vacancy rate stayed the same in both quarters, at 8.0%; however, that number was down from Q3 of 2014, where the vacancy rate was at 8.3%. The overall vacancy rate for flex and warehouse projects went down, […]
The Boston office market finished the first quarter of 2015 in an overall positive standing. It concluded the quarter with vacancy rates averaging at 9.1%, not a significant change from the previous quarter of 9.2%, however, vacancy rates have been consistently decreasing among all types of office spaces, i.e. Class A, Class b, and Class […]
The commercial real estate retail market has experienced minimal change in the first quarter of 2015. The retail market saw the vacancy rate held at 3.9%; vacancy rates are determined by a “percentage of the total amount of physically vacant space divided by the total amount of existing inventory.” The Boston retail market includes the […]
photo by:http://blog.ucsusa.org/solar-power-blooms-across-the-country-121 As the world is pushing for more ecologically-friendly energy sources, the people of Boston are responding by increasing clean, renewable, and sustainable energy sources, such as solar energy panels. Solar energy panels work because of the photo-voltaic process, which is a chemical phenomenon that occurs when an electrical charge, or voltage, is generated […]
photo by: http://www.care2.com/greenliving/a-farm-to-table-restaurant-with-organic-appeal.html Farm-to-table is the new trend, and Boston’s restaurant scene has really picked up on it. From sourcing ingredients from local food vendors and becoming a true part of the neighborhood, farm-to-table restaurants are receiving tremendous success right now. Most of these farm-to-table restaurants have an atmosphere different from any other type of […]
A real estate company in New York is using Google Glass to train their agents. As the company claimed in an interview with Inman News, the work between a client and the agent will be recorded (under the agreement of the client) and monitored in the real time by a manager with the purpose of […]
