Reis Reports Q1 2013 Retail Trends written by Kevin Friedman. Here are some significant and noteworthy trends from the Retail sector of commercial real estate in the first quarter of 2013, as explained by Dr. Victor Calanog, VP of Economics and Research at ReisReports. The retail sector, which only began to visibly display signs of healing in 2012, […]
Reis Reports Q1 2013 Industrial Trends written by Kevin Friedman. Here are some significant and noteworthy trends from the Industrial sector of commercial real estate in the first quarter of 2013, as explained by Dr. Victor Calanog, VP of Economics and Research at ReisReports. * Industrial property vacancy rates remained in decline in the first quarter of 2013, […]
In what Boston Business Journal states could be the largest suburban commercial real estate deal of the year, marketing products provider Vistaprint is expecting to sign a long-term lease for a new 300,000-square-foot headquarters in Waltham, Massachusetts within the next couple weeks. The deal is projected to be more than 10 years. The Netherlands-based company is […]
With things looking shaky on the home front, Chinese investors have decided to try their hand in American real estate. Wealthy Chinese are pouring money into commercial and residential properties across the United States, from high-rise condominiums in San Francisco to office towers in Manhattan. Ms. Zhang Xin, the CEO of China’s largest commercial real […]
In less than a week from now, the massive redevelopment project of NorthPoint will take a major step forward. The ceremonial groundbreaking of one of the project’s apartment towers is scheduled for Wednesday May 29th. Located on a 45-acre parcel of land in Cambridge at the edge of the Charles River, the property is expected […]
by Byron Chen In the first quarter of 2013, Boston’s Industrial market has shown marked improvement in several areas when compared with data drawn from 2012. The market ended with an overall vacancy rate of 10% at the end of the quarter, decreasing from 10.4% at the end of the 4th quarter of 2012. The […]
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 […]
Commercial property tax has increased in and around the Boston area. The 2013 numbers are out and communities such as Everett, Framingham, and Holyoke experienced increases in their already sky high rates. Everett’s commercial property rate is much higher than any other city in the area at $43.04 for every $1,000 of assessed property value. […]
In the past years, the commercial real estate market has experienced a multitude of changes in response to poor economic conditions. Tenants, particularly large public firms, have been downsizing to cut costs. Office spaces are changing to accommodate downsizes. For example, non-dedicated offices and flex spaces are being utilized to diminish costs. In addition, Norm […]
One Lincoln Street—better known as the State Street Financial Center—is still on the market. The building was put on the market nearly 20 months ago by New York-based real estate group Fortis Property for $1.15 Billion. Brokers believe the reason why the property has failed to sell is likely due to its price. In addition, […]
