By Patrick Clark Property lenders have often been willing to work with borrowers since the pandemic upended commercial real estate. Increasingly, their patience is running out. There were 635 US commercial real estate foreclosures in January, up 17% from the previous month and roughly twice as many as in January 2023, according to a report from Attom. Those figures […]
By Rich Miller, Catarina Saraiva, and Steve Matthews Three top Federal Reserve officials hammered home the message Thursday that the US central bank is still on track to cut interest rates this year — just not anytime soon. Fed Vice Chair Philip Jefferson and Governor Lisa Cook said they’re optimistic inflation is still cooling despite a blip in January, but made clear they want more evidence it’s […]
By John Hilliard WALTHAM — Reggie Clark is 70, but memories of his childhood years at the Walter E. Fernald Developmental Center during the 1960s are painfully clear. He considers himself a survivor of the now-closed state school in Waltham that was the home to generations of people with developmental or physical disabilities. Patients weren’t […]
By Richard Berger Retail is positioned to become the US’ highest occupancy commercial real estte category, according to a new report from Marcus & Millichap. The firm said this long-term forecast is bolstered by a consumer base that is expected to grow by more than 4.8 million households from 2024 to 2028, notably eclipsing the […]
By Greg Ryan Boston-based Rafi Properties has withdrawn a zoning proposal that would enable the firm to build taller at its Somernova business campus in Somerville, with plans to refile the measure this spring after more discussions with local officials and residents. Last year, Rafi proposed replacing Somernova’s low-slung structures with five significantly taller buildings totaling nearly 2 […]
Acton, MA – Bernard Gibbons, Senior Vice President of ABG Commercial Realty, successfully facilitated a 3,500 square foot retail lease for ColorWorks Acquisition LLC at 248-270 Great Rd in Acton, MA. The owner of the property is East Acton Plaza LLC. ColorWorks is a leading provider of paint, wallpaper, and window treatments for both residential […]
By Lucia Maffei Needham-based Tripadvisor Inc. is ready to evaluate takeover proposals. The travel metasearch firm (Nasdaq: TRIP) said Monday that independent directors of its board have formed a special committee “to evaluate any proposals that may be brought forward for a potential transaction, and any alternatives thereto, with regard to Tripadvisor.” TripAdvisor”s shares jumped 14% […]
By Erik Sherman When do you know that a CRE market in a slump has hit bottom? Here’s the answer you get from Steven Jason, managing principle of EOS Real Estate and Financial Advisory: “The simple answer is nobody knows, and you don’t know until you’re past it and can see it in hindsight,” he tells […]
By Jeanna Smialek Federal Reserve officials held interest rates at their highest level in more than two decades at their first meeting of 2024 and hinted that their next move will be to lower borrowing costs — even as policymakers made clear they are not yet ready to make that cut. Jerome H. Powell, the […]
by Carol Todreas Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars. Since then and particularly now with the abundance of retail on the internet, physical […]
