By Brooke Sutherland and Sri Taylor Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values. Wu has submitted a petition for a temporary increase of the city’s tax-rate ceiling for commercial properties relative to residential levies. The proposal aims to redistribute the tax burden […]
By Richard Berger The lack of affordable insurance options for property owners of all types increasingly puts needed insurance coverage out of reach and limits the ability of property owners to make needed investments in their properties. As a result, this stressed insurance market, stubborn inflationary pressures, and rising interest rates have disrupted transactions and […]
By Greg Ryan Consigli Construction Co. last week topped off a nine-story lab building under development from CV Properties and Cannon Hill Capital Partners in Somerville’s Union Square. Boynton Gateway, as the 336,000-square-foot project located at 495 Columbia St. is known, is one of several lab projects at various stages of development in the neighborhood. Union […]
In May 2022, the Federal Reserve’s Federal Open Markets Committee raised its Federal Funds rate by 50 basis points. In June, the Fed again raised the Federal Funds rate by another 75 basis points. And in mid-July, the Federal Reserve raised rates another 75 basis points. Analysts anticipate that the Fed will continue to raise […]
By Jane Dollinger via Nareit During Nareit’s REITwise: 2022 Law, Accounting & Finance Conference, Nareit spoke with several REIT finance veterans about what they love about the REIT industry and why young finance professionals should pursue a career in real estate. Find their answers below, and follow #REITjobs on LinkedIn to find your next position at a […]
Boston has experienced a recent real estate boom especially in hotbed areas such as Kendall Square. With Massachusetts Institute of Technology situated nearby, the life science and technology markets have exploded within the Cambridge market. This boom has come with a price however, as rent prices for prime space have risen sharply with the decline […]
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 […]
In the past decade, the commercial real estate industry has been going through its ups and downs. From 2000 to 2010, large numbers of commercial real estate companies had been showing up but the industry revenue didn’t catch up with the speed of increasing companies. Then the winter came with the economic recession, busted the […]
