January 26, 2023 Jarred Schenke, Bisnow Atlanta Amazon has tapped a Harvard-educated designer with experience in drafting municipal land use policies as its new vice president of worldwide corporate real estate and facilities. Amazon named Shannon Loew to the position previously held by John Schoettler, who will remain with the company, the Austin Business Journal reported. Loew’s hiring comes as […]
By Will Parker Follow and Konrad Putzier Follow Updated Jan. 17, 2023 3:03 pm ET The cost of insuring commercial real-estate loans against a rise in interest rates has exploded over the past year, raising the prospect of a market selloff since many property owners will no longer be able to afford these hedges. About one-third of […]
By Grant Welker – Projects Reporter, Boston Business Journal Jan 27, 2023 A new grocery store in Norwood takes the pandemic trend toward online ordering a step further. At Addie’s on Route 1, the entire 22,000-square-foot store is devoted to employees filling orders to be brought out to the cars of shoppers who ordered online. The timing may […]
Inflation and fast-rising interest rates are taking their toll on commercial real estate transactions in Greater Boston. Real estate investors bought $4.6 billion in commercial properties in the Boston metro area in the third quarter, a 27% decline from the same three-month period in 2021, according to new data from MSCI Real Assets. It’s only […]
Bricks-and-mortar store owners are emerging from the pandemic with surprising strength, posting some of their best numbers in years and plotting expansions as more Americans venture out to buy things again. U.S. retail vacancy fell to 6.1% in the second quarter, the lowest level in at least 15 years, while asking rents for U.S. shopping centers in the […]
via wealthmanagement.com / by Jenn Elliot Mortgage bankers and lenders across the U.S. want real estate owners to know one very important fact: debt is widely available for retail properties after a couple of years of being hard to come by. “People are still trying to figure out if there’s debt for retail properties,” says Tom Melody, […]
by Gary Higgins | via Boston Business Journal Rent will increase at 1.75% for the first 10 years and at between 1.75% and 2.50% over the remainder of the lease. Wynn said it will retain its 13-acre developable land portfolio on the east side of Broadway in Everett, where it plans to build an expansion […]
by Ted Knutson | via The Globe St Climate change may trigger a significant shift in real estate demand, says a new report from the Urban Land Institute and Heitman, a real estate investment management firm. Real estate investors should continue to build their capacity to assess and manage migration-related and broader market-level investment risks […]
by Prashant Gopal | via Bloomberg.com U.S. apartment building sales have jumped to record levels, outpacing all other forms of commercial real estate. Deals totaled $241.9 billion in the 12 months through September, up 27% from the same period in 2019, according to a RealPage Inc. analysis of data from Real Capital Analytics Inc. going back […]
by: Gary Tasman | via NAIOP The COVID-19 pandemic has forced us all to re-evaluate the ways we conduct business, including remote work opportunities, surface sanitization, social distancing, human resources policies and indoor air quality. For those in the commercial leasing business, the concept of force majeure and how it applies to the pandemic is […]
