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05/25/2018
Apartment Rent Concessions are 'Back With a Vengeance'
It’s the age-old developer’s trade-off. In a market saturated with new apartments, building owners have a decision to make. You can either tolerate higher vacancy rates and hope they don’t last too long. Or, you can offer a month or two of free rent...

05/21/2018
Developers: No Condo Craze in Store in Boston Despite Strong Buyer Interest
Developers included a pair of condo towers totaling 153 units as part of the largescale Ink Block mixed-use development in Boston's South End. Builders in Boston have started to deliver some high-profile condo projects, a property trend mirrored in...

05/18/2018
Cresa Appoints New SVP in Boston
Cresa expanded its brokerage roster in Boston with the addition of Daniel Collins as a senior vice president. Collins comes to Cresa from Colliers International, where he represented a variety of professional tenants including law firms, technology...

05/17/2018
What Would Eliminating Full-Time Airbnbs do for Boston’s Hotel Market?
Rendering of the proposed 1,054-key Omni Boston hotel at 400 Summer St.Credit: Elkus Manfredi Architects As the weather begins to heat up in Boston, so too does the fight between the city officials and Airbnb. Boston Mayor Marty Walsh recently outlined...

05/16/2018
DivcoWest Lines Up CalSTRS Pension Fund to Back $300 Million Core Investment Venture
Lakewood Center I, a current DivcoWest holding in Austin DivcoWest Real Estate Services, the San Francisco-based real estate investment firm headed by Stuart Shiff, has once again teamed up with the California State Teachers’ Retirement System (CalSTRS)...

05/14/2018
First Quarter Performance Shows US Apartment Market Coming Back to Earth
Pictured: Camden North Quarter in Orlando. The 333-unit property sold to Camden Property Trust in February for $80.75 million. Orlando has the highest forecast rent growth in the country, according to CoStar. The high-flying apartment sector, which...

05/14/2018
Normandy Real Estate Partners Recapitalizes 191-Room Hotel Indigo in Suburban Boston
Normandy Real Estate Partners has recapitalized its 191-room Hotel Indigo in suburban Boston with Wellesley Hills, MA-based Mark Development. Normandy Real Estate Partners, of Morristown, NJ, paid a little more than $14.5 million back in 2006 to acquire...

05/11/2018
Co-working in Boston Doesn’t Just Mean WeWork
Co-working has fully arrived in Boston. Co-working tenants lease more than 2.6 million square feet across the metro, with 1.5 million square feet signed since 2016. While giants like WeWork have leased more than 700,000 square feet, many other groups...

05/11/2018
Corporate Housing Shop on the Hunt for Apartments
Reside Worldwide, one of the big managers of corporate housing in the U.S., is set to become a big owner of rental properties. Terry Strongin, executive vice president of Reside Realty Group.The Seattle-based company has hired former Equity 24, LLC...

05/09/2018
The Transit Factor in Amazon's HQ2 Selection Reflects Transportation's Growing Economic Development Clout
Pictured: 101 Main St. in Cambridge, MA, a 341,000-square-foot office property occupied by Amazon.In cities across America, weary locals have long complained that strained transportation networks were failing to keep pace with the rush of new development...

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