My article one year ago for this issue of the NEREJ was titled “The Boston and Cambridge Market is Extremely Strong with No Challenges in Place.” This article will echo my 2016 theme and then provide a case study as a reality check as an indicator of what being in a non-core location can mean.
The first half of 2017 maintained the build-to-suit market velocity of 2016; however, the ability to turn these activities of design, engineering, project pricing, and permitting into revenue has been extremely challenging.
Mark Twain is quoted as saying “October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” As the leaves begin changing, it’s a good time to pause and evaluate the market and the landscape ahead.
As we approach the fall season in the design and construction industry, we see contractors and developers worrying about the winter weather to come. At this time of year we see a rush to get projects in the ground before the cold.
Court-supervised receivership and special mastership proceedings are designed to seek the Court’s intervention to exercise its powers over assets in order to preserve and protect the value of those assets for the benefit of stakeholders.
In this article, we want to clarify that in Massachusetts, phases in a condominium cannot be created on vacant land. A condominium in Massachusetts can be created in phases with trailers on each phase. We find it difficult to believe that little, if anything, has been written about this important subject.
The Auburn Industrial Development Corp. (AIDC) is a 50 year old, family owned and operated real estate development company that owns and leases 500,000 s/f of industrial and commercial property throughout the Greater Auburn, Mass. area.
2017 started off with plenty of uncertainty. There were concerns over the unknown impact of the new administration, potential for tax reforms, the introduction or rollback of regulations, as well as whether commercial real estate markets had peaked. These issues, among others, left many investors on the sidelines at the start of the year.
In today’s retail world, things are not the same. There is a huge shadow hanging across the market brought on by the explosion of online retailing and what it is doing to “bricks and mortar” retailers.
The Rhode Island industrial market has enjoyed robust activity and demand in 2017. Initially, most of the demand for industrial space came from the marijuana cultivation sector. Activity from this sector of the market has waned. Much of the industrial space between 10,000 s/f and 20,000 s/f was absorbed,