I am a relative babe in the real estate business. And by the term “relative babe” I do not mean to refer to my boyish good looks, charming personality, or other relative babe-like qualities. I mean that I am a “relative babe” in that I started working in the real
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment” to defer paying capital gains taxes if the property owner sells such property, identifies “like kind” property
Here it is, more than halfway through July. Commercial real estate (CRE) markets are scraping by, volumes are down, rates are still up, and there are few transactions. There is no clear trend from quarter to quarter. The most noteworthy part of the summer so far has been a long – but
In the 1950s and 1960s there was a television crime show: Dragnet. Joe Friday the lead detective had a slogan used often in the show: “just the facts ma’am, just the facts.” Unfortunately, the facts for 2024: lower hotel revenues, lower occupancy rates and lower room
Having sat on the board of directors for the Downtown Boston Business Improvement District, we are intimately aware of the social, financial and employee impact the COVID-19 pandemic has had on Boston’s commercial real estate district. Footfall traffic has dropped and tenant office space
The Southern Maine commercial real estate market is fine. Admittedly, that’s a very vanilla descriptor, but it’s accurate. Since COVID, our market, like many, has been going gangbusters with increasing values and demand across all sectors. We had record-setting years in
The industrial real estate market in the 495 Corridor has shown resilience amidst economic fluctuations over the past few years. As we look towards the latter half of 2024 and into 2025, there is growing anticipation that the Federal Reserve may lower interest rates. This potential rate
The New Hampshire office and industrial markets are experiencing significant shifts as we move past the halfway point of 2024. Despite the rising vacancy rates in both markets, some tenants still struggle to find the right space due to amenities, location, or size
An increase in operating costs, supply chain concerns, and the ongoing struggle of maintaining a consistent workforce has caused many owners of food and liquor businesses to consider the possibility of selling. This is certainly why we see so many restaurants, both big and small,
The Rhode Island industrial market continues to exhibit low supply and steady demand. Vacancy rates for industrial space in Rhode Island remain low and in the 3-4% range for “modern” single-story industrial buildings, which is an increase in the recent
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