Here we are in late May and the commercial sector is hopping along with only retail and office lagging. The Fed announced a 50 basis point increase yesterday (with more to come). The inflation genie is out of the bottle and it is always a guess as to how to get it back in! In this instance, it has been a long
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 to unprecedented lows and tenant office
This has been quite a year thus far! I started my article off last year with the exact same sentiment. Many of the same growth factors and uncertainties from last year are still present now. Despite many economic challenges we are experiencing, including the continued rise of construction costs, th
Sales prices are going bananas. Warehouse listings are seeing bidding wars. Publicly traded companies willing to sign long-term leases at one time were able to use their credit and clout to run the tables when negotiating with landlords, but this is no longer the case. I was joking with a tenant representative
I know those who read this article are aware of the strange times we live. In my 49 years in the real estate business, I have never seen anything like it. The Jimmy Carter years were tough on our industry, long lines at the gas pumps; even or odd license plate determination of the days you could go to the pumps;
On January 24, 2022, the Supreme Judicial Court struck down a contractual limitation of liability provision as void against public policy. In H1 Lincoln, Inc. v. South Washington Street, LLC, et al., the SJC held that contract waiver does not preclude multiple damages under the Massachusetts consumer protection
Westfield, MA With nearly four decades of experience, Greg McIntyre has been elected as a new external member of Tighe & Bond, Inc.’s board of directors. McIntyre had a distinguished career as an executive at CH2M where he served on the board of directors,
We had been on an upward track in the building industry in March 2020 with business doing well, employment was growing, Boston was providing new opportunities and most of us were happy. Yes there were political issues nationwide, housing costs high and unaffordable for many and lots of workers in low paid jobs
Chicopee, MA MassDevelopment has issued a $9.5 million tax-exempt bond on behalf of The Food Bank of Western Massachusetts, Inc., which will use proceeds to build and equip a 63,000 s/f building at 25 Carew St. within the Chicopee River Business Park that will serve as The Food Bank’s new headquarters
COVID forced us to adjust, at horrible cost of over a million American lives and countless others across the globe, and, it’s not over. From the negatives, there are positives. The way we work and live evolved. We adjusted, in some case, creating new paths
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