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. Foot traffic has dropped to unprecedented
I caught up with a good friend of mine in the industrial brokerage community who has built an extremely effective practice of selling “rough” industrial buildings, and we enjoyed talking about the trends and “off the record” conversations with buyers
Happy new year! It may only be the end of October, but for commercial mortgage practitioners with loan closings that can take between forty-five to sixty days, it might as well already be year-end. With a few rare exceptions, most new loan requests are likely
Similar to most businesses, the real estate auction market was sent into disarray with the onset of pandemic restrictions on public gatherings, the closure of many municipal offices and the implementation of property foreclosure moratoriums across most states.
Fall comes with many changes to our lives. The leaves change colors, the air turns brisk and crisp and we start thinking about preparations for the coming winter. The building industry seems to change in the fall as well. Gone are the summer vacations when it is spotty to get everyone
It’s possible to generalize that all real estate markets are suffering from a severe demand/supply imbalance. This imbalance has served to drive buyer behavior and prices. It may take years to produce enough product to iron out this imbalance. In the short term, upward
Vermont has led the nation in its pandemic response including some the highest vaccination rates in the country. The aggressive recovery campaign has let Vermonters and tourists alike return to Downtown Burlington and the Church St. Marketplace in droves. The city has been able to host
After 10 years in business, the Cherrytree Group has been fortunate to have been able to grow to a level of strength and stability: recently surpassing $100 million in tax credits placed on behalf its clients. It’s a total team effort — but a key member of our team has been
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 any capital gains taxes if the property owner sells such property, identifies
The Rhode Island multifamily sector continues to show strong signs of growth as reflected in new construction housing developments, higher rents, and extremely low vacancy rates. Providence, in particular, has proven to remain on solid ground as local, regional, and national investor
