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. Let’s call it “The Big Pause” mostly resulting from extended engineering and permitting delays for build-to-suit projects.
The end of the year marks a good time for some necessary and important planning and strategizing when it comes to real estate tax matters due in the new year.
Laws permitting the cultivation and sale of medicinal marijuana in each of the New England states, and the recent enactment of laws regarding recreational marijuana in Massachusetts and Maine (but recently vetoed by the Maine governor), have created great opportunities for owners of industrial real estate in New England.
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. It seems this year there is additional pressure to move projects along.
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.
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