If the title examination for a piece of property reveals a tax taking of record, it is always necessary to obtain a redemption from the municipality and file or record it at the registry of deeds. A clean municipal lien certificate is not sufficient to clear a title of a tax taking.
The buzzword for the real estate industry is “location, location, location.” But if you want to prevent or mitigate a potential errors and omissions insurance claim, your refrain should be “document, document, document.”
Catastrophe modeling (also known as CAT modeling) is the process of using computer-assisted calculations to estimate losses that could be sustained due to a catastrophic event such as a flood, hurricane, windstorm or earthquake.
Over the past few years, real estate owners have experienced softer insurance market conditions with favorable rates and coverage terms.
New England commercial real estate activity continued to be a strong performer in 2017 with office vacancies at a pre great recession low, new development continuing throughout the region from the continued transformation of the Seaport area of Boston to the waterfront developments in Portland, ME.
At this time last year the industry looked out at 2017 with a high level of uncertainty. What would be the impact of the new administration? What would tax reforms look like and how quickly could they be implemented? Had property valuations reached their peak?
Here we are in the dead of winter with snow and cold all around us. The smart ones have left for warmer climates but what about the real estate market?
The Greater Portland office market finally surpassed a total market size of 12 million s/f in 2017 in 341 Class A and Class B buildings — due to the addition of several new buildings. Vacancy rates continued to fall for the 8th consecutive year.
2017 was the year of the catastrophic weather and fire event, with three major hurricanes hitting Texas, Florida and the Caribbean, two major fires in California, and an earthquake in Mexico; worldwide catastrophes reached epic proportions.
At the start of each year CBRE/New England presents in Boston its predictions and projections for the year ahead. 25 years ago in 1993, our presentation was at the Harvard Club with 28 attendees. The 1990s were a time of recession, and doom and gloom was everywhere.
