Tag Archives: naiop

How long can the boom last?

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From Ryan Severino
JLL Chief Economist

I had the distinct pleasure of presenting the economic overview at the recent NAIOP/SIOR Mid-Year Roundup. Here is a recap.

I wasn’t pandering to the audience when I said that Boston is one of the hottest cities in the US. Don’t underestimate this. It’s well documented. It has what I call “gateway status,” and remains the eighth largest metro… Read More

Then, now, next: A look into the Greater Boston real estate landscape

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From Julia Georgules
New England Research Director

In honor of NAIOP’s 15th Annual Bus Tour and this year’s theme of “Then, Now, and Next,” we thought we’d take a look back at Greater Boston to see how much has changed. Across the country and in Boston specifically, 2003 was still the doldrums of the recession. Unemployment was climbing as tech and other employees fled.… Read More

Cambridge: Perched atop the world’s stage and likely to stay there

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From Molly Heath
Executive Vice President, Cambridge

I recently took part in the NAIOP/SIOR End of the Year Commercial Market Review. Following are some of the key takeaways shared at the event.

Cambridge remains one of the strongest markets we track globally. From tech to biotech and pharmaceuticals, tenants are still willing to pay a major rent premium to be part of one of the… Read More

The Brain Train is roaring down the track

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Commercial, residential, and retail development is occurring up and down the Red Line, which was the topic of conversation at the recent NAIOP event held at the Boston Seaport’s new Aloft Hotel.

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Tim Love from design firm Utile set the stage with a look at the demographics driving growth and mentioned that his company is looking at areas beyond either end of the Red… Read More

2015 market “as good as it’s ever been,” but what’s in store for 2016?

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Speaking at a recent NAIOP conference, JLL Capital Markets Managing Director Frank Petz characterized the current market as “heated, with no sign of cooling down.” Among the highlights, current pricing is way above the prior peak in 2007, for both Class A and Class B properties. On top of that, multifamily in particular is having a record year for Boston sales volume, far outpacing its previous high in 2007.

Will there be another condo boom?

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coyne
From Michael Coyne
SVP, Multi-family Capital Markets

The condominium market is heating up again. JLL multifamily expert Mike Coyne, a panelist at NAIOP’s recent program on the condominium capital markets, presented the opportunity and financial trends that will impact our next wave of construction.

“Boston has the highest percentage of young professionals in the country,” Mike said. “Approximately 35% of the population is between… Read More

New normal for Cambridge: Big demand, few options

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Osten_Jon_Color_Casual_smallFrom John Osten
Managing Director, Cambridge Brokerage

It’s no news that the demand for space in Cambridge has been tight for some time now, but the demand just keeps getting stronger. Considering Cambridge is home to one of the youngest, most educated workforces in the country – 41.3 percent of the population of Cambridge is between 20 and 34 years old – companies want to be… Read More

Yesterday’s buildings for today’s tenants

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Last night’s NAIOP Massachusetts Developing Leaders session focused on transforming older commercial office buildings for the demands of today’s tenants. Moderated by JLL’s Bryan Sparkes, the panel featured David Greaney, Founder and President of Synergy Investments, who recently purchased Ten Post Office Square where the event was held. Ten Post Office Square is a prime example of an asset currently going through a transition to modernize a classic building in a great downtown Boston location.

Breaking records

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JLL’s Jess Hughes speaks at NAIOP/SIOR’s Annual Market Forecast

Boston set an all-time high in commercial sales pricing this year. According to Jessica Hughes, who spoke at yesterday’s NAIOP/SIOR Annual Market Forecast, cap rates are at historic lows for core Downtown office buildings. International capital is pouring in from investors like Norges and Oxford.

“I expect office sales to slow… Read More

Skanska raises the bar at NAIOP Gala

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Shawn Hurley with his colleagues from Skanska

Winston Churchill said: “We shape our buildings, thereafter they shape us.”

These words  opened the video honoring Skanska USA at NAIOP’s annual Distinguished Real Estate Awards Gala held last night at the Weston Boston Waterfront Hotel.

Skanska’s Boston Regional Manager Shawn Hurley, who oversees the development of 101 Seaport and Watermark Seaport,… Read More

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