Going ‘green’ is here to stay. The environment in which we live, work, shop and play has forever changed. This has a lasting effect on the way we design and construct buildings. Not just the materials used in construction, but how they are used, how materials are disposed of and how the environment is sustained. [...]

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Boston Area 2009 commercial sales are off by approximately 90% as compared with the market peak. I expect to see more sales activity (not higher prices) only if sellers get more realistic, lenders dump properties on the market, and money sitting on the sidelines decides that  the investment makes sense from a CF prospective or [...]

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Following approximately 1.5 years of construction, Tufts Dental School recently completed its vertical expansion project, adding 5 floors and approximately 95,000 square feet to the downtown Boston location. The new space expands Tufts’ patient clinics, classrooms, offices, and Continuing Education and research facilities. November 20, 2009 marked the dedication and grand opening of the redeveloped [...]

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After gorging on cheap capital and overleveraging in the mid-2000s, the commercial real estate market will hit bottom sometime in 2012. There will be an oncoming tsunami of defaults and foreclosures because of an inability to restructure debt along with declining occupancies and rental income. To date, the government has propped up lenders with huge [...]

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At the annual New England CCIM Chapter meeting in Burlington last week, I had the opportunity to present a discussion on the future of commercial real estate values.  The following executive summary attempts to provide some color to the Commercial Property’s Future presentation (37 KB PDF) that I prepared for the event. I noted that [...]

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I’ve had to rewrite my introductory paragraph three times in an attempt to not sound like a raging Chicken Little, but I must say this succinctly: Commercial real estate, construction, and multifamily properties and projects are in a world of hurt. It is going to get worse. If there is any question as to value [...]

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