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January 21, 2021

A New Short-Term Rental Fight Is Simmering In Boston
[Digital Summit] Do More Business With Boston 2021 Forecast: The Path Forward Jan. 26

A battle over short-term rentals in Boston is brewing, pitting operators, city leaders and community leaders at odds over what some are calling a loophole in recently passed legislation.

Sonder, a San Francisco-based short-term rental provider, was blocked by a zoning board in November from converting a downtown building into what it calls "executive suites." Mayor Martin Walsh and city councilors pushed back against Sonder's proposal, claiming it could hinder goals to increase the city's affordable housing supply.

 

A New Short-Term Rental Fight Is Simmering In Boston

The fight pits community groups and city officials against STR companies, which say executive suites aren't a regulatory workaround, but an attractive and beneficial model for pandemic-era travelers."There are ways to have nightly rentals, it's called a hotel. There is a zoning category for it,” said Ford Cavallari, chairman of…

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The First Developer-In-Chief Led The Nation With A CRE Perspective, For Better Or Worse

Four years ago, when Donald Trump was sworn in as president, the commercial real estate industry was brimming with optimism — one of their own promised to bring pro-business stability and economic prosperity to their multitrillion-dollar industry.

For a while, it seemed like Trump was delivering on that hope: He oversaw one of the strongest economies in U.S. history and implemented policies and programs that sought to reward the very industry that made him a billionaire, a household brand name and the leader of the free world.  

In 2020, that all began to unravel. The country is in the midst of a pandemic that has claimed 400,000 American lives, the economy is in tatters, and the industry that made him is in upheaval as thousands of hotels, shops and offices sit empty.  

The First Developer-In-Chief Led The Nation With A CRE Perspective, For Better Or Worse

Trump’s election represented the first time in American history that a developer not only ascended to the nation’s highest office, but also maintained ownership of his business interests while in power. His real estate background shaped the 45th presidency in a variety of ways, from his frequent trips to Trump-branded properties,…

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How Biden's First Executive Orders Will Impact CRE
 

Newly inaugurated President Joe Biden signed 17 executive orders, memorandums and proclamations on Wednesday afternoon, aiming to set the direction of his administration as well as undo various policies of the previous one. 

Two will have particular ramifications in commercial real estate — the extension of the federal eviction moratorium and the U.S.’ re-entry into the Paris Agreement on Climate Change.

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How Miami Is Recruiting Finance And Tech Firms — And Maybe Elon Musk

MIAMI — South Florida has always had abundant sunshine and no state income tax, but in the past couple of years — and especially with the coronavirus pandemic boosting remote work — the state is on a run, drawing high-profile billionaires, hedge funds, financial firms and tech companies. 

And if social media rumblings are to be believed, Miami could soon lure one of the biggest names in the game. 

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A Letter From Lockdown London: How Real Estate Has Adapted To Survive

LONDON — England entered its third lockdown on 4 January. Regulations say the country must stay at home until 31 March, but lockdown could last even longer.

And yet … despite a lot of frustration and a heap more resignation, London’s property business has carried on. Throughout three lockdowns, and against all expectation, it has not just survived. In some cases it has improved itself and even thrived.

This is the unexpected tale of how it came about, told by three of the people who made it happen. While a third lockdown has been a blow to hopes of a speedy 2021 recovery, the adaptations undertaken by the industry in the first two lockdowns have built in a resilience that is being called upon now in the depths of winter. 

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