Rents Zoom Upward In Greater Boston's Industrial Market As 'Supply Crisis' Looms

In a matter of days, the eviction moratorium imposed by the U.S. Centers for Disease Control and Prevention will be lifted, removing what is, in some parts of the country, the only thing standing between thousands of people and homelessness.

“We could actually see people immediately being put out on the street on Aug. 1 with the way that this is working,” National Housing Law Project Director of Litigation Eric Dunn told Bisnow. 

At least some national trade groups for multifamily owners are downplaying the possibility of an eviction wave, including Institute of Real Estate Management President Chip Watts and Paula Cino, vice president of construction, development and land use policy for the National Multifamily Housing Council. Both cited the increased availability of emergency rental assistance from the most recent federal stimulus bills as incentives for landlords to hold off on evictions.

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The Davis Cos. has hired a former collaborator on the Omni Boston Hotel project to lead its internal diversity efforts.  Tanya Mitchell has been named The Davis Cos.’ new director of human resources and DEI initiatives, the company announced…

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Of all the numbers that attested to the meteoric growth of life sciences developer Alexandria Real Estate Equities during its earnings call Tuesday, the publicly traded real estate investment trust's rate of growth may be the most telling, especially in terms of how 2020 and 2021 radically changed its, and the industry it serves, trajectory.  Alexandria…

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CHICAGO — The return of conventions and tourism this summer helped put Chicago’s downtown on the road to recovery. Now with summer concerts and music festivals getting restarted after a long year of cancellations, the city’s hotels are seeing another wave of paying customers. No music festival is more anticipated by the hospitality industry than Lollapalooza, which starts in Grant Park tomorrow and is expected to pack hotels with concertgoers.

“Properties are overflowing and will all be sold out throughout the long weekend and, in many cases, before, as they have been all summer, but at even more robust rates,” Oxford Capital Group CEO John Rutledge said.

The dollars concertgoers will bring in over the weekend are badly needed by downtown hotels. Even though tourists are sustaining the industry by descending on the city every weekend, occasionally pushing occupancy at some properties to 90%, most rooms are left empty during the week. Operators say it will stay that way until workers actually return to the office and kick off the return of business travelers.

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