New Eviction Moratorium Throws Confusion Into Move-In Week

A Cambridge biotech is expanding out of its Kendall Square sublease and into an under-construction lab building in the Fenway from Alexandria Real Estate Equities and Samuels & Associates.

Verve Therapeutics, a firm developing gene-editing medicine targeting cardiovascular disease, has agreed to a 10-year lease at 201 Brookline Ave., the firm said in a recent Securities and Exchange Commission filing. The biotech has agreed to pay approximately $91 per SF for a 105K SF space, which it said it expects the…

Read Full Story

In Case You Missed It...

As Hurricane Ida made landfall on the Louisiana coast on Monday, half a continent away, residents of South Lake Tahoe, California, were leaving under a mandatory evacuation order in response to the massive Caldor Fire, one of a number of large fires bedeviling the West. 

Disasters happen every year, but their frequency has been edging upward in recent years. For multifamily property managers, preparing for the worst is a more critical part of their job than ever, even if the worst never happens in most places.

Read the full story here.

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

When Caitlin Rood entered the affordable housing industry in 2013 as an experienced sustainability professional, she had a plan. She would start with low-hanging fruit, accumulate savings, reinvest in deeper opportunities and repeat across the portfolio of Mercy Housing, which she ended up serving as national director of sustainability.

It was a strategy that worked for her in other industries. But she soon learned affordable housing is a little different.

Rood doubled down on learning the intricacies of her new industry and started making inroads in Mercy Housing's portfolio, eventually guiding it in 2020 to become the first national multifamily housing organization recognized in the U.S. Department of Energy and Department of Housing and Urban Development's Better Buildings Challenge for achieving energy savings of 24%. She is now the chair of the Multifamily Sector Steering Committee for that same Better Buildings Challenge.

This year, Rood left Mercy for Bright Power where she will continue to focus on decreasing operating expenses and lowering energy and water consumption at affordable and supportive housing.

Rood said she is seeing increased attention to environmental sustainability and hopes that indicates the world community is starting to move in a different, greener direction.

Read the full story here.

A prolific Southeastern multifamily investor and operator, RADCO Cos. has taken advantage of the demand for apartments and sold $3B of its portfolio since 2019. Now RADCO is pivoting to an asset class with a lot less stability: hotels.

Read the full story here.