Boston Properties Posts Best Leasing Quarter Since 2019 But Sees Headwinds

Some commercial real estate deals are falling apart across the country as the market reels from the highest interest rate environment in over a decade and clouds of economic uncertainty are gathering.

As borrowing costs rise, the prices for everything from out-of-favor assets like office buildings and retail to warehouses and apartments are declining as buyers get nervous about future values. “No one's immune,” said Eddie Lorin, an affordable, workforce and mixed-income housing developer who co-founded California-based…

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In Case You Missed It...

Time was of the essence at the former Johnson & Wales campus outside Denver. 

The campus was shutting down last year as the Rhode Island-based nonprofit university navigated financial instability, and nonprofit developer Urban Land Conservancy saw an opportunity.

"It was a very aggressive timeline," said Aaron Martinez, vice president of operations and sustainability at Urban Land Conservancy. "We were all just kind of building this plane as it was flying."

Within 90 days of the campus going up for sale, ULC and its partners closed on a successful $62M bid for the entire campus, including four dorms, a culinary arts hall and several academic buildings. ULC has since sold two of the dorms to an affordable housing developer for 50%…

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