'The Market Is Demanding It': Boston Developers Face Growing Pressure To Decarbonize Buildings

CRISPR Therapeutics this week opened its new U.S. headquarters at The 105 by Breakthrough development in Boston, a 263K SF project recently completed by Breakthrough Properties. The gene editing company occupies the entire building and is the latest in a…

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The pandemic supercharged a mass migration from the Northeast to Florida — and a bevy of New York real estate players shifted their business to follow suit.

Hurricane Ian, one of the costliest storms in U.S. history, which displayed the ever-worsening threat of the climate crisis on the Sunshine State and threatens the state's teetering insurance market, isn't likely to kick-start a reversal, real estate players told Bisnow.

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Long considered the gold standard of retail, visits to grocery-anchored centers in cities like Dallas have slowed as the rising cost of goods prompts consumers to change their habits.

Foot traffic was down across the city's grocery-anchored centers during the three months leading up to September, according to data from Placer.ai. That supports similar national Placer data from May, which also showed visits to superstores like Costco and Sam's Club were outpacing trips to traditional grocery stores as consumers attempted to save on gas and buy in bulk during a period of greater financial uncertainty.

Data analysts say a dip in grocery visits is to be expected after the record-setting activity seen in 2021, but economic turmoil is also at play. 

“Inflation definitely has an impact, and it changes some of the patterns of where we shop,” Placer.ai Vice President of Marketing Ethan Chernofsky said. “Gas prices are really significant because they say to the consumer, ‘Go out less.’”

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As the Conservative government fights inflation, rising interest rates and self-inflicted damage, real estate is reassessing its feelings about the Labour party.

The political ground is shifting. In fact, it may already have shifted. A poll published 5 October by Redfield & Wilton Strategies suggests the Conservative government could be on course to have just 117 seats (out of 650) after a general election.

It is the latest in a long line of polls suggesting the governing party is on the way out, and that Labour is on the way back. The trend predates the recent self-inflicted wound of Chancellor of the Exchequer Kwasi Kwarteng's unfunded £45B tax cuts. But the 'minibudget' controversy, and the 10 days of market turmoil and negative headlines that followed, has accelerated the shift in the minds of voters toward Labour, at least if the pollsters are correct.

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