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October 18, 2022

This Week's Boston Deal Sheet

New England Development President Doug Karp Discusses The CambridgeSide Mixed-Use Development Nov. 30

Related Beal received approval from the Boston Planning & Development Agency for its $1.2B, three-building life sciences development on the site of a former parking lot, adding to a series of projects planned along the Fort Point Channel. 

This Week's Boston Deal Sheet

The 6.5-acre site at 244-284 A St. is slated to become a 1.1M SF mixed-use development, the Boston Globe reported. The development, named Channelside, is planned to include 340 apartment units, 68 of which will be affordable. A second building would include 480K SF of life sciences space, and a third…

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GE To Vacate Boston HQ As Part Of Broader Office Downsizing Effort

GE To Vacate Boston HQ As Part Of Broader Office Downsizing Effort

General Electric plans to move out of its headquarters in Boston's Fort Point neighborhood just three years after opening the space. The company told employees Tuesday it plans to vacate the 100K SF office and seek a smaller space in the city, part of a broader…

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CRE Job And Hiring Outlook: 2019-2022

PRESENTED BY:   SelectLeaders
 
CRE Job And Hiring Outlook: 2019-2022

For over 15 years, SelectLeaders has produced a job barometer for the commercial real estate industry to illustrate the performance of the job market and how it is shaped by external events. SelectLeaders lists job postings from 25,000 active CRE employers, which are used by 315,000 job seekers across all major…

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In Case You Missed It...

Boston's Office Vacancy Rises To New Highs Despite Big Leases, Job Growth Boston's Office Vacancy Rises To New Highs Despite Big Leases, Job Growth
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Greatland Realty Partners Buys 2 Lexington Office Buildings Greatland Realty Partners Buys 2 Lexington Office Buildings
Wu Directs BPDA To Accelerate Approvals For Affordable Housing Wu Directs BPDA To Accelerate Approvals For Affordable Housing
'The Market Is Demanding It': Boston Developers Face Growing Pressure To Decarbonize Buildings 'The Market Is Demanding It': Boston Developers Face Growing Pressure To Decarbonize Buildings
 
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Why Disasters Like Ian Punish Affordable Housing Stock In Particular

Why Disasters Like Ian Punish Affordable Housing Stock In Particular  

A great variety of property types was at risk of damage or destruction when Hurricane Ian made landfall in Florida Sept. 28, but the state’s already-dwindling supply of affordably priced homes took the biggest hit, demonstrating the elevated threat natural disasters pose in lower-income communities.

Previous disasters have proven affordable housing takes the most damage and is least likely to be replaced in an area’s housing ecosystem, leaving a gap where cheaper properties used to be and removing options for lower-income residents. 

"Not only did we slow down the projects that were underway, we’ve reduced the supply available for anyone to use,” said Shelton Weeks, the director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University…

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Biggest UK Property Value Drop Since Brexit Vote As Fear Becomes Reality

Biggest UK Property Value Drop Since Brexit Vote As Fear Becomes Reality  

In September, UK real estate saw the biggest single-month value drop since the immediate aftermath of the vote to leave the European Union, as the financial market volatility caused by inflation and rising interest rates started to feed through into tangible valuation falls. UK real estate fell by 2.6% on…

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