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October 20, 2022

Real Estate Industry Lining Up Behind Healey In Governor’s Race, Campaign Contributions Show

Northeastern University Discusses 25-Story 840 Columbus Ave. Project Nov. 1

Massachusetts residents will vote for a new governor in less than three weeks, and it appears the real estate industry is overwhelmingly supporting the Democratic frontrunner, Maura Healey.

Healey, the state attorney general, has received nearly 12 times more money from real estate professionals than her Republican opponent, Geoff Diehl, according to a Bisnow analysis of campaign finance reports dating back to May. 

Healey has a big lead in the race, with FiveThirtyEight’s latest polling average showing her 24 percentage points ahead of Diehl, who was endorsed by former President Donald Trump. 

A Healey victory would represent a change in party control from outgoing Republican Gov. Charlie Baker, but real estate executives say it wouldn’t represent a dramatic shift on their key interests. 

Real Estate Industry Lining Up Behind Healey In Governor’s Race, Campaign Contributions Show

“From a regulatory standpoint, I think [Healey’s] priorities are the same kinds of priorities that the industry cares about,” said HYM Investment Group CEO Tom O’Brien, adding that his company has supported Healey for years. “Her priority is to create…

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In Labs And Life Sciences, Puzzle Pieces Coming Together For Modular Construction

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Developers of lab and biomanufacturing space, tasked with meeting seemingly unending demand for more product built with refined specifications and top-line tech, are turning to a familiar method for cutting costs and build time: modular construction.

With high demand for labs and an extensive pipeline of projects across the country, developers are on the lookout for any advantage to speed up development. Modular construction has long been at the precipice of offering such a solution but has struggled to catch on for a raft of reasons.

But changing demand and more cautious development approaches are creating an opening for modular techniques and products to become a bigger part of biotech building. 

“Modular construction has become a larger part of the life science industry over the past few years,” Lendlease America General Manager of Life Science Construction Anthony Giuliano said. “We expect modular construction to continue to flourish as several of our clients have approached us requesting support.” …

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The 'Catch-22' That's Keeping Aging Malls Stuck In Limbo

The 'Catch-22' That's Keeping Aging Malls Stuck In Limbo  

Hundreds of shopping malls across the country require substantial investment to stay alive in today’s market, but disagreements over how much the properties are worth — even among professional appraisers — have left many of them sitting stagnant.  

Redevelopments around the country have shown that dead malls can be revived by adding a mix of uses like multifamily and hotels, but those projects have only been undertaken at a small minority of U.S. malls. Developers who want to pursue more of these projects say the appraisal process…

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Property Borrowing Costs Drop (A Little) As Truss Resigns As UK PM

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The resignation of Liz Truss as prime minister, alongside an unexpected statement from a senior Bank of England official, eased the cost of borrowing for increasingly embattled property investors on Thursday.  The pound rose by 0.5%, and the yield on…

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