Don't see images? Click Here SUBSCRIBE FOR FREE MANAGE EMAIL PREFERENCES
Bisnow - (Almost) Never Boring
November 1, 2022

National Retailers Want In On Boston's Shopping Districts, Driving Up Rents

Hear Lesley Lisser From Invesco Discuss The Potential Of Multifamily Development In Fenway Dec. 7

Boston's shopping districts might not have the historical cachet of Fifth Avenue or Rodeo Drive, but they are starting to attract the same type of retailers that might have previously overlooked the city. 

Newbury Street and the Seaport have seen tenants duke it out for dwindling vacancy as Boston's booming life sciences and education sectors bring in more shoppers and feet on the street.

Even as red-hot inflation hangs over the retail sector — along with the Federal Reserve's efforts to cool the economy and the industry bracing for a recession — Boston retail experts say that the city is well-positioned for long-term growth. 

National Retailers Want In On Boston's Shopping Districts, Driving Up Rents

“Newbury and the Seaport, in particular, had some of the fastest foot traffic recovery in the country because people live here, work here and there’s a lot of things to do,” JLL Head of Americas Research Strategy Julia Georgules said at…

Read the full story here.

  Share:  
 
Perforation

Top Stories on Bisnow.com

Nearly 4 In 10 Small-Business Owners Unable To Make Rent As Costs Soar Nearly 4 In 10 Small-Business Owners Unable To Make Rent As Costs Soar
Apartment Investment Sales Grind To A Halt As Capital Costs And Vacancies Rise Apartment Investment Sales Grind To A Halt As Capital Costs And Vacancies Rise
JPMorgan Pilots Rent Collection Platform For Wide Release Next Year JPMorgan Pilots Rent Collection Platform For Wide Release Next Year
Huge Jump In Negative Leverage For CMBS Loans Bodes Ill For Property Values Huge Jump In Negative Leverage For CMBS Loans Bodes Ill For Property Values
Perforation

This Week's Boston Deal Sheet

This Week's Boston Deal Sheet  

Calare Properties has acquired a 35-acre industrial park for $42M on Scotland Boulevard in Bridgewater, according to the Plymouth County Registry of Deeds.

“Increased demand for industrial product coupled with insufficient supply has contributed to occupancy gains throughout 2022 and vacancy rates remain in the low single digits," Calare Vice President Albert Manley said in a press release. “We continue to focus on acquiring and developing well-located, highly functional industrial assets like Scotland…

Read Full Story

  Share:  
Perforation

Evictions Are Back In Force As Housing Advocates Rue 'Missed Opportunity'

In the months since federal funding from the Emergency Rental Assistance Program ran out in jurisdictions across the U.S., eviction rates are back to their pre-pandemic levels or even worse in most of the country.

Read the full story here.

 
Perforation

In Case You Missed It...

Boston Developers Say Construction Cooldown Could Create More Opportunities Boston Developers Say Construction Cooldown Could Create More Opportunities
Cambridge Abolishes Parking Minimums For New Development Cambridge Abolishes Parking Minimums For New Development
Real Estate Industry Lining Up Behind Healey In Governor’s Race, Campaign Contributions Show Real Estate Industry Lining Up Behind Healey In Governor’s Race, Campaign Contributions Show
GE To Vacate Boston HQ As Part Of Broader Office Downsizing Effort GE To Vacate Boston HQ As Part Of Broader Office Downsizing Effort
 
Perforation

'We Think Choppiness Helps': CRC's David Donato On Finding Deals Amid Economic Turmoil

 

Baltimore-based Continental Realty Corp. has recorded its highest-ever volume of equity raised and assets acquired over the last 12 months, despite turmoil in the economy stemming from lingering supply chain issues, inflation and rising interest rates

The real estate investment and management firm's purchases include the $36.5M acquisition of the St. Mary’s apartment complex in Raleigh, North Carolina, and the $3.9M addition of The Shops at Towne Centre Way near Charleston, South Carolina. 

David Donato, CRC’s chief operating officer, spoke with Bisnow about the types of assets catching the firm’s eye and how the turmoil in the capital markets will affect his company's acquisition plans. 

"I think there will be opportunities," he said. "People's inability to refinance now may force a sale rather than a refinance. People who've been using floating-rate debt might have to run for the exits. ... We think choppiness helps." 

Read the full story here.

 
 
BISNOW
 
       
 
You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships.
 
This email was sent to: newsletter.archives@bisnow.com
 
   
 
123 William St, Suite 1505, New York NY 10038
Newsletter Approval Code: 62146