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November 3, 2022

Universities Feeling Pressure From Cities, Students To Develop More Housing

Harvard Allston Land Co. CEO Carl Rodrigues Discusses New Allston Campus And Community Engagement Nov. 30

Boston is known as a national destination for young people pursuing a college education, but finding housing for the city's massive student population has become a growing challenge. 

As the state grapples with a housing shortage, the Boston and Cambridge governments have pressured the colleges and universities in their cities to provide more housing for students on campus. Many of these institutions are launching partnerships with local developers to fast-track these efforts. 

Universities Feeling Pressure From Cities, Students To Develop More Housing

“Universities are under extraordinary pressure, and in order for them to survive, they’re going to have to leverage their real estate assets to actually accomplish that,” said Laura Pisinski, vice president of university real estate and facilities management at Simmons University, speaking Tuesday at Bisnow’s Boston Higher Education & Student…

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CBRE Hires Former Retail Exec Back After 7 Years At JLL

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CBRE has hired Boston retail investment sales broker Nat Heald away from JLL — again.Heald has been hired as executive vice president of CBRE's Capital Markets team, seven years after he left CBRE to join JLL. He had most recently served as…

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It’s Good To Be The King: All-Cash Buyers Are Last Bidder Standing In Crumbling Market

It’s Good To Be The King: All-Cash Buyers Are Last Bidder Standing In Crumbling Market  

With the Federal Reserve raising interest rates again on Wednesday, the debt-laden deals that whipped the commercial real estate sales market into a record-setting frenzy last year have all but disappeared.

Overall investment sales transactions are down by half year-over-year, but for sellers who need an exit, they increasingly have one place to turn: all-cash buyers.

Sovereign wealth funds, international fund managers and the family offices of billionaires have grabbed a much larger share of the sales market in recent months, and experts who spoke to Bisnow said they will continue to be in the driver’s seat until borrowing costs stabilize.

“Equity has a high value now, which was not the case over the last couple of years,” Henning Koch, the CEO of German investment firm Commerz Real AG, told Bisnow this week. “We believe we can play our strengths now much better.” Commerz Real has…

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