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May 16, 2023

Emerging Manufacturing Sector Sparks New Development In Boston's Suburbs

Medical Office Building Outlook: Hear From AEW, MLL Capital And Celera Properties May 24

Growing companies in the advanced manufacturing and green tech sectors are planting their flags in Boston's suburbs with big new facilities. 

As workers flow into the area to take jobs at these companies, they are creating demand for more housing construction, and suburban towns that for years have faced development dormancy are finally starting to wake.

Emerging Manufacturing Sector Sparks New Development In Boston's Suburbs

The rise of companies in advanced manufacturing, including clean tech and battery manufacturing, is bolstering demand for industrial space in Boston's suburban market and helping to fill gaps left by the slowing life sciences sector, experts said last week at Bisnow's Future of the Suburbs event at Jumbo Capital Inc.'s 150 Royall…

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This Week's Boston Deal Sheet

This Week's Boston Deal Sheet  

MassDevelopment issued a $129M tax-exempt bond to 2Life Communities for a new senior housing development in Newton, the developer's third campus in the city. 

The 174-unit apartment building, dubbed Opus Newton, will be designated for residents 62 and older. Nine of the apartments fall under the city's inclusionary zoning requirement and will be restricted for households earning up to 80% of the area median income. 2Life broke ground on the development in March, and…

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‘There’s A Degree Of Wonder’: Why New AI Tools May Finally Be The Tech That Shakes Up Real Estate

‘There’s A Degree Of Wonder’: Why New AI Tools May Finally Be The Tech That Shakes Up Real Estate  

Across the real estate industry, people are conducting their own tiny experiments to see how new artificial intelligence tools can help them do their jobs better.

Writing a first draft of a pitch. Finding a site for a retail tenant. Defining to whom they want to sell a product, service, or even a building.

Over the past two decades, the adoption of new tech has been a top-down process, and while real estate has been a laggard, AI tools like ChatGPT are being played with and prodded to see what they can do. 

Real estate may not be at the head of the pack when it comes to the use of AI. Yet large language model tools like ChatGPT, developed by OpenAI, are already being widely used, bringing the potential to dramatically change what it means to work in CRE, and raising philosophical and practical questions along the way.

“Everyone has heard of it, everybody wants to experience it,” JLL Technologies CEO, Leasing & Capital Markets Technology Amit Koren told Bisnow.  While younger CRE workers are more likely to utilise AI technology on their own initiative, unprompted by the company, a huge number of…

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PODCAST: Trepp's Manus Clancy On Office Distress, The Debt Ceiling And The Ongoing Banking Crisis

PODCAST: Trepp's Manus Clancy On Office Distress, The Debt Ceiling And The Ongoing Banking Crisis  

Bisnow's audio series, Bisnow Reports, examines every facet of the international commercial real estate industry — from the murky future of retail and office to real estate’s reckoning with diversity to the effects of climate change on the built world, and so much more. You can subscribe on iTunes, Spotify and Amazon Music, or scroll down to listen in your browser.

On this episode, we hear from Trepp Senior Managing Director Manus Clancy, a commercial real estate debt expert, about the tens of billions of dollars in loans maturing on both office and multifamily buildings this year, the state of lending amid the >

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