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October 5, 2023

Charlestown Set For Big Changes After City Adopts Controversial Plan

Hear From Laura Brink Pisinski, VP, University Real Estate & Facilities Management At Simmons University, As She Discusses Phase 3 Of One Simmons Nov. 14

The oldest neighborhood in Boston, Charlestown is finally being thrust into the development spotlight.

The city last week adopted a new planning guide for Charlestown that has unlocked potential for economic development and housing production, though it has faced some high-profile opposition, and the neighborhood has millions of square feet of development that would add housing, labs, office and retail to the historically industrial neighborhood.

Charlestown Set For Big Changes After City Adopts Controversial Plan

The Boston Planning & Development Agency at its Sept. 28 board meeting adopted PLAN: Charlestown, a wide-ranging planning guide that was in the works for four years, and it approved two new projects that will bring over 600 units of housing and new job opportunities to the neighborhood.The planning…

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Construction Firm Grows Boston Operations With New 200-Person Waltham Office

Construction Firm Grows Boston Operations With New 200-Person Waltham Office  

A national construction company based in California has expanded its operations in the Boston area with an office in WalthamDPR Construction announced Tuesday it opened a 200-person office in Waltham to fuel its growth in the region. The company leased a 16K SF office at 950…

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Why Weathering Boston CRE’s ‘Perfect Storm’ Takes Teamwork, Capital And Creativity

PRESENTED BY:   Nutter, McClennen & Fish LLP
 
Why Weathering Boston CRE’s ‘Perfect Storm’ Takes Teamwork, Capital And Creativity  

As the biggest commercial real estate market in New England, the success of Boston CRE has largely hinged on the city’s growing population, robust job market and lively life sciences, financial and healthcare sectors. However, because of the pandemic-related challenges of inflation, workforce shortages and rising interest rates, Boston, much like the…

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How Hydrogen’s $46B Surge Will Fuel Real Estate

How Hydrogen’s $46B Surge Will Fuel Real Estate  

Investment in North American hydrogen production jumped by nearly two-thirds year-over-year to $46B in 2023, driven by the federal government’s march toward clean energy and private industry’s simultaneous efforts to power commercial fleets with electrification.

With those billions in investment come opportunities for commercial development to deliver both the manufacturing capabilities and the distribution hubs for this unconventional, but growing, fuel source.

“The momentum around the world is to consider ways in which hydrogen can be used as a fuel,” Fuel Cell & Hydrogen Energy Association President Frank Wolak said. “There's two real estate thrusts you're going to see in the creation of hydrogen fuel facilities — the facilities themselves, with power…

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'You Sure You Want To Do This?’: Rookie Office Brokers Pursue CRE Careers Despite Downturn

'You Sure You Want To Do This?’: Rookie Office Brokers Pursue CRE Careers Despite Downturn  

There’s an existential crisis facing the office market, with phrases like “urban doom loop” and “office-to-residential conversions” becoming commonplace. That environment might seem like an unfavorable one for young adults looking to start a career. 

But many early career brokers who spoke with Bisnow said they felt energized by the chance to hone skills during a downturn, despite the increased competition and widely acknowledged financial hardships of starting out in CRE. In conversations with nine young office brokers, many of whom entered CRE since the pandemic, and a few in their older 20s and early 30s with some experience, most saw great opportunity and excitement despite the difficulties.

“You can have the highest high and the lowest lows within 20 minutes of each other,” said Orlando, Florida-based Foundry Commercial office brokerage associate Maria Lombardi, a 24-year-old who graduated college in 2022.

Lombardi was the only one of her 48 classmates in her master’s real estate program at the University of Florida who went into office. “My classmates asked me, ‘Are you sure you want to do this? Is this the route you want to go?’” she said. There is also widespread…

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