1. When will there bean economic downturn? Actually, we will probably experience a slow down before we hit the next recession. In terms of development activity, our “success” is hurtling us towards a regional inflationary period, with land costs and construction costs leading the way. Prices are accelerating with a relatively fixed construction labor pool,
The CRE industry kept smiling through 2017! Is anyone talking about innings anymore? We just keep doing deals. So, here are my predictions for the coming year: 1. Amazon will pass on Boston for a campus, but leave us with a great consolation prize. 2. No Turnpike air rights project will start construction (ditto for
This post originally appeared in the Boston Business Journal. Since Amazon announced its plans to open a second headquarters location, the region has been abuzz, but, to date, the focus has been on real estate. Where can 8 million square feet of space be developed? Does it need to be in one location or multiple sites?