Our Blog http://naihunnemanblog.com/?p=1090 https://naihunnemanblog.com/2017/04/25/massachusetts-big-pharma-cluster-and-its-impact-on-commercial-real-estate/ Company News Research Massachusetts’ Big Pharma Cluster and Its Impact on Commercial Real Estate By Liz Berthelette &#8211; Director of Research This post originally appeared on RealMassive.com 4/6/17 Massachusetts, anchored by Cambridge, is home to one of the largest biotech clusters in the world. With many of the leading “big pharma” firms maintaining a presence here, this industry has become a key driver of commercial real estate demand throughout &#8230; <a href="https://naihunnemanblog.com/2017/04/25/massachusetts-big-pharma-cluster-and-its-impact-on-commercial-real-estate/" class="more-link">Continue reading <span class="screen-reader-text">Massachusetts’ Big Pharma Cluster and Its Impact on Commercial Real&#160;Estate</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1090&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Tue, 25 Apr 2017 19:18:43 Z https://naihunnemanblog.com/2017/04/25/massachusetts-big-pharma-cluster-and-its-impact-on-commercial-real-estate/#respond naihunneman <p><em>By Liz Berthelette &#8211; Director of Research </em></p> <p><em>This post originally appeared on <a href="https://www.realmassive.com/" target="_blank" rel="noopener noreferrer">RealMassive.com</a> 4/6/17</em></p> <p>Massachusetts, anchored by Cambridge, is home to one of the largest <a href="http://www.massbio.org/" rel="nofollow">biotech clusters</a> in the world. With many of the leading “big pharma” firms maintaining a presence here, this industry has become a key driver of commercial real estate demand throughout the Bay State. In fact, 16 out of the top 20 pharmaceutical companies investing heavily in research and development operations lease and/or own space in Massachusetts. In looking at the potential future demand for office and/or lab space these heavy investors will likely play a key role, especially if their current presence in the marketplace is minimal.</p> <p>The chart below highlights each firms’ research and development investment dollars in the fiscal year 2015-16 and its estimated real estate footprint in Massachusetts. <a href="http://www.novartis.com/" rel="nofollow">Novartis</a> ranked first in the European Commission’s 2016 EU Industrial R&amp;D Investment Scoreboard and occupies more than one million square feet in Greater Boston. Due to its MA-based headquarters operations, Biogen boasts one of the largest footprints in the market despite ranking among the bottom of this list for investment dollars.</p> <div data-shortcode="caption" id="attachment_1111" style="width: 780px" class="wp-caption alignnone"><img data-attachment-id="1111" data-permalink="https://naihunnemanblog.com/2017/04/25/massachusetts-big-pharma-cluster-and-its-impact-on-commercial-real-estate/pharma-rd/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/04/pharma-rd.jpg?w=676" data-orig-size="770,481" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Pharma R&amp;D" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/04/pharma-rd.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/04/pharma-rd.jpg?w=676?w=676" class="alignnone size-full wp-image-1111" src="https://naihunnemanblog.files.wordpress.com/2017/04/pharma-rd.jpg?w=676" alt="Pharma R&amp;amp;D" srcset="https://naihunnemanblog.files.wordpress.com/2017/04/pharma-rd.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2017/04/pharma-rd.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2017/04/pharma-rd.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2017/04/pharma-rd.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2017/04/pharma-rd.jpg 770w" sizes="(max-width: 676px) 100vw, 676px" /><p class="wp-caption-text">*Occupied by Roche subsidiary, Iquum. Sources: EU Scoreboard 2016 (World 2500), Costar, NAI Hunneman Research</p></div> <p>There are a handful of firms that made the list that have little to no real estate presence in Massachusetts such as Roche, Eli Lilly, Johnson &amp; Johnson and Bayer. With that said, many are planning to expand in Cambridge or are already collaborating locally:</p> <ul> <li>Reportedly, Eli Lilly and Johnson &amp; Johnson have fairly large requirements out in the Cambridge market.</li> <li>Novo Nordisk has been collaborating with MIT on next generation drug delivery devices since 2015.</li> <li>Bayer is opening its East Coast Innovation Center in Cambridge.</li> <li>Boehringer Ingelheim’s venture capital arm opened in Cambridge in 2013 in order to invest in early-stage biotech companies.</li> </ul> <p>One of the area’s largest pharmaceutical companies, Shire PLC, has continued to expand and currently occupies more than two million square feet in Greater Boston. However, the Lexington-based firm only invested $872 million in research and development last year; ranking the company 30th on the list. With that said, Shire recently agreed to lease 343,000 square feet at the Genzyme Center building in the heart of Kendall Square; establishing a hub for the research and development of rare diseases. This new innovation hub will house roughly 1,000 workers by 2019 ― after <a href="http://www.sanofigenzyme.com/" rel="nofollow">Genzyme</a> relocates to its new headquarters nearby. One would expect Shire’s investment dollars to increase once this new R&amp;D facility is operational.</p> <p>Looking at revenues as opposed to R&amp;D investment in the chart below, 14 out of the top 20 global pharmaceutical companies maintain a real estate presence in Massachusetts. Interestingly Johnson &amp; Johnson, Bayer and Roche top this list as well. Other major pharmaceutical firms lacking a Massachusetts address include Sinopharm Holdings, Medipal Holdings and Alfresa Holdings. Could one of these companies be the next to set up shop here?</p> <div data-shortcode="caption" id="attachment_1097" style="width: 805px" class="wp-caption alignnone"><img data-attachment-id="1097" data-permalink="https://naihunnemanblog.com/2017/04/25/massachusetts-big-pharma-cluster-and-its-impact-on-commercial-real-estate/pharma-revenue/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/04/pharma-revenue.jpg?w=676" data-orig-size="795,512" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Pharma Revenue" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/04/pharma-revenue.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/04/pharma-revenue.jpg?w=676?w=676" class="alignnone size-full wp-image-1097" src="https://naihunnemanblog.files.wordpress.com/2017/04/pharma-revenue.jpg?w=676" alt="Pharma Revenue" srcset="https://naihunnemanblog.files.wordpress.com/2017/04/pharma-revenue.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2017/04/pharma-revenue.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2017/04/pharma-revenue.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2017/04/pharma-revenue.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2017/04/pharma-revenue.jpg 795w" sizes="(max-width: 676px) 100vw, 676px" /><p class="wp-caption-text">*Occupied by Roche subsidiary, Iquum. Sources: EU Scoreboard 2016 (World 2500), Costar, NAI Hunneman Research</p></div> <p>While growth from companies currently located in Massachusetts will remain an important driver of commercial real estate, firms not-yet established here likely offer greater potential for future demand.</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1090/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1090/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1090/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1090/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1090/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1090/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1090/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1090/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1090/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1090/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1090/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1090/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1090&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/04/25/massachusetts-big-pharma-cluster-and-its-impact-on-commercial-real-estate/feed/ 0 naihunneman Pharma R&amp;D Pharma Revenue 2017-04-25 19:18 +00:00 2017-04-25 14:18 -05:00 http://naihunnemanblog.com/?p=1074 https://naihunnemanblog.com/2017/04/21/weekly-cre-blog-recap/ Uncategorized Weekly CRE Blog Roundup Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. Click below to access the content: 4 tips for CRE brokers in the appraisal process &#8211; As a commercial real estate broker, it’s easy to feel like the appraisal process is out of your &#8230; <a href="https://naihunnemanblog.com/2017/04/21/weekly-cre-blog-recap/" class="more-link">Continue reading <span class="screen-reader-text">Weekly CRE Blog&#160;Roundup</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1074&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Fri, 21 Apr 2017 18:39:18 Z https://naihunnemanblog.com/2017/04/21/weekly-cre-blog-recap/#respond naihunneman <p>Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. Click below to access the content:</p> <ol> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2oTPbSd" target="_blank">4 tips for CRE brokers in the appraisal process</a></strong></span> &#8211; As a commercial real estate broker, it’s easy to feel like the appraisal process is out of your hands and there isn’t anything you can do to help move it along. <em>(Source: Apto</em><em>)</em></li> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2oOpUdy" target="_blank">4 Technologies Making Commercial Real Estate Buildings Smarter</a></strong></span> &#8211; The prevalence of Internet of Things (IoT) technology has changed the way we live and work, and few industries have felt it more than commercial real estate. <em>(Source: NAI Global)</em></li> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2ovtC8J" target="_blank">How This CRE Broker Used YouTube to Generate $12M in Sales</a></strong></span> &#8211; For those building a career in CRE, a willingness to adapt and experiment with new strategies is essential to long-term survival. <em>(Source: Reonomy)</em></li> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2pjPFEo" target="_blank">Update: How the CRE investment landscape is shaping up in 2017</a></strong></span> &#8211; The year is well underway and looks to be a promising one for commercial real estate investment. <em>(Source: Apto)</em></li> </ol><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1074/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1074/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1074/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1074/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1074/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1074/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1074/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1074/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1074/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1074/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1074/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1074/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1074&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/04/21/weekly-cre-blog-recap/feed/ 0 About-Page naihunneman 2017-04-21 18:39 +00:00 2017-04-21 13:39 -05:00 http://naihunnemanblog.com/?p=1057 https://naihunnemanblog.com/2017/04/12/weekly-cre-blog-roundup-3/ Company News Research Uncategorized Weekly CRE Blog Roundup Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. Click below to access the content: &#160; 3 Reasons Every Commercial Property Should Have a Strong Online Presence &#8211; Are you taking advantage of the most powerful resource in your commercial real estate marketing &#8230; <a href="https://naihunnemanblog.com/2017/04/12/weekly-cre-blog-roundup-3/" class="more-link">Continue reading <span class="screen-reader-text">Weekly CRE Blog&#160;Roundup</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1057&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Wed, 12 Apr 2017 16:43:18 Z https://naihunnemanblog.com/2017/04/12/weekly-cre-blog-roundup-3/#respond naihunneman <p>Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. Click below to access the content:</p> <p>&nbsp;</p> <ol> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2p5JoeQ" target="_blank">3 Reasons Every Commercial Property Should Have a Strong Online Presence</a></strong></span> &#8211; Are you taking advantage of the most powerful resource in your commercial real estate marketing arsenal? <em>(Source: RealMassive)</em></li> <li><span style="text-decoration:underline;"><span style="color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2p83yCf" target="_blank">The Ultimate Guide to Commercial Real Estate Listing Sites (2017 Update)</a></strong></span></span> &#8211; For those in the commercial real estate industry, there are thousands of resources online to help you reach your target audience, advertise your listings, and generate interest. <em>(Source: SharpLaunch)</em></li> <li><span style="text-decoration:underline;"><span style="color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2ooPwMx" target="_blank">The Complete Guide to Hygge for the Office</a></strong></span></span> &#8211; Like KonMari before it, a new word has entered the lexicon that perfectly describes the balm busy working professionals need right now. <em>(Source: The Square Foot)</em></li> <li><span style="text-decoration:underline;"><span style="color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2oz68TQ" target="_blank">Is U.S. Manufacturing Really Declining?</a></strong></span></span> &#8211; A popular narrative over the past decade has been U.S. manufacturing&#8217;s precipitous decline. But has manufacturing really become an afterthought in the U.S. economy? <em>(Source: St. Louis Fed)</em></li> <li><span style="text-decoration:underline;"><span style="color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2p5RhB6" target="_blank">Professional development in CRE: 3 tips for the time-strapped broker</a></strong></span></span> &#8211; We don’t need to tell you twice — the world of commercial real estate is competitive. <em>(Source: Apto)</em></li> </ol><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1057/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1057/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1057/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1057/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1057/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1057/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1057/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1057/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1057/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1057/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1057/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1057/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1057&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/04/12/weekly-cre-blog-roundup-3/feed/ 0 About-Page naihunneman 2017-04-12 16:43 +00:00 2017-04-12 11:43 -05:00 http://naihunnemanblog.com/?p=1044 https://naihunnemanblog.com/2017/04/11/bostons-demographic-cliff/ Company News Research Boston’s Demographic Cliff? The following blog post initially appeared in the 3.31.17 edition of the New England Real Estate Journal It’s no secret that shifting demographic patterns are vital to understanding economic growth and commercial real estate markets. While the rise of the Millennials (aka Echo Boomers or Generation Y) has been a hot topic for the better &#8230; <a href="https://naihunnemanblog.com/2017/04/11/bostons-demographic-cliff/" class="more-link">Continue reading <span class="screen-reader-text">Boston’s Demographic Cliff?</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1044&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Tue, 11 Apr 2017 15:16:57 Z https://naihunnemanblog.com/2017/04/11/bostons-demographic-cliff/#respond naihunneman <p><em>The following blog post initially appeared in the 3.31.17 edition of the New England Real Estate Journal</em></p> <p>It’s no secret that shifting demographic patterns are vital to understanding economic growth and commercial real estate markets. While the rise of the Millennials (aka Echo Boomers or Generation Y) has been a hot topic for the better part of the last 30 years, the impending demographic cliff due to accelerating Baby Boomer retirement is a concern both locally and nationally.</p> <p>As Baby Boomers continue to age, growth in the nation’s working-age population is expected to slow to a mere crawl over the next five years. Projections for this deceleration are more pronounced in Greater Boston, with growth dipping negative during the forecast period.</p> <p><img data-attachment-id="1048" data-permalink="https://naihunnemanblog.com/2017/04/11/bostons-demographic-cliff/working-age/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/04/working-age.png?w=676" data-orig-size="779,496" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Working Age" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/04/working-age.png?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/04/working-age.png?w=676?w=676" class="alignnone size-full wp-image-1048" src="https://naihunnemanblog.files.wordpress.com/2017/04/working-age.png?w=676" alt="Working Age" srcset="https://naihunnemanblog.files.wordpress.com/2017/04/working-age.png?w=676 676w, https://naihunnemanblog.files.wordpress.com/2017/04/working-age.png?w=150 150w, https://naihunnemanblog.files.wordpress.com/2017/04/working-age.png?w=300 300w, https://naihunnemanblog.files.wordpress.com/2017/04/working-age.png?w=768 768w, https://naihunnemanblog.files.wordpress.com/2017/04/working-age.png 779w" sizes="(max-width: 676px) 100vw, 676px" /></p> <h6>Sources: CoStar Portfolio Strategy, Moody’s Analytics</h6> <p>What are the implications for commercial real estate fundamentals? As discussed in our recent recap of <span style="text-decoration:underline;"><strong><a href="https://naihunnemanblog.com/2017/02/16/from-the-research-desk-costar-state-of-the-office-market-recap/">CoStar’s State of the Office Market</a></strong></span> recap, the short answer is this demographic movement will ultimately weigh on demand for space — particularly in the office market. Greater Boston will likely face steeper headwinds as the demographic outlook is comparatively less favorable. Lower demand will push office vacancies northward and impede rent growth during the latter half of the next five years.</p> <p><em>Liz Berthelette is NAI Hunneman’s Director of Research. For more information on NAI Hunneman’s research capabilities &amp; products please contact Liz at </em><span style="text-decoration:underline;"><a href="mailto:lberthelette@naihunneman.com"><em><strong>lberthelette@naihunneman.com</strong></em></a></span><em> and follow her on Twitter </em><span style="text-decoration:underline;"><a href="https://twitter.com/liz_berthelette"><strong><em>@liz_berthelette</em></strong> </a></span>.</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1044/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1044/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1044/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1044/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1044/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1044/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1044/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1044/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1044/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1044/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1044/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1044/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1044&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/04/11/bostons-demographic-cliff/feed/ 0 naihunneman Working Age 2017-04-11 15:16 +00:00 2017-04-11 10:16 -05:00 http://naihunnemanblog.com/?p=1029 https://naihunnemanblog.com/2017/04/05/weekly-cre-blog-roundup-2/ Uncategorized Weekly CRE Blog Roundup Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. Click below to access the content: 3 Ways Infrastructure Construction Will Impact Industrial Real Estate  &#8211; Part of President Trump&#8217;s new plan for the U.S. economy is to spend billions of dollars in infrastructure &#8230; <a href="https://naihunnemanblog.com/2017/04/05/weekly-cre-blog-roundup-2/" class="more-link">Continue reading <span class="screen-reader-text">Weekly CRE Blog&#160;Roundup</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1029&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Wed, 05 Apr 2017 13:48:34 Z https://naihunnemanblog.com/2017/04/05/weekly-cre-blog-roundup-2/#respond naihunneman <p>Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. Click below to access the content:</p> <ol> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2p0q3YW" target="_blank">3 Ways Infrastructure Construction Will Impact Industrial Real Estate</a></strong></span>  &#8211; Part of President Trump&#8217;s new plan for the U.S. economy is to spend billions of dollars in infrastructure construction to repair, replace and retrofit many aspects of the U.S. transportation system. <em>(Source: NAI Global)</em></li> <li><span style="text-decoration:underline;"><span style="color:#0000ff;"><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2naxfVS" target="_blank"><strong>Do Rising Interest Rates Really Hurt Property Values?</strong> </a></span></span> &#8211; Just as the sun rises in the east and sets in the west, many investors believe rising short-term interest rates necessarily increase capitalization rates and weaken property values. <em>(Source: VTS Blog)</em></li> <li><strong><span style="text-decoration:underline;"><span style="color:#0000ff;"><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2nDWHOJ" target="_blank">Four Ways to Speed Up the Sales Cycle in CRE</a></span></span></strong>  &#8211; The sales cycle is a process &#8212; a series of steps that convince a person or a group of people to say yes on multiple occasions. <em>Source: (RealNex)</em></li> <li><span style="text-decoration:underline;"><span style="color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2p0M7T7" target="_blank">Amenities arms race: 6 multifamily trends to watch</a></strong></span></span>  &#8211; Ahhh, the sweet lure of amenities. In simpler times, “amenities” might have referred to a lobby and a room with some treadmills in it. (Source: Apto)</li> </ol><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1029/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1029/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1029/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1029/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1029/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1029/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1029/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1029/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1029/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1029/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1029/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1029/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1029&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/04/05/weekly-cre-blog-roundup-2/feed/ 0 About-Page naihunneman 2017-04-05 13:48 +00:00 2017-04-05 08:48 -05:00 http://naihunnemanblog.com/?p=1005 https://naihunnemanblog.com/2017/03/31/300000-sf-of-positive-absorption-in-q1/ Company News Research Property Markets Start 2017 on Solid Footing In the office market, the suburbs accounted for the majority of the markets more-than 300,000 square feet of positive absorption. The lab market, particularly Kendall Square, remains tight with vacancies nearing 3% metrowide. Fundamentals continue to improve in the industrial market as well with vacancies reaching new lows. The new year has brought continued uncertainty &#8230; <a href="https://naihunnemanblog.com/2017/03/31/300000-sf-of-positive-absorption-in-q1/" class="more-link">Continue reading <span class="screen-reader-text">Property Markets Start 2017 on Solid&#160;Footing</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1005&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Fri, 31 Mar 2017 20:31:22 Z https://naihunnemanblog.com/2017/03/31/300000-sf-of-positive-absorption-in-q1/#respond naihunneman <p><img data-attachment-id="1021" data-permalink="https://naihunnemanblog.com/2017/03/31/300000-sf-of-positive-absorption-in-q1/q1cover/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/03/q1cover.jpg" data-orig-size="472,608" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Stewart, Amy&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1490885151&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Q1Cover" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/03/q1cover.jpg?w=233&#038;h=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/03/q1cover.jpg?w=472" class="alignleft size-medium wp-image-1021" src="https://naihunnemanblog.files.wordpress.com/2017/03/q1cover.jpg?w=233&#038;h=300" alt="Q1Cover" width="233" height="300" srcset="https://naihunnemanblog.files.wordpress.com/2017/03/q1cover.jpg?w=233&amp;h=300 233w, https://naihunnemanblog.files.wordpress.com/2017/03/q1cover.jpg?w=466&amp;h=600 466w, https://naihunnemanblog.files.wordpress.com/2017/03/q1cover.jpg?w=116&amp;h=150 116w" sizes="(max-width: 233px) 100vw, 233px" />In the office market, the suburbs accounted for the majority of the markets more-than 300,000 square feet of positive absorption. The lab market, particularly Kendall Square, remains tight with vacancies nearing 3% metrowide. Fundamentals continue to improve in the industrial market as well with vacancies reaching new lows.</p> <p>The new year has brought continued uncertainty in the marketplace. However, many signs are still pointing to a stronger macroeconomic outlook in the near term. In January, the International Monetary Fund revised its U.S. growth forecast up slightly for both 2017 and 2018. A more solid economic outlook would likely bolster the commercial real estate property markets. There are still several trends worth keeping an eye on in the coming quarters that could result in up or downside risks to Boston’s outlook. Proposed budget cuts to NIH funding and concerns surrounding inflation are two to watch.</p> <ul> <li>The Greater Boston office market posted another positive quarter with more than 300,000 square feet in net absorption. Results were mixed with East Cambridge, Route 128 West and the Back Bay posting some of the strongest absorption. Metrowide vacancies inched down to 11.2% in the first quarter and direct asking rents grew to nearly $33 per square foot.</li> </ul> <ul> <li>The Greater Boston lab market remains hot. Net absorption totaled 219,492 square feet metrowide in the first quarter, with the Cambridge markets accounting for roughly half of this space. Metrowide vacancies are nearing 3% and East Cambridge vacancies are just a mere 0.2% as demand for space remains heated. With little new product on the immediate horizon and strong demand for space, look for market conditions to remain favorable in the coming quarters.</li> </ul> <ul> <li>The Greater Boston industrial market absorbed more than 500,000 square feet of space in the first quarter of 2017. Vacancies are sub-8%; reaching levels not seen in more than 15 years. Demand drivers remain vast and varied. E-commerce, housing and building-related firms, drug manufacturing, third-party logistics, breweries and medical marijuana facilities are all bolstering industrial demand in the marketplace.</li> </ul> <p>Access our <span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://socialnet.naiglobal.com/research_manager_publications/000/001/137/original/Q1-MarketReport2017-WEB.pdf" target="_blank">Office &amp; Industrial Report</a></strong></span></p> <p>Access our <span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://socialnet.naiglobal.com/research_manager_publications/000/001/138/original/Q1-2017-BiotechReport_WEB.pdf" target="_blank">Biotech Report</a></strong></span></p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1005/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1005/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1005/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1005/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1005/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1005/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1005/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1005/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1005/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1005/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1005/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1005/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1005&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/03/31/300000-sf-of-positive-absorption-in-q1/feed/ 0 Q1-2017MarketReport-BlogImage naihunneman Q1Cover 2017-03-31 20:31 +00:00 2017-03-31 15:31 -05:00 http://naihunnemanblog.com/?p=982 https://naihunnemanblog.com/2017/03/30/982/ Company News Research Uncategorized Weekly Blog ReCap Infographic: What&#8217;s Behind the Push for More Flexible Work Hours? &#8211; The debate over the Open-Office trend reignited recently with the contention that it&#8217;s destroying the workplace. (Source: Square Foot) The Ultimate List of CRE Brands to Follow on Twitter &#8211; The real estate industry hasn’t always been a fan of Twitter, but there’s a growing commercial &#8230; <a href="https://naihunnemanblog.com/2017/03/30/982/" class="more-link">Continue reading <span class="screen-reader-text">Weekly Blog ReCap</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=982&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Thu, 30 Mar 2017 17:58:27 Z https://naihunnemanblog.com/2017/03/30/982/#respond naihunneman <ol> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2odayjv">Infographic: What&#8217;s Behind the Push for More Flexible Work Hours?</a></strong></span> &#8211; The debate over the Open-Office trend reignited recently with the contention that it&#8217;s destroying the workplace. <em>(Source: Square Foot)</em></li> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2odfLHS">The Ultimate List of CRE Brands to Follow on Twitter</a></strong></span> &#8211; The real estate industry hasn’t always been a fan of Twitter, but there’s a growing commercial real estate community on the platform that is sharing timely content, interesting industry trends and, of course, networking to build their business and reputation as a leading expert in the field.<br /> <em>(Source: REFM)</em></li> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2mSZFn4">The Exports of Innovative Countries</a></strong></span> &#8211; Research and development (R&amp;D) activity around the world is concentrated in a few rich countries. <em>(Source: On The Economy, St. Louis FED)</em></li> <li><span style="color:#0000ff;"><strong><span style="text-decoration:underline;"><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2nA0TAM">Weekly Initial Unemployment Claims decrease to 258,000</a></span></strong></span> &#8211; In the week ending March 25, the advance figure for seasonally adjusted initial claims was 258,000, a decrease of 3,000 from the previous week&#8217;s unrevised level of 261,000. <em>(Source: CalculatedRisk)</em></li> </ol><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/982/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/982/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/982/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/982/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/982/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/982/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/982/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/982/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/982/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/982/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/982/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/982/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=982&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/03/30/982/feed/ 0 BlogRoundup-Banner-Blog-NEW naihunneman 2017-03-30 17:58 +00:00 2017-03-30 12:58 -05:00 http://naihunnemanblog.com/?p=936 https://naihunnemanblog.com/2017/03/27/a-conversation-with-max-pawk-newest-member-of-nai-hunnemans-urban-advisory-group/ Company News A Conversation with Max Pawk, newest member of NAI Hunneman’s Urban Advisory Group We sat down with new NAI Hunneman Urban Advisory Group Member Max Pawk. Max is a graduate and former varsity lacrosse player of Dickinson College where the Pittsburgh native majored in Political Science. NAIH: What is your current market focus at NAI Hunneman? My market focus is tailored specifically to the Urban Market. NAIH: Who do you &#8230; <a href="https://naihunnemanblog.com/2017/03/27/a-conversation-with-max-pawk-newest-member-of-nai-hunnemans-urban-advisory-group/" class="more-link">Continue reading <span class="screen-reader-text">A Conversation with Max Pawk, newest member of NAI Hunneman&#8217;s Urban Advisory&#160;Group</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=936&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Mon, 27 Mar 2017 20:44:43 Z https://naihunnemanblog.com/2017/03/27/a-conversation-with-max-pawk-newest-member-of-nai-hunnemans-urban-advisory-group/#respond naihunneman <div data-shortcode="caption" id="attachment_938" style="width: 361px" class="wp-caption alignnone"><img data-attachment-id="938" data-permalink="https://naihunnemanblog.com/2017/03/27/a-conversation-with-max-pawk-newest-member-of-nai-hunnemans-urban-advisory-group/max_pawk/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/03/max_pawk.jpg?w=676" data-orig-size="351,433" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Max_Pawk" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/03/max_pawk.jpg?w=676?w=243" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/03/max_pawk.jpg?w=676?w=351" class="alignnone size-full wp-image-938" src="https://naihunnemanblog.files.wordpress.com/2017/03/max_pawk.jpg?w=676" alt="Max_Pawk" srcset="https://naihunnemanblog.files.wordpress.com/2017/03/max_pawk.jpg 351w, https://naihunnemanblog.files.wordpress.com/2017/03/max_pawk.jpg?w=122 122w, https://naihunnemanblog.files.wordpress.com/2017/03/max_pawk.jpg?w=243 243w" sizes="(max-width: 351px) 100vw, 351px" /><p class="wp-caption-text">Max Pawk | Urban Advisory Group</p></div> <p>We sat down with new NAI Hunneman Urban Advisory Group Member Max Pawk. Max is a graduate and former varsity lacrosse player of Dickinson College where the Pittsburgh native majored in Political Science.</p> <p><strong><em>NAIH: What is your current market focus at NAI Hunneman?</em></strong></p> <p>My market focus is tailored specifically to the Urban Market.</p> <p><strong><em>NAIH: Who do you work with &amp; what have you learned from them?</em></strong></p> <p>I work with Peter Evans, Matt Davis, Colin Gordon, and Brooke Blue on the Urban Advisory Group. So far, the biggest thing I’ve learned is how important it is for me to be a sponge. By sponge I mean that need to be tirelessly driven to seek and absorb new information. I need to be curious, possibly even somewhat obsessive, about gathering data and learning from it.  I need to take in as much information as possible, and learn from my mentors, advisors, and peers here at NAI Hunneman.</p> <p><strong><em>NAIH: What relevant experience do you bring to NAI Hunneman? </em></strong></p> <p>I worked for a commercial real estate developer in Miami called Turnberry Associates for 2 years.  During my time at Turnberry, I performed many different tasks for several of the firm’s executives. I think my ability to juggle all those different tasks while displaying efficient time management skills will contribute to this company’s success.</p> <p><strong><em>NAIH:  What made you chose Commercial Real Estate as your career?</em></strong></p> <p>During my senior year of college, I began reaching out to some lacrosse alumni and they urged me to give Commercial Real Estate a shot. Seeing all the success that my close friends and teammates were enjoying in the industry placed heavy influence on my decision.  After graduation, I moved to Miami, Florida where I was able to get my first real taste of the industry.</p> <p><strong><em>NAIH: What are some of your hobbies? </em></strong></p> <p>I’ve always been really into sports. I played lacrosse during my time at Dickinson. Nowadays whenever I have some free time I enjoy playing golf, fishing, and hiking.</p> <p><strong><em>NAIH: Why NAI Hunneman? What do you like so far in your experience here?</em></strong></p> <p>The NAI Hunneman brand and its successful reputation speaks for itself.  I think the smaller office resonated well with me. I also found the hands-on experience that I was going to gain in this new role to be very appealing.</p> <p><strong><em>NAIH: What are some of your hobbies?</em></strong></p> <p>I’ve always been really into sports. I played lacrosse during my time at Dickinson. Nowadays whenever I have some free time I enjoy playing golf, fishing, and hiking.</p> <p><a href="https://naihunnemanblog.com/2017/03/27/a-conversation-with-max-pawk-newest-member-of-nai-hunnemans-urban-advisory-group/cabrini-game/" rel="attachment wp-att-937"><img data-attachment-id="937" data-permalink="https://naihunnemanblog.com/2017/03/27/a-conversation-with-max-pawk-newest-member-of-nai-hunnemans-urban-advisory-group/cabrini-game/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/03/cabrini-game.jpg" data-orig-size="360,450" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;3.2&quot;,&quot;credit&quot;:&quot;Kevin P. Tucker&quot;,&quot;camera&quot;:&quot;Canon EOS-1D Mark IV&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1330534650&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;400&quot;,&quot;iso&quot;:&quot;1600&quot;,&quot;shutter_speed&quot;:&quot;0.000625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="cabrini game" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/03/cabrini-game.jpg?w=240&#038;h=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/03/cabrini-game.jpg?w=360" class="size-medium wp-image-937 alignright" src="https://naihunnemanblog.files.wordpress.com/2017/03/cabrini-game.jpg?w=240&#038;h=300" alt="" width="240" height="300" srcset="https://naihunnemanblog.files.wordpress.com/2017/03/cabrini-game.jpg?w=240&amp;h=300 240w, https://naihunnemanblog.files.wordpress.com/2017/03/cabrini-game.jpg?w=120&amp;h=150 120w, https://naihunnemanblog.files.wordpress.com/2017/03/cabrini-game.jpg 360w" sizes="(max-width: 240px) 100vw, 240px" /></a></p> <p><strong><em>NAIH: What’s it like to be a millennial in CRE? What keeps you motivated?</em></strong></p> <p>I think I’m lucky to be a millennial in Commercial Real Estate. We have an amazing blend of advancing technology, tools, and resources at our disposal to help us attain success in the industry. We’ve had the privilege of being brought up in an era of technology advancements. I think we can use that to our advantage and help us develop our skill set.  What motivates me is the fact that I’m hungry. I think that is probably the biggest driving force behind my motivation. I’m hungry to learn, I’m hungry to grow, and I’m hungry to be successful.</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/936/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/936/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/936/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/936/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/936/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/936/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/936/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/936/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/936/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/936/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/936/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/936/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=936&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/03/27/a-conversation-with-max-pawk-newest-member-of-nai-hunnemans-urban-advisory-group/feed/ 0 naihunneman Max_Pawk 2017-03-27 20:44 +00:00 2017-03-27 15:44 -05:00 http://naihunnemanblog.com/?p=932 https://naihunnemanblog.com/2017/03/22/nai-hunnemans-capital-markets-group-brokers-5-35-million-sale/ Company News Press Release NAI Hunneman’s Capital Markets Group Brokers $5.35 Million Sale Team of Ross, Barroso, Lieber &#38; McKinley represent seller in the owner-occupied sale of 125 Hartwell in Lexington Press Contact: Dave Finnegan &#160; BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $5.35 Million sale of 125 Hartwell Avenue, Lexington. The NAI Hunneman team of Executive Vice President David N. Ross, &#8230; <a href="https://naihunnemanblog.com/2017/03/22/nai-hunnemans-capital-markets-group-brokers-5-35-million-sale/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Capital Markets Group Brokers $5.35 Million&#160;Sale</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=932&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Wed, 22 Mar 2017 14:43:08 Z https://naihunnemanblog.com/2017/03/22/nai-hunnemans-capital-markets-group-brokers-5-35-million-sale/#respond naihunneman <p style="text-align:center;"><em>Team of Ross, Barroso, Lieber &amp; McKinley represent seller in the owner-occupied sale of 125 Hartwell in Lexington</em></p> <p style="text-align:left;"><em>Press Contact: <a href="dfinnegan@naihunneman.com"><span style="text-decoration:underline;color:#0000ff;"><strong>Dave Finnegan</strong></span></a></em></p> <p>&nbsp;</p> <div data-shortcode="caption" id="attachment_933" style="width: 310px" class="wp-caption alignleft"><a href="https://naihunnemanblog.com/2017/03/22/nai-hunnemans-capital-markets-group-brokers-5-35-million-sale/125-hartwell/" rel="attachment wp-att-933"><img data-attachment-id="933" data-permalink="https://naihunnemanblog.com/2017/03/22/nai-hunnemans-capital-markets-group-brokers-5-35-million-sale/125-hartwell/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/03/125-hartwell.jpg" data-orig-size="5623,3736" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;22&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1310882526&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.01666&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="125 Hartwell" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/03/125-hartwell.jpg?w=300&#038;h=199" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/03/125-hartwell.jpg?w=676" class="size-medium wp-image-933" src="https://naihunnemanblog.files.wordpress.com/2017/03/125-hartwell.jpg?w=300&#038;h=199" alt="" width="300" height="199" srcset="https://naihunnemanblog.files.wordpress.com/2017/03/125-hartwell.jpg?w=300&amp;h=199 300w, https://naihunnemanblog.files.wordpress.com/2017/03/125-hartwell.jpg?w=600&amp;h=398 600w, https://naihunnemanblog.files.wordpress.com/2017/03/125-hartwell.jpg?w=150&amp;h=100 150w" sizes="(max-width: 300px) 100vw, 300px" /></a><p class="wp-caption-text">125 Hartwell Avenue | Lexington, MA</p></div> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $5.35 Million sale of 125 Hartwell Avenue, Lexington.</p> <p>The NAI Hunneman team of Executive Vice President David N. Ross, Assistant Vice Presidents Henry Lieber &amp; Gina Barroso, and Senior Associate Ian McKinley represented the seller, 125 Hartwell Trust, and procured the buyer, Eliot Community Human Services, Inc, represented by Phil Burgess of Burgess Properties, Inc.</p> <p>“125 Hartwell Avenue was the perfect location for Eliot Community Services, the largest human services agency in the state, which will fully occupy the building.  The property offered them a corporate headquarters in Lexington, as well as easy highway access and area amenities for their employees,” said Ross.</p> <p>Totaling 38,277 ± square feet, 125 Hartwell is located in the heart of the Route 128 corridor. The property offered two floors (19,200 SF each) of office space, excellent highway access, ample parking generous, clear heights, and a wealth of area amenities.</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/932/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/932/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/932/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/932/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/932/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/932/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/932/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/932/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/932/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/932/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/932/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/932/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=932&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/03/22/nai-hunnemans-capital-markets-group-brokers-5-35-million-sale/feed/ 0 125 Hartwell naihunneman 2017-03-22 14:43 +00:00 2017-03-22 09:43 -05:00 http://naihunnemanblog.com/?p=926 https://naihunnemanblog.com/2017/03/16/weekly-cre-blog-roundup/ Uncategorized Weekly CRE Blog Roundup &#160; Warehouse leasing Tips &#8211; Even if your company has been renting office space for years, entering into a leasing agreement for warehouse space is a whole new experience.  (Source: REoptimizer) 10 Reasons Your CRE Business Needs a CRM in 2017 &#8211; Commercial real estate is a full-time job before you even get down to &#8230; <a href="https://naihunnemanblog.com/2017/03/16/weekly-cre-blog-roundup/" class="more-link">Continue reading <span class="screen-reader-text">Weekly CRE Blog&#160;Roundup</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=926&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Thu, 16 Mar 2017 15:56:16 Z https://naihunnemanblog.com/2017/03/16/weekly-cre-blog-roundup/#respond naihunneman <p>&nbsp;</p> <ol> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2mZxvp9">Warehouse leasing Tips</a></strong></span> &#8211; Even if your company has been renting office space for years, entering into a leasing agreement for warehouse space is a whole new experience.  (<em>Source: REoptimizer)</em></li> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2nnvV1C">10 Reasons Your CRE Business Needs a CRM in 2017</a></strong></span> &#8211; Commercial real estate is a full-time job before you even get down to making deals and signing contracts. Adding a commercial real estate CRM can help reduce your work load and help you operate more efficiently. <em>(Source: ClientLook)</em></li> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2nszlNq">If You Lease Commercial Property, It’s Time to Get on Social Media</a></strong></span> &#8211; Facebook, Twitter, Snapchat, Tumblr – it seems like a new social media platform is popping up every day. There’s no denying the importance of a strong digital presence, but busy commercial real estate professionals need to make sure that time allocated to social media is time well spent. <em>(Source: Cummings Properties)</em></li> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2m0GEPm">Grocers Adapt to Millennial Cold Shoulder: Will it Work?</a></strong></span> &#8211; Doesn’t it seem like we’re always talking about Millennials? If you had any doubt —we should be. (Source: Jon Schultz)</li> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2naFdgV">Key Measures Show Inflation close to 2% in February</a></strong></span> &#8211; According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.5% annualized rate) in February.  <em>(Source: Calculated Risk)</em></li> <li><span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://bit.ly/2naFXCs">What&#8217;s Next for Shopping Malls? What brokers need to know </a></strong></span>&#8211; The owners of malls—and the brokers that find leases for these assets—are certainly very busy right now. <em>(Source: Apto)</em></li> </ol> <p>For more information from our Director of Research follow Liz Berthelette on <span style="text-decoration:underline;color:#0000ff;"><strong>LinkedIn</strong></span> and <span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="https://twitter.com/liz_berthelette">Twitter</a></strong></span>. Click <span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="http://www.naihunneman.com/research.aspx">here</a></strong></span> to access our full suite of quarterly research reports.</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/926/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/926/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/926/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/926/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/926/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/926/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/926/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/926/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/926/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/926/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/926/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/926/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=926&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/03/16/weekly-cre-blog-roundup/feed/ 0 BlogRoundup-Banner-Blog-NEW naihunneman 2017-03-16 15:56 +00:00 2017-03-16 10:56 -05:00