Our Blog http://naihunnemanblog.com/?p=1355 https://naihunnemanblog.com/2017/06/27/nai-hunneman-q2-market-recap-now-available/ Company News Research NAI Hunneman Q2 Market Recap Now Available While build-to-suit activity propped up absorption, Greater Boston’s commercial real estate markets ended the second quarter with mixed results. Overall market conditions remain positive, however, growth has slowed to a more moderate pace. In the office market, vacancies were flat compared to last quarter as both the Downtown and Cambridge markets posted negative absorption. Biogen’s &#8230; <a href="https://naihunnemanblog.com/2017/06/27/nai-hunneman-q2-market-recap-now-available/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman Q2 Market Recap Now&#160;Available</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1355&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Tue, 27 Jun 2017 18:24:10 Z https://naihunnemanblog.com/2017/06/27/nai-hunneman-q2-market-recap-now-available/#respond Liz Berthelette <p>While build-to-suit activity propped up absorption, Greater Boston’s commercial real estate markets ended the second quarter with mixed results. Overall market conditions remain positive, however, growth has slowed to a more moderate pace.</p> <p><a href="http://www.naihunneman.com/Portals/46/docs/mr/Q2-2017-MarketRECAP-WEB.pdf"><img data-attachment-id="1388" data-permalink="https://naihunnemanblog.com/2017/06/27/nai-hunneman-q2-market-recap-now-available/marketrecap-q2/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/marketrecap-q21.jpg?w=676" data-orig-size="700,400" 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="MarketRECap-Q2" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/marketrecap-q21.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/marketrecap-q21.jpg?w=676?w=676" class=" size-full wp-image-1388 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/06/marketrecap-q21.jpg?w=676" alt="MarketRECap-Q2" srcset="https://naihunnemanblog.files.wordpress.com/2017/06/marketrecap-q21.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2017/06/marketrecap-q21.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2017/06/marketrecap-q21.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2017/06/marketrecap-q21.jpg 700w" sizes="(max-width: 676px) 100vw, 676px" /></a></p> <ol> <li>In the office market, vacancies were flat compared to last quarter as both the Downtown and Cambridge markets posted negative absorption. Biogen’s vacant sublease at 105 Broadway, Whole Foods’ relocation to Marlborough and the demolition of 145 Broadway led to higher vacancies in Cambridge. In the suburbs, the delivery of SharkNinja’s new headquarters in Needham and two large owner-user sales helped the office market post more than 400,000 square feet of demand. Despite a softening in fundamentals asking rents continued to increase; surpassing $33/SF metrowide in the second quarter.</li> <li>Given how tight Greater Boston’s lab market has been, any movement in either direction can impact fundamentals. This quarter, positive absorption in East Cambridge was driven by the delivery of the fully-occupied 50-60 Binney Street. Takeda’s now vacant space at 26 Landsdowne Street and former BIND Therapeutics space at 325 Vassar contributed to negative absorption in Mid Cambridge. In terms of construction Alexandria broke ground on 399 Binney Street and King Street Properties is moving forward with a speculative lab building at 828 Winter Street in Waltham.</li> <li style="text-align:left;">Overall demand remained positive in Greater Boston’s industrial market, with build-to-suit construction and owner-user sales bolstering absorption. That said, modest speculative construction and negative absorption in the north markets kept vacancies elevated compared to last quarter. In one of the largest deals of the quarter, 47 Brand purchased the 465,000-square-foot 140 Laurel Street in Bridgewater and plans to occupy the space, which has been vacant since 2009. Asking rents are nearing $9/SF metrowide, with Flex/R&amp;D space within the Route 128 belt garnering top dollar from tenants.</li> </ol> <p><a href="http://www.naihunneman.com/Portals/46/docs/mr/Q2-2017-MarketRECAP-WEB.pdf">Click here to access Market Recap.</a></p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1355/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1355/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1355/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1355/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1355/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1355/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1355/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1355/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1355/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1355/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1355/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1355/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1355&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/06/27/nai-hunneman-q2-market-recap-now-available/feed/ 0 lberthelette MarketRECap-Q2 2017-06-27 18:24 +00:00 2017-06-27 13:24 -05:00 http://naihunnemanblog.com/?p=1337 https://naihunnemanblog.com/2017/06/26/weekly-cre-blog-roundup-9/ Company News Research 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. Amazon’s Whole Foods Buy Could Transform Retail CRE  &#8211; Nothing has disrupted retail real estate over the last decade, save the Great Recession, more than Amazon. (Source: VTS) Changing Retail Markets Are Forcing Landlords &#8230; <a href="https://naihunnemanblog.com/2017/06/26/weekly-cre-blog-roundup-9/" 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=1337&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Mon, 26 Jun 2017 20:37:26 Z https://naihunnemanblog.com/2017/06/26/weekly-cre-blog-roundup-9/#respond Liz Berthelette <p>Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department.</p> <ol> <li><a href="http://bit.ly/2t0irM5">Amazon’s Whole Foods Buy Could Transform Retail CRE </a> &#8211; Nothing has disrupted retail real estate over the last decade, save the Great Recession, more than Amazon. <em>(Source: VTS) </em></li> <li><a href="http://bit.ly/2t0IIK1">Changing Retail Markets Are Forcing Landlords To Get Creative</a> &#8211; The retail sector is struggling as e-commerce continues its breakneck growth and consumer trends shift. Brick-and-mortar retailers are closing shops and going bankrupt at record levels, which leaves many landlords left managing empty space and losing money.<em>(Source: Apto)</em></li> <li><a href="http://bit.ly/2t0sxfU">4 Ways Traditional Office Buildings Are Competing with Co-Working Spaces</a> &#8211; There have been significant changes in the workplace over the past few years, but few as major as the shift from private offices to co-working spaces. <em>(Source: Ten-X)</em></li> <li><a href="http://bit.ly/2t0ou2Z">4 Marketing Strategies That Didn’t Exist When You Started As a Broker</a> &#8211; Those who have worked in the commercial real estate industry for a long time know that things have changed considerably over time.  <em>(Source: ClientLook)</em></li> <li><a href="http://bit.ly/2t0k10f">New Apartment Developments Still Offer Options</a> &#8211; Most of the news during latest apartment development cycle has focused on the luxury, high-end product that comprises most of the new supply. <em>(Source: Axiometrics)</em></li> </ol><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1337/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1337/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1337/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1337/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1337/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1337/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1337/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1337/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1337/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1337/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1337/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1337/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1337&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/06/26/weekly-cre-blog-roundup-9/feed/ 0 About-Page lberthelette 2017-06-26 20:37 +00:00 2017-06-26 15:37 -05:00 http://naihunnemanblog.com/?p=1311 https://naihunnemanblog.com/2017/06/13/despite-slight-increase-in-unemployment-local-economic-conditions-remain-strong/ Company News Research Local Unemployment Rates Rising. Should we be Concerned? By Liz Berthelette Preliminary April data from the Bureau of Labor Statistics (BLS) highlights a fourth-straight month of rising unemployment rates in Massachusetts. While the number of employed grew by more than 65,000 or 1.9% during the first fourth months of 2017, the labor force also rose at a steady clip. Comparing the Commonwealth to &#8230; <a href="https://naihunnemanblog.com/2017/06/13/despite-slight-increase-in-unemployment-local-economic-conditions-remain-strong/" class="more-link">Continue reading <span class="screen-reader-text">Local Unemployment Rates Rising. Should we be&#160;Concerned?</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1311&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Tue, 13 Jun 2017 14:16:12 Z https://naihunnemanblog.com/2017/06/13/despite-slight-increase-in-unemployment-local-economic-conditions-remain-strong/#respond Liz Berthelette <p><em>By Liz Berthelette</em></p> <p>Preliminary April data from the <a href="https://www.bls.gov/home.htm">Bureau of Labor Statistics (BLS)</a> highlights a fourth-straight month of rising unemployment rates in Massachusetts. While the number of employed grew by more than 65,000 or 1.9% during the first fourth months of 2017, the labor force also rose at a steady clip. Comparing the Commonwealth to the greater United States it’s clear that Massachusetts ranks among a small number of states facing upward pressure on unemployment rates.</p> <p><img data-attachment-id="1316" data-permalink="https://naihunnemanblog.com/2017/06/13/despite-slight-increase-in-unemployment-local-economic-conditions-remain-strong/state-ur/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/state-ur.png?w=657&#038;h=398" data-orig-size="769,481" 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="State UR" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/state-ur.png?w=657&#038;h=398?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/state-ur.png?w=657&#038;h=398?w=676" class=" wp-image-1316 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/06/state-ur.png?w=657&#038;h=398" alt="State UR" width="657" height="398" /></p> <p>Despite this recent uptick, economic conditions remain favorable in Massachusetts. Rates are still 50 basis points below the national average and 160 basis points below the state’s 16-year average. Additionally, some of the areas contending with <a href="http://www.massbenchmarks.org/publications/issues/vol19i1/bm_2017v19i1.pdf">above-average unemployment</a>, including Fall River and Lawrence, have started to see modest improvements.</p> <p><img data-attachment-id="1319" data-permalink="https://naihunnemanblog.com/2017/06/13/despite-slight-increase-in-unemployment-local-economic-conditions-remain-strong/ma-ur/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/ma-ur.png?w=659&#038;h=384" data-orig-size="784,481" 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="MA UR" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/ma-ur.png?w=659&#038;h=384?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/ma-ur.png?w=659&#038;h=384?w=676" class=" wp-image-1319 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/06/ma-ur.png?w=659&#038;h=384" alt="MA UR" width="659" height="384" /></p> <p>If we were to look at employment among highly-skilled laborers Massachusetts is facing a dearth of qualified candidates; leaving unemployment rates among sought-after industries below average.</p> <p><em><img data-attachment-id="1283" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/liz_berthelette-3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" data-orig-size="88,109" 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="Liz_Berthelette" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" class=" size-full wp-image-1283 alignleft" src="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" alt="Liz_Berthelette" /></em></p> <p>&nbsp;</p> <p><em>Liz Berthelette is NAI Hunneman’s Director of Research. You can learn more about here on her <strong><a href="http://www.naihunneman.com/agents/liz-berthelette" target="_blank" rel="noopener">bio</a></strong> or follow her on Twitter at <strong><a href="https://twitter.com/liz_berthelette" target="_blank" rel="noopener">@liz_berthelette</a>.</strong></em></p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1311/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1311/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1311/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1311/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1311/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1311/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1311/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1311/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1311/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1311/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1311/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1311/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1311&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/06/13/despite-slight-increase-in-unemployment-local-economic-conditions-remain-strong/feed/ 0 MA-UnemploymentRate lberthelette State UR MA UR Liz_Berthelette 2017-06-13 14:16 +00:00 2017-06-13 09:16 -05:00 http://naihunnemanblog.com/?p=1266 https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/ Company News Research A Breakdown of NAIOP’s Mid-Year Market Roundup By Liz Berthelette This morning NAIOP Massachusetts hosted its annual Mid-Year Market Roundup. The expert panel presented to a packed-room of real estate professionals; covering topics related to the economy, local and national property markets as well as capital markets. A common theme throughout the presentation was “slower, but not slow.” Below are just some &#8230; <a href="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/" class="more-link">Continue reading <span class="screen-reader-text">A Breakdown of NAIOP&#8217;s Mid-Year Market&#160;Roundup</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1266&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Thu, 08 Jun 2017 19:42:04 Z https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/#respond Liz Berthelette <p>By Liz Berthelette</p> <p>This morning <a href="http://www.naiopma.org/">NAIOP Massachusetts</a> hosted its annual Mid-Year Market Roundup. The expert panel presented to a packed-room of real estate professionals; covering topics related to the economy, local and national property markets as well as capital markets. A common theme throughout the presentation was “slower, but not slow.” Below are just some of the key takeaways from today’s event:</p> <p><img data-attachment-id="1288" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/putting-their-heads-together-to-boost-productivity/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/economic-overview.jpg?w=603&#038;h=386" data-orig-size="5732,3671" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;3.5&quot;,&quot;credit&quot;:&quot;Getty Images&quot;,&quot;camera&quot;:&quot;NIKON D800E&quot;,&quot;caption&quot;:&quot;Shot of coworkers using a computer together in a modern office&quot;,&quot;created_timestamp&quot;:&quot;1464653915&quot;,&quot;copyright&quot;:&quot;pixdeluxe&quot;,&quot;focal_length&quot;:&quot;55&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.005&quot;,&quot;title&quot;:&quot;Putting their heads together to boost productivity&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Putting their heads together to boost productivity" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/economic-overview.jpg?w=603&#038;h=386?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/economic-overview.jpg?w=603&#038;h=386?w=676" class=" wp-image-1288 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/06/economic-overview.jpg?w=603&#038;h=386" alt="Putting their heads together to boost productivity" width="603" height="386" srcset="https://naihunnemanblog.files.wordpress.com/2017/06/economic-overview.jpg?w=603&amp;h=386 603w, https://naihunnemanblog.files.wordpress.com/2017/06/economic-overview.jpg?w=1206&amp;h=772 1206w, https://naihunnemanblog.files.wordpress.com/2017/06/economic-overview.jpg?w=150&amp;h=96 150w, https://naihunnemanblog.files.wordpress.com/2017/06/economic-overview.jpg?w=300&amp;h=192 300w, https://naihunnemanblog.files.wordpress.com/2017/06/economic-overview.jpg?w=768&amp;h=492 768w, https://naihunnemanblog.files.wordpress.com/2017/06/economic-overview.jpg?w=1024&amp;h=656 1024w" sizes="(max-width: 603px) 100vw, 603px" /></p> <p><strong>Economic Overview – </strong><a href="http://www.costargroup.com/about-us/senior-management-group/hans-g-nordby"><strong>Hans Nordby</strong></a></p> <ol> <li>In terms of a recession, it’s not if but when. Leading real estate forecasting and analytics firm; <a href="http://www.costar.com/products/costar-portfolio-strategy">CoStar Portfolio Strategy</a>, is predicting a recession will occur within the next three years. However, the impending downturn should be much milder than the Great Recession of 2009.</li> <li>Several economic indicators remain positive. Corporate profits have been positive in the last three quarters, the unemployment rate is at a 17-year low and real wage growth (accounting for inflation) is as good as it was in the previous two cycles.</li> <li>CRE prices are bobbling at new peaks. While prices are not rising, they aren’t necessarily falling either. Locally, the tide is going out very slowly in Boston so values should remain pretty solid.</li> </ol> <p><img data-attachment-id="1291" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/microscope/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/cambridgelab-market.jpg?w=596&#038;h=371" data-orig-size="4197,2801" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;3&quot;,&quot;credit&quot;:&quot;Getty Images&quot;,&quot;camera&quot;:&quot;NIKON D600&quot;,&quot;caption&quot;:&quot;Scientist placing a slide beneath an optical microscope&quot;,&quot;created_timestamp&quot;:&quot;1437135020&quot;,&quot;copyright&quot;:&quot;nicolas_&quot;,&quot;focal_length&quot;:&quot;60&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.2&quot;,&quot;title&quot;:&quot;Microscope&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Microscope" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/cambridgelab-market.jpg?w=596&#038;h=371?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/cambridgelab-market.jpg?w=596&#038;h=371?w=676" class=" wp-image-1291 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/06/cambridgelab-market.jpg?w=596&#038;h=371" alt="Microscope" width="596" height="371" /></p> <p><strong>Cambridge/Lab Market – </strong><a href="http://www.colliers.com/evan.gallagher?mkt=/us/massachusetts/boston"><strong>Evan Gallagher</strong></a></p> <ol> <li>Biotech has seen a renaissance and Cambridge is the new Florence. Moreover, the epicenter of biotech (Kendall Square) is shifting and expanding to meet the needs of tenant demand.</li> <li>The market is seeing some consolidation in the pharmaceutical industry; as one company expands another contracts. Other challenges include the soft IPO market, FDA scrutiny and lack of talent.</li> <li>The Cambridge office market is cooling and the breakneck pace of rent growth is likely behind us. Tech companies have gotten squeezed by the lack of space and rising rents; leading tenants that remain in Cambridge to downsize by 20-35% upon renewal.</li> <li>While there has been some success in the suburban lab market, one major roadblock remains: hiring. The lack of amenities and transit, compared to Cambridge, make recruiting difficult.</li> </ol> <p><img data-attachment-id="1293" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/retail/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/retail.jpg?w=549&#038;h=318" data-orig-size="1700,1129" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;11&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;1252576356&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;28&quot;,&quot;iso&quot;:&quot;125&quot;,&quot;shutter_speed&quot;:&quot;0.033333333333333&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Retail" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/retail.jpg?w=549&#038;h=318?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/retail.jpg?w=549&#038;h=318?w=676" class=" wp-image-1293 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/06/retail.jpg?w=549&#038;h=318" alt="Retail" width="549" height="318" /></p> <p><strong>Retail – </strong><a href="http://www.cbre.com/people-and-offices/andrea-desimone"><strong>Andrea DeSimone</strong></a></p> <ol> <li>Is this the death of retail? One might think so given the store closure watch list continues to grow, but it may not be time to hit the panic button yet. Leases will happen; they may just take longer and require more creativity.</li> <li>E-commerce continues to thrive, as its share of total retail sales remains on an upward trajectory.</li> <li>Innovative experiences, fitness, the restaurant scene and food halls are active retail sectors right now.</li> </ol> <p><img data-attachment-id="1297" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/beautiful-view-of-the-city-of-boston/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/downtown-boston.jpg?w=544&#038;h=362" data-orig-size="3000,2000" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;13&quot;,&quot;credit&quot;:&quot;Getty Images\/iStockphoto&quot;,&quot;camera&quot;:&quot;Canon EOS 60D&quot;,&quot;caption&quot;:&quot;View of the Boston Harbor and Financial District in Boston, Massachusetts, USA on a sunny summer day.&quot;,&quot;created_timestamp&quot;:&quot;1390742201&quot;,&quot;copyright&quot;:&quot;Marcio Silva&quot;,&quot;focal_length&quot;:&quot;17&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;Beautiful view of the city of Boston&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Beautiful view of the city of Boston" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/downtown-boston.jpg?w=544&#038;h=362?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/downtown-boston.jpg?w=544&#038;h=362?w=676" class=" wp-image-1297 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/06/downtown-boston.jpg?w=544&#038;h=362" alt="Beautiful view of the city of Boston" width="544" height="362" srcset="https://naihunnemanblog.files.wordpress.com/2017/06/downtown-boston.jpg?w=544&amp;h=362 544w, https://naihunnemanblog.files.wordpress.com/2017/06/downtown-boston.jpg?w=1086&amp;h=724 1086w, https://naihunnemanblog.files.wordpress.com/2017/06/downtown-boston.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2017/06/downtown-boston.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2017/06/downtown-boston.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2017/06/downtown-boston.jpg?w=1024&amp;h=683 1024w" sizes="(max-width: 544px) 100vw, 544px" /></p> <p><strong>Downtown Office – </strong><a href="http://www.us.jll.com/united-states/en-us/people/201/ben-heller"><strong>Ben Heller</strong></a></p> <ol> <li>Over the last 10 years, the office market has experienced disruptive changes – driven by technology and changing workforce demographics.</li> <li>How has Boston evolved in the past decade? The city is now on the global HQ map, premium locations have shifted and the definition of core product has changed.</li> <li>Downtown office asking rents are 11% above the previous peak and vacancies are still near 15-year lows.</li> </ol> <p><img data-attachment-id="1300" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/multifamily/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/multifamily.jpg?w=611&#038;h=372" data-orig-size="5616,3744" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;Elisif Andrews Brandon&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1454335060&quot;,&quot;copyright&quot;:&quot;\u00a9 Elisif Andrews Brandon&quot;,&quot;focal_length&quot;:&quot;17&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.022222222222222&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Multifamily" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/multifamily.jpg?w=611&#038;h=372?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/multifamily.jpg?w=611&#038;h=372?w=676" class=" wp-image-1300 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/06/multifamily.jpg?w=611&#038;h=372" alt="Multifamily" width="611" height="372" /></p> <p><strong>Multifamily – </strong><a href="http://tccrealestate.com/sue-hawkes-2/"><strong>Sue Hawkes</strong></a></p> <ol> <li>The Boston multifamily market is still seeing price appreciation, but the pace of growth has slowed.</li> <li>Transit is hugely responsible for the success of multifamily product in more tertiary markets (i.e., Somerville and East Boston).</li> <li>Amenity wars are alive and well while some tenants are moving every year in order to take advantage of concession packages offered in the newest buildings.</li> <li>Affordability is a major factor in Boston; lack of affordable housing will most likely impact Boston’s labor market.</li> </ol> <p><img data-attachment-id="1304" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/urban-waterfront-skyline-seen-from-boston-harbor/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/capital-markets.jpg?w=606&#038;h=403" data-orig-size="3011,2000" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Getty Images\/iStockphoto&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;modern skyscrapers rising from boston skyline, many boat s sailing in the atlantic ocean, view from Boston Harbor in autumn&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;iSweetRiver&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;urban waterfront skyline seen from Boston Harbor&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="urban waterfront skyline seen from Boston Harbor" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/capital-markets.jpg?w=606&#038;h=403?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/capital-markets.jpg?w=606&#038;h=403?w=676" class=" wp-image-1304 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/06/capital-markets.jpg?w=606&#038;h=403" alt="urban waterfront skyline seen from Boston Harbor" width="606" height="403" srcset="https://naihunnemanblog.files.wordpress.com/2017/06/capital-markets.jpg?w=606&amp;h=403 606w, https://naihunnemanblog.files.wordpress.com/2017/06/capital-markets.jpg?w=1212&amp;h=806 1212w, https://naihunnemanblog.files.wordpress.com/2017/06/capital-markets.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2017/06/capital-markets.jpg?w=300&amp;h=199 300w, https://naihunnemanblog.files.wordpress.com/2017/06/capital-markets.jpg?w=768&amp;h=510 768w, https://naihunnemanblog.files.wordpress.com/2017/06/capital-markets.jpg?w=1024&amp;h=680 1024w" sizes="(max-width: 606px) 100vw, 606px" /></p> <p><strong>Capital Markets – </strong><a href="http://www.ngkf.com/home/about-our-firm/global-offices/us-offices/boston/professional-profiles.aspx?d=36300"><strong>Edward Maher</strong></a></p> <ol> <li>The capital markets are not as quiet as you think. While sales volume is down 18% year-over-year in Boston, these levels are still solid compared to previous years.</li> <li>Foreign investors perceive Boston to be one of the best places to do business. However, there is very little inventory available for purchase.</li> <li>The buyer pool is thinning and overall pricing is flat in Boston.</li> <li>Looking to the future, the action will be concentrated in the suburbs. With that said, the suburbs remain untested waters. Moreover, foreign capital remains “snobby,” and likely won’t stray too far from core, downtown assets.</li> </ol> <p>Overall consensus on the Boston market was still positive despite some risks to the near-term forecast.</p> <p><em><img data-attachment-id="1283" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/liz_berthelette-3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=78&#038;h=96" data-orig-size="88,109" 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="Liz_Berthelette" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=78&#038;h=96?w=88" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=78&#038;h=96?w=88" class=" wp-image-1283 alignleft" src="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=78&#038;h=96" alt="Liz_Berthelette" width="78" height="96" srcset="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=78&amp;h=96 78w, https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg 88w" sizes="(max-width: 78px) 100vw, 78px" /></em></p> <p>&nbsp;</p> <p><em>Liz Berthelette is NAI Hunneman&#8217;s Director of Research. You can learn more about here on her <span style="text-decoration:underline;color:#3366ff;"><strong><a href="http://www.naihunneman.com/agents/liz-berthelette" target="_blank" rel="noopener">bio</a></strong></span> or follow her on Twitter at <strong><span style="text-decoration:underline;"><a href="https://twitter.com/liz_berthelette" target="_blank" rel="noopener">@liz_berthelette</a>.</span></strong></em></p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1266/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1266/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1266/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1266/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1266/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1266/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1266/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1266/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1266/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1266/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1266/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1266/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1266&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/feed/ 0 lberthelette Putting their heads together to boost productivity Microscope Retail Beautiful view of the city of Boston Multifamily urban waterfront skyline seen from Boston Harbor Liz_Berthelette 2017-06-08 19:42 +00:00 2017-06-08 14:42 -05:00 http://naihunnemanblog.com/?p=1261 https://naihunnemanblog.com/2017/06/07/weekly-cre-blog-roundup-8/ Company News Research 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. 5 issues that scare off commercial tenants &#8211; As a commercial real estate broker, you’ve mastered what is truly a complicated industry. (Source: Apto) Mixed-Use: Creating New Value for Retail Properties &#8211; The blurring &#8230; <a href="https://naihunnemanblog.com/2017/06/07/weekly-cre-blog-roundup-8/" 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=1261&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Wed, 07 Jun 2017 18:10:16 Z https://naihunnemanblog.com/2017/06/07/weekly-cre-blog-roundup-8/#respond Liz Berthelette <p>Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department.</p> <ol> <li><a href="http://bit.ly/2r1sAHE">5 issues that scare off commercial tenants</a> &#8211; As a commercial real estate broker, you’ve mastered what is truly a complicated industry. <em>(Source: Apto)</em></li> <li><a href="http://bit.ly/2r1YF1T">Mixed-Use: Creating New Value for Retail Properties</a> &#8211; The blurring of lines between where we work and where we shop will have a medium impact on shopping centers, restaurants, bars and office buildings over the next decade. <em>(Source: VTS)</em></li> <li><a href="http://bit.ly/2r2mzdI">2017 Mid-Year Office Trend Analysis</a> &#8211; As 2017 nears its mid point, this year&#8217;s four top office trends are already emerging. As you consider making changes to your portfolio, keep these new directions in mind.<em> (Source: REoptimizer)</em></li> <li><a href="http://bit.ly/2r1UBio">This Week in the Economy</a> &#8211; Stocks indexes advance for the week despite poor jobs report. (Source: The Tenant Advisor)</li> <li><a href="http://bit.ly/2r26hSj">Is a Bubble Brewing in the Multifamily Housing Market?</a> &#8211; Out of all major commercial real estate categories, the multifamily market has strengthened the most since the last recession. <em>(Source: St. Louis Fed)</em></li> </ol><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1261/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1261/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1261/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1261/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1261/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1261/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1261/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1261/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1261/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1261/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1261/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1261/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1261&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/06/07/weekly-cre-blog-roundup-8/feed/ 0 About-Page lberthelette 2017-06-07 18:10 +00:00 2017-06-07 13:10 -05:00 http://naihunnemanblog.com/?p=1249 https://naihunnemanblog.com/2017/05/30/chris-walsh-receives-mai-designation/ Company News Press Release Chris Walsh Receives MAI Designation Vice President with NAI Hunneman’s Appraisal &#38; Consulting Group awarded MAI designation by The Appraisal Institute Boston – NAI Hunneman is pleased to announce that Christopher M. Walsh, MAI, an appraiser and Vice President has been awarded the Appraisal Institute’s prestigious MAI designation.  Mr. Walsh has been a real estate appraiser and consultant in Greater &#8230; <a href="https://naihunnemanblog.com/2017/05/30/chris-walsh-receives-mai-designation/" class="more-link">Continue reading <span class="screen-reader-text">Chris Walsh Receives MAI&#160;Designation</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1249&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Tue, 30 May 2017 19:35:21 Z https://naihunnemanblog.com/2017/05/30/chris-walsh-receives-mai-designation/#respond Liz Berthelette <p style="text-align:center;"><em>Vice President with NAI Hunneman’s Appraisal &amp; Consulting Group awarded MAI designation by The Appraisal Institute </em></p> <div data-shortcode="caption" id="attachment_1252" style="width: 177px" class="wp-caption alignleft"><img data-attachment-id="1252" data-permalink="https://naihunnemanblog.com/2017/05/30/chris-walsh-receives-mai-designation/chris-walsh-headshot/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/05/chris-walsh-headshot-e1496172740599.jpg?w=167&#038;h=220" data-orig-size="842,1109" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;2.4&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 5s&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1495617191&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;2.15&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.033333333333333&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Chris Walsh Headshot" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/05/chris-walsh-headshot-e1496172740599.jpg?w=167&#038;h=220?w=228" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/05/chris-walsh-headshot-e1496172740599.jpg?w=167&#038;h=220?w=676" class=" wp-image-1252 alignleft" src="https://naihunnemanblog.files.wordpress.com/2017/05/chris-walsh-headshot-e1496172740599.jpg?w=167&#038;h=220" alt="Chris Walsh Headshot" width="167" height="220" srcset="https://naihunnemanblog.files.wordpress.com/2017/05/chris-walsh-headshot-e1496172740599.jpg?w=167&amp;h=220 167w, https://naihunnemanblog.files.wordpress.com/2017/05/chris-walsh-headshot-e1496172740599.jpg?w=334&amp;h=440 334w, https://naihunnemanblog.files.wordpress.com/2017/05/chris-walsh-headshot-e1496172740599.jpg?w=114&amp;h=150 114w, https://naihunnemanblog.files.wordpress.com/2017/05/chris-walsh-headshot-e1496172740599.jpg?w=228&amp;h=300 228w" sizes="(max-width: 167px) 100vw, 167px" /><p class="wp-caption-text">Christopher M. Walsh, MAI | Vice President | NAI Hunneman Appraisal &amp; Consulting</p></div> <p>Boston – NAI Hunneman is pleased to announce that Christopher M. Walsh, MAI, an appraiser and Vice President has been awarded the Appraisal Institute’s prestigious MAI designation.  Mr. Walsh has been a real estate appraiser and consultant in Greater Boston for over 30 years, and began his appraisal career at Hunneman Appraisal &amp; Consulting Company (now NAI Hunneman) in Boston in 1986.  Mr. Walsh’s valuation experience includes a wide range of commercial, industrial, residential, and special purpose properties, as well as, residential subdivisions, condominium feasibility analyses, and marketability studies.</p> <p>“We congratulate Chris on this well-deserved honor,” said NAI Hunneman Executive Vice President &amp; Director of Appraisal &amp; Consulting, Emmet Logue, MAI, CRE<sup>®</sup>. “Chris is a valued member of our team and we appreciate the time he dedicated to attaining this recognition, while always providing the highest level of service and professionalism to our clients.”</p> <p>Mr. Walsh has extensive experience assisting clients with real property valuation and counseling for estate planning and tax purposes, real estate tax appeals, dispute resolution, mortgage financing, divorce settlements, due diligence and strategic planning, land conservation, and condemnation work in conjunction with several of the State’s largest projects including Boston’s Central Artery / Ted Williams Tunnel Project and the MBTA Greenbush Line servicing Boston’s South Shore.  He lives in Foxboro with his wife, son, and daughter.  Presently, his son and daughter are attending college at the University of Maryland and James Madison University.</p> <p><strong><u>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 of 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 7,000 professionals and 400 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/1249/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1249/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1249/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1249/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1249/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1249/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1249/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1249/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1249/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1249/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1249/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1249/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1249&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/05/30/chris-walsh-receives-mai-designation/feed/ 0 lberthelette Chris Walsh Headshot 2017-05-30 19:35 +00:00 2017-05-30 14:35 -05:00 http://naihunnemanblog.com/?p=1245 https://naihunnemanblog.com/2017/05/25/weekly-cre-blog-roundup-7/ Company News Research 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. 3 Ways Last-Mile Delivery is Impacting Local CRE Markets &#8211; Last-mile delivery is the process of getting a product to its final destination. (Source: NAI Global) 10 Tips to Choosing a Property Management Company &#8230; <a href="https://naihunnemanblog.com/2017/05/25/weekly-cre-blog-roundup-7/" 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=1245&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Thu, 25 May 2017 14:22:17 Z https://naihunnemanblog.com/2017/05/25/weekly-cre-blog-roundup-7/#respond Liz Berthelette <p>Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department.</p> <ol> <li><a href="http://bit.ly/2qcDJos" target="_blank" rel="noopener noreferrer">3 Ways Last-Mile Delivery is Impacting Local CRE Markets</a> &#8211; Last-mile delivery is the process of getting a product to its final destination. <em>(Source: NAI Global)</em></li> <li><a href="http://bit.ly/2qcTX0Y" target="_blank" rel="noopener noreferrer">10 Tips to Choosing a Property Management Company</a> &#8211; If you’re new in the real estate business and thinking of investing in a rental property, choosing a reputable property manager should be one of your top priorities. <em>(Source: RealMassive)</em></li> <li><a href="http://bit.ly/2qcJkeQ" target="_blank" rel="noopener noreferrer">How CRE Valuation Works</a> &#8211; Property valuation is an important piece of the commercial real estate transaction puzzle. But how exactly does it work? <em>(Source: Reonomy)</em></li> <li><a href="http://bit.ly/2qcUos8" target="_blank" rel="noopener noreferrer">3 productivity app for CRE brokers in 2017</a> &#8211; As a commercial real estate broker, you have to ensure you’re making the best use of your time at any given moment. <em>(Source: Apto)</em></li> <li><a href="http://bit.ly/2qcW8Sc" target="_blank" rel="noopener noreferrer">Ways to Conduct a Commercial Lease Audit</a> &#8211; Is the lease for your commercial office space really fair? <em>(Source: REoptimizer)</em></li> </ol><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1245/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1245/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1245/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1245/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1245/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1245/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1245/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1245/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1245/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1245/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1245/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1245/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1245&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/05/25/weekly-cre-blog-roundup-7/feed/ 0 About-Page lberthelette 2017-05-25 14:22 +00:00 2017-05-25 09:22 -05:00 http://naihunnemanblog.com/?p=1235 https://naihunnemanblog.com/2017/05/23/5-reasons-why-east-boston-could-be-bostons-next-seaport/ Company News Research 5 Reasons Why East Boston Could be Boston’s Next Seaport By Liz Berthelette &#8211; Director of Research East Boston boasts a major transportation hub (Logan International Airport), public transit access (the Blue Line), an eclectic mix of commercial users, plenty of highly-sought after industrial space (ripe for conversion) and water views. Sound familiar? Looking at the Seaport just 5-10 years ago; you’ll find a similar &#8230; <a href="https://naihunnemanblog.com/2017/05/23/5-reasons-why-east-boston-could-be-bostons-next-seaport/" class="more-link">Continue reading <span class="screen-reader-text">5 Reasons Why East Boston Could be Boston’s Next&#160;Seaport</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1235&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Tue, 23 May 2017 16:22:52 Z https://naihunnemanblog.com/2017/05/23/5-reasons-why-east-boston-could-be-bostons-next-seaport/#respond Liz Berthelette <p><em>By Liz Berthelette &#8211; Director of Research</em></p> <p><a href="http://www.bostonplans.org/neighborhoods/east-boston/at-a-glance">East Boston</a> boasts a major transportation hub (<a href="https://www.massport.com/logan-airport/">Logan International Airport</a>), public transit access (<a href="http://www.mbta.com/schedules_and_maps/subway/lines/?route=BLUE">the Blue Line</a>), an eclectic mix of commercial users, plenty of highly-sought after industrial space (ripe for conversion) and water views. Sound familiar? Looking at the <a href="http://www.bostonplans.org/neighborhoods/south-boston-waterfront/at-a-glance">Seaport</a> just 5-10 years ago; you’ll find a similar picture. This neighborhood’s transformation could provide a glimpse into East Boston’s future.</p> <p><img data-attachment-id="1239" data-permalink="https://naihunnemanblog.com/2017/05/23/5-reasons-why-east-boston-could-be-bostons-next-seaport/nextseaport-eastboston-blog/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/05/nextseaport-eastboston-blog.jpg?w=676" data-orig-size="1458,833" 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="NextSeaport-EastBoston-Blog" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/05/nextseaport-eastboston-blog.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/05/nextseaport-eastboston-blog.jpg?w=676?w=676" class=" size-full wp-image-1239 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/05/nextseaport-eastboston-blog.jpg?w=676" alt="NextSeaport-EastBoston-Blog" srcset="https://naihunnemanblog.files.wordpress.com/2017/05/nextseaport-eastboston-blog.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2017/05/nextseaport-eastboston-blog.jpg?w=1352 1352w, https://naihunnemanblog.files.wordpress.com/2017/05/nextseaport-eastboston-blog.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2017/05/nextseaport-eastboston-blog.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2017/05/nextseaport-eastboston-blog.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2017/05/nextseaport-eastboston-blog.jpg?w=1024 1024w" sizes="(max-width: 676px) 100vw, 676px" /></p> <p>Here are the top 5 reasons Eastie may be next in Boston’s path of growth:</p> <ol> <li><strong>The Area’s Growing Artist Colony</strong>. Historically artists have clustered in the Seaport’s <a href="http://www.fortpointarts.org/">Fort Point</a> neighborhood, as the area offered cheap commercial space among the abandoned factories. Unprecedented growth and development over the past 15+ years has brought millions of square feet of new commercial real estate to the Seaport and with it, higher rents. Facing this increased pricing local artists have been turning to more affordable destinations in <a href="http://www.eastbostonartists.org/">East Boston</a>, Lowell and beyond. The <a href="https://www.icaboston.org/">ICA</a> also recently announced plans to construct a satellite location across the harbor in an abandoned industrial building. This expansion, which is slated to open in 2018, should attract more artists to the East Boston community.</li> <li><strong>Access to the T. </strong>The importance of Boston’s public transit system to this cycle cannot be overstated. Recent demographic trends have led to increasing demand for urban living/working, and subsequently, public transportation. Downtown Boston as well as connections to the Orange and Green lines are just a few short stops, via the Blue Line at <a href="http://www.mbta.com/schedules_and_maps/subway/lines/stations/?stopId=13699&amp;lat=42.368343&amp;lng=-71.038422">Maverick Station</a> or <a href="http://www.mbta.com/schedules_and_maps/subway/lines/stations/?stopId=15417&amp;lat=42.374542&amp;lng=-71.029485">Airport Station</a>, from East Boston — making the area ideal for young professionals looking for easy access to the city’s employment centers.</li> <li><strong>The Expanding Population Base. </strong><a href="https://www.zumper.com/apartments-for-rent/boston-ma/harbor-view-orient-heights">Cheaper housing</a> (relative to the rest of Boston), new construction, increased amenities, and public transit access have all helped attract residents to East Boston. With a population base of more than 43,000 in 2016 the number of residents has increased by 12% since 2000; topping ESRI’s list of fastest growing <a href="https://boston.curbed.com/2017/5/4/15546096/fastest-growing-neighborhoods-map">Boston neighborhoods</a>. While the Seaport maintains a much smaller resident population, the growth patterns over the last 20 years have been similar.</li> <li><strong>New Residential Development. </strong>Similar to the Seaport, East Boston has seen an uptick in <a href="http://www.bostonplans.org/projects/development-projects">construction</a> over the last few years. More than 500 multifamily units have come on line here since 2014 and another 850 units are currently under construction. While the large number of new residential developments (including many luxury projects) have led to a massive run-up in home prices and rents in East Boston, the demand for new housing remains solid here.</li> <li><strong>The Potential Redevelopment of Suffolk Downs. </strong>The recent sale of the <a href="https://www.bostonglobe.com/business/2017/03/30/gaming-regulators-approve-sale-suffolk-downs-developer/kIwPRdhmWYcC8IGkqyi3GL/story.html">Suffolk Downs</a> track in East Boston to developer HYM Investment Group could bring much-needed commercial space to the neighborhood. While details of any planned developments are scant, a project like <a href="http://bginvestors.com/master-plan/seaport-square/">Seaport Square</a> in the Seaport or <a href="http://www.assemblyrow.com/">Assembly Row</a> in Somerville could put East Boston on the map for retailers and commercial users.</li> </ol> <p>As Boston’s urban population and employment base expand further, look for continued growth and development in somewhat new frontiers like East Boston.</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1235/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1235/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1235/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1235/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1235/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1235/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1235/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1235/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1235/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1235/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1235/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1235/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1235&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/05/23/5-reasons-why-east-boston-could-be-bostons-next-seaport/feed/ 0 lberthelette NextSeaport-EastBoston-Blog 2017-05-23 16:22 +00:00 2017-05-23 11:22 -05:00 http://naihunnemanblog.com/?p=1218 https://naihunnemanblog.com/2017/05/22/new-from-our-research-department-nai-hunnemans-multifamily-market-report/ Company News Investment Multifamily Research New from our Research Department: NAI Hunneman’s Multifamily Market Report NAI Hunneman&#8217;s Research Department is pleased to present its new multifamily market report for the Greater Boston area. The report provides information on both market-rate as well as affordable product, and covers the Greater Boston, Providence and Springfield/Worcester Metropolitan areas. Some of the report&#8217;s highlights for Q1 include: Demand drivers impress as both population and &#8230; <a href="https://naihunnemanblog.com/2017/05/22/new-from-our-research-department-nai-hunnemans-multifamily-market-report/" class="more-link">Continue reading <span class="screen-reader-text">New from our Research Department: NAI Hunneman&#8217;s Multifamily Market&#160;Report</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1218&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Mon, 22 May 2017 14:12:42 Z https://naihunnemanblog.com/2017/05/22/new-from-our-research-department-nai-hunnemans-multifamily-market-report/#respond Liz Berthelette <p><img data-attachment-id="1230" data-permalink="https://naihunnemanblog.com/2017/05/22/new-from-our-research-department-nai-hunnemans-multifamily-market-report/cover-webimage/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/05/cover-webimage.jpg?w=224&#038;h=273" data-orig-size="576,744" 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;1495444923&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="Cover-WebImage" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/05/cover-webimage.jpg?w=224&#038;h=273?w=232" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/05/cover-webimage.jpg?w=224&#038;h=273?w=576" class=" wp-image-1230 alignright" src="https://naihunnemanblog.files.wordpress.com/2017/05/cover-webimage.jpg?w=224&#038;h=273" alt="Cover-WebImage" width="224" height="273" />NAI Hunneman&#8217;s Research Department is pleased to present its new multifamily market report for the Greater Boston area. The report provides information on both market-rate as well as affordable product, and covers the Greater Boston, Providence and Springfield/Worcester Metropolitan areas. Some of the report&#8217;s highlights for Q1 include:</p> <ol> <li>Demand drivers impress as both population and employment trends remain positive throughout New England’s largest metro areas.</li> <li>On the supply-side market rate construction has been concentrated in Greater Boston, with more than 5,300 units delivering in 2016.</li> <li>The recent proposal of tax cuts under the new administration has created some uncertainty around federal low-income housing tax credits. This uncertainty in the marketplace has led to a devaluing of the credits; which have gone down by as much as 15 percent.</li> <li>At a macro level, the new year brought falling transaction volume in the commercial real estate markets with multifamily and development sites faring the worst according to Real Capital Analytics. The Greater Boston multifamily market is no exception with transacted dollar volumes reaching their lowest point since the first quarter of 2012.</li> </ol> <p>To access a copy of the full report please click <span style="text-decoration:underline;color:#0000ff;"><strong><a style="color:#0000ff;text-decoration:underline;" href="https://user-169168.cld.bz/Q1-2017-MultifamilyReport-WEB/6" target="_blank" rel="noopener noreferrer">here</a></strong></span>.</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1218/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1218/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1218/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1218/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1218/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1218/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1218/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1218/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1218/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1218/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1218/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1218/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1218&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/05/22/new-from-our-research-department-nai-hunnemans-multifamily-market-report/feed/ 0 lberthelette Cover-WebImage 2017-05-22 14:12 +00:00 2017-05-22 09:12 -05:00 http://naihunnemanblog.com/?p=1207 https://naihunnemanblog.com/2017/05/18/buying-commercial-real-estate-here-are-3-advantages-to-property-managements-involvement-in-the-due-diligence-process/ Company News Property Management Buying Commercial Real Estate? Here are 3 Advantages to Property Management’s Involvement in the Due Diligence Process. Purchasing a commercial property can be challenging; sometimes requiring a significant amount of due diligence in a short period of time. During this truncated timeframe, the new buyers need to complete a detailed investigation of the property to determine whether or not they remain satisfied with the asset and all its systems before closing the &#8230; <a href="https://naihunnemanblog.com/2017/05/18/buying-commercial-real-estate-here-are-3-advantages-to-property-managements-involvement-in-the-due-diligence-process/" class="more-link">Continue reading <span class="screen-reader-text">Buying Commercial Real Estate? Here are 3 Advantages to Property Management’s Involvement in the Due Diligence&#160;Process.</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1207&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Thu, 18 May 2017 14:26:40 Z https://naihunnemanblog.com/2017/05/18/buying-commercial-real-estate-here-are-3-advantages-to-property-managements-involvement-in-the-due-diligence-process/#respond Liz Berthelette <p>Purchasing a commercial property can be challenging; sometimes requiring a significant amount of due diligence in a short period of time. During this truncated timeframe, the new buyers need to complete a detailed investigation of the property to determine whether or not they remain satisfied with the asset and all its systems before closing the transaction.</p> <p>Buyers can easily be overwhelmed and get lost in the details. NAI Hunneman’s COO &amp; Director of Property Management, Steve Prozinski, looks at three key advantages to enlisting the assistance of a property management team during the due diligence period in order to ensure all the details are covered.</p> <p><img data-attachment-id="1212" data-permalink="https://naihunnemanblog.com/2017/05/18/buying-commercial-real-estate-here-are-3-advantages-to-property-managements-involvement-in-the-due-diligence-process/propertymanagement-blog/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/05/propertymanagement-blog.jpg?w=676" data-orig-size="407,396" 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="PropertyManagement-Blog" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/05/propertymanagement-blog.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/05/propertymanagement-blog.jpg?w=676?w=407" class=" size-full wp-image-1212 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/05/propertymanagement-blog.jpg?w=676" alt="PropertyManagement-Blog" srcset="https://naihunnemanblog.files.wordpress.com/2017/05/propertymanagement-blog.jpg 407w, https://naihunnemanblog.files.wordpress.com/2017/05/propertymanagement-blog.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2017/05/propertymanagement-blog.jpg?w=300 300w" sizes="(max-width: 407px) 100vw, 407px" /></p> <ol> <li><strong><u>Create A Property Budget:</u> </strong>With years of operating budget experience under our belt, our Property Management team is able to provide buyers with an unbiased budget based on expected asset performance. This has proved to be an invaluable tool as the buyer can review it against the proposed budget in the Offering Memorandum (OM).</li> <li><strong><u>Thoroughly Review Leases:</u> </strong>Our team performs an extensive analysis of all tenant leases; looking for any terms or options that could present a problem prior to closing the sale or upon assuming new ownership.  We also review all leases and amendments to confirm the accuracy of information presented in the OM — ensuring the marketing materials represent reality. Finally, our team examines the effects of certain decisions, such as future operating costs vs. capital costs and how these decisions could impact the on-going escalations from the tenant.</li> <li><strong><u>Examine Physical Conditions:</u> </strong>Conducting an extensive review of a property’s physical conditions involves reviewing specific areas or building systems (i.e., HVAC or roof conditions) with third-party consultants and experts to help identify any hot button issues. Then our Property Management team creates a capital plan for the asset, which provides the buyer with detailed information on potential repairs required on the building.</li> </ol> <p>Over the years, NAI Hunneman’s Property Management team has saved new owners millions of dollars by identifying discrepancies in property OM’s, as well as discovering capital items that need to be addressed prior to the close of sale.</p> <p>Our team can act fast, especially within the tight time constraints of the due diligence process, and our clients have benefitted tremendously.</p> <p><em>Steve Prozinski is NAI Hunneman’s Chief Operating Officer &amp; Director of the Company’s Property Management Division, which oversees a portfolio in excess of 7 million square feet. For more information on our property management services visit our </em><a href="http://www.naihunneman.com/services/property-management"><em>website</em></a><em>.</em></p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1207/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1207/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1207/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1207/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1207/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1207/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1207/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1207/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1207/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1207/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1207/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1207/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1207&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/05/18/buying-commercial-real-estate-here-are-3-advantages-to-property-managements-involvement-in-the-due-diligence-process/feed/ 0 lberthelette PropertyManagement-Blog 2017-05-18 14:26 +00:00 2017-05-18 09:26 -05:00