Banker & Tradesman: Nov. 25, 2019

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Turn to page B1 for Banker & Tradesman’s monthly coverage of all things commercial real estate.

THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS

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County close-up: Hampshire Spotlight: Northampton

Tom St. Jean has spent almost 18 years focusing on a single section of the tax code: Section 1031. The code allows taxpayers who sell investment and other types of property to defer capital gains by reinvesting in real estate – as long as they follow all the rules.

IN PERSON

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WEEK OF MONDAY, NOVEMBER 25, 2019

COMMERCIAL REAL ESTATE BY THE NUMBERS

$46 billion WeWork’s initial IPO valuation. See Scott Van Voorhis’ column on this page. Source: Associated Press

416 square feet The size of $2,620-per-month “metro” apartments in a downtown tower. See Steve Adams’ story on page 6. Source: Boston Properties

COMMERCIAL INTERESTS

The Turkeys Real Estate OF

2019 Was a Boom Year – for Cringe-Worthy Flops

70 feet

BY SCOTT VAN VOORHIS

The previous height limit on stickbuilt multifamily buildings. See Jay Fitzgerald’s story on page B1. Source: Massachusetts State Building Code

ith Thanksgiving just days away, it’s time for our annual turkey shoot, where we let loose a healthy dose of verbal buckshot on everything from projects gone wrong to spineless pols and NIMBY neighbors. This year’s turkeys include an estate scheme masquerading as the next big tech start up, NIMBY neighbors on the Cape with “health concerns” over new housing and, alas, a pair of top Bay State politicians who can’t seem to grasp that bold action is needed to deal with soaring home prices and traffic gridlock. Continued on Page 3

100 100 parking spaces were added to a planned South Boston lab building after neighbors complained. See Scott Van Voorhis’ column on this page. Source: BPDA

BANKER & TRADESMAN STAFF

W

10 percent The savings a “5-over-2” building enjoys over an all-steel building in construction costs. See Jay Fitzgerald’s story on page B1. Source: City Realty Group

$39 Boston tenants would pay $39 more per month in rent to live in a building with a pool. See Steve Adams’ story on page 6. Source: National Multifamily Investment Council

26 The number of stories in a proposed Northeastern dorm. See Inside Track on page B1. Source: BPDA

32 The amenities space in The Sudbury tower will be on the 32nd floor. See Steve Adams’ story on page 6. Source: CBT Architects

Unless otherwise noted, all data is sourced from The Warren Group’s Mortgage Market Share Module, Loan Originator Module, Statistics Module and/or proprietary database. For more information please visit www.thewarrengroup. com/business/datasolutions.

UNCOMMON AREAS

CONSUMER DEBT

Developers Sacrifice Leasable Space for Work and Play

Products Offer Help with Credit Card Debt Consolidation, Other One-Time Cash Needs

By Steve Adams | Banker & Tradesman Staff

By Diane McLaughlin | Banker & Tradesman Staff

Luxury Apartments Raise Lenders See Opportunities the Bar (and Lounge) with Personal Loans

Commercial Real Estate PAGE 7

Banking & Lending PAGE 9


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