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