From July 16-18, retailers and real estate professionals convened for the International Council of Shopping Centers’ (ICSC) New England Conference. The conference, taking place at the John B. Hynes Convention Center in Boston, consisted of networking opportunities, keynote speakers, and concurrent panel sessions. One of the panel discussions was moderated by NAI Hunneman’s Research Director, … Continue reading ICSC Panel – Into the Mindset of Millennials
The Federal Reserve decided to raise its benchmark rate to a range of 1.75 to 2 percent recently, the second rate hike this year and the 8th since 2015. The Federal Open Market Committee also signaled they expect to have four total increases this year, a departure from their March projection of three. There is … Continue reading The Fed Increased Interest Rates; Don’t Panic.
As discussed in our Q1 2018 office market report, transaction volume failed to make headway in Boston’s office market during the first quarter of 2018. With that said, Boston remains a highly-desirable destination for capital among all investor types, and the limited inventory of available properties for sale continues to drive up pricing. Similar to national … Continue reading Suburbs Dominate Recent Office Sales
Roth & Evans represent Accu-Time Systems in relocation and expansion within Boston’s Financial District NAI Hunneman recently completed a 5,044 SF long-term lease transaction with Accu-Time Systems. The Connecticut based time and attendance technology company will be relocating from 175 Federal Street to the ninth floor of 133 Federal Street this Summer. NAI Hunneman Urban … Continue reading NAI Hunneman’s Urban Advisory Group Brokers 5,044 SF Lease at 133 Federal Street
Two weeks ago, the New England Real Estate Journal hosted the 2018 South of Boston Summit, where people working in industries ranging from construction to politics congregated to discuss the current state of the South Shore market. Discussions included the continued growth of the multifamily sector, historically low-interest rates and their impact on select commercial … Continue reading From The Research Desk – Takeaways from the New England Real Estate Journal’s South of Boston Summit
Minnerly, Osvold & Hannigan represent Landlord & Taryn Wilson of NKF represents Tenant in transaction at Route 1 warehouse building BOSTON, MA - NAI Hunneman recently completed a 32,995 SF lease with Reiser at 1245 Providence Highway in Sharon, MA, bringing the building to 100% occupancy. The transaction will serve as an additional location for … Continue reading NAI Hunneman’s Leasing & Advisory Services Group completes 32,995 SF lease at 1245 Providence Highway in Sharon
NAI Affiliates combine resources to complete lease transaction for a new location at Steeplegate Mall minutes from downtown Concord, NH NAI Hunneman & NAI Norwood recently completed a 35,191 SF lease transaction with Altitude Trampoline Park for a new location within the former Circuit City space at the Steeplegate Mall in Concord, NH. The new … Continue reading NAI Hunneman Partners with NAI Norwood Group on 35,191 SF Lease for Altitude Trampoline Park at Steeplegate Mall
Urban and Suburban teams combine efforts for a new 23,000 SF location at Waltham Park for the popular microbrewery BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently represented Duffy Properties as well as tenant Mighty Squirrel Brewing Co. for a new 23,000 SF, 15-year lease at 411 Waverley Oaks Road (Building 1) … Continue reading NAI Hunneman Completes Lease with Mighty Squirrel Brewing Co. for New Location at Waverley Oaks Park
CoStar recently held an event in which some of their top real estate experts presented a detailed overlook of the current and projected state of the Multifamily market, both locally and nationally. Below are a few central takeaways: The Golden Age of Multifamily continues to evolve: Due to the increase in the “top of … Continue reading From The Research Department – CoStar 2018 U.S. Multifamily Outlook
RealTalk CRE to focus on industry trends, economic data, forecasts and more NAI Hunneman is pleased to announce that Director of Research Liz Berthelette will be debuting a new podcast this week. Real Talk CRE is a 30-minute show where Liz will be taking her more than 12 years as a research director and economist … Continue reading NAI Hunneman Research Director Launches New Podcast
NAI Hunneman’s Robert Tito & NAI Puget Sound’s Wyk Parker represented the seller of a 41,405 SF office building in Kirkland Washington BOSTON—NAI Hunneman, a leading provider of commercial real estate services, in conjunction with NAI Puget Sound Properties completed the $14.8 Million sale of Building A of Kirkland 405 Corporate Center; a premier fully-occupied … Continue reading NAI Hunneman Partners with NAI Puget Sound on $14.8 Million Class A Office Sale
Christie & McGee Represent the seller & procure the buyer in the disposition of a 10-unit brownstone in Boston. BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $4,375,000 sale of 665-667 Massachusetts Avenue, a 10-unit, brownstone apartment building located in Boston’s South End. Executive Vice President Carl Christie and Assistant … Continue reading NAI Hunneman’s Capital Markets Group Brokers $4.3 Million Multifamily Sale
Steve James, Leeanne Rizzo & Patrick Grady represent Landlord Duffy Properties in 12,000 SF lease at Waltham Mixed-Use Park. BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently represented Waverley Oaks Park and its owner Duffy Properties in a 12,000 SF lease transaction with Veo Robotics. The industrial automation company is moving its … Continue reading NAI Hunneman Represents Waverley Oaks Park in Transaction with Veo Robotics
On Monday, April 16th NAI Hunneman broker Mike Allen will be participating in his second Boston Marathon. This time Mike is running in support of The Boys & Girls Club of Greater Lawrence and the wonderful work they do to provide constructive recreational & educational activities for more than 4,000 area boys & girls. We … Continue reading HunnemanCares: NAI Hunneman Broker Takes on Boston Marathon in Support of Greater Lawrence Youth
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 - 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 … Continue reading Weekly CRE Blog Roundup
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 … Continue reading Local Unemployment Rates Rising. Should we be Concerned?
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 … Continue reading A Breakdown of NAIOP’s Mid-Year Market Roundup
Vice President with NAI Hunneman’s Appraisal & 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 … Continue reading Chris Walsh Receives MAI Designation
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 - 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 … Continue reading Weekly CRE Blog Roundup
By Liz Berthelette - 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 … Continue reading 5 Reasons Why East Boston Could be Boston’s Next Seaport
NAI Hunneman'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's highlights for Q1 include: Demand drivers impress as both population and … Continue reading New from our Research Department: NAI Hunneman’s Multifamily Market Report
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 … Continue reading Buying Commercial Real Estate? Here are 3 Advantages to Property Management’s Involvement in the Due Diligence Process.
Below represents recent blog posts of interest from around the commercial real estate universe curated by the NAI Hunneman Research Department. 4 Ways Everyone is Changing to Accommodate E-Commerce Demands - The e-commerce boom has definitely changed the way that many Americans do their shopping. (Source: NAI Global) Social Media Posting Best Practices for #CRE … Continue reading Weekly CRE Blog Roundup