Commercial Interests

A Banker & Tradesman Blog

Who Are You Calling ‘Blighted’?

Who Are You Calling ‘Blighted’?

The dreary and stunningly mediocre Charles River Park apartment complex is all that remains of a big chunk of the old West End, torn down via eminent domain by Boston officials back in the 1950s.

Prime Real Estate For Rent

Prime Real Estate For Rent

It’s hard to imagine anyone actually cheering on layoffs and cost cutting at other firms in hopes of gaining a few additional floors of office space. But in Greater Boston’s super-tight office market, it may pay to be like a vulture when it comes to scouring the market for leads on soon-to-be-vacant blocks of office space.

Renovation In Red Sox Nation

Renovation In Red Sox Nation

The Yankees looked poised to steam home in their crucial revenue race with the Red Sox when the Bronx Bombers opened up a new $1.3 billion stadium in 2009. But eight years later, it’s the Red Sox who are having the last laugh, with antique Fenway Park, buffed up by a couple hundred millions dollars in renovations over the past 15 years, outperforming the Yankees too-big-to-succeed new stadium.

Nantucket Home Prices Still Short Of Peak

Nantucket Home Prices Still Short Of Peak

Nantucket mansion prices used to grab headlines. Not so much over the last couple of years, though, as eye-popping sales have gone into hibernation on the resort island. To be sure, real estate prices on Nantucket – long known as a buttoned-down haven for the corporate elite – are on the rise. But they have yet to get back to the record highs reached a decade ago.

No Surprise In Lack Of Bids On Kneeland Street

No Surprise In Lack Of Bids On Kneeland Street

You know the saying that doing the same thing over and over again and expecting different results is the definition of insanity? Well, our state government’s long string of spectacular failures trying over and over again to cash in on potentially valuable Boston development sites also serves as a pretty good definition of sheer stupidity.

Housing Situation Grows Dire

Housing Situation Grows Dire

Mystery sleuths out there, here’s one for you: Just how does the Massachusetts real market continue to function when the already record low number of homes for sale keeps going even lower? Every time it looks like the number of listings couldn’t possibly drop again, it does

Suburbs Slack In Housing Starts

Suburbs Slack In Housing Starts

The blame for Greater Boston’s never-ending housing crisis, which has jacked up sale prices and rents to obscene levels, can’t be blamed on any one city or town. Decades of onerous zoning policies and NIMBY attitudes have left buyers tearing out their hair a market starved for new homes and new listings.

New Luxury Units Contribute To Rent Drops

New Luxury Units Contribute To Rent Drops

Boston still has some of the highest, most crushing apartment rents in the nation. But there are signs that years of efforts by City Hall to boost construction of new housing may finally be paying off. While the cost of living in one of the city’s newest towers continues to soar, rents in older buildings across Boston fell 4 percent in 2016, according to a new report due out soon from the Department of Neighborhood Development.