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Issue of March 31, 2008 |     |
National Housing Slump Spares Local Luxury 'Condotel' MarketBy Katie Curnutte Four years ago, living in a five-star hotel was OK for Manny Ramirez or a Hilton heir. Most Bostonians were not familiar with the concept of residences attached to hotels. But then, in 2005, construction began on the Intercontinental Hotel on Atlantic Avenue. Leverage the Sizzle Before Selling: Positioning a Hospitality Business By Louis C. Katz A profitable company with growing sales is essential to selling a retail, food and hospitality business. However, the realization of the value for a RF&H business does not begin and end with average store unit sales. Rather, careful planning of your business during operation often leads to an increase in the enterprise value of the company upon the sale of the business. Restaurant Kitchens Made Green Benefit Owners, Workers, Patrons By James N. Davella Across the country, people are taking steps to minimize their individual impact on our environment. Changes are being made in their homes and workplaces, in the cars they choose to drive and the products they use. Seeing these practical and positive “green” trends, many commercial property owners and operators have followed suit. Conversely, restaurateurs have been slower to the punch, as savings and longevity are two things they hope for separately, but never together. Acquiring Hotels Is Solid Strategy To Cash In On Increased Demand By Justin Krebs Normandy Real Estate Partners, one of the nation’s leading private equity firms, has purchased more than $1 billion in commercial real estate in Massachusetts over the past 18 months, making the firm one of the largest such buyers in the Boston area. LEED Certification on the Rise; Landlords, Tenants Reap Benefits By Tom O’Connor Green design and sustainability serve as important catalysts for modern building design and construction. The end result for each project must strike a balance between the up-front project cost, the potential life cycle return on investment, and improved environmental performance. Despite U.S. Economic Downturn, Local Property Values Are Strong By Bob Tito and Jonathan Aron With the ongoing credit crunch, job losses, the wobbly U.S. economy and growing nervousness in the commercial real estate industry, some savvy investors have started to re-examine the strength of the traditionally stable retail investment market in eastern Massachusetts. The question on everyone’s mind is: How strong are retail real estate fundamentals today and how is the current credit crunch affecting the value of retail properties, and therefore their demand in the region? The short answer is that despite the general slowing down of the economy and declining consumer spending, retail real estate fundamentals remain solid. It’s the perception of a weaker market and the perception of declining real estate values that is causing anxiety among investors. Investing in Top Commercial Talent is Like Putting Money in the Bank By Paige Palmer To recruit and retain talented professionals, commercial real estate companies must recognize that employees are one of their most valuable assets. Highly skilled employees bring companies new business, increase revenues, build strong client relationships, provide referrals and gain industry recognition. Real estate executives must assess how their companies measure up in the marketplace and be willing to make changes to remain competitive. If a company’s employees are not getting what they want and need, the competition will do its homework to figure out what it takes to lure top achievers. |
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