Commercial & Industrial
Congress Weighs Choice: ‘Go Big’ on Virus Aid or Hit ‘Pause’
By The Associated Press | May 26, 2020 | ReprintsCongress is at a crossroads in the coronavirus crisis, wrestling over whether to “go big,” as House Speaker Nancy Pelosi wants for the next relief bill, or hit “pause,” as Senate Majority Leader Mitch McConnell insists.
Study Says Prospective Shoppers Value Cleaning, Masks Most
May 26, 2020 | ReprintsWhen evaluating a store’s safety measures, consumers said cleaning protocols and the presence of masks and other barriers were most important to making them feel safe shopping there.
Chamber Survey Gauges Interest in Visiting Cape Cod
By State House News Service | May 26, 2020 | ReprintsOnly two-thirds of travelers surveyed said they would return to Cape Cod this summer, when local officials hope much of the popular tourist destination’s hospitality sector is up and running in some form after pandemic-driven shutdowns.
$42M Office-to-Residential Conversion Begins in Wakefield
By Steve Adams | Banker & Tradesman Staff | May 26, 2020 | Reprints | Unlock Link
A former textile mill-turned-office complex in Wakefield is set to be converted into transit-oriented housing.
Zillow: Boston Rent Growth Slowed Dramatically in April
May 26, 2020 | ReprintsThe coronavirus crisis appears to have caused a dramatic slowdown in rent growth in Greater Boston according to new data from the Zillow Group.
Cape Cod Faces ‘Muted Summer’
By Jay Fitzgerald | May 24, 2020 | Reprints | Unlock LinkAs a result of the coronavirus crisis, the Cape hospitality industry is now looking at possibly the greatest year-over-year plunge in business in recent memory, as state social-distancing restrictions put a damper on business.
Hot Property: Platelet BioGenesis HQ
By Steve Adams | Banker & Tradesman Staff | May 24, 2020 | Reprints | Unlock LinkBiotechnology company Platelet BioGenesis’ new headquarters is located in a growing life science cluster in East Watertown.
The Eviction Moratorium Is Both Necessary and Just
By Kevin Honan and Mike Connolly | Special to Banker & Tradesman | May 24, 2020 | ReprintsWe are proud to say this is a truly comprehensive bill – it provides protections for a range of interests, including renters, homeowners, landlords, small businesses and local nonprofits.
Lack of Clear Travel Guidelines Leaves Lodging Market in Limbo
By Rachel Roginsky and Sebastian Colella | Special to Banker & Tradesman | May 24, 2020 | Reprints | Unlock LinkHotels throughout New England are normally preparing for their peak season this time of year. Unfortunately, 2020 has been anything but normal.
Why We Need Rent Relief Now
By Rachel Heller | Special to Banker & Tradesman | May 24, 2020 | ReprintsWe only have a short period of time to ensure that renters, landlords and homeowners do not face a financial cliff when the moratorium ends.
Smaller Hotels Will Weather COVID-19 Storm Best
By Bruce Percelay | Special to Banker & Tradesman | May 24, 2020 | Reprints | Unlock LinkToday, all metrics for hospitality have been turned upside-down. In the era of COVID-19, size still matters but now it is the smaller that is better.
Amid Uncertainty, Hotels Must Focus on What they Can Control
By Jordan Warshaw | Special to Banker & Tradesman | May 24, 2020 | Reprints | Unlock LinkDuring this time of uncertainty, what we can focus on is how to make hotels safer and healthier in a post-COVID world.
Eviction Ban is the Law of the Land in Massachusetts
By Christopher R. Vaccaro | Special To Banker & Tradesman | May 24, 2020 | Reprints | Unlock LinkSince Gov. Charlie Baker declared the COVID-19 emergency on March 10, recent legislation and court orders have effectively suspended eviction actions in Massachusetts.
A New Model for Marketing Massachusetts
By Steve Adams | Banker & Tradesman Staff | May 24, 2020 | Reprints | Unlock LinkA growing coalition of tourism officials is seeking to create a new dedicated source of revenues, and the power to spend them on ad campaigns and promotions.
Use this Crisis to Build a Better City
May 24, 2020 | ReprintsAs horrendous as the coronavirus pandemic has been for so many in Massachusetts, it also represents an opportunity to build better infrastructure. The real estate community has an important role to play in making that happen.
Don’t Lose Your Rights Under a Right of First Offer Provision
By Francesco A. De Vito | Special to Banker & Tradesman | May 24, 2020 | Reprints | Unlock LinkIn Headquarters Hotel LLC v. LBV Hotel LLC, a court ruled that a buyer rejected an offer by refusing to execute a confidentiality agreement required by the seller as part of the offer under a right of first offer provision.
A Higher Calling in the Hospitality Sector
By Steve Adams | Banker & Tradesman Staff | May 24, 2020 | Reprints | Unlock LinkThe immediate past chair of the Massachusetts Lodging Association board of directors, Dan Donahue is president of Saunders Hotel Group, giving him a front-line view of how the crisis is changing the hospitality industry.
One Coronavirus Casualty: New Home Starts
By Scott Van Voorhis | Banker & Tradesman Columnist | May 24, 2020 | Reprints | Unlock LinkDespite the uncertain fallout for the housing market, one thing is not likely to change: The Bay State’s dubious title as one of the most expensive places in the country to buy a home or condominium.
Chelsea Complex Gets $59M in Permanent Financing
By Steve Adams | Banker & Tradesman Staff | May 22, 2020 | Reprints | Unlock LinkA 222-unit Chelsea apartment complex has received $59 million in permanent financing from an affiliate of New York-based Arbor Realty Trust Inc.
Fast-Tracked Project Doubles ICU Capacity
May 22, 2020 | Reprints | Unlock LinkCompleted in the midst of the COVID-19 pandemic, St. Luke’s Hospital’s new $14-million intensive care unit incorporates the latest health care designs including universal private rooms and a video monitoring system to support patient-nurse communication.
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