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As the downtown office market stalls in Boston, new towers still rise


As the downtown office market stalls in Boston, new towers still rise
By Tim Logan Globe Staff,Updated April 17, 2021, 2 hours ago
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The overhaul of One Post Office Square is among four ongoing projects that will add about 3.3 million square feet of office space to the heart of downtown Boston.David L Ryan/Globe Staff
Downtown Boston hasn’t had this much empty office space in years, even as construction hums along on some of the biggest towers the city has seen in decades.
That’s raising questions about who will lease all these high-rises when they’re finished. ....

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Where are the CRE Opportunities in Biden's Infrastructure Plan?


What CRE Opportunities Await if the American Jobs Plan is Enacted?
From funding for affordable housing to the focus on energy efficiency, the plan could benefit commercial real estate investors in various ways.
President Joe Biden’s $2.3-trillion, eight-year proposed American Jobs Plan, which aims to modernize and improve U.S. infrastructure, generate jobs, stimulate economic growth, and tackle climate change, could generate some new opportunities for real estate investors, although there are also concerns about higher corporate tax rates and other potential tax reforms.  
“The expectation of the American Jobs Plan Act of 2021 is the development of long-term construction projects that stimulate the economy and provide an improved, safer and cleaner environment,” says Mike Bammell, managing director with the valuation advisory group and the national practice lead for renewable energy with real estate services firm JLL. ....

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Amazon's latest expansion delivers gift to Seaport developers


Cameron Sperance Boston.com correspondent
February 3, 2021 5:00 pm
Amazon’s plan to add 3,000 jobs in yet another Seaport office tower is a gift for more than the struggling Boston office sector.
Boston may have lost out on the race for the Seattle-based tech giant’s second headquarters in 2018, but Amazon continues to deliver plenty of consolation prizes to local developers. WS Development is already underway with one Amazon building slated to employ 2,000 in the Seaport, and an additional 3,000 employees are now planned for a second tower next door.
It is certainly a boost to office development at a time when uncertainty clouds what the future workplace looks like, but residential developers also have reason to rejoice. ....

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