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July 9, 2019

Hefty Capital Improvements Required To Halt Boston's Suburban Office Migration To The Seaport

Can TOD solve Boston's growing workforce congestion? Find out at Boston Burbs July 17

Select suburban submarkets are benefiting from the Greater Boston building boom. But developers and landlords still need to provide elements of the urban core to woo tenants away from the subway and onto the highway.

Hefty Capital Improvements Required To Halt Office Migration From Boston Suburbs To Urban Core

The Boston office narrative in recent years has been that every company wanted to be downtown. Coveted young talent wanted to live and work close to the excitement of the Seaport and near MBTA stations to easily get around the urban…

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Millennium Partners Affiliate Proposes 900K SF Seaport Innovation Campus

Millennium Partners Affiliate Proposes 900K SF Seaport Innovation Campus  

A development arm of Millennium Partners has formally notified Boston leaders of plans to bring a long-discussed innovation campus to an industrial stretch of the Seaport.  ICCNE LLC, a development entity led by Millennium affiliate Cargo Ventures, filed a letter of intent Monday with…

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Men And Women Agree CRE Is Becoming A Better Place For Women – Just Not On The Rate Of Progress

 

Most in commercial real estate agree that the industry has made significant strides in its ongoing efforts to promote gender equality, according to a new poll.

But boardrooms and C-suites remain dominated by men, and the survey, conducted by software company Apto, shows that far more men are happy with the industry's progress than women, who overwhelmingly believe that more work needs to be done to foster an equal workplace.

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Housing Experts Want More Building, Less Regulation To Solve The Affordable Housing Crisis

Costly gateway markets are battling an affordable housing crisis, but even smaller inland U.S. cities are tackling their own affordability problems. Active government may be making the problem even costlier. 

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Beyond The Bio: 16 Questions With American Real Estate Partners CEO Doug Fleit

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles.

In 2003, Doug Fleit and Brian Katz founded American Real Estate Partners, a Northern Virginia-based investment firm focused on buying, repositioning and managing properties in the Mid-Atlantic region. 

The firm has now invested over $3.5B and acquired over 16M SF of properties. It has bought over 7M SF of real estate in the D.C. Metro area, over 2M SF in Raleigh-Durham, North Carolina, 1.8M SF in Philadelphia and 1.5M SF in Baltimore. 

Fleit, now CEO of AREP, previously spent 22 years with Cushman & Wakefield, where he co-founded its D.C. office in 1981 and grew the regional operation to $50M in annual revenue. 

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This Company Wants To Shake Up Real Estate’s Archaic Fee Structure

 

The way real estate investors and owners pay fees could be reducing the value of their buildings. Not the level of the fees they pay brokers, asset managers and fund managers, but the very structure of the way fees are charged. 

Real estate has changed enormously in the past two decades, and that pace of change is increasing seemingly every week. So why has the way fees are paid to brokers and asset managers not changed as well?

That is the question being asked by U.K. company APAM, which has called out the “archaic” and “misaligned” way real estate service providers are paid. It said that current fee structures incentivize short-term thinking and encourage brokers, in particular, to get a deal done as quickly as possible in order to move on to the next transaction, rather than thinking about the long-term benefits for their clients.

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Hit me up with your story tips at cameron.sperance@bisnow.com and follow me on Twitter at @CameronSperance

 
 
       
 
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