Massachusetts Eyes Economic Reopening With New England Compact
Massachusetts has joined a coalition of several New England states to establish a framework for resuming economic activity. The coordinated effort seeks to define benchmarks that will be used to determine timelines for re-opening businesses and institutions throughout...
Boston Federal Reserve Beige Book Report
While the Boston Metro is experiencing business disruptions from COVID-19, our local economy may endure the downturn better than most. Here are key highlights from the Boston Federal Reserve's Beige Book Report from April 2020, along with our own insights. Most...
1031 Changes
As anticipated by many, the IRS issued a Notice extending 1031 Tax-Deferred Exchange deadlines. The Notice extends any 45-day identification period deadline or 180-day acquisition period deadline that occurs between April 1 and July 14 to July 15, 2020.
CARES Act Highlights
The CARES Act contains some key provisions which are aimed at assisting small businesses and real estate related entities. Synopsis provided by Jay Nuss Realty Group, LLC:
Massachusetts Tax Deferments for Small Businesses
As bars, restaurants and hospitality services in the Boston Metro grapple with business disruption, relief is on the way in the form of SBA assistance and tax deferments. Massachusetts legislators are finalizing rules that will allow some small businesses to delay tax...
Boston Metro Small Businesses Can Apply for SBA Assistance
The reach of COVID-19 has disrupted business throughout the Boston Metro and the nation. For small businesses such as boutique retailers, restaurants and other public enterprises, the economic impact has been especially hard. As the state of emergency continues,...
Investors Bullish on Boston Metro Suburbs Commercial Real Estate
Commercial real estate investors are banking on the Boston Metro suburbs, especially with Class-B and Class-C properties. According to a recent article in Boston Bisnow, commercial real estate sales in suburban Class-B and Class-C office space increased by 10% on a...
New Developments Anticipate Boston Metro Office Space Demand
"If you build it, they will lease." This seems to be the adage behind Boston's new skyscraper developments and redevelopments, which will bring over three million square feet of commercial real estate space to the market. Yet the amount of supply in development isn't...
Co-Working Concerns in the Boston Metro
Just about a year ago, co-working juggernaut WeWork was in rapid expansion, opening a new Boston Metro location nearly every month. With fifteen locations in operation and four more in the pipeline as of 2019, WeWork's co-working model was turning heads. But after new...
Boston Metro Developers See Opportunities and Challenges in 2020
Boston Metro commercial real estate enjoyed strong performance in 2019, with low office vacancy rates and soaring demand for laboratory space. Our commercial real estate has been on a roll since the end of the Great Recession, and has picked up steam with the economic...