Boston Metro Insights from 2nd Quarter Beige Book
The Boston Metro continued to grapple with pandemic-related disruptions during the second quarter of 2020. According to the latest Beige Book report from the Federal Reserve Bank of Boston, most industries have borne the challenges fairly well, but hospitality and...
Boston Metro Multi-Family Sector Sees Rise in Vacancy
Apartment vacancy rates are rising in the Boston Metro, according to recent articles in Boston Bisnow and the Boston Herald. On a year-over-year basis, apartment inventory is up by an average of 58%. Available units in the South End and Beacon Hill have more than...
Boston Metro Business Owners Should Review Lease Agreements
It's difficult time for many Boston Metro businesses. While Massachusetts has a gradual reopening underway, small and large companies alike have lost considerable sums during pandemic closures. One major franchise, The Cheesecake Factory, made headline news when it...
Boston Metro Businesses Should Prepare for Changing Consumer Habits
Consumers in the Boston Metro and around the world are holding their wallets tighter as economic concerns weigh on their minds. According to an April 2020 study by Deloitte, which surveyed 13,000 consumers in over a dozen countries, health fears and personal financial...
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,...