Company News

May 14, 2012: Freid of Boston Realty Advisors and Nahigian of Auburndale Realty Co. handle lease for Hammond Pond Dental Associates, featured in the New England Real Estate Journal; Read More Download PDF

April 30, 2012: BRA names d'Hemecourt partner and president of retail real estate division, featured in the New England Real Estate Journal; Read More Download PDF

April 27, 2012: Boston Realty Advisors completes three leases in a single building, featured in the Banker and Tradesman; Read More Download PDF

April 23, 2012: Two Cambridge apt. buildings sell for $16M , featured in the Boston Business Journal; Read More Download PDF

April 20, 2012: Boston Realty Advisors Negotiates $16M Harvard Sq. Portfolio Trade, featured in the Real Reporter; Read More Download PDF

Market News

May 22, 2012: Development Won’t Pick Up For At Least Two Years, RECon Attendees Predict

May 22, 2012: Retailers, Developers Seek to Exchange Best Practices as Globalization Ramps Up

May 22, 2012: Retail Industry Is Optimistic, But Still Wary

May 22, 2012: Walmart Blazes a Trail for Other Value Retailers in Expanding Internationally

May 22, 2012: Macroeconomic Concerns Alter Retailer Global Expansion Strategies

May 21, 2012: Retail Landlords Sigh in Relief as Leasing Activity Gains Momentum

May 20, 2012: Attendees Expect 2012 RECon to Be the Best One Since 2007

May 19, 2012: Let the Dealmaking Begin

May 18, 2012: Mega Mixed-Use Development Planned for California Town

May 17, 2012: Lifestyle Centers Launch a Comeback

Real Estate 101

Jason Weissman featured by CNN Money

Authors

Rob Cohen
Paul Santucci
Kristy Ganong
Jacqueline Cabral
Jason S. Weissman
Wil Catlin
Admin
Arianne Fitts-Napier
Guest Blogger
Lindsay Guittarr

All Posts

Weekly Thoughts by Jason S. Weissman

2010 has marked the return of the large office trades. Here are some notable deals:

Boston Properties now owns the Iconic John Hancock Tower in Boston, MA

111 Eighth Avenue, NYC - $1.8B
Google purchased the asset at a 5.5% cap OR $618 PSF

John Hancock Tower, Boston - $930M
Boston Properties purchased the asset a 6.5% cap rate going in or $540 PSF

300 N. Lasalle, Chicago - $649.8M
KBS purchased the asset for a 6.2% cap or $499 PSF

Landmark Center, Boston - $530M
Samuels & Associates purchased the asset for a 5.7% cap or $558 PSF

(Market Data supplied by Real Capital Analytics)

Our prediction for 2011. Watch for core assets cap rates to continue to compress. We may see some sub 5% cap rate trades of core office assets in major Eastern Seaboard cities such as Boston, New York and DC. Large core multifamily assets will continue to have sub 5% cap rates for choice assets, while retail assets cap rates may return to peak 2007 levels. Core retail assets such as dominant supermarket anchored centers and necessity based centers such as well located CVS's and Walgreens will lead the charge.

Company News

Market News

Real Estate 101

Categories

Authors

Weekly Thoughts by Jason S. Weissman

Comments