Not all good real estate investments, building projects, and commercial real estate (CRE) developments qualify for traditional financing. Certainly, not in their initial stages. Many banks and government lending programs specifically exclude unimproved (land with no buildings),
I reluctantly agreed to do this end of the year preview in that the uncertainty barometer is near the top of the scale. Looking back at the years 2021, 2022, and 2023 to date, again my firm, Wason Associates, had three of our best years in hotel brokerage transactions and dollar volume.
I have been given an opportunity to write for the New England Real Estate Journal regarding industrial market updates. It is my aim to do that, and I will do that here in this article. Before I get to the real estate specific topics, I need to however share from the heart. Bear with me, it will all connect at the end.
Mid-October and no frost yet…. (where are the global warming deniers?). The primary culprit is rising interest rates both for construction loans as well as mortgage loans. While the interest rate is a key driver, terms and conditions are often just as important. Loan to value ratios, debt coverage ratios, conservative appraisals
Nearing 20 years in the business, I’m amazed at how much has changed in the Rhode Island commercial real estate market, but more intriguing may be how much has stayed the same. From the great financial crisis of 2008 to the more recent pandemic-era uncertainty,
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment”, to defer paying any capital gains taxes if the property owner sells such property, identifies “like kind” property within forty-five days of the sale,
We are now accepting nominations for our 2023 Ones to Watch INDUSTRY LEADERS Spotlight which will be published in the November 24th New England Real Estate Journal. This spotlight will highlight accomplishments, challenges, advice, and other key insights from New England's CRE industry leaders.
Framingham, MA R.W. Holmes negotiated seven new office leases. Four office space transactions, totaling 11,742 s/f, have been finalized at 205 Newbury St. Where’s the Bus, represented by Gordon Real Estate
What recent project, transaction, or accomplishment are you most proud of? I am particularly proud of representing a leading commercial real estate developer in Southeastern Massachusetts in an intricate multi-parcel assemblage and hotel development deal. My experience in acquisitions, sales, and financing enabled us to navigate through complex issues, achieving a favorable outcome for my client while maintaining focus on their larger financial objectives.
What advice would you offer to women getting into the CRE industry? Don’t be afraid to take risks, be inquisitive, above all network within the industry, and what better way of doing it by joining an organization such as CREW! Real estate
What advice would you offer to women getting into the CRE industry? My advice to young women entering the CRE Industry would be to remember that no one ever succeeds totally on their own. Throughout our lives, we all need assistance