0 Weissman: Boston Real Estate Superior to New York

Jason Weissman, founder of Boston Realty Advisors

Credit: Bisnow

Why is Boston better than New York?  Our own Jason Weissman chimes in at a Biznow Event.

From Bisnow:

Boston Realty Advisors founder Jason Weissman says Boston outshines New York because it has less exposure to a downturn in government spending. Based on fundamentals and cash flow, he expects to see lots more property sales in 3% cap rate territory in 2015. Retail and office rents still have room for appreciation and greater cash flow will boost asset values. So much so that investors will start searching for deals in outlier markets, namely I-495 and southern New Hampshire.  

0 TD Garden Project Awaits Resolution

Boston TD Garden project

Credit: Boston Business Journal

The changing of the guard may have already begun in the corner office at city hall.  It will be interesting to see the outcome of the vote on December 19th by the BRA on a 1.8-million square-foot project around the TD Garden.

According to the Boston Business Journal, “Menino has bristled at suggestions from mayor-elect Walsh and former mayoral candidate John Connolly that the BRA lacks transparency. But the administration’s unwillingness to talk about the negotiations or even allow members of the mayor-appointed Boston Garden Impact Advisory Group participate in the talks has raised questions about what is happening behind closed doors.”

Additional information on the ‘compromise’ is available on the BBJ’s website.