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January 25, 2022

REIT Stocks Dive With Larger Market, Putting Investors On Edge

New Date Announced: Boston Construction & Development to be held April 7

After hitting record highs in 2021, U.S. stock indexes briefly slipped into correction territory on Monday, showcasing investor concern ahead of the Federal Reserve's first policy meeting of the year. 

Real estate investment trusts, facing losses of their own, are not immune. 

A number of U.S. REIT stocks have suffered losses exceeding 10% in the past month, as the prospect of rising interest rates and ballooning inflation rattles investors.

"Investors are resetting their expectations for the value of everything that's tied to interest rates," Green Street Managing Director Dave Brigg told Bisnow Monday.

REIT Stocks Dive With Larger Market, Putting Investors On Edge

REITs have underperformed so far this year, but not by a meaningful amount, Brigg said. Even so, investors now have a "case of whiplash" because of the recent gyrations.REITs seeing double-digit monthly share price drops include Alexandria Real Estate Equities, down 11.3%, American Tower, down 13.1%, and

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Wu Selects 14 Projects To Receive $40M In Affordable Housing Funds

Wu Selects 14 Projects To Receive $40M In Affordable Housing Funds

Fourteen projects across Boston are set to receive new funding from the city that will help create or preserve more than 700 units of income-restricted housing. Mayor Michelle Wu committed $40M and selected projects in Jamaica Plain, Dorchester, Chinatown,

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Local Sustainability Pushes Leave Energy-Hungry Lab Buildings Seeking Efficiency

Local Sustainability Pushes Leave Energy-Hungry Lab Buildings Seeking Efficiency  

The explosion in lab construction — with 21M SF of speculative development in the works nationwide, per CBRE — has come just as municipalities across the country, seeking to slash carbon emissions, have considered or passed bills limiting energy usage in large commercial structures.

Two of the most watched examples, Boston’s Building Emissions Reduction and Disclosure Ordinance and New York City’s Local Law 97, would by 2030 and 2024, respectively, require large commercial buildings to start showing significant emission cuts or face fines

As the deadlines creep closer, lab developers in those cities are deploying new technologies and strategies at their projects, moves that could presage a sea change toward a more sustainable life sciences industry. 

At the Hudson Research Center, a 100K SF lab building in New York City's Hell’s Kitchen neighborhood owned by Taconic Partners and Silverstein Properties, an air source heat pump the size of two food trucks was installed in November. The largest in the city, Taconic says, the device will replace…

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