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November 8, 2022

This Week's Boston Deal Sheet

Chad Friesz Discusses How Takeda Designs Sustainable & Innovative Buildings To Positively Impact The Cambridge Community Nov. 30

A biotech company has begun construction on a new $20M research and development facility in Lexington.

This Week's Boston Deal Sheet

Braskem announced the start of construction Monday on its Renewable Innovation Center, a 35K SF facility at 10 Maguire Road. The property is owned by Greatland Realty Partners."Our new Renewable Innovation Center reflects Braskem's ongoing commitment to a Carbon-Neutral Circular Economy and having a positive impact on the environment," Mark Nikolich,…

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Top Stories on Bisnow.com

Tishman Speyer, Mitsui Fudosan America Double Down On U.S. Industrial With Newly Formed JV Tishman Speyer, Mitsui Fudosan America Double Down On U.S. Industrial With Newly Formed JV
Feds Seize Real Estate Portfolio Of Crypto Scammer As Part Of $3.3B Forfeiture Feds Seize Real Estate Portfolio Of Crypto Scammer As Part Of $3.3B Forfeiture
Retail Space Availability Reaches New Low, Retail REITs Enjoy The Competition Retail Space Availability Reaches New Low, Retail REITs Enjoy The Competition
Big Brokerages Look To Cut Costs As Sales, Lending Revenue Drop Big Brokerages Look To Cut Costs As Sales, Lending Revenue Drop
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Newton-Based Firm Acquires 2 Boston-Area Hotel Properties For $26M

Newton-Based Firm Acquires 2 Boston-Area Hotel Properties For $26M

Newton-based JNR Management Inc. bought two hotel properties in Norwood and Framingham for $26.6M.JNR acquired the 125-room Residence Inn Boston Framingham for $15.8M and the 96-room Residence Inn Boston Norwood/Canton for $10.8M…

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Midterm Primer: What’s At Stake For CRE In Elections Across The U.S.

 

Inflation. Gas prices. Crime. Abortion rights.

These are some of the most pressing issues driving voters nationwide as they ponder the future of both chambers of Congress, weigh in on heated gubernatorial campaigns and consider local races and ballot measures that could reshape their communities.

Undoubtedly, these U.S. midterm elections are consequential, but for commercial real estate, there is really only one issue at play: the economy.

Read the full story here.

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In Case You Missed It...

Universities Feeling Pressure From Cities, Students To Develop More Housing Universities Feeling Pressure From Cities, Students To Develop More Housing
CBRE Hires Former Retail Exec Back After 7 Years At JLL CBRE Hires Former Retail Exec Back After 7 Years At JLL
National Retailers Want In On Boston's Shopping Districts, Driving Up Rents National Retailers Want In On Boston's Shopping Districts, Driving Up Rents
Boston Developers Say Construction Cooldown Could Create More Opportunities Boston Developers Say Construction Cooldown Could Create More Opportunities
 
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Not Open For Business: Death Of Chapter 313 Could Herald The End Of Texas’ Corporate Relo Reign

One of Texas’ most widely used incentive programs is set to expire at the end of this year, compromising the state’s ability to lure industries that have long propelled its economy.

Authorized by the state legislature in 2001, the Texas Economic Development Act, known colloquially as Chapter 313, was designed to attract new manufacturing and renewable energy projects through a temporary abatement of school district taxes. 

The program enjoyed overwhelming bipartisan support for nearly two decades, leaving many stakeholders shocked when, in an unexpected turn of events last year, the state Senate declined to consider a bill that would have extended the program.

Now on the eve of an election that could change the makeup of Congress and state and local offices, it joins a long list of measures that could upset the balance of the Texas Miracle.

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Meet Gibbo, The UK Brokerage Vet At The Spearhead Of Newmark's Push Into Europe

LONDON — There are many different paths to the top of the global property advisory world, but perhaps few as unique as that taken by Tony Gibbon.

He left school at 15 and worked his way up from the very bottom, running errands for a London pension fund and soaking up knowledge as he went, before becoming an agent and setting up his own firm, BH2.

With that firm, he stole a march on global rivals by securing some of the world’s largest investors like Brookfield and Tishman Speyer as clients, putting together complex, multibillion-pound deals and showing that niche firms could still compete with the big guns in an increasingly international financial universe.

He became one of the few agents in the UK known by just one name: Gibbo. 

Read the full story here.

 
 
 
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