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July 13, 2023

More Multifamily Owners Are Discovering One Of The ‘Best-Kept Secrets’ Of U.S. Housing Policy

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Robin Valentine struggled financially for years as she lived in subsidized housing in Boston's Dorchester neighborhood with three children she raised on her own.

Despite having a stable job working for the University of Massachusetts Boston for nearly two decades, she found it hard to keep up with bills and debt payments. That all changed after she was introduced to a little-known federal program that would ultimately help her save tens of thousands of dollars and get out of subsidized housing.

More Multifamily Owners Are Discovering One Of The ‘Best-Kept Secrets’ Of U.S. Housing Policy

“I didn’t want to be on Section 8 forever,” Valentine said. “It felt good to save money and have control.”In her first five-year period in the Family Self-Sufficiency program, she saved $11K that she used to pay off her student loan debt and other bills. She then re-enrolled and was…

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EV Battery Supplier In Talks For Full-Building Lease At Devens Manufacturing Campus

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The 45-acre Pathway industrial campus in Devens appears close to landing another major manufacturing tenant. Developer King Street Properties is in negotiations with Westborough-based Ascend Elements, a manufacturer of lithium-ion battery materials for electric vehicles, for a full-building, 101K SF lease at 39 Jackson Road, a manufacturing and research and development facility. The…

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REIT Stocks Respond To News Long Sought By Real Estate Industry

Wednesday morning brought the inflation news the real estate community, and the entire American economy, has looked forward to for more than a year: The consumer price index rose 3% year-over-year in June, the smallest gain since March 2021.

REIT stocks responded with a nearly 3% bounce compared to the beginning of the year as investors celebrated the strongest signal yet that capital markets-crippling interest rate increases could slow in the coming months. 

REIT Stocks Respond To News Long Sought By Real Estate Industry

The FTSE Nareit All Equity REITs index was up 1.34% as of midday Wednesday and up 2.83% since the beginning of 2023.Inflation is still above the Federal Reserve's target rate of 2%, meaning that the interest rate increases likely aren't over entirely, but Wednesday's news provided a measure of stability…

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$5B Construction Company's Venture Capital Affiliate Raises $110M To Invest In CRE Tech

$5B Construction Company's Venture Capital Affiliate Raises $110M To Invest In CRE Tech  

Suffolk Technologies, a venture capital firm affiliated with $5B national construction firm Suffolk, has closed its first fund, earmarking $110M toward innovation in the real estate industry.

The $110M in commitments will go toward startups across proptech and construction technology. Suffolk said it plans to target early stage to growth-stage companies innovating in efficient infrastructure, reducing high emission rates from construction and addressing the lack of affordable housing across the country. “Construction and real estate continue…

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