Boston’s Iconic Hancock Tower Is Losing Tenants In Downturn
As the City of Boston and it’s mayor Marino look to get the building industry going, it is losing tenants in it’s famous Hancock Tower. As what tends to happen in economic downturns, businesses retrench.
They move out of buildings like the Hancock Towers and into more modest facilities. It is cheaper and more cost efficient for these companies. And when this happens rents tend to fall as landlords try to fill their space. Not rocket science, is it?
So the city is promoting more high end construction while their top buildings are facing bankruptcy due to lower rents and lower occupancy rates.
Brilliant I say, brilliant!
Now, that purchase has boomeranged on the New York real estate investment firm: Two of the Hancock’s largest tenants have left, rents for top-shelf office space are falling, and Broadway Partners next month must repay of hundreds of millions in debt it has so far been unable to refinance.
Broadway Partners must now either get an extension on its Hancock loans or raise fresh capital in an environment where investors are running away from high-flying commercial property deals, said Boston real estate executives familiar with the matter. via The Boston Globe.
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
