888 Boylston Takes Sustainability to New Level for Boston Properties

July 19, 2017 · reit.com

In a city renowned for its landmarks, Boston Properties, Inc. (NYSE: BXP) has added the wind turbines atop its 888 Boylston Street building in Boston’s Back Bay to a diverse list of sights.

Bryan Koop, Boston Properties’ executive vice president for the Boston region, says the wind turbines have become a “real design feature” of the city and epitomize the bold goals set out for the building.

Indeed, from the get-go, the mission for 888 Boylston was clear – it would be Boston’s most sustainable building.

REIT Capital Raising Buoyed by Low Interest Rates

July 18, 2017 · reit.com

REITs raised more capital in the first half of the year than they did in the same period of 2016, as companies continue to take advantage of low interest rates, according to analysts.

Through June 30, REITs raised a total of approximately $44.2 billion in 2017, 17 percent more than the $37.9 billion raised during the first half of 2016, according to NAREIT data.

“Capital markets are active and healthy. There’s a significant amount of capital committed to real estate,” said David Kessler, national director of CohnReznick’s commercial real estate industry practice.

Phillips Edison Creates Team to Tackle Retail Changes

July 10, 2017 · reit.com

At last month’s RECon global shopping center industry event in Las Vegas, Phillips Edison & Co. held more than 1,500 meetings with retailers. In stark contrast to news reports of bleak conditions in the retail business, the overall mood was positive, according to Mike Conway, head of Phillips Edison’s new emerging trends team. Many retailers were excited to discuss new strategies and store modernization concepts.