GBREB NEWS

GBREB Public Statement:  Proposed Boston Gas Ban

On August 16, 2022, Greg Vasil, CEO of the Greater Boston Real Estate Board, issued the following statement in response to Mayor Wu's move to seek to ban fossil fuels in the construction of new buildings in Boston: 

“While we share and admire Mayor Wu’s dedication to combatting climate change, we are deeply concerned by fully banning fossil fuels from new construction and the negative impacts such a blunt change will have on the critical need for housing production. Construction costs are already too high due to inflation and national supply chain challenges. Banning fossil fuels in new developments will only increase costs further. This ban would be especially problematic in a city like Boston, which produces huge levels of housing and is an economic engine for all development. Housing production is key to overcoming our state’s housing crisis. Instead of taking part in the state’s pilot program to ban fossil fuels in new developments, we believe the city and state should await the results of the pilot program before considering if and how Boston may implement this ban.”

GBREB Public Statement: Proposed Boston Gas Ban

2022 GBREB Foundation Scholarship Event:   June 7, 2022

The Fund was established in 2012 with the goal of assisting economically disadvantaged young people attend and graduate from college by providing them with financial aid counseling and economic assistance.  To achieve this goal the GBREB Foundation has with Bottom Line, a Boston based organization that helps students from low-income families find an affordable path to a postsecondary education, and then through college with mentorship and life skills to prepare them for the workforce.   

The GBREB Foundation has awarded over 400 , two-year scholarships, since its inception which range in amount from $ 1,000 to $5,000, and are designed to supplement and not affect the financial aide package that the student receives from the institution they wish to attend.  These “last dollar in scholarships,” can often be the determining factor in deciding whether or not to attend college.

The GBREB Foundation Event traditionally recognizes leaders in Massachusetts real estate, business, and government for their service to the community, especially those who are particularly philanthropic, or trendsetters and trailblazers in giving back to Greater Boston.  
 
2022 Scholarship Application:
We encourage eligible students to APPLY HERE by the April 1st deadline.  Questions on how to apply?  Contact Ryan Burton at Bottom Line [email protected]
GBREB Scholarship Event
CBA Diversity Impact Fund
GBREB NEWS

New Report: Rent Control Would Cut Housing Supply, Lower Values & Tax Revenue in Boston, Across Massachusetts

A new analysis shows rent control proposals would drastically reduce the supply of apartments, property values and tax revenue in Boston and throughout Massachusetts if the Legislature rescinds the voter-approved ban on the policy.

The new NAA reports analyze the impact if a 3% annual cap on apartment rents is implemented in Boston or across the state, as proposed in current legislation. Among the key findings:
● New apartment supply will drop by more than 700 units per year;
●  Apartment property values will drop by more than $260 million; and
●  Property tax revenue to the City of Boston will drop by more than $2 million annually.

Across Massachusetts, the negative outcomes increase exponentially:
● Impacts 40%, or more than 18,000 units of foregone new housing stock and existing units potentially lost due to infeasible repairs and upgrades of existing stock;
● Apartment property values drop by more than $820 million; and
Property tax revenue to cities and towns will drop by more than $7 million annually.

The reports further notes that, in Boston, apartments and their residents contribute more than $54 billion to the regional economy annually, and support more than 228,000 jobs. Throughout the state, apartments and their residents contribute more than $60 billion to the Massachusetts economy each year, and support more than 268,000 jobs. But if a 3% annual cap on apartment rents is implemented, both the economic strength and massive workforce created by the apartment industry would come under serious threat.

IMPACTS OF RENT CONTROL: MASSACHUSETTS
IMPACTS OF RENT CONTROL: BOSTON

New Rent Control Report
CBA March News and Event Update

Become a CBA Member!

 

15 for 12 Membership Promotion:

Join CBA today for 2021 and receive the rest of this year for free!

 

 

Here are just a few of the benefits associated with your membership:

 

Advocacy: Through the Greater Boston Real Estate Board’s Advocacy Group, CBA represents members’ interests on the city, state, and national level. Click here to view our Government Affairs page.

 

CBA Achievement Awards: CBA members receive peer recognition through our annual Achievement Awards. Your peers elect and vote for recipients of Broker of the Year, Landlord of the Year and Rising Star. Deals of the Year are nominated and judged by a panel of industry experts and include Office Deal of the Year (Downtown and Suburban), Industrial Deal of the Year, Investment Sale of the Year, Retail Deal of the Year (Sale and Lease) and Life Science Deal of the Year. This year's Awards were held virtually on September 24th. Click Here to see the winners!

 

Education: CBA holds various programs throughout the year featuring keynote presentations and panel discussions featuring some of the industry’s most prominent leaders. All of our educational events are now being held as webinars due to gathering restrictions from COVID-19. To learn more, click here to view our events calendar. If you have any interest or questions in upcoming events, feel free to contact me directly!

 

Social Media: We are also active on Social Media – Now that you’re a member, join our LinkedIn Group and follow us on Twitter.

 

Become a CBA Member!

 

Questions about membership? Email Alex Levine at .


15 for 12 CBA Membership Promotion

CBA Tour Protocols: Broker Best Practices & Recommendations

CBA has developed a set of guidelines to ensure a safe tour process to protect the well-being of the brokers, clients and owners. These recommendations are encouraged to be followed during the re-entry process. 

Click Here to access the full guidelines.




CBA Broker Protocols

Dear CBA Members and Friends,

 

This has been a challenging year for all of us. The COVID-19 pandemic has tested us, and we are proud of the way our CBA community has come together to support one another.

 

While our world is already struggling, recent acts of violence, including the tragic murder of George Floyd, remind us that overt racism, as well as less-obvious injustices, are the reality for our Black American siblings. This moment has highlighted inequalities that have existed in our society for centuries.

 

Violence against Black people must end, and ingrained systems of oppression must be challenged. We stand in solidarity with courageous protesters around the country. We value the millions of voices that will not be silent against violence and racism.

 

Individually, we must all look inward and consider where our own prejudices lie. We must begin to do the work of shifting our biases. As a community, we must create a dialogue for progress. We can use our positions of power in the real estate community to help advance equity through housing and career opportunities, and by holding our leaders accountable.

 

For our part, CBA will continue to be an association of growth and acceptance. We will work to find ways to become more welcoming to everyone. As an industry, while we build up our city, we will build communities of respect.

 

We are hopeful for a future of health, peace, and equity. Let's be there for one another.

 

Thank you,

Commercial Brokers Association

A Message from CBA

Upcoming Events

Event
GBREB CRE Career Showcase
Zoom
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