State lawmakers are right now considering allowing ANY city or town in Massachusetts to impose a new sales tax on ALL real estate of up to 2%. This will drive up costs, hurt the economy and destabilize the marketplace.  

Click here  for more information.
Beacon Hill Considers Real Estate Sales Tax

2019 was a terrific year for CBA under the leadership of Michael Frisoli, Newmark Knight Frank.
 Click here for the CBA 2019 Year-End Highlights.

 

2019 CBA Highlights
GBREB NEWS
The City of Boston has agreed to a settlement agreement with Airbnb, establishing Airbnb's responsibilities under the City of Boston's short-term rental ordinance.   

Under the terms of the agreement, Boston will continue to require owners to register their units and continue the City's regulations about which units are eligible to be used as short-term rentals. On September 1, 2019, Airbnb's website will add a function to allow hosts to enter and display their required City-formatted registration number. By December 1, 2019, all listings will be required to display a City-formatted registration number, or the listings will be removed. Airbnb will inform users of the City's short-term rental standards, and work with users to ensure their listings are registered with the City of Boston.

In addition, Airbnb will also share key data with the City of Boston, including the listing's unique ID/URL, submitted registration number, unique host ID, listing information, and listing zip code.

Under the agreement, the City of Boston will have the power to notify Airbnb of any listing the City believes is ineligible under Boston's short-term rental ordinance. Unless the host complies with Boston's short-term rental registration process in thirty days, Airbnb will remove the listing from its platform.  

For additional information regarding the short-term rental law and the details of the settlement agreement please visit the City of Boston Inspectional Services website.



 

Short Term Rental Agreement Reached In Boston




For additional information, please visit the Foundation page, here
Annual GBREB Scholarship

How to Create Value

A review of recent relevant large scale deals with lease-up and sale components

Wednesday, April 24, 2019

Registration: 7:30 AM

Program: 8:00 AM - 9:30 AM

Putnam Lobby Auditorium | 100 Federal Street | Boston

Moderator:

Robert Griffin, Co-Head of US Capital Markets, Newmark Knight Frank

Panelists:
Jack Connelly, Head of Acquisitions, UBS Asset Management
Jessica Hughes, Managing Director, Tishman Speyer
Charles Leatherbee, Executive Vice President, Skanska

Click Here for registration

Questions? Contact Josh Cooke, Assistant Director of Events & Marketing at JCooke@gbreb.com

CBA Real Deal - How to Create Value

How to Create Value

A review of recent relevant large scale deals with lease-up and sale components

Wednesday, April 24, 2019

Registration: 7:30 AM

Program: 8:00 AM - 9:30 AM

Putnam Lobby Auditorium | 100 Federal Street | Boston

Moderator:

Robert Griffin, Co-Head of US Capital Markets, Newmark Knight Frank

Panelists:
Jack Connelly, Head of Acquisitions, UBS Asset Management
Jessica Hughes, Managing Director, Tishman Speyer
Charles Leatherbee, Executive Vice President, Skanska

Click Here for registration

Questions? Contact Josh Cooke, Assistant Director of Events & Marketing at JCooke@gbreb.com

CBA Real Deal How to Create Value

The Commercial Brokers Association (CBA) announced the winners of the 2018 CBA Achievement Awards at its annual awards dinner on March 21 at the InterContinental Boston.  The awards recognize the Greater Boston area’s most significant real estate deals of 2018 and honor local industry professionals who have distinguished themselves among their peers.

At the awards dinner, Newmark Knight Frank’s Managing Director, Debra Gould was presented with CBA’s top honor, the McCall Leadership Award, formerly the Broker of the Year Award.  Carolyn Wheatley a senior associate at CBRE, Inc. was honored with the Rising Star Award.   

Deal of the Year Awards were presented for Office (Boston, Greater Cambridge and Suburban), Retail, Industrial, Life Science and Most Creative deals, as well as the Investment Sale of the Year. New this year was a Mutlifamily Deal of the Year Award.  Special Recognition Awards were presented for the Landlord, Rising Star, and Collaborating Professional of the Year.



Please see the Boston Business Journal Awards Supplement for all awards finalists and winners.

CBA Achievement Awards Winners
GBREB NEWS

Monday 3/18 & Tuesday 3/19 Public Hearing On Wetlands By-Law and Real Estate Sales Tax

The Boston City Council will be holding two public hearings next week of interest to the real estate industry.    Both hearings will be held at Boston City Hall in the Iannella Chamber, 1 City Hall Square 5th Floor.  Members of the public are welcome to attend.

WHAT:  Wetlands ByLaw
DATE:  Monday, March 18th
TIME:  11:30
Docket #0250 - An ordinance protecting local wetlands and promoting climate change adaptation in the City of Boston.
SPONSORS:  Councilors Wu, O'Malley, Flaherty, Edwards, Essaibi-George, Flynn, Janey, McCarthy, Zakim and Campbell

WHAT: Real Estate Transfer Tax
DATE:  Tuesday, March 19th
TIME:  2:00 p.m.
Docket #0187 - A hearing regarding a petition for a special law re: An Act Authorizing the City of Boston to Establish an Investor and Commercial Properties Transfer Fee.
SPONSORS:  Edwards, Janey, Wu, Ciommo, Essaibi-George, Flynn, Garrison, O’Malley, Zakim and Campbell

Boston Wetlands, Real Estate Sales Tax Hearing

Upcoming Events

Event
GBREB Winter Soiree
WilmerHale
5:30pm
 
Executive Roundtable with the McCall Leadership Award Winner
Newmark Knight Frank
7:45am
 
CBA Achievement Awards
InterContinental
5:30pm