By Jay Fitzgerald – A blog about Boston, Hub of the Universe, and everything else.


Confirmed: Wu’s policies, threat of rent control causing development pullback in Boston

Jeff Kanne, chief executive of National Real Estate Advisors, tells the Globe’s Shirley Leung why his pension fund has hit the brakes on financing big development projects in Boston: Mayor Wu’s affordability set-asides and energy efficiency requirements as well as the prospect of rent control becoming law in Massachusetts. … Yes, high construction costs and interest rates are also factors when firms consider building in Boston. But those same conditions exist in other cities – and yet those cities are seeing construction, Kanne notes. … It’s a good column by Shirley.

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