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Development Means Due Diligence

BOSTON-Especially for first time investors. Tom Guidi of Hemenway & Barnes warns first-timers—and seasoned pros—not to get caught up in the frenzy.

By John Salustri | Updated on March 28, 2013

BOSTON-Not all communities around the country are worried about a possible multifamily overbuild. In fact, Boston Mayor Thomas Menino has just called for 30,000 new housing units to go up in his city by 2020.

Given the push, and the expectation that national development is on the verge of picking up in virtually all commercial real estate sectors, Tom Guidi is concerned. Guidi, who is senior real estate partner at the locally based law firm of Hemenway & Barnes, thinks that investors, especially first-time investors, need to keep certain due-diligence basics in mind.

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