Residential Real Estate
Community Good Works
This week’s Community Good Works highlights credit unions and banks who have donated to many causes, especially to those who were affected by the Merrimack Valley gas explosions.
Fenway Developer Buys into Big South Boston Project
Boston-based Samuels & Assoc. is joining the development team for Washington Village, a $400 million multifamily project at 235 Old Colony Ave. in South Boston that’s yet to break ground since gaining final approvals in 2016.
650-Unit South End Development ‘Is in a Clear Path of Growth’
Boston-based Leggat McCall Properties has broken ground on The Smith, which will add 650 residential units in Boston’s South End as part of a continuing multifamily and commercial development boom.
Newtonville Development Gets $30M Construction Loan
A controversial multifamily development on Newton’s city-owned Austin Street parking lot has obtained $30.2 million in construction and permanent financing.
Hood Park Expansion Includes Hotel, Housing and Lab Space
Updated plans for further development at Charlestown’s fully leased Hood Park include a hotel, 200 housing units, along with office and lab space that could house up to 3,500 jobs.
Baker Boots Columbia Gas, Moulton Cites ‘Human Mistake’
Gov. Charlie Baker on Friday afternoon declared a state of emergency in the wake of a series of gas fires and explosions in the Merrimack Valley, handing over control of the response to Eversource in place of the local utility that Lawrence Mayor Dan Rivera said had been “hiding from the problem.”
NIMBYs Paralyze Housing Development
A relatively small group of NIMBY homeowners has paralyzed the housing market in the suburbs of Boston, choking off new construction and driving up prices and rents.
Should Ethics Violations Be Available to the Public?
In an era when you can find almost anything you want to know online about real estate – the estimated market value of a house, the rankings of neighborhood schools, crime rates, walkability and much more – there’s one important subject that’s difficult for consumers to check out: Ethics infractions by local Realtors, including agents you might want to hire to list your house or help you buy.
Boston Real Estate Icon Harold Brown to Step Down from Hamilton Co.
After 64 years at the helm of one of Boston’s most successful real estate empires, Harold Brown is stepping down as chairman of The Hamilton Co.
Community Good Works
This week’s Community Good Works features banks and credit unions giving back to their communities through volunteer work, donations and events.
20-Story Residential Tower Proposed Atop Boston Parking Garage
Newly filed redevelopment plans for the Motor Mart Garage property in Boston call for a 20-story tower containing 306 apartments and condominiums, and a steep decrease in parking capacity.
Hope Is on the Horizon for Homebuyers in Gig Economy
Here’s some promising news for self-employed entrepreneurs, “gig” economy workers and small business owners: There’s a bipartisan push underway on Capitol Hill to make the home mortgage process a lot easier.
Ex-Apartment Manager Pleads Guilty to Stealing Rent Money
The former manager of a Massachusetts apartment complex for low-income tenants has pleaded guilty to stealing more than $8,000 from four residents and $40,000 from the owners.
New Bedford and Fall River Among Worst Real Estate Markets in the Country
New Bedford and Fall River are ranked at the bottom of WalletHub’s newest ranking of real estate markets in the country. Out of 300 cities, Fall River ranked 287, New Bedford ranked 288 and Brockton ranked 276.
Millennials Raid Retirement Funds for Down Payments
The day we’ve all been waiting for has finally arrived: Millennials are starting to buy homes.
Relaxed FHA Requirements Provide Path for Would-Be Buyers
Is it easier today for homebuyers with a high debt ratio and sub-par credit scores to qualify for a mortgage than it’s been in years?
CFPB Issues New HMDA Amendment Rule
The Bureau of Consumer Financial Protection has issued an interpretive and procedural rule to implement and clarify section 104(a) of the Economic, Growth, Regulatory Relief and Consumer Protection Act.
State Misses Out On Tax Revenue from $40M in Summer Rentals
With the fate of an Airbnb taxation bill still in limbo, new data from the online home and apartment rental website reveals that Massachusetts may have left at least $2.28 million in tax revenue on the table this summer season from rentals just on the Cape and Islands.
Australian Developer Plans $2B Multifamily Pipeline Including Boston
Australian developer Lendlease is teaming up with a pension fund with plans for a $2 billion develop-and-hold multifamily pipeline in Boston and four other high-priced U.S. real estate markets.
Equity Residential Buys South End Apartment Complex for $216M
Developer Gerding Edlen has sold its 378-unit Troy Boston apartment tower in Boston’s South End for $216.1 million, or nearly $572,000 per unit, to Equity Residential.
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