Residential Real Estate
BPDA Approves 559 Housing Units
Multifamily development projects totaling 559 residential units in Mattapan, East Boston, South Boston and the Fenway were approved Thursday by Boston Planning and Development Agency directors.
Ohio Developer Breaks Ground On First Bay State Project
Ohio-based developer NRP Group has broken ground on The Rockwell, a 204-unit apartment complex in Worcester County for its first Massachusetts project.
Community Good Works
Members of the real estate, construction and banking industries made valued contributions to their communities this week.
Springfield Apartment Tower Gets $50M Investment from State
A downtown Springfield affordable apartment building is getting a $50 million investment from the state for renovations and the preservation of nearly 500 affordable housing units.
Boston Fed Reports ‘Modest to Moderate’ Economic Growth
Economic activity in the Greater Boston region recently expanded at a modest to moderate pace amid signs of slowing growth, according to the latest observations of the Federal Reserve Bank of Boston.
Walsh Promises New Economic Development Push, Focused on Neighborhoods
During his State of the City speech on Tuesday night, Boston Mayor Marty Walsh announced the creation of a new Economic Development Center focused on connecting residents to better jobs, helping small businesses grow and improve public input in economic development and policy-making.
Green Line Extension 60 Percent Complete, On Schedule
The leader of the MBTA’s Green Line Extension project told T overseers Monday that the trolley service extension is about 60 percent designed and said he has not seen signs of possible snags on the horizon.
Redevelopment of Former State Mental Hospital Moves Forward
The conversion of the former Westborough State Hospital to housing is moving forward after national homebuilder Pulte Homes bought the property for $7 million.
Rollout of New Orange Line Trains Delayed
The MBTA announced Orange Line delays Monday – not delays in subway service, but delays in beginning to get a fleet of 152 new Orange Line cars into passenger service on the T.
Boston City Councilors Propose Tax on Transactions, Flipping Fee
A 6 percent tax on real estate transactions of $2 million or more would subsidize affordable housing production under a new proposal by two Boston city councilors.
Boston Housing Authority Project Among 19 Awarded Millions in Affordable Housing Grants
Seven projects in Massachusetts have received nearly $12.2 million in financing from the Federal Home Loan Bank of Boston, which will fund the creation or preservation of 779 affordable housing units in 19 projects.
What’s in Store for Residential Real Estate in 2019?
2019 will be the best year to be a homebuyer in about four years. This will be especially true in the spring when bidding wars usually peak. There are four key areas both buyers and sellers should be aware of going into 2019.
Rural, Exurban Homebuyers Hit Hardest by Shutdown
When the government shuts its doors because of a funding brouhaha that pits the White House against Capitol Hill, who gets hit hardest among people needing a home mortgage? It all depends on the type of loan you seek and where you’re located.
Banker & Tradesman’s Editorial Cartoon: Just How Big Is the National Grid Backlog?
What’s dozens of layers tall and will take many months to complete? It’s Boston’s newest skyscraper…
It’s the Economy, Stupid
The state has strong fundamentals, but they are imbalanced. Much of the state’s recovery has centered around Boston’s job hub and the best-paying jobs are clustered inside 128. One-third of the state’s economy is gangbusters; the other two-thirds still sees challenges.
Raising Appraisal Threshold Will Harm Homebuyers
Federal banking regulators are proposing a rule change that will deprive hundreds of thousand consumers of an important safeguard in the homebuying process.
A Big Picture Approach to Living With Water
As urban design practice leader at Perkins+Will in Boston, Gautum Sundaram studies how projects from New England to Puerto Rico can fit into neighborhoods while withstanding the effects of climate change.
How North Station Became Boston’s Next Tech Hub
Developer Boston Properties took what many in local real estate circles considered to be a contrarian bet when it partnered with TD Garden owners Delaware North Cos. on a 1.9-million-square-foot development at North Station.
72-Unit Project Proposed Near Roxbury Latin School
Onsite Builders and Development is proposing a 72-unit housing project near the West Roxbury Latin School.
Developer Pays Affordable Housing Obligation Before $123M Sale
One of Boston’s biggest office landlords has made a foray into the local multifamily market with the $123.25-million acquisition of a Jamaica Plain apartment tower.
