A 195-unit apartment complex located in a business park near Route 128 in Waltham traded for $91 million in the latest in a series of suburban Boston acquisitions by a New York multifamily investor.
Alliance Residential and Invesco have pocketed $139.25 million after selling a 220-unit Hingham apartment complex completed in 2020 to an institutional investor.
The first phase of Alliance Residential’s newest local multifamily development brings 110 apartments to a former commercial property in Billerica.
With the introduction of COVID-19, many trends in amenity programming have become accelerated and are expected to continue to impact the multifamily going forward.
A midrise rental complex developed in a Hingham office park under the state’s Chapter 40B affordable housing law is 50 percent leased following its recent completion by Callahan Construction Managers.
