Greater Boston’s position as one of the priciest rental markets in the U.S. appears secure, even as developers add more than 5,000 new apartments to the local inventory this year.
A new report from the Metropolitan Area Planning Council suggests that the supply of parking in a multifamily building may affect who chooses to live there, and that Boston-area developers are building too much parking overall.
Zella-Ray Martin was two years, two months and two days old when she fell to her death out of the window of her mother’s Fitchburg apartment last October. Now, her family is pushing to pass a law in her memory that they hope would prevent similar tragedies by requiring window guards or locks in the homes of young children.
A developer has applied to build a 62-unit apartment building near the corner of College and South East streets in Amherst.
A partnership between Jefferson Apartment Group and LaSalle Investment Management have bought a large apartment high rise in the Longwood Medical Area.
One in every 12 Boston-area renters, possibly priced out of their current units, are taking an active interest in Providence, Rhode Island and Worcester, according to new data from Apartment List.
The apartment business runs in the family at The Hamilton Co., the Allston-based landlord and developer founded by the late Harold Brown. His son Jameson, after working as a real estate agent in Boston, joined the company in 2009. Following his father’s retirement in November 2017, Jameson Brown was named co-CEO along with Chief Financial Officer Andy Bloch.
A San Francisco multifamily real estate investor has made its first acquisition in Greater Boston, paying $130 million for a 562-unit apartment complex in Westborough.
The owner of a 16.36-acre Hudson industrial property that has struggled for years to reach full tenancy is proposing to redevelop the land into 196 apartments, including 64 in a historic mill building on the site.
A 400,000-square-foot Springfield hospital building slated for closure could become housing.
A property on Revere Beach near Elliot Circle has sold for $4.12 million, clearing the way for a 60-unit apartment development proposed for the site.
After years of delays, a $10 million apartment project near downtown Worcester could soon move forward.
Nest thermostats, keyless entry locks and electric outlets compatible with Google Home and Alexa platforms have become standard bragging points for developers marketing units in new apartment complexes.
Revitalization strategies for Medford Square sat in binders over the past decade while business districts in Somerville and Malden Center picked up momentum. Now this inner suburb of 58,000 is looking at 2 acres of asphalt as the foundation for a downtown makeover
Boston’s high-flying luxury apartment market is surely headed for a landing of some sort. The only question now is what just exactly what kind of landing it will be.
The developer of a 54-unit apartment complex in Cambridge’s Alewife neighborhood has broken ground on the next phase of the project, the 93-unit Park 77.
Market conditions for the apartment industry remained soft in the National Multifamily Housing Council’s October Quarterly Survey of Apartment Market Conditions.
Average U.S. monthly rents rose by $5 in January, demonstrating strength to start the year after a seasonal flattening at the end of 2016. Rents increased to $1,315, according to Yardi Matrix’s monthly survey of 124 markets. On a year-over-year basis, rents were up 4.6 percent nationwide in January, a 30-basis-point increase from December, though still 240 basis points below the recent high of 7 percent in January 2016.
Federal Realty Investment Trust is beginning a $350 million additional phase of development at Somerville’s Assembly Row in the form of 447 luxury apartments, 117 condos, 167,000 square feet of retail shops and a 155-room hotel.