Apartment Construction Can’t Keep Up with Rents
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.
Report Finds Multifamily Tenants Significantly Underuse On-Site Parking
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.
Family Pushes Bill Requiring Window Guards in Young Children’s Homes
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.
62 Apartments Proposed in Amherst
A developer has applied to build a 62-unit apartment building near the corner of College and South East streets in Amherst.
298-Unit Longwood High-Rise Sold
A partnership between Jefferson Apartment Group and LaSalle Investment Management have bought a large apartment high rise in the Longwood Medical Area.
Worcester, Providence Draw Interest from Boston Renters
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.
A Business Model Built for the Long Haul
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.
Northland Sells Westborough Apartment Complex for $130M
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.
Hudson Industrial Owner Pitches Housing to Revive Struggling Property
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.
Springfield Hospital Could Become Housing
A 400,000-square-foot Springfield hospital building slated for closure could become housing.
Revere Beach Parcel Destined for Apartments Sold for $4.12M
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.
Delayed $10M Worcester Apartment Moves Forward
After years of delays, a $10 million apartment project near downtown Worcester could soon move forward.
Can Apartments Be Both Smart and Secure?
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.
Filling the Gaps in Medford Square
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
Don’t Expect a Crash in Boston’s Luxury Market
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.
Alewife Development Will Include 93 Apartments
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.
Apartment Markets Decline Slightly In The October NMHC Quarterly Survey
Market conditions for the apartment industry remained soft in the National Multifamily Housing Council’s October Quarterly Survey of Apartment Market Conditions.
Multifamily Rents Continue To Grow Through January
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.
Leasing Center Opens At One Greenway
A preleasing center has opened at 75 Kneeland St. for...$350M Next Phase Of Assembly Row Gets Green Light
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.
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