Mass. Momentum Fund Finances First Development
The $50 million state fund created as part of Gov. Maura Healey’s big housing bill last summer will help a 92-unit Milton project get off the ground.
Boston Rents Continue to Rise Despite Pulse of New Buildings
A recent Redfin report said Greater Boston now has one of the highest median asking rents across the country.
BlackRock Buys Wayland Complex for $98M
A two-year-old apartment complex in Wayland that’s seen steady rent increases in 2024 sold for $98 million to private equity giant BlackRock.
Downtown Marlborough Development Gets $41M Financing Package
Procopio Cos. moved forward with its second multifamily development in Marlborough this year after acquiring a parcel near downtown and receiving $41.4 million in financing.
Will Money Pool Move the Housing Needle?
Developers and brokers say a new, albeit small, pool of state funding called the “Momentum Fund” will break through a logjam that’s severely reduced groundbreakings of major multifamily projects.
Will Boston Multifamily Hit Its Own ‘Wall of Maturities’?
The nation’s multifamily owners are facing a financial crunch as they try to refinance construction and other loans. But Boston is likely to see a lot less distress than Sunbelt cities, experts say.
Cost of Debt Weighs on CRE Outlook
After a decade-long expansion, real estate investors and developers are confronting the reality that investment will be more selective in 2024 – perhaps even the most challenging financing climate in over a decade.
Berkeley Investments to Expand Mill 240 in Lawrence
Boston-based Berkeley Investments is seeing growth opportunities in Lawrence, where it has completed a $98.5 million acquisition of a five-building multifamily and industrial portfolio.
