The recent surge in inflation is starting to effect construction of multifamily housing in Massachusetts, forcing some developers to put projects on hold or revamp their financial assumptions amid skyrocketing materials and labor costs.
A Brookline townhome rental development from Chestnut Hill Realty will offer its units at roughly $4,300 plus two months’ free rent as it begins leasing.
Several major property owners representing hundreds of thousands of rental units nationwide agreed Monday to pause evictions for failure to pay rent until 2021 and to work with tenants who are struggling amid the COVID-19 pandemic.
While the hotel industry reels from travel downturns, a Brookline developer is looking ahead to the post-COVID era and prospects for a large mixed-use project at Coolidge Corner.
Chestnut Hill Realty has sold a 17-unit apartment building in Cambridge for $11.85 million.