West End Towers Deal Paves Way for Multifamily Mega-Merger
Attorney General Andrea Campbell’s office announced Tuesday that multifamily giants AvalonBay Communities and Equity Residential agreed to sell two apartment towers in Boston’s West End.
Apartment Rents Trending Downward in Some Boston Suburbs
Apartment rents are trending downward amid a wave of new buildings coming online, including a 3.6 percent annual decrease in development hotspot Everett.
Immigration Policy Behind Warning Signs in Boston Apartment Market
Boston landlords are monitoring a leasing downturn tied to the Trump administration’s restrictions on international students.
MGH Offices Eyed for Residential Conversion
Medical offices previously occupied by Massachusetts General Hospital would become apartments in the latest proposal submitted for Boston’s downtown office to residential conversion program.
Citing Less Construction, Major Boston Landlords Plan Big Rent Hikes
Executives with Equity Residential and AvalonBay told stock analysts that low rates of housing production in Massachusetts let them raise rents nearly 5 percent year-over-year.
Equity Residential Buys Weymouth Apartments for $62.6M
A former Weymouth motel property redeveloped as an apartment complex was acquired by Chicago-based Equity Residential for $62.6 million.
New Supply Cools Off Boston Rent Increases
Apartment vacancies rose to their highest levels in three years as developers delivered 8,700 units in eastern Massachusetts during the past year.
High Mortgage Rates Set to Drive Equity Residential Rent Hikes
One of Greater Boston’s largest apartment landlords said high mortgage rates are keeping tenants out of the home ownership market longer and driving recent rent increases.
Apartment Rents Set New High in Q2
Average asking rents for apartments in Greater Boston topped the $3 per square foot mark for the second straight quarter, and are expected to rise even further as employment stays strong and the development pipeline stays modest.
Luxury Apartment Landlords Report Big Rent Increases
A pair of publicly-traded apartment landlords reported big rent gains at their Boston-area properties, while a national research report said rent growth is slowing after 18 months of record-breaking increases.
Big Apartment Landlords Report More Rent Increases
Two publicly-traded apartment landlords reported big rent increases in their New England portfolios amid a recovery of the multifamily market.
Apartment Rents Shatter All-Time Records
Apartment rents have blasted past pre-COVID levels in Greater Boston as demand returned to both downtown and suburban markets while the new supply pipeline declined.
Could Rental Concessions Draw Gen Z Tenants?
Boston-area landlords are continuing to ramp up concessions in an effort to lure more tenants, but a new nationwide study from Zillow suggests that the sweeteners and discounts could be luring Gen Z renters.
Renters Shopping for Deals Within Cities as Concessions Increase
Apartment landlord Equity Residential is increasing its concessions to renters in Boston and other high-priced coastal markets that have been the most severely-impacted by the pandemic, executives said.
College Return Uncertainties Affect Apartment Leasing
Uncertainty about international college students’ return to Boston and cutbacks by corporate extended-stay providers have pushed up vacancies in the portfolio of one of the city’s largest apartment landlords.
Yardi Sees Slight Decrease in Greater Boston Multifamily Rents
Greater Boston rents may decline nearly 1 percent by the end of the year, a new report from Yardi Matrix has found.
It’s Survival of the Biggest Following the Pandemic
Some of the biggest real estate players in the Boston area and around the country are pounding their chests and proclaiming from the rooftops the prowess of their business models and the size of their cash reserves.
Apartment Developer Sees Biggest Rent Drops in Boston Area
Multifamily developer Equity Residential said rents at its Boston-area properties have registered the steepest declines across its national portfolio since Jan. 1.
Big Apartment Landlord Freezes Rent Increases
The coronavirus pandemic is starting to accomplish what a historic building boom could not: put a temporary halt to apartment rent increases in Greater Boston.
Everett Narrows Field of Downtown Redevelopers
Everett officials have selected three finalists with local ties to submit proposals to redevelop a 1-acre parking lot at 36 Norwood St. as the cornerstone of a downtown redevelopment plan.
