U.S. property management company Greystar swindled renters across the country out of hundreds of millions using deceptive advertising and hidden fees, according to a lawsuit filed Thursday by the U.S. Federal Trade Commission and Colorado.
Massachusetts Attorney General Andrea Campbell and nine other state AGs joined the U.S. Justice Department in suing several large landlords for allegedly coordinating to keep Americans’ rents high.
Federal Realty Investment Trust is delaying groundbreaking of a 381,529-square-foot life science project at Somerville’s Assembly Row, citing “oversaturation” in the lab development market.
The developer of a 19-story lab tower in Somerville’s Assembly Square is seeking an extension to redesign the project following a change of ownership and continuing sluggishness in life science leasing.
Brokers and developers say opportunities for the kinds of large-scale projects that would move the needle on Massachusetts’ housing shortage are few and far between under rezonings completed so far under the MBTA Communities law.
Apartment vacancies rose to their highest levels in three years as developers delivered 8,700 units in eastern Massachusetts during the past year.
2023 ushered in new policy initiatives to tackle the housing crisis. Is 2024 the year we get production back on track, as all levels of government signal they are prioritizing big solutions?
Greystar’s second Somerville project would include nearly 1.6 million square feet of hotel, office and lab space steps from its nearly-completed 74M tower.
Known primarily for its vast multifamily portfolio, developer Greystar is in the hunt for good sites in Massachusetts to provide expansion for industrial real estate tenants. Chris Legocki oversees the effort.
The current pace of apartment construction in Greater Boston trails all major U.S. markets except for New York City and Los Angeles, while rents rose 3.1 percent in the past year.
Boston’s housing market is failing. If policymakers can unlock development of student-specific housing, particularly in the city, they have an opportunity to make an outsized impact.
A 1960s office park near Route 128 would be replaced by a life science project under plans under review by Waltham officials.
Industrial leasing activity dropped 26 percent during the second quarter, confirming softening in the once-overheated Greater Boston market.
Renters looking for an apartment as Boston’s all-important September lease rollover date approaches face daunting challenges – even by the standards of the region’s typically competitive market.
Leasing activity at what will grow to a 1,900-unit apartment portfolio in Everett by developer Greystar is confirming strong demand for new rental properties in Greater Boston.
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest edition of Banker & Tradesman’s Personnel File.
Multifamily developer Greystar, the largest developer in Everett’s Commercial Triangle neighborhood, gave $25,000 to the city’s summer jobs program. See who else gave back recently.
Gary Kerr is the face of Greystar’s expanding profile in Massachusetts commercial real estate, as its developments rise in East Bridgewater, Somerville and Everett.
Everett officials and a development team swapped out the usual shovels for sledgehammers at a ceremony marking the beginning of a new apartment complex at 1690 Revere Beach Parkway.
Brookline Bank has provided a construction mortgage for one of Greystar’s three apartment projects in Everett.
