Merrimack College Partners with Local Developers on $245M Apartment Buy
A pair of Boston-area developers partnered with Merrimack College to acquire a sprawling North Andover apartment community from its longtime owner for $245 million.
Technology Supercharges Opportunities for Rental Fraud
Skyrocketing rents, tougher eviction laws and increasingly sophisticated AI tools are all fueling a spike in rental-application fraud across Massachusetts.
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.
Wentworth Institute Shrinks Campus Building Plans
Wentworth Institute of Technology is partnering with student housing specialist Balfour Beatty Campus Solutions on redesigned new student housing projects on its Boston campus.
First MBTA Communities Projects Surface in Medford, Needham
Developers are planning the first two proposals under MBTA Communities law districts in Medford and Needham, which could create 437 new apartments steps from transit stations.
Malden Apartment Building Sold for $112.5M
The 295-unit building at 500 Broadway in Malden has been acquired for $112.5 million.
FTC Sues Greystar, Alleging Millions in Hidden Fees
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.
Campbell Joins Lawsuit Against RealPage, Greystar, Five Other Landlords
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.
Assembly Row Developer Delays Big Lab Project
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.
Developer Seeks Two-Year Delay for Somerville Lab Tower
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.
If You Rezone It, Will They Develop?
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.
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.
The Year Massachusetts Got Serious About Housing Production
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 Tees Up 1.6M SF Somerville Hotel, Lab Project
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.
Taking the Temperature of Industrial Development
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.
Greater Boston Apartment Deliveries Lag U.S.
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.
Student-Specific Housing Can Help Solve Boston’s Housing Crisis
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.
Greystar Proposes Second Local Lab Project
A 1960s office park near Route 128 would be replaced by a life science project under plans under review by Waltham officials.
Industrial Deals Dropped 26 Percent in Q2
Industrial leasing activity dropped 26 percent during the second quarter, confirming softening in the once-overheated Greater Boston market.
For Renters, the Worst Is Yet to Come
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.
