$29M Worth of Luxury Condos Snared in Saudi Royal Dispute
Ownership of some of Boston’s highest-end condos hangs in the balance as part of a $3.5-billion legal battle stemming from an power struggle in the Saudi Arabian royal family.
Banker & Tradesman’s Editorial Cartoon: They Didn’t Get What They Paid For
Is it even a luxury penthouse if you can’t top the list of most expensive sales?
New Property Manager Named for Pierce Boston
Newton-based Barkan Management Co. has been named as the new management company at the 109-unit Pierce Boston luxury condo tower in Boston’s Fenway beginning Jan. 1.
Long-Delayed Greenway Project Could Start Soon, With Bigger Condos
Construction of a long-delayed luxury condo project at 55 India St. in Boston could begin next spring following the Greenway-facing development site’s acquisition this week by Boston Residential Group.
With Lenders Cool on Luxury Projects, Offices Take Center Stage
While developers of new office towers are betting on no recession, or a very shallow one, apartment and condo builders are clearly looking at the future a bit more warily. Both sides can’t be right here.
Lawsuit Says ‘Gross Mismanagement’ Derailed 1000 Boylston Air Rights Tower
A financially risky partnership to build an $800-million condo tower above the Massachusetts Turnpike collapsed because of a Boston developer’s “gross mismanagement” and “brinksmanship,” construction giant Suffolk claims in a lawsuit.
Advisors Living Named Exclusive Broker for Davis Cos. South End Project
Sales at the brand-new Pier 4 luxury complex aren’t letting up but already Boston real estate brokerage Advisors Living has landed the contract to exclusively market and sell a new luxury development, this time in the South End.
Rebuilding on the Fly at Bulfinch Crossing
A carefully engineered plan has allowed 368 rental apartments and 55 for-sale condominiums to rise skyward on a tiny footprint – all while keeping the garage which shares its building site operating.
Millennium Pushes the Envelope at Winthrop Center
Developer Millennium Partners didn’t anticipate a renewed debate in Congress over carbon taxes as it started designing its $1.35 billion Winthrop Center tower. But the potential to reduce the 691-foot skyscraper’s energy consumption by up to 80 percent is starting to look more prescient.
New South Boston Luxury Condo Development Gets Underway
Work has begun at The Ceinture, a luxury condominium development on West Fifth Street in South Boston, according to an announcement from the developer.
Seaport Luxury Projects Mark Milestones
Two projects totaling $1.2 billion that will bring 831 more high-end condominiums and apartments to Boston’s Seaport District are marking construction milestones.
Should Luxury Condos Subsidize Affordability?
Anecdotal evidence that many of Boston’s newly built luxury condos sit unoccupied as part-time residences or “wealth storage lockers” for out-of-town investors is bolstered by the findings of a new housing market study.
Luxury Condo Choices Multiply
If Boston’s luxury condominium market was defined in 2016 by the ultra-luxurious Millennium Tower’s debut, 2017 is characterized by construction of lower-profile mid-rises offering relative price bargains in the $1,000 to $1,400 per square foot range.
