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.
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.
Report Tracks Uptick in Apartment Vacancies, Rent Moderation
A new report indicates that Greater Boston’s normally resilient apartment market is facing headwinds from the economic slowdown, with vacancies rising and rent growth deaccelerating.
Quincy Tops Apartment Production Outside Boston
A new report shows that Quincy, Revere and Malden had the most new apartment deliveries in Massachusetts in the last five years, while underscoring that Greater Boston trails many U.S. metros in rental housing production.
Developer, Contractor for Lawrence Project Settle Asbestos Claims
The builders of an apartment complex have agreed to pay $335,000 to settle allegations that workers improperly handled asbestos-containing material during the redevelopment of a former manufacturing site in Lawrence.
$34M Roxbury Project Includes New HQ for Construction Co.
A $22 million loan from Rockland Trust Co. is kickstarting a mixed-income development including mixed-income housing and a new headquarters for Cruz Cos., one of the region’s largest minority-owned construction firms.
A Journey from Client to CEO
In a decade, Rachel White went from a customer of Newton-based design-build firm Byggmeister, whose background includes a Ph.D. in religious studies, to its CEO.
665-Unit Project Planned for Skating Club, Studio Allston Hotel Sites
The Davis Cos. has unveiled plans for its anticipated redevelopment of the Skating Club of Boston property, with a twist: The plan also includes redeveloping the neighboring Studio Allston hotel.
Supermarket-Anchored Mixed-Use Project OK’d for Shrewsbury Drive-In
A mid-sized apartment and retail complex has received local planning approval for a site near a long-abandoned drive-in movie theater on Route 20 in Shrewsbury.
Demand Outpaces Multifamily Deal Availability
Investor demand continues to outpace the availability of deals, putting upward pressure on pricing across product type and geography and causing suburban investment yields to begin converging with urban yields for select, well-located assets.
Newton Approves 23-Acre Northland Development
The Newton City Council has given Northland Investment Corp. the OK to build its planned, 23-acre mixed-use development on the site of the former Clarks North America headquarters, but a community group is threatening to get the vote overturned.
Luxury Apartments Raise the Bar (and Lounge)
With more than 2,000 new luxury high-rise units scheduled for completion in downtown Boston by next spring, the stakes are high to deliver the latest eye-catching amenity packages to boost preleasing.
398-Unit Multifamily Project Proposed in Everett
Another multifamily developer is proposing a large industrial-to-multifamily conversion in Everett.
Developer Proposes 591-Unit Apartment Project in Everett
A 4.7-acre vacant industrial parcel located in a federal Opportunity Zone in Everett is envisioned for a 591-unit apartment complex, the largest residential development in the city’s history.
Mattapan Multifamily Project Revises Program Under Compact Living Pilot
A 21-unit multifamily building planned on Blue Hill Avenue in Mattapan is rejiggering its unit mix under the city’s Compact Living Pilot.
South Boston Project Wants 90 More Housing Units
A 1 million-square-foot South Boston development approved in 2016 has redesigned its first phase with less retail space and more housing.
‘Green District’ Eyed for 49-Acre Marlborough Parcel
A 43-acre Marlborough development site once eyed for a large R&D park is being repositioned for a 475-unit apartment complex.
BPDA OKs Northeastern Lab, Mattapan and W. Roxbury Housing
Three new projects are heading for Boston’s neighborhoods: a lab building in Roxbury for Northeastern University, a Mattapan apartment building and a West Roxbury apartment and townhouse development.
41-Condo Building Proposed in Brighton
A new condominium project from City Realty has been proposed just blocks from the large Boston Landing site.
Construction Costs, Not Profits Drive Affordability Crunch
Despite how much Boston’s two leading politicians might wish it to be so, luxury product’s large share of the housing units built in recent years cannot be blamed on a caricature of “the greedy developer.”
