Synergy Investments Makes $62M Downtown Buy
Boston-based Synergy Investments added to its more than 5 million-square-foot property portfolio with the $62-million acquisition of a downtown Boston apartment and retail building.
Apartment Investor Makes Fourth Mass. Acquisition
The acquisition of a Hudson apartment complex near Interstate 495 brought a Los Angeles multifamily developer’s Massachusetts portfolio to 647 units.
Norwood Apartment Community Trades for $114M
A Norwood apartment complex was acquired by a Colorado-based multifamily landlord UDR Inc. for $114.3 million.
Marlborough Apartments Sold for $74M
DSF Group will rebrand a Marlborough apartment complex following a $74 million acquisition.
Homebuying Report Raises Troubling Questions, but Offers Bad Remedies
MAPC’s latest research has uncovered astounding statistics about the role investors are playing in pushing Boston home prices up. But it falls wide of the mark in recommending rent control as a solution to the problem.
Report Claims Investors Adding To Mass. Housing Market Strain
There’s another factor driving local housing-market strain: profit-seeking investors snapping up properties at an increasing rate, according to a new report from established urban planning researchers.
Blackstone Sells Suburban Apartments for $143M
Private equity giant Blackstone sold an apartment community south of Boston for $143.5 million to a San Francisco investor.
Hanover North Cambridge Trades for $182M
An apartment complex completed in 2022 near the MBTA’s Alewife Station was acquired by an institutional investor for $182 million.
CUs, Small Mutuals Find Wins
While the state’s regional banks face liquidity pressures and have tightened their credit standards so far this year, Massachusetts’ smaller credit unions and mutual banks saw skyrocketing growth in commercial loan volumes in the first six months of the year.
Mass. Workforce Housing Portfolio Sells for $372M
A Salt Lake City real estate investor closed on a 1,722-unit portfolio of Massachusetts apartment complexes in a series of transactions totaling $372 million.
Beacon Hill Apartments Trade for $9.8M
A 22-unit apartment portfolio steps from the Massachusetts Statehouse traded for $8.9 million in its first change of ownership since 2007.
John Hancock Sells Medford Apartments for $103.5M
A California multifamily real estate investor acquired a 222-unit Medford apartment complex for $103.5 million from John Hancock Life Insurance.
Assembly Square Apartments Sold for $188M
Chicago-based real estate investor Mesirow paid $188 million for a 329-unit apartment complex located next to a growing life science cluster in Somerville’s Assembly Square.
Brookfield Buys Mass Ave. Apartment Block for $439M
Brookfield Properties paid $439 million for a Massachusetts Avenue apartment complex in the second-biggest multifamily transaction in Greater Boston since the pandemic.
Concord Apartments Sold to BlackRock Client for $156M
A Concord apartment complex that includes a mix of flats, lofts and townhomes was sold by Manulife Investment Management for $156 million.
Boston Tower Listing Could Set Multifamily Record
With little competition from new luxury high-rises in downtown Boston and stable rent trends, the pending sale of the Sudbury could set another record for multifamily investment sales.
Tishman Speyer Buys Eastie Tower for $135M
A 16-story apartment tower on the East Boston waterfront was acquired by Tishman Speyer in a $135 million deal.
Downtown Springfield Apartments Sold for $42.6M
A four-building apartment complex near the MGM Casino in downtown Springfield was sold by a Woburn developer for $42.6 million after 28 years of ownership.
Boston Developer Pays $71.7M for Melrose Lofts
A former Melrose factory that was converted into 141 loft-style condos has been acquired by a Boston-based multifamily investor for $71.7 million.
Worcester Apartments Sold to Lawrence Investor After Upgrades
A Worcester apartment complex that was updated with new amenities by its previous owner has been acquired by Lawrence-based Arrowpoint Properties for $26.7 million.
