209-Unit Proposal OK’d for Another Revere Beach Parking Lot
Another seaside parking lot in Revere Beach looks set to be replaced with a multifamily development.
FHFA Extends Multifamily Forbearance
Multifamily property owners with forbearance agreements for mortgage backed by Fannie Mae or Freddie Mae are now eligible for an extension.
COVID-19 Could Permanently Change CRE Models
The spread of the coronavirus could lead to permanent changes in commercial real estate, including increasing reliance on remote working, online shopping and medtech integration, JLL predicts.
A Maturing Real Estate Frontier in Allston
How much longer can multifamily growth sustain itself? Bruce Percelay of early Allston arrival Mount Vernon Co. takes stock of the landscape.
Boston Rents Up 6 Percent in Last 12 Months
Residential rents in the city of Boston have risen by 6 percent in the last 12 months to $2,400 per month, according to a new report by apartment listing service Zumper.
Shrewsbury Apartments Sold to NY Firm for $77M
A 250-unit Shrewsbury apartment complex has been sold for $77 million, according to documents filed with the Worcester Registry of Deeds.
298-Unit Longwood High-Rise Sold
A partnership between Jefferson Apartment Group and LaSalle Investment Management have bought a large apartment high rise in the Longwood Medical Area.
A Business Model Built for the Long Haul
The apartment business runs in the family at The Hamilton Co., the Allston-based landlord and developer founded by the late Harold Brown. His son Jameson, after working as a real estate agent in Boston, joined the company in 2009. Following his father’s retirement in November 2017, Jameson Brown was named co-CEO along with Chief Financial Officer Andy Bloch.
Landmark Report Shows State Needs Multifamily Zoning Requirements
A central, troubling theme emerges from the Dain report on Greater Boston multifamily land use policies: Land use decisions and plans in many towns and cities have a tenuous relationship with reality.
Report Details ‘Paper Wall’ of Zoning Blocking Multifamily Building in MA
A landmark report that, for the first time surveyed the 100 cities and towns surrounding Boston, details the many ways municipalities attempt to block or restrict multifamily housing.
Apartments on Top of Brewery Proposed for Quincy
A developer has proposed building 75 apartments in Quincy, on top of three retail spaces and a brewery.
Springfield Hospital Could Become Housing
A 400,000-square-foot Springfield hospital building slated for closure could become housing.
Apartment Developer Kicks Off $1B Fund With Boston Acquisition
A developer active in Malden Center’s transformation is teaming up with a real estate fund with plans to acquire $1 billion in apartment properties, including its initial investment in a Boston high-rise.
From Asphalt Deserts to People Spaces
Copley Wolff Design Group has an increasingly important seat at the table when project teams meet to map out new developments that put open space in the forefront. Ian Ramey joined the firm as principal in 2015 after 19 years at Morgan Wheelock, Carol R. Johnson Assoc. and Shadley Assoc.
Delayed $10M Worcester Apartment Moves Forward
After years of delays, a $10 million apartment project near downtown Worcester could soon move forward.
Bedford Investor Buys Revere Multifamily Property
A Bedford investor has acquired a Revere multifamily property for nearly $2.7 million, or $333,333 per unit.
JLL Rebuilds Multifamily Team With Two Hires
JLL Boston has hired a pair of capital markets executives to rebuild its presence in the multifamily real estate sales arena.
Multifamily Market Could Be More Competitive In 2018
Across the New England region, demand for multifamily product of any kind has been incredibly strong in 2017. From Portland, Maine to Stamford, Connecticut there are strong fundamentals with year-over-year rent growth in almost all submarkets.
In Hot Market, Hill Eyes Housing Bond To Address Affordability
A long-term borrowing bill that will likely top $1 billion is emerging as a priority for affordable housing advocates, key lawmakers and Gov. Charlie Baker.
Higher Fees Don’t Affect Multifamily Pipeline
Aided by a bustling multifamily building climate and more aggressive affordable housing requirements on private development, Boston has added more than 1,800 income-restricted apartments and condos in the past three years. City officials credit their updated inclusionary development policy for stabilizing rents and generating affordable and workforce housing in high-cost areas
