Treasury Proposes New Regulations for Residential Real Estate Transactions

By Erik Sherman  Anti-money laundering has become an ongoing topic for the Biden administration. The latest round of reports focuses in part on real estate. As a result, the Treasury Department has proposed new rules that would government CRE transactions. The report addressed real estate as part of a luxury and high-value goods category. “Money laundering through real estate can […]

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Housing Leaders Celebrate 12 Out of 12 MBTA Rapid Transit Communities Adopting New Zoning Ahead of Year-End Deadline

BOSTON – Leaders of housing advocacy groups today celebrated the Chelsea City Council last night who unanimously voted to pass new zoning to create more homes near transit in line with the MBTA Communities Law. With this vote, all 12 Rapid Transit Communities have met the year-end deadline to adopt new zoning – a historic […]

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A Real-Estate Haven Turns Perilous With Roughly $1 Trillion Coming Due

By Konrad Putzier Apartment buildings, long considered a real-estate haven, are emerging as the next major trouble spot in the beleaguered commercial-property world. Investors bid up the prices of multifamily buildings for years, attracted by steadily rising rents and the prospect of outsize returns. Many took on too much debt, expecting they could raise rents fast enough to […]

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As rent control falters on Beacon Hill, advocates mull taking the matter to the ballot box

By Andrew Brinker A high-profile push by Boston Mayor Michelle Wu and some housing advocates to end the state’s three-decade-old ban on rent control has gained little traction with state lawmakers this year. So now supporters are considering another approach: taking the matter to the voters. Cambridge StateRepresentative Mike Connolly — “acting in my personal […]

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