Q2 2013 Apartment Trends from Reis Reports by Kevin Friedman The apartment sector has seen very strong vacancy decreases (down 0.2% to 4.3% from the end of 2012). Rents increases have also been solid, rising by 0.5% this quarter. These numbers may not last too far into the future, partly due to the increase in […]
In what is excellent news for the Bay State from both an economic and environmental standpoint, the Massachusetts Clean Energy Center recently made an offer of $1 million to support energy-efficient retrofits for affordable multifamily housing developments. The MassCEC was created in 2008 for this exact purpose. They aim to accelerate the Commonwealth’s clean energy […]
With things looking shaky on the home front, Chinese investors have decided to try their hand in American real estate. Wealthy Chinese are pouring money into commercial and residential properties across the United States, from high-rise condominiums in San Francisco to office towers in Manhattan. Ms. Zhang Xin, the CEO of China’s largest commercial real […]
If you’re looking to purchase a luxury condominium in the heart of Boston, chances are you’re not alone. The median price of a downtown condominium in Boston has reached an all-time high for the first quarter, rising to $537,000 for one unit, up 7% from last year’s first quarter when the median price was $500,000. […]
In less than a week from now, the massive redevelopment project of NorthPoint will take a major step forward. The ceremonial groundbreaking of one of the project’s apartment towers is scheduled for Wednesday May 29th. Located on a 45-acre parcel of land in Cambridge at the edge of the Charles River, the property is expected […]
Real Estate search engine Trulia has announced that it will acquire CRM provider Market Leader for around $355 Million. Trulia has approximately 46,000 “premium subscribers” which is more than its biggest competitor Zillow. Announcing the news on its blog, Trulia CEO Pete Flint said: We are very excited to announce that Trulia has entered into a definitive agreement to acquire Market Leader, Inc. (NASDAQ: […]
Recently, the positive change in commercial cap rates could be attributed to the recovery of credit markets. Low cap rates and weak fundamentals have lead many to question the Fed’s low interest rates. These low rates may be excessively raising commercial prices. In a quote from FRBSF, “It’s true that cap rates are at historic […]
The Boston Landmarks Commission is contemplating a 90-day delay on the demolition of the James Collins Mansion. The delay would allow the Landmarks Commission to consider alternatives to demolition of the historic mansion. Located in the City Point neighborhood on East Broadway, the mansard mansion is an iconic building. South Boston residents are petitioning the […]
Raymond Property Co. recently sold its headquarters in Boston’s Back Bay for $14.5 million
On February 5, 2013 the East Cambridge Business Association released updated plans to revitalize Kendall Square as a world-renowned center of innovation. The goal of redevelopment is to create a vibrant, mixed-use district that will compliment innovations underway on MIT’s campus. ABG Commercial is excited about the development of the PUD-5 district. As the housing […]
