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 […]
Following the housing bubble, construction of new homes declined sharply. The effects of low home inventories were felt in 2012 and will continue throughout 2013. The MLS Property Information Network reports that prospective buyers in Massachusetts had 23% fewer homes to select from compared to this time last year. In fact, in just Boston alone […]
Rental rates are up 6.4% year-over-year in 2012, reports Trulia. The median monthly rent for Boston is now a steep $2,400. Most brokers expect an increase in demand during the early months of the calendar year due to lease expirations from the previous year. However, there is some relief for individuals looking to lease a […]
Construction on NorthPoint, a 20-story apartment complex, has commenced in Cambridge. HYM Investment Group, the real estate developer behind the project, stated that $2 Billion development could encompass 5 million square-feet and will include residential, commercial office, biotech, and retail opportunities. The residential portion of the development will include 355 luxury units. Progress on the […]
Real estate developer Avalon Bay Communities recently revealed plans for a 38-story apartment building located across the way from Boston’s North Station and TD Garden arena. The project, dubbed Nashua Street Residences, will include a total of 503 studios of varied sizes. However, the proposed project is not set in stone. The company stated that […]
Good news for the Massachusetts housing market—sales of single-family homes increase by an astonishing 21% in October compared to last year’s figures. Furthermore, the Massachusetts Association of Realtors reported that October was the 16th consecutive month where sales were higher than during the same month in the previous year. In addition, the group also reported […]
