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 […]
Hanover Co., a Houston-based developer, has its sights set on Boston. The developer announced that it will break ground on two apartment complexes by the year’s end. The developments, one in Boston and the other in Cambridge, are the newest additions to Boston’s ever-changing skyline. The Cambridge development, a 398-unit apartment complex, will commence next […]
On September 13th, 2012 the Boston Redevelopment Authority selected Kavanagh Advisory Group as provisional developer of Parcel 39A in the Charlestown Navy Yard. Now, the Danver based development group has released plans for 16 Studio apartments, 2 one bedroom units, and 27 one bedroom and den units. All in all, the residential development will span […]
