growing number of Greater Boston multifamily properties held by families and long‑term owners for decades are returning to the investment sales market, signaling a generational shift in ownership rather than a sudden change in market fundamentals. The recent listing of a 216‑unit apartment community in Billerica, offered for sale for the first time in roughly 50 years, has become a bellwether for this trend….
Gary Higgins In its fifth annual Massachusetts Talent and Competitiveness Survey 2025, McKinsey & Co., working with the Massachusetts Business Roundtable, identified three main obstacles to doing business in the Commonwealth: high costs of doing business, high living expenses, and aging infrastructure. Business leaders met Thursday to review the survey results and discuss strategies for […]
By Grant Welker Everett Sees Rapid Residential Growth Everett’s residential market continues to expand with the opening of two new apartment complexes: Jade (325 units) in the Commercial Triangle and Artemas (396 units) just north of Santilli Circle near local breweries and businesses. The city of roughly 52,000 has experienced rapid growth due to its proximity […]
By Catherine Carlock and Emma Platoff Globe Staff,Updated January 18, 2023, 1:18 p.m In a bid to bring rent control back to Boston for the first time in three decades, Mayor Michelle Wu is readying a proposal that would limit allowable rent increases to 10 percent per year. The plan, which was floated Tuesday to an […]
By Prashant Gopal October 3, 2022 at 12:01 AM EDTUpdated onOctober 3, 2022 at 8:59 AM EDT Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, mortgage-data provider […]
The life sciences sector continued to grow in the Bay State last year, adding another 12,000-plus workers and nearly 16 million square feet in real estate between 2020 and 2021. That’s according to a new report from the Massachusetts Biotechnology Council, the trade group better known as MassBio. UPGRADE TO NATIONWIDE ACCESS Get Industry Insights […]
The Kraft Group is considering building an apartment building near the Gillette Stadium, reports the Boston Herald. However, the town planner of Foxboro said current zoning laws will not accommodate one-acre lots with single-family homes. The town planner Sharon Wason told the newspaper, “They’ve got to change the rules somehow so they can build apartments.” […]
Foreclosure activity in the state of Massachusetts continued to fall this quarter—signaling further economic recovery for the Bay State. The number of foreclosures in Massachusetts has remained under 1,000 for the fourth consecutive month, while petitions signaling the first step of a foreclosure have decreased by 38% year over year. 856 petitions were filed this […]
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 […]
