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 […]
Susan Piperato Even in the midst of the broader troubled commercial real estate market, the single-family rental (SFR) sector has continued to expand driven by a surge of build-to-rent (BTR) projects which have set new records in the deliveries of new homes. While the SFR sector was built first through acquisition, real estate investment managers in the space have not been […]
By Andrew Brinker Globe Correspondent,Updated March 2, 2023, 6:25 p.m Ever since word spread through Braintree of a 495-unit apartment complex proposed at the South Shore Plaza, an organized opposition campaign has been ramping up. Lawn signs decrying the “monster project” are appearing around town, and some residents are urging the Planning Board to deny the […]
Many of the most prominent office developers in the U.S. are shifting gears, looking to buy or build real estate that isn’t office. Boston Properties Inc. is planning to develop 2,000 residential units up and down the East Coast. The firm, which owns more U.S. office space than any other publicly traded company, also is developing […]
via bldup.com Framing is underway on 346 Somerville Avenue with a permit issued for complete wiring on the multifamily project. Plans call for a 94 residential unit building with 2,470 SF of ground-floor retail near Union Square in Somerville.
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. […]
The redevelopment of Kendall Square has received zoning approval from the city of East Cambridge. The 26 acres owned by MIT have been rezoned and construction will likely transform the area into a center for innovation. The approval Monday allows the construction of two 300-foot-high buildings—provided that any space above 250 feet is residential. On […]
