Boston
Rent Growth Rebounds in Boston
The metro’s multifamily development pipeline remains steady, yet demand is once again outpacing supply. Monthly rates rose 2.9 percent year-over-year.
Homeowners Rehab Secures $40M for MA Asset
The 98-unit HRI Concord Highlands will be the largest new construction affordable development to rise in Cambridge, Mass., in 40 years.
Community Builders Secures $10M for Affordable Boston Development
TD Bank arranged the financing for The Clarion, and its Community Capital Group has also invested $9.2 million of equity in the project. Construction is scheduled for completion by 2019.
Boston Luxury Community Trades for $43M
Grossman Cos. teamed up with The Waypoint Cos. to sell the recently completed, 80-unit property situated in the Allston neighborhood.
Boston’s Tallest Residential Tower Reaches Full Height
One Dalton, located atop the 215-key Four Seasons hotel, offers 160 apartments and access to shared amenities such as a theater, a spa and a 65-foot lap pool.
Boston-Area Community Trades for $44M
PP Hudson Investors has acquired the 176-unit Matrix Hudson in Hudson, Mass. The seller was a joint venture between Heritage Properties and Moss Development.
On the Market: 5 Interesting Listings for the Week of 7/16
This week’s listings include a newly constructed luxury community in Boston, a 1920s-era property in Los Angeles and more.
CBRE Secures $27M for Former MA Chocolate Factory
The historic building close to downtown Mansfield is being redeveloped into a mixed-income, mixed-use property that will contain 130 units.
WinnCos. Breaks Ground on Boston Veterans Housing
The Residences at Brighton Marine is the first of its kind to offer mixed-income housing in Boston since World War II. It will include 102 units and on-site services and is scheduled for completion by December 2019.
Cornerstone Arranges $14M for MA Asset
Langley Terrace in Newton currently comprises three buildings and one two-family home, which will be leveled in order to construct a three-story apartment asset. Construction is scheduled for completion by June 2019.