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Statistics |
| Unique Visitors: 11 |
| Total Unique Visitors: 77034 |
| Visitors Out: 2017 |
| Total Visitors Out: 2017 |
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| Pattern points to housing bust’s end |
| 2008-05-14 03:55:00 |
Forget soaring foreclosures and the free-fall in home prices. The battered real estate market may have finally hit bottom, a nationally known Boston real estate expert is declaring.Bucking widespread gloom about the state of real estate, Wellesley College housing market guru Karl Case sees strong signs of a possible rebound.And he even thinks it might be time for a little bargain hunting as well.
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| Boston Office Market Trends Toward Condos |
| 2008-05-09 19:31:00 |
BOSTON-Approaching 30 years in the business, NAI Hunneman Commercial Co. principal Jeffrey Becker has seen plenty of real estate formulas come and go, but the veteran broker considers a recent trend in office condominiums as an idea with lasting power. Becker is helping three property owners market condos in commercial buildings throughout the city, including a 30-unit asset at 185 Devonshire St. in the Financial District and a seven-unit building at the redeveloped Charlestown Navy Yard."It’s an opportunity to lock in your occupancy costs and enjoy the tax benefits that come from ownership," Becker tells GlobeSt.com, in explaining why he believes locals are finally embracing a structure...
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| Condo sales in Boston drop off |
| 2008-05-03 02:28:00 |
Sales of condos in the 12 core markets of Boston, from the North End to the Back Bay, the South End to South Boston, plunged 22.3 percent in the first quarter of this year, while median prices declined nearly 1 percent, to $475,000, according to the Listing Information Network Inc., a real estate firm."It's a huge decline" in sales, said Debra Taylor Blair, president of Listing Information Network. "Downtown is slowing down," she said.
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| Home prices swoon again |
| 2008-04-29 02:58:00 |
That market downturn, however, was caused by problems in the banking system, the report noted, while the current problems are driven by the mounting number of foreclosures, which show no sign of abating."It might be a while before we pull out of the current housing slump," concluded Timothy Warren, CEO of The Warren Group.Barnstable County experienced a slightly steeper drop in prices over the same period. The median sales value of a single family home on the Cape last month was $345,000, down nearly 12 percent from the March 2007 price of $369,000.
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| Boston company seeks to buy Marine Home Center |
| 2008-04-24 18:48:00 |
A Boston-based real estate company has expressed interest in acquiring Marine Home Center, the island's largest building-supply, housewares and home-furnishings business, the second such overture from an off-island group in five months.Intercontinental Real Estate Corporation has sent Marine Home Center a letter of intent, Marine Home Center owner Denis Gazaille confirmed Tuesday, and both sides are exploring a potential deal, he said.Intercontinental's chairman and CEO is Peter Palandjian, one of the investors in the Nantucket Dreamland Foundation, which purchased the historic Dreamland Theater last year.
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| Longwood Towers to hit auction block |
| 2008-04-18 11:13:00 |
Nearly 200 luxury condos will hit the auction block next month at Longwood Towers in another big blow to the Boston area’s battered real estate market.The foreclosure auction, at which 196 units in the Brookline development will be sold as a single block, is the largest of its kind to date during the current real estate market downturn.The lender, New York-based iStar Financial, plans to bid on the property at the auction through a subsidiary. If successful, the firm would then complete renovation work on Longwood’s three residential high-rises, the company said in a statement, where units are priced anywhere from the low $300,000 range to $1.5 million.
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| Title insurers face criticism over pricing |
| 2008-04-15 10:59:00 |
Boston Property - The price of title insurance, a mandatory surcharge on every Massachusetts mortgage loan, more than doubled over the last decade. The average borrower last year paid about $1,500 at closing.A chorus of critics, including state regulators and members of Congress, say the title insurance industry overcharges its customers. The industry says it offers a valuable service at a fair price, and it has opposed reforms with considerable success. But there is still an easy way to cut the cost of insurance in half.
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| Boston’s commercial real estate market |
| 2008-04-12 11:36:00 |
Boston Estate">real estate - Rents for the Boston area’s most exclusive towers and buildings are cooling in a sign the red-hot office leasing market may have peaked.After several quarters of rising rates, the average asking rent for Class A towers and buildings in Greater Boston fell 45 cents to just over $40 per square foot, commercial real estate firm Richards Barry Joyce & Partners reports.That comes after 18 months in which rents for top towers and buildings spiked, jumping nearly 30 percent since the end of 2005, the firm finds in its first quarter market report.
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| Demand for office space stays strong south of Boston |
| 2008-04-08 18:44:00 |
Boston’s southern suburbs have become the most popular new address for corporate tenants in 2008.The south suburban region led all of Greater Boston’s office markets in newly leased space during the first quarter. Vacancies fell as tenants signed up for more than 184,000 square feet of office holdings during the quarter, according to data compiled by real estate brokerage Jones Lang LaSalle. “The South Shore continues to get activity from tenants who need big blocks of space and Red Line access,” said James Elcock, an executive vice president at Colliers Meredith & Grew.
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| Local commercial office market is holding steady |
| 2008-04-02 03:29:00 |
Two new reports offered some reassuring news about the Greater Boston commercial real estate market for research space and office towers.Despite a faltering national economy, leasing fundamentals held steady in the Greater Boston office market, Boston real estate firm Colliers Meredith & Grew said in a first-quarter report.The vacancy rate remained flat since year-end 2007, at 14.3 percent, and down from 16.3 percent at the end of the first quarter a year ago, the report said.
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| The state is investigating a November auction of foreclosed Massachusetts homes |
| 2008-03-28 15:43:00 |
The Massachusetts Division of Standards, which licenses auctioneers, also sent a letter to four of the company's employees warning them against including such homes in a second Boston auction scheduled for tomorrow.The letter from Charles Carroll, the division's deputy director, warns that the employees could lose their state licenses if they auction properties prematurely.The California company plans to auction about 170 Massachusetts homes at the Hynes Veterans Memorial Convention Center. The company's November auction included about 300 properties.
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| A need for real estate authors from Boston |
| 2008-03-24 03:22:00 |
Hi, This is Tam Tree, I hope you like the Boston Estate">real estate news blog.I need real estate authors from Boston to help me coverage the areas of Cambridge and downtown Boston.Please send email if you like to participated in this effort. Thanks !tamtree@gmail.com
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| Local architects design unique JP commercial buildings |
| 2008-03-22 11:13:00 |
Jamaica Plain has a rich architectural heritage. In addition to many different forms of residential architecture, including Georgian mansions, roomy Victorians and more modest Cape Cod style homes, a wide variety of commercial buildings reflect JP’s diverse and changing business community.Three local architectural firms are playing prominent roles in designing new residential and commercial buildings as well as retrofitting the area’s business spaces for new uses.
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| Behold the most expensive home sold on the Massachusetts mainland last year |
| 2008-03-18 15:27:00 |
The 4.5 acre property includes a "tea house" about the size of the average American home, a private beach and a deep-water dock -- which is no small matter in a town where the wait for a mooring permit is about a decade. The main home includes about eight bedrooms, depending on how you count, two kitchens, a conservatory and an indoor waterfall, according to a write-up in the Gloucester Daily News.The buyers, Mark and Becky Levin, are part of the new Boston elite: He's the former chief executive of a Millennium Pharmaceuticals; she runs Levin and Co., an executive search firm that works with biotech companies.
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| Boston to offer free legal help to stem foreclosures |
| 2008-03-14 23:16:00 |
The city's Department of Neighborhood Development will refer homeowners threatened with foreclosure and tenants facing eviction to attorneys with the Boston Real Estate Bar Association. The attorneys, who have agreed to work pro bono to help city residents whose incomes are 80 percent of the median income or lower, will help them sue lenders, refinance their loans, file bankruptcy, or take other legal action.The offer of free legal help comes after Menino convened a team of city departments to assess the impact of foreclosed properties on Boston neighborhoods. The Foreclosure Intervention Team is buying up some abandoned properties and working to clean up neighborhoods blighted by foreclosures.
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| Who would pay $12,500 a month to rent a two-bedroom in Boston ? |
| 2008-03-10 17:14:00 |
"There are a number of people who can afford what this is and understand what we're delivering," said the building's developer, Stephen Weiner.Indeed, this is not just any apartment. It is one of 25 rental units that will be available in July at the city's poshest new address, the Residences at Mandarin Oriental, Boston.While the rest of the real estate market remains mired in a slump, the Mandarin provides another reminder of how the rich are different: Already a long list of possible renters are queuing up to pay sky-high rents for the type of services offered by the city's latest high-water mark in luxury, services delivered by the operator of one of the world's most luxurious hotel chains, Mandarin Oriental Hotel Group.
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| Penmark South End Condo Update |
| 2008-03-04 17:18:00 |
We received a request to provide an update on the Penmark South End condo development in Boston’s South End. Located on Father Gilday Street, parallel and south of Washington Street, the Penmark is a 60-unit well appointed development that has been laboring to close out the final developer units from the 2005 redevelopment of the building. We blogged about what were the 11 units for sale back in mid November (see Penmark South End Condo Prices), and now there are 7 remaining units on the Boston MLS.Various floor plans are still available in the $566 to $740 per square foot (+/-) range. Available units are listed from $565,000 to $1,055,000, and do include garage parking.
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| Europeans Buy Boston MA USA Real Estate |
| 2008-03-01 02:52:00 |
We have been working with more and more Europeans over the past six months, all of whom are interested in purchasing downtown Boston Estate">real estate, not because the core of downtown Boston is in a real estate crisis (more to come on this soon), but because their "dollar" (i.e. Euro) is going a lot farther than it ever has in the past.We talk with a growing number of Europeans each week who are interested in buying Boston investment property, or a Boston vacation home in one of America's most historic cities. Europeans recognize that downtown Boston real estate will always hold its value, and the best time to "get in" is when their currency allows them to do so at a discount.
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| Boston Has High Hopes Now That the Dig Is Done |
| 2008-02-25 01:57:00 |
But with the $15 billion construction project known as the Big Dig officially over as of last month, the promised transformation of downtown Boston — not just its traffic patterns but also its look, its feel, its very essence — finally seems within reach.Expectations are high, and for good reason. The Big Dig drained not only public coffers but also the psyche of Boston as it replaced the traffic-choked highway with sleek tunnels over nearly two decades. The construction forced hellish traffic jams and proved faulty, with the new tunnels springing hundreds of leaks and worse. Four workers died during the construction, and in 2006, concrete ceiling panels in one tunnel collapsed and killed a woman in a car.
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| Boston industrial facility on the block for $19M |
| 2008-02-22 14:46:00 |
The 103,171 square foot cold storage facility is located at 1 Commercial St. in Sharon, an affluent Boston suburb. Situated on 9.97 acres, it is fully occupied by Preferred Freezer, the fifth largest Public Refrigerated Warehouse company in the country. The building is being offered for $185 per square foot or $24 per cubic foot.Regenstreif is a retail associate at Marcus & Millichap and specializes in the brokerage of single-tenant properties. In October 2007, he finalized the $66.5 million sale of the Mervyn's office building in the Oakland suburb of Hayward, Calif.
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| Wary tenants drive office rents down |
| 2008-02-17 16:15:00 |
“Clearly, the demand has slowed, but there’s still demand for space out there,†said David Begelfer, president of the National Association of Industrial and Office Properties of Massachusetts.But until recently, the market for Class A office space was sizzling in Boston, with some rent requests spilling over the $90 per-square-foot mark.Now, rents have come back to earth, stabilizing in the past month in the $70-$85 range, as economic news has grown more grim nationwide and as some larger companies worry where the economy is going.
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| A working class crisis |
| 2008-02-14 17:53:00 |
Of the 25 cities with the highest concentrations of "creative class" workers, only one also ranks among the Top 25 in foreclosure rate. Richard Florida included very small cities on his list; RealtyTrac only looks at the 100 largest cities. So this is a modified list of his highest-ranked large cities (and in parenthesis, their rank on the RealtyTrac list):1. Washington (41)2. Raleigh-Durham (53)3. Boston (69)
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| Trains and the future shape of our communities |
| 2008-02-12 03:00:00 |
What will the world look like, after the return to rails? Autos and airliners distribute population, writes Stilgoe; railroads concentrate it."Assume the train as a given, and suddenly many small satellite cities, often with very low real-estate values, become attractive to real-estate investors." Old roadbeds will be upgraded, rights of way previously converted to nature trails will be reclaimed and converted to high-speed passenger service.
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| New focus for Melcher Street project |
| 2008-02-09 09:33:00 |
Earlier, Archon/Goldman, which includes Archon Group LP and Goldman Properties Inc., sold what had been planned as its first major neighborhood improvement - a pair of Summer Street buildings slated to be luxury condos. Those former warehouses at 316-322 Summer St. will now be renovated for office use."The street-level retail is a key component to this project and a continuation of what's going on in all of the Boston Wharf area," John M. Matteson, regional director of Archon Group LP, said of the Melcher Street plans.
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| Boston real estate nirvana |
| 2008-02-05 17:55:00 |
Lincoln saw home sale prices increase by more than 10 percent, hitting an average of $1,096,000. Weston prices edged up slightly over $1.2 million, while total sales increased by more than 40 percent, totaling 196. Brookline prices rose roughly 5 percent to $1,050,000. Sudbury, Wayland, Andover and Newton also saw modest price increases, and, in some cases, the sales volume rose as well.
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| BU students report real estate agents' illegal entry |
| 2008-02-02 17:38:00 |
Boston University College of Communication junior Lucia Jazayeri said a Estate">real estate agent once tried to show her apartment after 9 p.m., let himself in without knocking, but then realized he was in the wrong apartment.Jazayeri said real estate agents have come unannounced to her apartment on two other occasions and only one agent has emailed her beforehand.
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| Boston Properties Announces Fourth Quarter 2007 Results |
| 2008-01-31 05:24:00 |
Funds from Operations (FFO) for the quarter ended December 31, 2007 were $147.5 million, or $1.24 per share basic and $1.22 per share diluted. This compares to FFO for the quarter ended December 31, 2006 of $141.9 million, or $1.21 per share basic and $1.18 per share diluted. The weighted average number of basic and diluted shares outstanding totaled 119,248,503 and 122,338,037, respectively, for the quarter ended December 31, 2007 and 116,895,438 and 121,456,257, respectively, for the quarter ended December 31, 2006.
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| Towns to see CPA dollars dwindling |
| 2008-01-28 01:12:00 |
Last year, 113 Massachusetts communities - including, in this area, Acton, Ayer, Bedford, Carlisle, Chelmsford, Concord, Dracut, Dunstable, Groton, Harvard, Lexington, North Andover, Tewksbury, Tyngsborough, and Westford - received a 100 percent match from the state.This year, 127 communities will be eligible for a state match. Northwest of Boston, Littleton voters approved the program last spring, and Andover residents will consider the measure this year. Belmont has formed a committee to study the idea.
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| Brokerage in Boston Shakes Up the Traditional Role of Real Estate Brokerage Firms |
| 2008-01-22 19:26:00 |
When you are looking to purchase Estate">real estate in Boston, one of the first decisions you must make is which real estate firm to work with. Your choices include a plethora of generalist real estate firms, but you might instead consider working with an exclusive buyers’ brokerage in the Boston marketplace.There are several advantages to working with an exclusive buyers’ brokerage. Because they do not carry their own sales listings, exclusive buyers’ brokerage firms are unbiased when it comes to matching your needs to listed properties.
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| Purchasing a Boston Condo? |
| 2008-01-19 00:45:00 |
If you are considering purchasing a Boston condo, seek out a real estate firm that specializes in exactly what you need. As a Boston condo buyer, you may want to look for a real estate firm that is an exclusive buyers’ broker and one that focuses on or even works exclusively with Boston’s condo market.By working with a buyers’ brokerage rather than a generalist real estate agent as you search for a Boston condo, you will receive unbiased suggestions.
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| Boston Real Estate Report By SharpBuyers.com |
| 2008-01-14 18:11:00 |
As we enter into the slowest time of the year for Estate">real estate sales it is important to keep a closer eye on the market. This is why SharpBuyers.com is providing this vital report that gives consumers an in-depth look at the boston real estate market. There are several different ways this information can be utilized. For buyers, declining home prices may be an indication to wait until the market bottoms out before purchasing. The flip side of that philosophy is that the only way to know when the market has hit rock bottom is when it starts to come back up. Hence, you run the risk of missing out on great deals by trying to perfectly time the market.
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| Hub Fed chief: Housing prices might plunge |
| 2008-01-09 18:24:00 |
The residential real estate market is going through its worst investment period in 50 years - and it could get even rougher if the U.S. economy slows significantly in the coming year, Boston Federal Reserve president Eric Rosengren warned yesterday.Rosengren, who last month was the lone Fed member to push for more aggressive interest-rate cuts to help the ailing economy, said the housing market was the clear “laggard” of the economy over the past year.
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| Boston Properties to Release Fourth Quarter 2007 Financial Results |
| 2008-01-03 03:00:00 |
Boston Properties is a fully integrated, self-administered and self- managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a property portfolio primarily comprised of Class A office space and one hotel. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets - Boston, Midtown Manhattan, Washington, D.C., San Francisco, and Princeton, N.J.Visit the Company's web site at http://www.bostonproperties.com.
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| Homes Under $190,000 |
| 2007-12-30 06:59:00 |
PROS Most homes on the market for under $200,000 are described as handyman specials or fixer-uppers. In this tiny cottage, much of the fixing up has already been done. All rooms have a fresh coat of pale yellow paint, and the hardwood floor is refinished. Tucked at the end of a driveway, the cottage is flanked by side yards. CONS It's very small, the only kitchen appliance is a stove, several doorknobs are missing or wobbly, and the place could use an airing out. Contact Patrick Lydon, Lydon Real Estate, Fitchburg, 617-293-3886.$184,000
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| Berkshires, housing-starved artists may find aid in pursuit of space |
| 2007-12-25 14:19:00 |
But younger artists in their 30s are finding fewer such bargains. Although real estate is still less expensive than in Boston, prices in the region have been rising at a more rapid pace. Between 2000 and 2006, the average price of a single-family home in Berkshire County increased 85 percent (from $164,000 to $304,000), compared to a 54 percent increase (from $404,000 to $624,000) in Boston during the same time period, according to data Benjamin culled from the Massachusetts Association of Realtors.
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| Home sales down 15.4% in November |
| 2007-12-20 02:09:00 |
Home sales in Massachusetts dropped in November at a double-digit rate for the third straight month, yet house prices fell only modestly in neighborhoods that have so far escaped the subprime mortgage crisis.Sales of single-family houses plunged 15.4 percent last month compared with November of last year, Warren Group, a Boston real estate and publishing firm, reported yesterday. The sales total of 3,538 single-family homes last month was the lowest for November since the recession of 1991. Condo sales plunged 23.2 percent in November.
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| Revised exit strategy |
| 2007-12-13 03:28:00 |
Knowing when and how to leave are two of life's great, underrated skills.They have also happened to be two of Dick Syron's professional strengths. He accomplished important goals and then left on top at a series of big jobs, running the Federal Reserve Bank of Boston, the American Stock Exchange, and Thermo Electron Corp. (now called Thermo Fisher Scientific Inc.) in Waltham. That didn't happen by accident.
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| Mass. Foreclosure Deeds Triple in First 10 Months of Year |
| 2007-12-03 19:58:00 |
The number of foreclosure deeds in Massachusetts so far this year has nearly tripled when compared to the same time period last year, according to the latest figures from The Warren Group, publisher of Banker & Tradesman.Meanwhile, more petitions to foreclose were filed in Massachusetts during the first three quarters of 2007 than during all of 2006, The Warren Group said today.Through October of this year, there were 6,324 foreclosure deeds in Massachusetts, compared to 2,112 at the end of October 2006. There were just 2,634 foreclosure deeds in the state for all of 2006.
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| Home prices fall below $300,000 mark |
| 2007-11-28 01:08:00 |
Hopes that 2008 will bring a rebound in the Bay State’s battered real estate market are fading, with new numbers showing another big drop in home sales and prices.Massachusetts single-family home sales plunged last month by 17.1 percent, the Warren Group reported.And median home prices also fell beneath the $300,000 mark for the first time since March 2004. The state’s median home price in October was $290,000, a 6.5 percent decrease.
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| $1B complex planned for Greenway site |
| 2007-11-21 03:52:00 |
International Place builder Don Chiofaro plans to construct a $1 billion office, hotel and residential complex along the new Greenway.Chiofaro, who emerged victorious yesterday after a bidding war for the hulking Harbor Garage next door to the New England Aquarium, said he is now turning his attention to plans for developing the site.Several firms competed for the seven-story, 1,380-car garage, valued at over $130 million.
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