Housing in Boston, as in many major U.S. cities, has become increasingly expensive and has made it challenging for middle-class workers to afford to live near their jobs. The affordable housing crisis dominated the discussion at Bisnow’s Multifamily Annual Conference New England, held last week at the Westin Copley Place, where city leaders and developers proposed a series […]
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Viewing posts from: Capital Markets
03Oct
Boston Developers, Officials See More Supply As A Remedy For The Affordable Housing Crisis
Capital Markets
BOSTON—Extra traffic is expected this autumn near Boston’s Museum of Fine Arts, the catalyst being CRE prospectors touring 77 and 81 Park Dr., elegant apartment properties now available to investors for the first time in a half-century. Fifty five units in two buildings enjoying views of the MFA and Fenway’s famed public rose garden next […]
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29Aug
Boston Realty Advisors Sells Trophy Cambridge Apartment Asset to NY Firm for $11.5M
Capital MarketsCAMBRIDGE—After a fast-paced battle targeting 922 Massachusetts Ave., New York-based Columbia Partners has taken the prized 31-unit apartment building in teeming Central Square offered this spring through Boston Realty Advisors. The Emerson fetched $11.5 million and was financed with $7.5 million from Cambridge Trust Co. “We are excited with our acquisition of The Emerson and […]
Read MoreBoston-based Blue Flag Partners has acquired a collection of four guest houses in downtown Nantucket for $25.1 million, with plans to partner with Life House hotel group on the management and restoration of the historic boutique hotel properties. Brokers say the $25.1 million price is the island’s priciest sale so far this year. It’s more […]
Read More12Jul
Boston Realty Advisors secures $30.9m construction financing on behalf of sponsor, Jones Street Investment Partners
Capital MarketsNorth Attleborough, MA Boston Realty Advisors has secured a $30.9 million construction loan for the ground up redevelopment of 21 East St. – a class A apartment property consisting of 193 market rate apartment units and 11,500 s/f of retail. The redevelopment is replacing the dilapidated L.G. Balfour Building, located in downtown. The site is situated within […]
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