By Real Estate Alert | June 17, 2020 Another Boston apartment building has traded at a valuation agreed to before the coronavirus pandemic struck. Akelius Residential, a Swedish investment shop, paid $21.9 million this month for the 54-unit building at 49 Worthington Street. The $406,000/unit valuation translates to a capitalization rate of roughly 3.75%. Boutique […]
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Viewing posts from: Capital Markets
12Jun
Boston Realty Advisors Guides LMA Apartment Deals to $64M+ in Sales Amid Covid-19 Strife
Capital MarketsBy Joe Clements | The Real Reporter | June 12, 2020 BOSTON—With this city’s 213-acre Longwood Medical Area hosting a legion of top physicians and researchers, investors worldwide have been stirred by the chance to house those professionals in its surrounding neighborhoods, and that desire is being credited for three springtime apartment trades brokered by Boston […]
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06Jul
Boston’s new transit hub developments will lead the country by example
Boston Commercial Real EstateLeave a commentBoston is uniquely positioned for an immediate rebound and long-term growth. According to Experian data compiled by Site Selection Group in 2019, only 12.34% of the Boston workforce used public transit for their commute; compared to NYC at 31%, followed by San Francisco at 15.5%, and Washington, D.C. at 13.47%. In the now and as […]
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