By Catherine Carlock – Real Estate Editor, Boston Business Journal | Jan 31, 2020 An affiliate Boston-based The Davis Cos. has acquired 77-81 Park Drive, a 55-unit apartment complex in Boston’s Fenway neighborhood, for a combined $28.5 million, or $518,000 per unit. The two-building complex includes 23 parking spaces. It’s immediately adjacent to the Back Bay Fens across […]
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Viewing posts from: Multi-Family
10Jun
Transit During The Era Of Social Distancing: How The Pandemic Has Impacted Transit & What That Means For Boston
Capital MarketsLeave a commentThe use of transit and commuting has come to a halt since the start of the pandemic. Now, people are wondering what continued social distancing measures will mean for the future of subways and busses. How might the office community be impacted with limited commuter options moving forward? How will a lack of accessibility to […]
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How should I approach value today? Property valuations of non-hospitality related asset classes are down approximately 5% – 10% with many investors requiring a ‘credit’ guarantee on all rents for new acquisitions. We are also starting to see a systemic shift in underwriting, with a drastically more conservative outlook on vacancy, future rent projections, and […]
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