Boston, MA

Real Estate Roundup: June 1st, 2016

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Good morning, and happy Wednesday! Here?s a summary of recent transactions and personnel news within Greater Boston?s real estate community.

HFF?has arranged $51 million in recapitalization financing for?1030 Massachusetts Ave., a recently renovated 77,805-square-foot Class A laboratory/biotechnology building near Harvard Square in Cambridge. The borrower was an affiliate of Longfellow Real Estate Partners. HFF placed the five-year fixed-rate loan with...

Middlesex County Has Fourth Highest Purchasing Power in MA

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According to a recent study by SmartAsset, Middlesex County has the fourth strongest purchasing power in Massachusetts. The study examined the cost of living expenses balanced with average income.

 

Fidelity's CEO is the Wealthiest Individual in Massachusetts

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The new Forbes ranking of the wealthiest individuals declared Abigail Johnson, CEO of Fidelity Investments, as the wealthiest individual in Massachusetts with a net worth of $14.7 billion. 

GE CEO Jeff Immelt's New Boston Home

One of the greatest real estate speculations this season has been the question of where Jeff Immelt, the CEO of General Electric, will move when the organization moves to Boston this late spring.

Well, according to public records, Immelt and his S.O., Andrea, are under contract to buy a 3,565 sq. ft. triplex home at 36 Commonwealth Ave., a 4 room property found a short distance from the Boston Public Garden. 

Colonial Residence in Cambridge for sale at $11.5 M

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47 Raymond Street in Cambridge, a beautiful 7,258 sq. ft. residence has just been made available for sale in the market for an asking price of $11,500,000.

The interior consists of 15 rooms and 5 bedrooms with state-of-the-art amenities. The house has an elegant finish to it with state-of-the-art heating, cooling and media technologies installed throughout the home. The 4,000 bottle wine cellar, heated driveway and reflecting pool complete the house.

Governor Charlie Baker Increases Spending for Affordable Housing

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Governor Charlie Baker is proposing an 8% increase on state spending for affordable housing for next year, and an 18% increment throughout the following five years, to a sum of $1.1 billion.

Baker proposed utilizing a sizable part of the new supports in the state’s capital spending plan to protect a portion of the 3,300 affordable residential units that are set to end up being priced at the market rate in the near future. The arrangement would finance more projects for affordable housing, for low-income families and for development projects in the state.

Brookline Market Updates

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The Greater Boston Association of Realtors has released the local market updates for March 2016 and the real estate market in Brookline is looking healthy!

The supply of homes for sale in March was way up over February, indicating that more sellers are deciding to list their homes. And, while prices were also up over last year, the increases are seemingly harmless to sales.

Needham Market Update : May 2016

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The Greater Boston Association of Realtors has released the Needham market updates for March 2016 and judging from the increase in single-home listings and decrease in pricing, it is clear we have a buyer?s market.

The supply of homes for sale in March was significantly higher than February, indicating that more sellers are deciding to list their homes. Not surprising, since prices were way lower than last year, the sales have significantly increased.

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Boston Market Update: May 2016

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The Greater Boston Association of Realtors has released the local market updates for March 2016 and seeing how single-home and condominium sales increased despite an increase in pricing, it is safe to say its a sellers market.
The supply of homes for sale in March was significantly higher than February, indicating that more sellers are deciding to list their homes. However, while prices were way up over last year, the sales have not suffered.

 

Boston Market Update: May 2016

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The Greater Boston Association of Realtors has released the local market updates for March 2016 and seeing how single-home and condominium sales increased despite an increase in pricing, it is safe to say its a sellers market.
The supply of homes for sale in March was significantly higher than February, indicating that more sellers are deciding to list their homes. However, while prices were way up over last year, the sales have not suffered.

 

Newton Market Update: May 2016

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The Greater Boston Association of Realtors has released the local market updates for March 2016 and judging from the high number of inventory available in the Newton area, it’s a buyer’s market.

The supply of homes for sale in March was up over February, indicating that more sellers are deciding to list their homes. However, while prices were up over last year, the increases aren’t too lofty.

Boston Named 3rd Most-Walkable City in the U.S.

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With the summer approaching so quickly, Bostonians can finally come out of hibernation and enjoy Boston to the fullest. Part of that is taking advantage of the city's incredible walkability. 

According to Walk Score, Boston is the third most walkable city in the United States. With New York on the first place and San Fransisco on the second place.

Boston received a “Walk Score” of 80.1, which is a 1.2 point increase in the city's walkability score from last year. 

 

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