Tagged: Boston Massachusetts

Two more years until inventory bounces back, experts say: Massachsuetts Homebuyers Homeownership  Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than one hundred market experts and economists weighed in to predict upcoming home supply trends as well as how that might affect future home values. From a monthly average of 1.6 million units in 2019, inventory fell to roughly one million in 2021 with 2022 numbers sinking even lower.  But the vast majority Zillow respondents, seventy nine percent in all, expect a return to normalcy […]

One Boston Place Lands Two Floor, Long Term Lease with Wilson Sonsini Goodrich Rosati: Massachusetts Homebuyers Homeownership  Boston, MA – Representing one of the largest law firm relocations in the City of Boston since the beginning of the pandemic, Cushman & Wakefield, Washington Realty Group and Newmark announced today that One Boston Place secured Wilson Sonsini Goodrich & Rosati on a long term, forty thousand nine hundred and seventy five square foot lease for their new Boston offices. The law firm will be relocating from 28 State Street and will occupy the entire nineteenth and twentieth floors of the iconic […]

Outshine Properties and Jadian Capital Acquire $32 Million Office Building for Life Science Conversion: Massachusetts Homebuyers Homeownership  Westwood, MA – Outshine Properties and Jadian Capital today announced the acquisition of 690 Canton Street in Westwood, MA, an office building with life science conversion potential that will deliver one hundred and forty thousand square feet of prebuilt lab space in Q2 2023. The four story building, with more than one hundred and sixty four thousand square feet of space, is currently seventy three percent leased to seven tenants. The building features reusable in place infrastructure for laboratory tenants with thirteen foot, […]

Colliers Capital Markets arranges $128.7 million construction loan for 465 unit multi-housing development in Quincy, MA: Massachusetts Homebuyers Homeownership  Quincy, MA – Colliers Capital Markets announced that it has arranged $128.7 million in construction financing for Ashlar Park, a four hundred sixty five unit, Class A, transit oriented multifamily community currently under construction at the site of the former Quincy Medical Center in Quincy, Massachusetts. Colliers worked exclusively on behalf of FoxRock Properties, a South Shore-based single-family office and a fast growing commercial real estate firm in the Greater Boston area.   To secure a senior construction loan through Citizens Bank, […]

R. W. Holmes Renews 15,030 SF Lease for Revolution Composites in Norwood: Massachusetts Homebuyers Homeownership  WAYLAND, MA— R.W. Holmes, one of the largest commercial brokerage firms serving tenants and landlords across Massachusetts for more than forty five, announced that it recently negotiated a fifteen thousand and thirty square foot lease renewal for Revolution Composites at 340 Vanderbilt Avenue in Norwood, MA. Robert Strelke, Vice President at R.W. Holmes, represented both the tenant and landlord, Jim Shane. Built in 1987, 340 Vanderbilt Avenue is a sixty six thousand five hundred and five square foot industrial/flex building strategically located near Route 1 […]

Forbes Global Properties expands into Massachusetts: Massachusetts Homebuyers Homeownership Forbes Global Properties has expanded to Massachusetts, bringing Bassick Real Estate Advisors into its international luxury property network. Founded by luxury real estate expert Catherine Bassick and finance and transaction veteran Michael Bassick, Bassick Real Estate Advisors is credited with selling the first single family home for over one hundred million dollaes in U.S. history.  Bassick combines in depth market expertise with unparalleled connectivity and sophisticated negotiation strategies for the acquisition and sale of global real estate, according to a company announcement. Its team specializes in luxury properties throughout Greater Boston, […]

Boston Ma, area home prices climb 10.9 percent in 12 months: Massachusetts Homebuyers Homeownership  Home prices in the Boston area increased 10.9 percent from February 2021 to the same month this year, according to the latest CoreLogic Home Price Insights report. CoreLogic predicts price increases to slow significantly by next spring in most metro areas. It projects Boston Ma, area home prices to rise 3.9 percent by February 2023. CoreLogic HPI reviews data from four hundred U.S. markets to show price changes year over year and month to month, and it also makes projections about where pricing is headed for […]

Homebuyer’s Guide to the Appraisal Gap: Massachusetts Homebuyers Homeowership  If you’re thinking of buying a home in today’s market, you need to be prepared for the possibility of an appraisal gap. So what is an appraisal gap? An appraisal gap is when a home’s appraised value is lower than the purchase price the buyer has offered to pay. Appraisal gaps are becoming increasingly common in competitive markets like what buyers are facing today and they can seriously complicate matters if you aren’t prepared.  “Today’s gaps are the result of market conditions,” explains Will Hedrick, the CEO of Speek Real Estate […]

Real estate market has changed, the fundamentals of a successful business have not: Massachusetts Homebuyers Homeownership  There has been a lot of change that we all have experienced in the last few years. While change is a constant, the depth and breadth of the change has been historic. With all the change and challenge, foundational truths still apply in the real estate business. Sales is an odds-based business. I realize that many agents don’t view themselves as a salesperson. If you want to replace service or professional representation service for the word sales, OK. There are odds in any business. […]

Service Properties Trust Appoints Todd Hargreaves as President and Chief Investment Officer: Massachusetts Homebuyers Homeownership  NEWTON, MA– Service Properties Trust (Nasdaq: SVC) announced that Todd Hargreaves has been appointed as its President and Chief Investment Officer, effective April 1, 2022. Mr. Hargreaves has served as Vice President of SVC since 2019 and as Vice President and Chief Investment Officer of SVC since 2020. Mr. Hargreaves is also Senior Vice President of The RMR Group (Nasdaq: RMR), responsible for all real estate and real estate related acquisitions at RMR.  Prior to joining RMR in 2010, Mr. Hargreaves worked at AIG Investments, […]