Boston Real Estate Investors Association

B’nai B’rith Gets $22 Million Tax-Exempt Bond to Build Mixed-Use Building in Boston’s Hyde Park Neighborhood, Featuring Affordable Senior Rental Housing

B’nai B’rith Secures $22 Million Tax-Exempt Bond for Development of Mixed-Use Building in Boston’s Hyde Park Area, Including Affordable Senior Rental Units

MassDevelopment has approved a $21,816,800 tax-exempt bond for CCC River LLC, a subsidiary of B’nai B’rith Housing of New England, Inc. The funds will be used to construct a mixed-use building in Boston’s Hyde Park neighborhood, which will include 63 units of affordable senior rental housing and ground-floor retail space. The new building will replace […]

B’nai B’rith Secures $22 Million Tax-Exempt Bond for Development of Mixed-Use Building in Boston’s Hyde Park Area, Including Affordable Senior Rental Units Read More »

Wishing you a joyful Memorial Day in 2024!

News / Boston REIA

Memorial Day, which falls on Monday, May 27th, is often seen as the unofficial start of summer for many Americans. However, it is important to remember the true meaning of this day. Memorial Day is a national day of remembrance for the military men and women who made the ultimate sacrifice in defense of freedom

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Breakthrough Properties Welcomes Three Biotech Companies to One Canal Development in Cambridge

Three biotech companies have been welcomed to the One Canal Development in Cambridge by Breakthrough Properties.

News / Boston REIA

Boston – Breakthrough Properties, a prominent global developer, owner, and operator of life sciences real estate, has announced that it has secured agreements with several mission-driven biotech companies to occupy One Canal by Breakthrough, its recently redeveloped four-story lab and office building in East Cambridge, Massachusetts. Prebuilt suites across two floors of the high-quality research

Three biotech companies have been welcomed to the One Canal Development in Cambridge by Breakthrough Properties. Read More »

Retreats, representation, conversations: Inman Top 5

Top 5 Inman events focus on retreats, representation, and conversations.

News / Boston REIA

Want to stay in the loop with the top stories of the week? Check out Inman Top 5 for a quick recap of the most buzz-worthy news according to Inman readers. #Retreats #representation #conversations #Inman #Top, https://www.inman.com/2024/05/25/profit-sharing-buyer-representation-client-conversation-inman-top-5/

Top 5 Inman events focus on retreats, representation, and conversations. Read More »

Supreme Court Rules Government Can’t Use Permit Process to Coerce Property Owners

News / Boston REIA

The Pacific Legal Foundation recently announced that the U.S. Supreme Court ruled unanimously that legislatures cannot use the permit process to coerce owners into paying exorbitant development fees. They say this ruling is a major victory for property rights, remove costly barriers to development, and help combat the housing crisis. The case began in 2016 when a

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The Corporate Transparency Act (CTA) is Here

News / Boston REIA

By Jeffrey S. Watson The Corporate Transparency Act (CTA) is here and now in full force and effect. In 2021, Congress passed this legislation that was signed into law by President Biden but did become official and enforceable until January 1, 2024. This is the most broad, overreaching, and invasive federal reporting statute in the history

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Yardi Says Steady Absorption is Boosting Multifamily Rents

Yardi Reports that Consistent Absorption is Driving Up Multifamily Rental Rates

News / Boston REIA

The latest Yardi Matrix Multifamily Report reveals that the average U.S. multifamily rent in April 2024 was $1,725. Yardi notes that multifamily rents have increased for the second consecutive month, attributing this trend to robust demand in the market. According to Yardi, although rent growth is moderate, there are several positive indicators in the data.

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Top American cities for singles

News / Boston REIA

Zumper has compiled a list of the best cities for singles based on factors such as median rent, percentage of single population, cost of living, median income, unemployment rate, and access to dining and entertainment. They have identified the top 10 states for singles, including Atlanta, GA; St. Louis, MO; Minneapolis, MN; Boston, MA; Madison,

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$2 Million Gift from Cummings to Help Regis Combat Nursing Shortage

Regis receives $2 million donation from Cummings to address nursing shortage

News / Boston REIA

WOBURN, MA– Cummings Foundation, the nonprofit arm of Cummings Properties, has pledged $2 million to Regis College. This donation will support the establishment of the Carol A. Donovan Endowed Dean of Nursing position and a future health care clinic in Woburn. Donovan, a 1959 Regis alumna, dedicated 31 years to teaching in the Woburn Public

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Housing’s Share of GDP Surpasses 16% for 1st Time Since 2022

Housing’s Contribution to GDP Exceeds 16% for the First Time Since 2022

News / Boston REIA

According to the NAHB’s Eye on Housing, the housing sector’s contribution to the economy reached 16.1% in the first quarter of 2024, exceeding 16% for the first time since 2022. This increase in housing’s share of GDP is attributed to residential fixed investment (RFI) and housing services. RFI includes home building, multifamily development, and remodeling,

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