First, a study of the existing Inclusionary Development Program requirements and market conditions will consider how Boston can achieve or exceed 20 percent affordability in new construction, up from the current level of 13 percent. The Mayor is also considering taking executive action alongside the study to reduce the number of units that trigger affordability […]
“KKR and Boston-based Synergy Investments are taking over Two Drydock, the Skanska-built 13-story, 235K SF office building in the Seaport. The transaction is among the largest 2021 office deals in Boston and marks KKR’s second nine-figure acquisition in the Seaport this year.”
As Massachusetts’ top two executives for the last seven years, the duo notched several wins for working families, most notably January’s important Housing Choice zoning reform, which is paving the way for more housing production every day. They helped lead a best-in-the-nation response to the pandemic eviction crisis, from supporting an eviction freeze last year […]
“In the Northeast region, multifamily deals amounted to more than $3 billion, nearly on par with the $2.9 billion recorded between January and May 2020. The transactions included more than 14,300 units, and assets in major multifamily metros such as Manhattan and Boston traded for the largest amounts. These are the leading markets in the […]
Wu was sworn in Tuesday during a ceremony inside Boston City Hall’s City Council chamber attended by local, state and federal officials. She hits the ground running after an unusually quick two-week transition from her election victory, a timeline kicked off by former Mayor Martin Walsh’s departure to Washington, D.C., in March. Wu campaigned on […]
“Boston has put forth plans for multifamily housing atop redeveloped public library branches. Meanwhile, 20 miles west in Wayland, a 218-unit multifamily complex is under construction almost a decade after city officials decided to permit, plan and rezone an undeveloped parcel for affordable housing in a first-of-its-kind process for the town.”
The Massachusetts Department of Housing and Community Development has denied MassLandlords’ request to see where rental assistance was spent, or where applications were denied…
“Investors, they’re counting on a big profit, or they’re overleveraged and they need the profit,” said Meredith Levy, director of the Boston Neighborhood Community Land Trust. “We’re seeing the rents are just climbing, and people are getting displaced. It totally destabilizes the neighborhoods.”
Developers, including some of the industry’s biggest players, have started buying underperforming, underutilized office and flex buildings to demolish them to make way for new warehouses. The demolitions aren’t cost-prohibitive, experts said, as rising rents make the undertaking worth it for developers in the land-starved market…
“While I’ve invested $50M in rental relief, that is the proactive stance,” Janey said Wednesday at a press conference in Allston. “We certainly hope we can help landlords and tenants resolve any issues before it gets to the point of an eviction. But with the courts not upholding the federal moratorium on evictions, it was […]
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