The Boston economy is emerging from the Covid-19 crisis stronger and more secure than at any point in recent history. The pandemic was a devastating surprise attack that affected all of us. It also delivered an unprecedented and valuable stress test to Boston’s commercial real estate asset class. Today, the results of that test — expressed in classic real estate fundamentals — show that the Boston region is arguably one of the nation’s top three markets for investors.
Wellesley, MA — TRAX Development and EMBARC hosted a groundbreaking celebration Wednesday, June 23rd, to launch TERRAZZA Wellesley, the town’s new bespoke residential project at 100 Linden Street, scheduled to open in Spring 2023. Wellesley townspeople were on hand to applaud this milestone for the town.
Advisors Living, a full-service residential brokerage and advisory firm, announced on Wednesday that it has engaged Merit McIntyre as the CEO of its growing brokerage business. McIntyre will work alongside Janice Dumont, CEO of New Development Sales & Marketing, as they collaborate and scale this premium business to serve residential brokerage and new home development sales and marketing throughout Massachusetts and beyond.
The vast majority of homes in Greater Boston are sold by real estate agents through a Multiple Listing Service called MLS PIN. The subscriber system ensures that most real estate agents know the property is on the market, and it’s where online brokerages and search engines such as Zillow and Redfin get their listing data (if the agents allow it).
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Kick back in the Zen garden after you've completed your latest masterpiece.
'This Spanish Mediterranean Colonial in Chestnut Hill set a record high sale price for Newton'
As seen on Boston.com
At the flip of a switch, COVID-19 created a paradigm shift in real estate investment. Pension fund darlings turned ice cold overnight. Risk profiles turned on their heads. The four, classic real estate investment strategies of Core, Core-Plus, Value-Add and Opportunistic are no longer definitive. COVID-19 also provided the collective built environment with a valuable stress test, revealing new risk variables.
A 14,000-square-foot estate, originally built in 1904 as a summer home for the Houghton family, is listed for sale for $10.95 million.
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