Biopharmaceutical company Merrimack Pharmaceuticals Inc. renewed its lease of 31,747 square feet on the second floor and expanded into an additional 18,748 square feet on the fourth floor of Building 600 at 1 Kendall Square in Cambridge, MA. Buildings 600, 650 and 700 at 1 Kendall Square total 234,631 square feet on five floors. The [...]
One in four baby boom generation households (26%) expects to move from their current home in the future, with the majority looking for a single-level home that is more comfortable or convenient, according to a new survey prepared for AARP.Echoing past surveys, most boomers (79%) say they would like to stay in their current home [...]
Foreclosures.com paints a rosy picture of the housing market for next year. In its 2009 Outlook, the real estate property information company says foreclosures will decline next year as more buyers return to the market, pushing up prices and fueling a recovery. Foreclosures nationwide showed a slight drop from 84,534 to 84,291 in November from [...]
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, slipped 0.7 percent from the previous month and is 1.0 percent below the index recorded in October 2007, according to NAR’s latest monthly forecast. Pending sales showed mixed results in the four regions of the country. • In the South, the [...]
More than half of homeowners who had their mortgage loans modified in the first quarter of 2008 fell delinquent within six months, according to new data from the Office of the Comptroller of the Currency and the Office of Thrift Supervision. The study, which covers loan modifications by the 14 largest national banks and thrifts, [...]
The city of Boston is creating a $40 million pool to fund bridge loans for developers whose projects have been stalled by the credit crunch — including the tower at the former Filene’s site in Downtown Crossing, Mayor Thomas M. Menino said Tuesday morning. The $40 million is coming from the federal Department of Housing [...]
Selling real estate has two aspects, pricing and timing. If you need to sell quickly, you need to price you home very competatively. Unfortunately, far too many Boston sellers are ignoring this logic. I have seen far too many people wait until they receive a foreclosure notice before putting their home on the market or, [...]
Washington Village is a new, six-unit luxury condo development in the heart of Andrews Square offering spacious 2 bedroom, 2.5 bath homes at a fantastic value. All five available units feature hardwood floors throughout, granite counters and breakfast bars as well as stainless-steel appliances. Each master bath offers a spa-like Jacuzzi tub and decadent finishes. [...]
Boston Properties got the go-ahead on Thursday to build a 422,000-square-foot office building in front of the Prudential Center on Boylston Street. After a 17-month permitting process and heavy public opposition, Boston Properties will construct a tower standing 242 feet high. Residents and community activists lined up on Thursday in one last-ditch effort to thwart [...]
In addition to approving a 17-story office tower in Boston’s Back Bay neighborhood, the Boston Redevelopment Authority approved four real estate developments totaling $393 million in private investment. Following public hearings Thursday, the BRA approved the $192 million officer tower at 888 Boylston St. and a new $129 million residential building at Exeter Street. Both [...]
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