- May 3, 2013
- BRA Tabbed to Market, Net leased NH Staples, featured in the Real Reporter
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- May 3, 2013
- BRA Tabbed to Market, featured in the Real Reporter
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- May 1, 2013
- Sanford Buys Prime 27,000-SF Retail Site; BRA Brokers Deal Funded by Belmont Savings, featured in the Real Reporter
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- April 26, 2013
- Gateway to LMA Up for Sale With Parcel 135 Listed Via Boston Realty, featured in the Real Reporter
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Jason S. Weissman
Archive for the 'Multifamily Real Estate' category
100 people attended Tuesday evening's Urban Apartment 2.0 panel presented by NAIOP Developing Leaders. Our own Chris Sower served as the moderator for the discussion that covered the current multifamily market and what is in store for the future.
Panelists included: Kevin Ahearn, President, Otis & Ahearn, Inc; Scott Dale, Vice President, Avalon Bay Communities, Inc.; and Patrick McMahon, Vice President Development, Northeast Region, Simpson Housing.
Exciting things are happening in Boston's multifamily market: over the next 24-48 months, an additional 4,500 apartment units are predicted, including Avalon Exeter and Atlantic Wharf. With demographics are trending toward the Gen Ys and empty nesters, smaller units are the norm to fit within a price point. Development amenities are incuding better space solutions, basketball courts, and outdoor space.
If you would like specifics about the apartment development climate, please email Chris Sower.
Bed bugs are back, and may even be living in Luxury Buildings in Boston!
- Receive a thorough inspection by a qualified exterminator, who will confirm the identity of the pest.
- Seal cracks & crevices in walls and floors.
- Secure loose wallpaper and eliminate other areas of insect harborage.
- Properly treat or remove infested furniture.
- Mark infested items that are thrown away so others will know not to bring them into their home and spread the infestation further.
- Frequent laundering of bedding and clothing during extermination process.
- Frequent vacuuming of carpets and steam cleaning of furniture and mattresses during extermination process.
- Never pick up free roadside furniture (it may be tempting, but it isn’t worth the risk).
- When traveling, make sure to keep your clothing in your luggage and your luggage in the bathtub (this may sound strange, but bugs have a hard time crawling up slippery surfaces).
- Bed bugs like warmth, they have even been known to enter laptops and DSL ports.
- When looking for bed bugs pay more attention to wood and upholstered furniture. Bed bugs seem to prefer wood and fabric over plastic and metal. Pull back the sheets from the mattress and look for bugs along the seams or tiny blood spots on the mattress. Also look along the edges of the box springs and in the seams of the bedding. You might also smell a strong musty smell.
- Many pest control services employ the trained nose of a rescue dog (often a beagle) to sniff out live bugs and viable eggs. Make sure that you check out the dog’s credentials, however. There have been a few instances of people trying to pass off the family pet as a super-smeller.
- Bed bugs are not known to transmit any infectious disease. The bites look very similar to that of a mosquito or other blood-sucking insect. Some bites may be unnoticeable while others might turn into larger sores.
- To treat a bed bug bite, treat the area with antiseptic soap to reduce the infection. Don’t scratch! If it becomes infected, contact your health provider.
READY FOR SOME GREAT ADVICE?
The Boston Lofts team of Manuel Davis & Paul Santucci is proud to host a home buying seminar on the evening of Wednesday, September 15th at our new offices at 745 Boylston Street, Boston at 6:00 PM.
As a first-time homebuyer, renter, investor or if you are just thinking about your possibilities in the future, we are here to help!
Topics of discussion will range from:
- Renting vs buying
- The buying process
- Home inspections
- Current market conditions
- Mortgage options / financial strategies
Included in this forum will be a team of inspectors from Mt Vernon Inspectional Services, Wells Fargo mortgage consultants and attorneys to answer your specific inquiries with expert advice.
We will also open it up to you for anything you wish to discuss!
You can also contact us beforehand with any topics you'd like us to cover.
Our goal is to provide you with information to make the best purchasing decisions possible.
Food and Drinks will be served. We will begin at 6:00 PM
RSVP to Paul Santucci 617-694-0004 or email@example.com
More information about Paul & Manuel
We look forward to seeing you on the 15th!
Why do they call these the dog days of summer I wonder? Could it have anything to do with consuming hot dogs perhaps?
I read somewhere or maybe heard it on a radio talk show Howie Carr or NPR or somewhere that in 2009, consumers spent more than $1.6 billion that's BILLION with a B on hot dogs and sausages in U.S. supermarkets. Gosh if you think about it that's alot of dogs! Or could it be they call it dog days of summer simply because someone once noticed a correlation between a hot day and their lazy dog just laying around in the shade doing nothing. Just resting. Could it be that simple I wonder? Interesting.
Well it seems we sure are experiencing some pretty serious dog days so far this month! 100-105 degrees oh my! And I'll tell you it affects me. Not just the way the heat makes me feel slow but it affects work. While I can lay in the shade and rest any time I want in the type of work I do...that would be real estate sales.... unfortunately I can't do it for long. As a REALTOR I'm pretty much self employed and often host open houses on Sunday's to meet prospective buyers (a small part of the marketing I do to reach out to prospective clients). In the Real Estate world Sundays it seems is the traditional day to host open houses. It sounds logical because most work from Monday to Friday however is it really practical? Does it make sense to host open houses on a weekend in the summer time? The dog days of summer time.
Hosting open houses hasn't been so much fun these past few weeks. I assume if you're a sales agent or know one (and most of us know someone who is one) you know what I mean. I really don't mind giving up a hot day at the beach or laying by my brother's pool to stand instead in a beautiful air conditioned home for a few hours. Especially these days it's more important to me that I build my business and a future retirement. God knows I've done enough bathing, lounging and BBQing to last a life time. As I said it's not so bad hosting an open house during these hot dog days. So I do it for myself and for others I work with at my company. I stand there in the comfort of an air conditioned unit with iced coffee in one hand and listing sheet in the other. Then someone enters!!! And I've got to say how exciting it is when that sweaty, drained and tired home seeker happens to finally come through my door! Can you imagine how excited I am?.!?# I smile at them and offer a hand shake. Some catch their breath while kindly shewing me away with a grin not interested in talking with me and others engage in a little kabitzing then off they go. These days it seems there are fewer and fewer visitors. Maybe I should consider offering lemonade or something thirst quenching...hmmm...
Seems many a Sunday has passed with only a few to none pay me a visit at my air conditioned listing. Other than offering an iced beverage we're doing all the right things. Advertising. Marketing. Could they all be enjoying themselves at the beach on these dog days of summer? Or perhaps basking in the shade under a tree drinking their ice tea? Yeah I'll bet they are hanging out being handed a beer and a grilled dog somewhere fun.
Well we all work hard and deserve to enjoy dog days off especially on the weekend when all of our freinds are doing the same thing. Enjoying themselves that is.. And who really wants to walk around 105 degree Boston touring open houses sweating bullets all over the place when they could be sprawled out with their face planted in a blanket on Carson Beach in Southie or sailing the Boston Harbor with friends or throwing a fishing line out to hook one of the many thousands of yummy striped bass swimming our waters right now!!
But isn't touring open houses important to some of you who recognize property values and interest rates are at the lowest they have ever been in a LONG time? Touring open houses gives buyers AND sellers a better perspective of what a certain square footage can buy them in a particular neighborhood of interest. It's an opportunity to investigate, talk to the agent and learn details they wouldn't if they just read about the unit.
So how about attending an open house on a weekday? Perhaps after work when the sun is going down and it's more convenient for you? Attending an open house on a week night for example promises not to interrupt your dog day summer afternoons especially the weekends! And if you happen to spot a home that isn't open on a week night BUT wish to see it you can always call a qualified experienced AND helpful person like myself to set up a showing for you! Happy Dog Days of Summer!
Boston Realty Advisors www.bradvisors.com
Because of Fannie and Freddie's support , stabilized multifamily product has been the darling of the commercial real estate business. Cap rates for stabilized multifamily product has increased only by 100-150 basis points (10%-15% is a modest decline in value relative to theaverage commercial asset, which has declined 40-45% from its peak value). Even through the financial crisis, “agency debt” has been available to fund loans with up to 80% loan to value. Yes, there will be defaults in the multifamily space, but, all-in-all, Fannie/Freddie has relatively low exposure to losses and defaults with its loans in the multifamily sector. According to the National Multi Housing Council, as of 2009, Fannie Mae multifamily default rates (noncurrent) are less than .33% and Freddie Mac'sare .09%! Please keep in mind that the agencies make-up over 90% of the debt originated on multifamily real estate in the US. With this, most of the distress comes from the 10% of loans made that are not “agency debt.” Yes, Stuyvesant Town and Riverton Houses are very public “foreclosures” but these were atypical multifamily acquisitions.