In July, Fannie Mae and Freddie Mac released updates to project eligibility standards for condominiums and housing cooperatives. A project refers to a condominium, housing cooperative, or any multi-family common interest ownership association with more than five attached units. Project standards are specific requirements outlined by Fannie Mae and Freddie Mac.
Boston, MA In recent years, the commercial real estate industry has experienced significant transformations driven by advancements in technology. These changes have revolutionized the way investors approach commercial real estate deals, ushering in a new era of opportunities.
The greater availability recently of brownfields and other grants has made the redevelopment of former mills and historical buildings more financially attractive. However, the presence of polychlorinated biphenyls (PCBs) in building materials, especially paints, can lead to significant future liability.
Waltham, MA J. Calnan & Associates, Inc. (JC&A) has completed a project for Biocytogen Pharmaceuticals. The grand opening of Biocytogen’s new 37,000 s/f facility, marks a notable achievement in advancing research and development in the global biomedical sector.
Rocky Hill, CT Vessel Technologies, Inc. won unanimous approval from the Rocky Hill Planning & Zoning Commission for its latest development, a two-building complex consisting of 96 attainably priced homes to be located on a long-vacant site at 125 Henkel Way.
Plymouth, MA Bozzuto, a diversified real estate company celebrated for its developments, construction, property management, and homebuilding, has begun preleasing at Rowen at The Pinehills, a thoughtfully designed residential neighborhood offering privacy, serenity, and outdoor recreation.
Cambridge, MA Nauset Construction has begun implementing significant building support measures and structural steel upgrades to the Crimson Galeria building in Harvard Sq. as the owners, Crimson Galeria LP, pivot from office uses to apartments for the planned three-story vertical addition. The owners originally permitted the building to construct office space on top of the Crimson Galeria, but during the COVID-19 pandemic decided
Cambridge, MA Capstone Communities LLC (Capstone) and Hope Real Estate Enterprises LLC (Hope Real Estate) joined the city, public officials, and the local community to celebrate the grand opening of Frost Terrace, a 100% affordable, transit-oriented community located at 1791 Massachusetts Ave., in the Porter Sq. neighborhood. At a time when the need for high-quality, affordable housing options in Greater Boston has never been higher, Frost Terrace
Braintree, MA The Peabody Companies, a group of award-winning property management and real estate firms, presented Mark Regan, director of facilities, with the Edward A. Fish Achievement Award during its 2023 annual business meeting held at Gillette Stadium.
Braintree, MA The board of directors of Caritas Communities has named Frank Connell as interim executive director of the independent, non-sectarian, nonprofit organization, which provides housing to about 900 men and women in the Greater Boston area.
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