Yes we know you are bored. Bundling up inside hiding from hurricanes isn’t all they make it out to be. Kill the boredom and take a look at this week’s Boston real estate roundup. Today is a perfect time to get caught up with some of Boston’s latest, most interesting real estate stories. Kick back, relax, and please people, stay inside! Unless you have wicked awesome rain boots and a branch shield.
Boston Real Estate News
Seaport hotel stands up for Improv Asylum outpost
“The owners of Improv Asylum and the booker at Nick’s Comedy Stop plan to open a new venue at the Westin Boston Waterfront Hotel next April that serves up comedy at night and corporate training by day.”
Greater Boston Office Market Posts Strongest Quarter In Five Years
“The Greater Boston office market has closed its strongest quarter since 2007, according to a new research publication from commercial real estate brokerage firm Richards Barry Joyce & Partners.”
Greening up in Newton
“This architect-designed newly built contemporary in south Newton is on the cutting edge of green home design, with energy efficient systems and super-insulation that brings the cost of winter heating of this 6,367-square-foot home down to an incredibly low $200 a month.”
Ross to return campaign donations from JP developers
“City Councilor Mike Ross will return $2,000 in donations from executives of the company that wants to build a $195-million luxury housing project on South Huntington Avenue.”
Nonprofit group wants builder to turn Southie church into arts center
“The Archdiocese of Boston sold the former parish property in a $2.4 million deal earlier this month with local condo developer Paul Adamson, who may demolish the former house of worship to make way for new housing on Dorchester Street.”
National Real Estate News
New-Home sales rise 5.7 Percent in September
“Sales of newly built, single-family homes rose 5.7 percent to a seasonally adjusted annual rate of 389,000 units in September, according to newly released figures from HUD and The U.S. Census Bureau.”
Home sweet home: Each president adds own touch to White House
“Leading a nation is tough work. When the president of the United States goes to his private residence at the end of the day, he undoubtedly yearns for the comforts of “home.” But what does that home look like?”
Study: New Mortgage Rules Could Shrink Lending by 20%
“Pending mortgage regulations could lock today’s tight lending standards in place and result in nearly 20% fewer mortgages being issued in the coming years, restraining home sales and construction, according to a new study.”
Foreclosures fall in 62% of U.S. cities
“With 62% of the nation’s 212 largest markets seeing foreclosure activity shrink during the latest quarter, the ongoing decline is yet another sign that the housing market is starting to stabilize.”
A Man with a Million Acres
“Reclusive billionaire Brad Kelley is hardly ever photographed. He doesn’t use email. And he owns more land than the state of Rhode Island.”
