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Mill Creek Residential Acquires Boston-Area Apartment Community

Mill Creek Residential Acquires Boston-Area Apartment Community

by Phil Hall | Nov 26, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Mill Creek Residential, an owner-operator and investment manager focused on rental housing, has acquired Modera Newton, a contemporary midrise apartment community located along the Charles River approximately nine miles west of Downtown Boston. The two-building...
Boston Museum Acquires Adjacent Apartment Building for $22.8 Million

Boston Museum Acquires Adjacent Apartment Building for $22.8 Million

by Phil Hall | Oct 18, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Boston’s Isabella Stewart Gardner Museum has paid $22.8 million to acquire a 62-unit apartment building, the only non-museum property on the block adjacent to museum’s new wing. According to an ARTnews report, the museum said its acquisition of the five-story building...
Boston-Area Shopping Center Sells for $86 Million

Boston-Area Shopping Center Sells for $86 Million

by Phil Hall | Jun 7, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

DLC, the Elmsford, New York-based owner/operator of open-air retail assets, has acquired the Colony Place shopping center in Plymouth, Massachusetts, for $86 million in an off-market transaction. Colony Place has more than 50 stores and is 94% leased. The shopping...
Boston’s Median Sales Price on Single-Family Homes at Record-Breaking $950K

Boston’s Median Sales Price on Single-Family Homes at Record-Breaking $950K

by Phil Hall | May 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The monthly median selling price for single-family homes in the Boston area reached a record high in April of $950,000, according to data from the Greater Boston Association of Realtors (GBAR). This represented a 16.2% year-over-year spike from the median of $817,250...

Proof Unveils AI-Powered Fraud Protection Tool

by Phil Hall | May 14, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Proof, the Boston-based online notarization provider formerly known as Notarize, has introduced Defend, an AI-powered fraud detection product. The company pointed out that $81 billion in losses occur in the U.S. each year because of falsified records, forged...
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