Calling all news junkies – here’s your weekly fix of all of the top Boston real estate stories and some national stories mixed in for good measure. They are all easy access, just clicks away.
Ready. Set. READ!
Local Boston Real Estate News
Dueling developers settle Seaport suit
“Two real estate developers who butted heads over adjacent building sites near the South Boston convention center are now mending fences.”
The Arrival of Fall Sends Pests Into Homes
“The leaves will soon be turning, temperatures will be dropping and the smell of fall will be in the air. As people prepare for the weather ahead, so do a number of household pests, namely rodents, spiders, ants, stink bugs and cockroaches.”
“On Monday, Mayor Thomas M. Menino will join officials and students to celebrate the opening of the new $61 million Massachusetts College of Art and Design dorm in Boston.”
City Celebrates Vertex Groundbreaking at Fan Pier
“Mayor Menino and the BRA joined with Boston-based development firm, The Fallon Company, headed by President & CEO Joseph F. Fallon, today broke ground on Fan Pier’s second and third office buildings and the future home to the 1.1 million square foot global headquarters for Vertex Pharmaceuticals. This lease is the largest…”
Suffolk Construction lands $125M One Channel Center Project
“The $125 million project, developed by a joint venture of AREA Property Partners and Commonwealth Ventures, will feature construction of a 525,000-square-foot, 11-story core and shell office building and a 10-level, 950-car above-ground parking garage.”
Church Tower Lease Inked
“A $59 million lease deal will help the Christian Science Church carry out its plaza revitalization and building plans in the Back Bay during the next few years.”
National Real Estate News
“I refuse to ask middle class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire’s tax cut- Obama said in his acceptance speech.”
Realtors: US homes selling at faster pace
“The National Association of Realtors said today that the median time a previously occupied home was listed for sale shrank in July to 69 days. That’s down from 98 days in the same month last year.”
A Hollywood Legend’s Estate Goes on the Market
“Just off Mecox Bay on the beautiful shores of Hayground Cove sit four breathtaking waterfront acres. For decades the cozy home on this property belonged to actor Cliff Robertson, an Oscar winner for 1968’s Charly who portrayed everyone from President John F. Kennedy and Buzz Aldrin to Uncle Ben in 2002’s Spider-Man in his storied career.”
I’m trapped in a high rate mortgage!
“Record-low mortgage rates of 3% to 4% have been out of reach for these homeowners. Despite having good credit and making their payments on time, they’re stuck paying 6% or more on their loans.”
Average on 30-year US mortgage slips to 3.55 pct.
“Average U.S. rates on fixed mortgages changed little this week and remained slightly above record lows reached earlier this year. The low rates have aided a modest housing recovery.”