Once Again Real Estate Proved to be the Best Investment

valueAs we begin 2014, we can look forward to a total rebound from the Great recession.
According to Zillow, in 2005 real estate values peaked at $604 billion and then bottomed out of $502 billion in 2011. But by the end of 2013 values had climbed back to $568 billion.  So Look out 2014!

 

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I am Relocating: How are Real Estate Transactions handled in Boston?

Of course the first step is to have one of our experienced Boston Realtors help you find the property of your dreams. Once you find the property, then you make your legal offer and before you know it,your will be at closing. In Massachusetts, thus in Boston, the sale of all property is handled by real estate attorneys. Your Boston Luxe Realtor can refer you to an experienced firm.

closingAt closing the buyers and sellers, their attorneys and agents as well as the lender’s attorney are all present. At this time, the funds deposited are usually handled by the listing broker or the seller’s attorney and are held in an “escrow” account. Sometimes the buyer’s broker or buyer’s attorney may hold the deposit. These deposits are accounted for at closing and the buyers receive  credit on the closing settlement statement.

 

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Trends in Real Estate 2014

According to the Urban Land Institute’s “Trends in Real Estate 2014 Report”, there will be some main changes in the real estate market in 2014. The biggest change will be the shift from investing in residential real estate to commercial real estate. And within the commercial market you will see that warehouse complexes with the most growth and retail properties to see the least growth.

As in 2013 you will see Apartments building in demand as the young professionals prefer renting over buying.

 

 

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#Everett Casino Approved

The Massachusetts gambling commission gave approval to the revised proposal for a casino in Everett. This proposal reduces the price of the land Wynn Resorts pays and prevents hidden investors from profiting off the sale.

Rendering of proposed Resort/Casino

Rendering of Proposed Resort/Casino

The plans are that the casino/resort/hotel will be built on Monsanto chemical company site. The price of the property is now $35 million, which includes $10 million for cleanup.

A casino can have a positive effect on an area, from the hundreds construction workers of the initial building of the casino to the thousands of employees it will take to actually run the Casino/Resort. This along with the numerous support industries will boast our economy thus our greater #Boston housing market.

 

 

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Bradley Marchand Purchases Boston Condo

Boston-Bruins-Brad-MarchandA seven-room, 3,500-square-foot condo at 357 Commercial St. on Lincoln Wharf, is the new home of  Bradley Marchand, the 25-year-old left wing for the Boston Bruins.

This beautiful Boston condo features a gourmet kitchen and dining room which sports a view of the tree-lined 35-foot deck. The living area is divided into a formal living room and a family room.

Each bedroom has a cathedral ceilings and en suite baths. The unit also boasts sweeping views of downtown and the harbor.cbk

 

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Kevin Garnet Selling His Home in Concord

garnett_kevin_400Kevin Garnet is moving on. On to New York that is. On to the Brooklyn Nets and a new home. Garnett’s contemporary estate sits on a secluded 12-acre parcel overlooking a pond in Concord MA, but it’s the sleek elegance of the 11,000-square-foot house that will catch the eye of anyone capable of shelling out $4.85 million, which is what the 37-year-old Garnett and wife  is asking.8C9403599-kevin-garnetts-home.blocks_desktop_small

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Boston Luxury Condo For Sale

There is a Beautifully renovated one bedroom and den luxury condo for sale at the Ritz Carlton. Price is 569,000 which includes all you expect from the Ritz Carlton. For further information go to http://bostonluxe.com/idx/#&LinkID=248155&PropertyID=69421048&PerformSearch.

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101 Seaport Boulevard Breaks Ground

Mayor Thomas M. Menino, Skanska’s development team and executives from
PricewaterhouseCoopers tossed soil for a ceremonial groundbreaking on Thursday at 101 Seaport Boulevard, site of the first office tower in Boston’s Seaport Square.

 Photo by Thomas Grillo. Groundbreaking with Mayor Thomas M. Menino and Skanska at 101 Seaport Boulevard.

Photo by Thomas Grillo.
Groundbreaking with Mayor Thomas M. Menino and Skanska at 101 Seaport Boulevard.

The groundbreaking ceremony last Thursday at 101 Seaport Boulevard in the “Innovative district “  Demonstrates the tremendous momentum that this Boston neighborhood has behind it.

The mayor welcomed PwC to Seaport. They are moving its workforce to this new $126 million, 17-story building from the Financial District when 101 Seaport Boulevard opens in 2015. “The 200 businesses that have moved down here will need some good accountants,” he said. “I look forward to working with you in the future in the private sector to keep Boston moving forward.”

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Boston Harbor’s Seaport Neighborhood

pier-4-2Seaport dubbed today the “Innovative district” was once a muddy spot in Boston Harbor and then a thriving shipping area and then morphed into a decrepit no-man’s land of parking lots and abandoned warehouses in the mid-1900s.

With the vision of the city Father’s in the late 1990’s it has developed into a hotbed of development both commercial and residential with many being mixed use projects.

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Boston Back Bay Condos

Boston is one of the most beautiful cities in America. And certainly one of the most interesting. It actually is very European in design and gives out a historic ambiance. The Back Bay, Beacon Hill are two of the most expensive of neighborhoods to live, but certainly worth every dollar. You can find New Boston condos, lofts, beautiful brown stones. To lived in these areas gives you the opportunity to shop in some of the most prestigious of all retail areas such as the Prudential Center along with other great shopping and historic attractions that are to many to mention.

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