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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Time to Purchase your Boston Condo

210-South-Street-LoftsForeclosure deeds, which mark the final stage of the foreclosure process declined over the year 54% state wide, compared to the same month last year. And the number of foreclosures initiated in July fell 66 percent.

If you are interested in purchasing or leasing a single family home, condo, loft or townhouse, contact Boston Luxe, LLC.

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Boston”City Fathers’ still Want Tallest Skyscatper

Trans_National_Place_1According to the Boston Business Journal, the Boston Redevelopment Authority is again looking for a developer of what could very well be Boston’s tallest skyscraper. Seven years after the plans for the project on a city owned garage site fizzled, the mayor has confirmed the plan to seek a developer for the almost 48,000 square foot construction project

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Fenway Park Hotel to Expand

hotelIt was announced this week in the Boston Business Journal that the owner of Hotel Commonwealth is seeking approval to put up a second building between the 140 room hotel and Fenway Park.

According to a letter of intent submitted to the Boston Redevelopment Authority, the plans call for a 134,000 square foot building that would contain 96 additional hotel rooms. If approved, the building would be constructed on 23,000 square ft. parking lot located at the rear of the hotel located at 500 Commonwealth Avenue in Kenmore Square.
An expanded project notification form is expected to be filed in September

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Boston Redevelops “Dudley Square” to Planned Community

Developer Pushes For New Life For Former Roxbury Bus Yard

aboutAccording to the Boston Globe, the builders and developers of the 8.6 acre development, “Bartlett Place”, has told the Boston Redevelopment Authority that starting the $140 Million project which includes the construction of 323 homes, a grocery store, retail shops, offices, markets and a plaza, would go a long way to fill a large void in the redevelopment of “Dudley Square” which lately is seeing a burst of construction after years of inactivity.  Nuestra Communidad Development Corporation has said it intends to make the property a destination for Roxbury residents. The BRA is planning a community meeting to discuss Bartlett Place Thursday night, an indication it is moving closer to a vote on the master plan for the property.

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CONTINUED HOT BOSTON CONDO MARKET

According to the Multiple Listing Service (MLS), Boston Condo sales continued at a record pace during the first half of the year, with several different neighborhoods taking the lead as sales prices increased. Brighton had the hottest sales in the $236K – $283K range with 44 sales, Jamaica Plain had 42 sales in the  $330K – $380K range, South Boston had 48 sales in the $493K – $580K range, and the South End had 69 sales in the  $740K – $1.125 range. Back Bay recorded 84 sales that exceeded $1.125M in price. fenway1

Many factors were considered however it appears that when buyers cannot find a home in a particular price range, it is not uncommon for the buyer to consider moving up and spending more, even if it’s in a different neighborhood.
Many Boston real estate professionals agree that most buyers will spend more if the buying opportunity is good, no matter what the neighborhood.

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Hints on Purchasing Your Boston Home

employmentIn days gone by you didn’t really need a lot of skills to search for a home. Your agent could find one that met your needs or you might drive by a home with a 4-sale sign and then check it out. You also needed to be able to negotiate price, as your real estate agent was more valuable for looking and searching and not much more. Today, even though your Boston Realtor does much more to help you in all aspects, there are still skills you need to be able to deal with any real estate transaction.

1  Self Control-As the home buyer, you must be able to make the final decision of what you are going to spend, according to your preset budget and plan, even if your agent wants you to go higher for some reason, you must maintain self control so you don’t over extend your finances. You might find out that you have to not aim for 3 or 4 bedrooms, and accept buying a Boston home in another of the wonderful Boston  neighborhoods or town.

325 Boylston Street

325 Boylston Street

2  Math-To be able to have self control, and control your spending, you must be able to understand what you can and cannot afford. Sit down with your spouse and go over every single expense and your total monthly income and decide what you can realistically afford to put down on a new home. Closing costs, and any move in expense has to be considered also. Take all of the figures to your mortgage loan professional and ask their opinion on what types of mortgage loans and payments you can afford.
Then talk to your Boston Realtor or Broker and decide where you can afford to search for a home.

3  Listen-Home buyers are constantly complaining that their agents are not listening when they express what they want in a home. The agent keeps showing me 4 bedroom homes, or condos, when I only want a 3 bedroom single family home. Or, the agent shows a buyer a home selling for more than they want to spend or can afford. Like the agent you must listen carefully to the information being fed back to you from the Realtor or agent, and not just ‘hear’ what fits into your overall wish list or dream list. Many people shut out information that they really don’t want to hear being afraid that by facing the truth, they will have to lower their expectations on what they can afford to buy.

4  Discernment-Discernment is the skill of being able to pick out what is useful, wise, right and important and being able to discard or disregard the rest of the noise. Today, our little worlds are full of noise coming from every direction. You hear what homeowners are saying about their particular mortgages, or houses, the news, the commentaries on radio and TV, etc. Turn it all off. You might need to exercise vigilance against allowing all that noise to spark panic, fear, paralysis or even over-optimism, over-confidence and over-spending.

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Charlesview Residences Opens in Brighton

Courtesy Madeline R. Conway-Harvard

Courtesy Madeline R. Conway-Harvard  Crimson

The 340 unit mixed use and mixed income Charlesview Residences development in Boston’s Allston-Brighton neighborhood celebrated its grand opening recently when Mayor Thomas Menino and developer ‘The Community Builders’ cut the ribbon on the $141M project. The new Charlesview Residences replaces the 213 unit housing development that has served low to moderate income residents for way more than 40 years. Construction on the development began in 2011.

“It wasn’t a unanimous slam dunk proposal,” said Paul Berkeley, president of the Allston Civic Association. There were people who felt that the density was too much for the neighborhood, while others welcomed more affordable housing. The 2nd and 3rd phases will feature 100 affordable and market rate homes for sale.

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