Home > Blogs > C.H. Naamad
71,525 views

C.H. Naamad

Boston Luxury Residential

By C.H. Naamad | Broker in 02116
  • Boston' s Most Expensive Rentals in 2012

    Posted Under: Home Buying in Boston, Rent vs Buy in Boston, Rentals in Boston  |  May 11, 2012 12:32 PM  |  261 views  |  No comments
    PLease follow link below for full article: 
    http://bostonluxuryresidential.com/blog/2012-most-expensive-rentals 

    Source: BostonLuxuryResidential.com

    C.H. Naamad
    Broker

    Boston Luxury Residential
    BostonLuxuryResidential.com
    LuxuryBuildingsBoston.com/
    ch@blrboston.com
    Cell: 617-407-9740

     “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential: C.H. Naamad:  617-407-9740, or email @ ch@blrboston.com  to begin working for you.”  

  • Would 2015 Be Too Late For Some Seaport Apartments?

    Posted Under: Home Buying in Boston, Rent vs Buy in Boston, Rentals in Boston  |  April 5, 2012 12:06 PM  |  223 views  |  No comments

    Some apartment projects slated for delivery in 2015 could be too late to the dance if financing dries up or demand is satiated by the hordes of new rental slated for earlier delivery or already under construction, according to an industry expert.

    Projects like Pier 4 and Watermark Seaport on the South Boston waterfront could be faced with a changed financing climate if interest rates rise or demand for apartments drops, said Simon Butler, partner with CB Richard Ellis. Butler recently spoke at a NAIOP event regarding the future of multifamily development.

    Although the multifamily market has been the hottest asset class and the only one attracting financing during the recession, those issues could create a "perfect storm" and slow down apartment development in the future, Butler said. While many projects will likely seek a condo exit for many of the units planned, it is still unknown if the condo market will recover to the point where demand for condo units will affect financing.

    The apartments that do get built, however, are mostly, if not all, luxury units aimed at large-salaried set. Along the East Coast, those luxury apartment projects are looking more and more like hotels, according to Julie Smith, president of Maryland-based Bozzuto Group, an apartment management firm.

    And the rich want even more and more luxury out of their luxury rentals. Gyms are getting bigger and personal gardens are getting more popular. Even the pets are being pampered, with pet grooming stations popping up as part of suburban projects, Smith said.

    But design is not all going to the dogs. At MIT, Kent Larson, principal research scientist at the Media Lab, is studying new ways to live in, and build, apartments.

    With more people working from home, Larson and his team are looking at new ways to accommodate that trend. One way is to create an apartment with robotic walls and collapsible tables. With its conceptual "transformable apartment," the school is promoting ways to easily turn a unit with multiple rooms into one large space. To accomplish this, the walls would be on electronic tracks that could be moved out of the way to have one big room, and would move back into place for a multi-room apartment. A kitchen table could fold out to accommodate several diners, and then fold back up into the wall out of the way.  
    Source: B&T

    C.H. Naamad
    Broker

    Boston Luxury Residential
    BostonLuxuryResidential.com
    LuxuryBuildingsBoston.com/
    ch@blrboston.com
    Cell: 617-407-9740

     “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential: C.H. Naamad:  617-407-9740, or email @ ch@blrboston.com  to begin working for you.”  

  • The Next Housing Bubble Might Just Be The Rental Market

    Posted Under: Home Buying in Boston, Rent vs Buy in Boston, Rentals in Boston  |  March 15, 2012 11:04 AM  |  319 views  |  No comments

    Typically when rents go up, more renters turn to home buying.

    When home prices go up, more turn to renting, but today’s housing market is anything but typical.

    Rents were up 3 percent nationally in January, year-over-year, according to a soon-to-be released new rental index from Zillow.com. Home prices, however, were down 4.6 percent annually.

    When you look locally, the numbers are more dramatic.

    In some markets, rents rose almost as much as home values fell. Take Chicago, for example, where rents were up just over 9 percent annually while home values were down just over 10 percent. The same is true for Minneapolis, where the divide is nearly the same. In San Francisco and Detroit, rents are up around 5 percent while home prices are down the same. It begs the question, as the rent vs. own divide grows, will the rental bubble suddenly burst?

    Right now investors are rushing to get in on cheap foreclosures, hoping to turn them around for quick rental income. The regulator of Fannie Mae and Freddie Mac, the FHFA, is in the midst of a pilot program to sell 2500 foreclosed properties to investors as rentals. The bulk of these properties are already rented, which means buyers get a turn-key investment with instant returns.

    In the meantime, multi-family housing starts were up over 14 percent in January from December and have been rising steadily as developers look to cash in on high rental demand and relatively low supply. Multi-family REITs are seeing big returns.

    So what exactly is the tipping point, given that mortgage availability is still tough, consumer confidence in housing is still weak, and employment, while improving, is still not where it needs to be to spur strong buyer demand?

    “While it seems that rents are rising at the expense of home values, the opposite is true. A thriving rental market will stimulate home sales, as investors snap up low-priced inventory to convert to rentals. That, in turn, will lower the number of homes on the market, which will eventually help put a floor under the value of all homes,” says Zillow chief economist Stan Humphries.

    More supply of rental homes, especially single family, could slow the upward trajectory of rent rates, which in turn would make renting more attractive and buying less so. It just raises a red flag to see home affordability at a record high, investors rushing in, and rents so strongly outpacing home values.

    Source: Business Insider

    C.H. Naamad
    Broker

    Boston Luxury Residential
    BostonLuxuryResidential.com
    LuxuryBuildingsBoston.com/
    ch@blrboston.com
    Cell: 617-407-9740

     “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential: C.H. Naamad:  617-407-9740, or email @ ch@blrboston.com  to begin working for you.”  


  • New Jamaica Plain project gets financing

    Posted Under: In My Neighborhood in Boston, Rent vs Buy in Boston, Rentals in Boston  |  February 9, 2012 10:10 AM  |  500 views  |  No comments

    Construction of a mixed-use project on Centre Street in Boston’s Jamaica Plain neighborhood that will create 103 apartments as well as retail and commercial space got a boost with $46.8 million in financing from MassHousing and the AFL-CIO Housing Investment Trust.

    MassHousing will provide $31.4 million in loans for the development while the AFL-CIO Housing Investment Trust and its subsidiary, Building America CDE, are providing a combined $15.4 million in financing. The project is the first phase of the $250 million redevelopment of Jackson Square in Boston’s Jamaica Plain community.

    Located at the intersection of Centre Street and Columbus Avenue, the $53.2 million project is a joint venture between Mitchell Properties and The Community Builders    . Construction commenced in December and is expected to be completed by April 2013.

    The project, approved by the Boston Redevelopment Authority    in 2007, is a transit-oriented development which will redevelop more than 11 acres of public and private land adjacent to the MBTA Jackson Square station. Upon completion, these long vacant and underutilized parcels will become a vibrant center with mixed-income housing, retail shops, community facilities and open space to reconnect Jamaica Plain and Roxbury, the developers said.

    MassHousing recently closed a $15.9 million construction and permanent loan, a $9.9 million construction bridge loan, and a $4.6 million Priority Development Fund loan. Another $1 million comes from the Affordable Housing Trust Fund, which is jointly managed by MassHousing and the state Department of Housing and Community Development. 
    The HIT is purchasing $9.9 million in MassHousing taxable and tax-exempt bonds to help finance the residential component of the new building. Thirty-five of the 103 rental units will be affordable to lower-income households. The project also includes almost 17,000 square feet of first floor commercial space and parking, which will be partially financed through $5.5 million of New Markets Tax Credits provided by Building America.  
    Source: BostonBusinessJournal

    C.H. Naamad
    Broker

    Boston Luxury Residential
    BostonLuxuryResidential.com
    LuxuryBuildingsBoston.com/
    ch@blrboston.com
    Cell: 617-407-9740

     “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential: C.H. Naamad:  617-407-9740, or email @ ch@blrboston.com  to begin working for you.”  


  • Meet NYC's Most Expensive Rental, Yours for $165,000/Month

    Posted Under: Celebrity Homes in Boston, Rent vs Buy in Boston, Rentals in Boston  |  December 9, 2011 9:57 AM  |  1,131 views  |  No comments


    There's officially a new titleholder for the most expensive apartment rental in New York City. It belongs to the Astor Suite, a four-bedroom apartment in the Plaza that's going for $165,000 a month, according to the New York Post (via Curbed).

    We know, that's more than a lot of people spend on a house.

    The apartment is owned by Esprit founder Jurgen Friedrich, who tried to sell it several years ago for $55 million. It hit the rental market today.

    It was recently renovated, and offers three bedrooms, five bathrooms, a library, a dining room and an eat-in kitchen, as well as a guest apartment with an additional bedroom and bathroom, a sitting room and a terrace, the Post reports.

    Anyone debating whether the price is too high will be glad to know that the apartment comes fully furnished.
    For pics of the unit, please follow link:
     http://ny.curbed.com/archives/2011/12/08/meet_nycs_most_expensive_rental_yours_for_165000month.php?nr_email_referer=1
    Source: Business Insder & Curbed NY

    C.H. Naamad
    Broker

    Boston Luxury Residential
    BostonLuxuryResidential.com
    ch@blrboston.com
    Cell: 617-407-9740

     “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential: C.H. Naamad:  617-407-9740, or email @ ch@blrboston.com  to begin working for you.”  

  • Boston Rents Climb In July, But Hub No Longer Among Nation's Hottest Rental Markets

    Posted Under: Home Buying in Boston, Rent vs Buy in Boston, Rentals in Boston  |  September 2, 2011 9:55 AM  |  533 views  |  1 comment

                

    Annual rent growth in Boston slowed over the past three months to 6.3 percent in July, causing Boston to slip from the fifth best rental market in the country last summer to just the 26th-ranked market last month, according to research from Dallas-based multifamily analysts Axiometric.

    For 2012, Axiometric predicted strong rent growth in Boston at or near an annualized rate of 5.4 percent., along with continued absorption which will raise occupancy by 50 basis points, to 96.8 percent.

    "The recent change in [Boston's] rank shows how strong the apartment market is right now for 25 other markets to have better than 6.3 percent annual rent growth," the company said in a statement.

    Nationally, annual effective rent growth reached 5.36 percent in July. Year-to-date effective rental rates (rents net of concessions) through the end of July increased by 4.8 percent, ahead of both the 4.01 percent growth rate at the same point a year ago and the full-year growth rate for 2010 of 4.64 percent.

    The national occupancy rate in July stood at 93.95 percent, essentially flat compared to the past two months, the company said.

    Source: B&T

    C.H. Naamad
    Broker

    Boston Luxury Residential
    138 Newbury St
    Boston, MA 02116

    BostonLuxuryResidential.com
    617-407-9740
    ch@blrboston.com

    “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential  C.H. Naamad: 617-407-9740, or email us ch@blrboston.com to begin working for you.”

  • 7 Best Cities to Find and work in IT Jobs in 2011

    Posted Under: Home Buying in Boston, Rent vs Buy in Boston, Rentals in Boston  |  September 1, 2011 9:59 AM  |  491 views  |  No comments




    Here it is short and sweet: city and state and the type of IT job/s most in demand there.

    1-Houston, TX:  Jobs in demand are: java/.net developers, Windows, Linux, SAP and ORCL.

    2-Washington, DC:  Mobile applications, network infrastructure and Cloud.

    3- Columbus, OH:  Web development, Project management, and Business analysts.

    4- Detroit, MI:   Java development, Project management, and Business analysts.

    5- Philadelphia, PA:  Project managers, QA testers, Java and .NET developers.

    6- Edison, NJ:  Java and .NET developers, Business analysts, and project managers.

    7- Boston, MA:   Data storage Engineering, Project managers, Business analysts, and especially .NET and Java developers.  

    Surprises: I am surprised that San Fran did not make the cut, and that Boston is at #7. These are two cities with some of the best IT schools in the world!!!! 

    Read more here: http://bostonluxuryresidential.com/blog/7-best-cities-for-it-jobs-in-2011

    C.H. Naamad
    Broker

    Boston Luxury Residential
    BostonLuxuryResidential.com
    ch@blrboston.com
    Cell: 617-407-9740

     “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential: C.H. Naamad:  617-407-9740, or email @ ch@blrboston.com  to begin working for you.”  

« Read older posts
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer