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Boston real estate. Boston condos.



Archive for November, 2007


Breaking news: South End condo unit sells for $3.925 million

Superstar real estate agent Ricardo Rodriguez was in the press recently due to his listing of a penthouse unit for sale at 1280 Washington Street, in the South End.
The property was mentioned prominently in two recent articles, one in the Boston Courant and the other in the Boston Herald.
The unit was most recently listed at [...]



The South End is the best neighborhood in Boston, perhaps in America?

I had planned on a long blog post about this, but just don’t have the energy.
My neighborhood, the South End, is the best neighborhood in Boston, perhaps in America.
More about that, another time.
I only mention this because there were two articles I read this week that disparaged where I live. One was a Globe [...]



Government / lenders look to resolve subprime lending crisis, quickly

Well … this should get interesting.
So, a bunch of people took out loans on their home purchases and now can’t seem to repay them.
Perhaps you’ve heard about this?
Much hay has been sown (?!) about the issue, but little has changed, in my opinion.
Properties are still going into foreclosure, financial institutions are still afraid to make [...]



What is a recession?

Wordplay!
What is the definition of a recession?
From Wikipedia:
Recession is a decline in any country’s Gross Domestic Product (GDP), or negative real economic growth, for two or more successive quarters of a year.
However, this definition is not universally accepted. The American National Bureau of Economic Research defines a recession more ambiguously as “a significant decline in [...]



Columnist slams homeowners

Boston Properties wants to build a new 19-story office building on Boylston Street next to the Mandarin Hotel & Residences, and a 30-story residential building around the corner on Exeter Street.
Currently, the owner has approval for an 11-story building and … I don’t know about the other building. I don’t think they had ever [...]



Who approved these loans???

Data just released by a collection of city and state agencies and reported by The Warren Group shows that many of those facing trouble paying their home mortgage loans have had their loans for very short periods of time. Many were unable to pay, from the very beginning.
Number-crunchers from Boston’s Department of Neighborhood Development, [...]



Poster child for the foreclosure / subprime mess?

From the Wall Street Journal:
In Granada Hills, Calif., Natalie Brandon is fighting to keep the three-bedroom ranch house she bought in 1985 for $105,000. Mrs. Brandon, 51, does medical billing for doctors; her husband is a dispatcher for a local gas utility. Last year, she got a $625,500 mortgage from Argent, now owned by Citigroup. [...]



285 Columbus Lofts hit MLS

The sales office over at the new 285 Columbus Lofts has put its first listing into MLS.
From MLSPIN:
MLS #70682596
One bed, one bath, 893 square feet (approx.)
$575,500 ($659/square foot)
New construction luxury loft style residences located on the corner of Columbus and Clarendon in the Back Bay. European inspired design featuring Wolf, Jenn-Air, and Grohe appliances and [...]



New York City blows

I’m in NYC overnight. It is a ghost town in Times Square, due to the stagehands fight.
I’m not a big supporter of unions, per se. Or, more accurately, I should say I’m not a big supporter of a lot of unions’ rules which in this day and age seem less about “equality”, “fairness” and “safety” [...]



Miracle on Clarendon Street

Seen on Clarendon Street, earlier today.

Yes, that’s right, they’ve blocked off a lane of traffic from now until … May, 2009.
In order to build the mammoth Columbus Center project.
This is gonna be awesome!





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