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Boston Real Estate Blog

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Investment firm on the hunt to buy Newbury Street properties

Following its recent $226 million sale of 28 properties in the Back Bay, UrbanMeritage is now raising a $100 million fund to start buying up properties again on Newbury Street and around the neighborhood.

God bless ‘em for believing in the Back Bay. But let’s hope that real-estate investors don’t drive up rents to ridiculous highs through all the buy-sell-buy action.