the
Boston Real Estate Blog

Sponsored by John Ford Realty
137 Charles Street, Boston
realtyford@yahoo.com
617-595-3712
617-720-5454
151 Tremont Street
617-482-0010

Of pizza, TD Garden condos and housing starts …

http://multimedia.heraldinteractive.com/images/20121120/6cae88_112012nashua.1.jpg

Here are some real-estate and neighborhood tidbits for all of you fellow news junkies:

— There’s a lot of interest by potential buyers in snapping up the assets of the bankrupt Upper Crust pizza chain, the Globe reports. More than 40 potential bidders have expressed interest in buying the pizzeria business.

Still no word on the ultimate fate of the Charles River restaurant.

— AvalonBay Communities says it may convert to condos some of its planned 503 apartments in a new tower it expects to build next to TD Garden in Boston. Any apartment-to-condo conversions will depend on market conditions, the developer says.

Here’s betting the market has improved enough for a few such conversions. They wouldn’t have brought up the subject if it wasn’t feasible.

— The U.S. Commerce Department says new-home construction starts jumped by 3.6 percent last month, for the most number of housing starts since July 2008.

Hmmm. What happened immediately after July 2008? Oh, that’s right. Fannie Mae went belly up in August 2008, followed by Lehman Brothers in September 2008.

File under: Not bad