Massive Multi-Family Portfolio goes to Creditors

New York City’s most well known blue collar neighborhood has been given to its creditors. Stuyvesant Town and Peter Cooper Village, a massive portfolio of 110 buildings and 11,227 units located on the East River in Manhattan was controlled by Tishman Spyer Properties and Blackrock Realty. Once hailed as the most expensive deal in the […]

Protecting Tenants - Foreclosure Act of 2009

I ran into this the other day while looking at a Multi-Family that was in foreclosure and thought it might be of benefit.
The Protecting Tenants at Foreclosure Act of 2009 was sponsored by, soon to be retired, Sen. Dodd (D-CT) and is supposed to help tenants caught up in this current wave of foreclosures. […]

4 Students or less law update for Boston

The Boston Herald ran a story today that had me laughing. The reporting is a bit all over the place but here is the gist of what’s happening with this ordinance.
Residents of Allston, Brighton, & Mission Hill were tired of listening to parties held by their college student neighbors. So the residents complained to their […]

20 Days till September 1st. Are you all rented up?

Only 20 days remain in this current rental season. If you’re a tenant that waited till the last minute you are certainly in the drivers seat. Inventories are extremely high. Landlords, if you haven’t already, now is the time to pullout all the stops: Pay the Brokers Fee, Ask for less money up front, reduce […]

Today’s Adventure: Apartment Showings.

It’s 10:36pm and I’m still at the office after a day full of showing apartments. I was everywhere today. Watertown, South Boston, Dorchester, & Allston. Here is the one theme I have seen throughout all these towns and neighborhoods. ITS JULY! Literally there are 54 days till September 1st and the apartment inventory is only […]