The Worcester City Council approved tax-relief for a $32.7 million housing project for college students. A large part of the agreement with the developer was over handling of exempted real estate taxes and receipt of various state tax credits.
With urban growth may come changes in environmental laws
As Boston has grown, so have its surrounding neighborhoods. In fact, according to the Boston Development Authority, the city has grown to twenty-six neighborhoods. Even more notable is that over half of those communities were once separate towns. The City of Boston gradually annexed them over time.
Worcester v. nonprofits
There is no doubt that Worcester values its institutions of higher learning. City leaders frequently boast of the educated work force the colleges and universities have produced. But those same leaders have also shaken their heads in frustration with the schools that have tax-exempt status and the legal ability to flout zoning laws.
Considering an overseas real estate investment? Heed these tips
According to a recent article, an increasing number of Americans are looking for overseas properties. Certainly, one advantage to living on the East Coast is more reasonable travel times to many European and Caribbean destinations. With the help of technology applications like video chatting, it is also easier to stay in touch.
Boston developers return to projects abandoned during recession
According to a recent report, developers in increasing numbers are returning to projects abandoned during the housing recession.
Unlikely Boston entity enters into commercial lease agreement
Although it may not be a typical commercial real estate player, the Roman Catholic Archdiocese of Boston has reportedly entered into a commercial lease.
Tips for navigating commercial real estate transactions
A real estate attorney knows that there can be complicated legal issues associated with a real estate transaction.
Can equity influence a real estate transaction?
According to a recent report, home equity lending is up by over twenty percent from a year ago.
Issues affecting affordable housing development projects
Boston Mayor Marty Walsh recently released his first official housing plan. The report calls for more developers of middle-class housing projects and includes several strategies for attracting them, such as property tax incentives and land deals.
More issues impacting commercial real estate transactions
Although it may be easy to understand the desire to preserve historical structures, disagreements can arise in their classification. In the context of land use and zoning, such efforts may impose a height restriction on skyscrapers or other commercial development projects.
