Category Archives: Residential

Cautious optimism as Boston remains among country’s top multifamily markets

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From Travis D’Amato & Michael Coyne
Managing Directors, Multifamily Capital Markets

Boston continues to benefit from an unprecedented demographic wave and the strongest multifamily fundamentals we have seen in over a decade. With just under 5,000 units a year on average scheduled to deliver in Metro Boston through 2019 and over 8,200 households being created annually over that same time period, we are still not building enough units to meet this… Read More

$1 Billion and counting: JLL’s Multifamily sales team sets new record

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2016 was an historic year for the JLL Boston Multifamily sales team, who eclipsed the $1 billion sales mark for the first time ever. The record-breaking success was driven in large part by the $215 million sale of Hanover CambridgePark, the largest single apartment sale in Boston’s history, and the $187 million sale of The Victor. We recently sat down with the leaders of the team, Travis D’Amato and Mike Coyne,… Read More

A look back at our top 10 stories of 2016

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As 2016 draws to a close, we thought it would be a great time to look back on the year that was and highlight 10 of our best stories from the past twelve months. We hope you have a happy and healthy New Year and look forward to continued success in 2017. Without further ado, here are our top 10 stories of 2016:

1. GE moves to Boston and the effects are… Read More

Building the case for more workforce housing in Boston

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D'Amato_Travis_Color_Casual_HiResFrom Travis D’Amato
Managing Director, Multifamily Capital Markets

View Travis D'Amato's profile on LinkedIn

Historically, workforce housing has been hard to define. It’s also been difficult to find here in Boston. In an effort to change both of those things, the ULI Housing and Economic… Read More

Hard work, an impressive track record and dedication to the community make Travis D’Amato a worthy 40 under 40 honoree

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damato_travis_color_casual_hires

What JLL Managing Director Travis D’Amato has already accomplished at the young age of 35, some people only hope to accomplish in a lifetime. As one of the co-leaders of JLL’s multifamily sales team, Travis has advised on over $1.5 billion of real estate transactions since joining JLL in 2012.… Read More

We’re #1: JLL’s Multifamily sales team reaches new heights

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JLL Boston’s Multifamily sales team was recently ranked #1 in the market by Real Estate Alert with over $400 million in sales in the first half of 2016. A notable achievement in and of itself, the honor is even more significant given that it’s the first time in 10 years a new team has held the position in the Boston market.

JLL’s success was driven in large part by the $215 million… Read More

Transit-oriented projects help multifamily sales reach record highs

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D'Amato_Travis_Color_Casual_HiResFrom Travis D’Amato
Managing Director, Capital Markets

2015 was a record year for multifamily sales volume, both locally and nationally. Across the US, investors poured nearly $139 billion into residential product, a 31% increase from 2014. In fact, the last quarter of 2015 was the strongest ever recorded, with year-over-year transaction volumes up more than 38% to $46 billion.

In the Metro Boston area alone,… Read More

Boston’s most dynamic market may surprise you

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There’s undeniably a ton of activity happening in the Seaport right now, but one could argue that Downtown Crossing is actually where most of the action in Boston is occurring. “I would say it’s probably the most dynamic market in the city right now,” said JLL SVP Bryan Sparkes. “We’ve seen a lot of new tenants come in here. We’ve also seen retail and residential, so it’s really become the live-work-play… Read More

Affordability and access driving multifamily opportunities in Boston’s outer urban areas

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travis2From Travis D’Amato
Managing Director, Capital Markets

There’s a new trend developing in the Greater Boston multifamily investment sales market, and it’s the migration towards what we like to call outer urban. Renters and investors alike are flocking to metro north towns like Everett, Medford, Chelsea and Revere, which present excellent access to the urban core at a discount to downtown pricing.

From the resident’s… Read More

Multifamily transaction volume to hit record levels

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travis2From Travis D’Amato
Senior Vice President, Capital Markets

Everyone’s talking about the Boston apartment market.

Boston sales volume for multifamily product will easily reach record levels this year. The only question is by how much.

The biggest year ever was 2007 with approximately $1.7 billion in volume. Last year we saw $1.4 billion close for the second biggest year ever. Year-to-date 2015 has already hit… Read More