Tag Archives: multifamily sales

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

2015 market “as good as it’s ever been,” but what’s in store for 2016?

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Speaking at a recent NAIOP conference, JLL Capital Markets Managing Director Frank Petz characterized the current market as “heated, with no sign of cooling down.” Among the highlights, current pricing is way above the prior peak in 2007, for both Class A and Class B properties. On top of that, multifamily in particular is having a record year for Boston sales volume, far outpacing its previous high in 2007.