Tag: Stephanie Mannino

2009 July Managing Your Reserve Fund By Stephanie Mannino

In today's harsh economic times, maintaining a healthy reserve fund is more important than ever. A community association’s reserve fund can be used to cover any number of emergency expenses from sudden repairs to legal costs. In additio…

Management

2008 April The Subprime Mortgage Fallout By Stephanie Mannino

The Climate of the real estate market across the country has shifted, and the fallout from the subprime mortgage crisis has been felt in cities and towns throughout the country. The co-op and condo market in New England is no exception, …

News

3/18/2024 One group of residents drops suit against Roslindale apartment building, but another group continues legal battle—Universal Hub

A group of Roslindale residents who sued to block a proposed apartment building on Belgrade Avenue at West Roxbury Parkway - several of whom lived in a condo building next door - dropped their suit after a judge said they didn't have much of a case, but could continue if they posted a $200,000 bond to compensate the developer for delay-related costs should they lose.
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3/18/2024 ‘It’s sad to see’: Somerville addresses concerns about encampment under busy highway—News 25 Boston

The Mayor of Somerville says city officials are working to address concerns about a homeless camp under the Southeast Expressway.
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3/18/2024 Condo proposal caught between old and new zoning wins approval on Addison Street in East Boston—Universal Hub

In an unusual move, the Zoning Board of Appeal today approved a 20-unit apartment building at 141 Addison St. in East Boston even though the BPDA has yet to sign off on the project.
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2/9/2024 Yardi Matrix Anticipates Slowdown in New Construction in 2024—Boston Real Estate Times

Multifamily construction starts declined in 2023, but exceeded expectations considering the turmoil in the financial markets.
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2/9/2024 MassHousing Provides $4.6 Million in Financing for 71 New Mixed-Income Homeownership Opportunities in Revere —Boston Real Estate Times

MassHousing will provide $4.6 million in financing through the CommonWealth Builder Program to Broadway Capital Inc. to develop 71 new mixed-income condominiums for sale in the Gateway City of Revere.
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2/9/2024 Dorchester civic group comes out swinging against more development - not in Dorchester, but next door in Milton—Universal Hub

After years of Milton residents fretting about evil Bostonians swarming their town, it's time for some turnabout: The executive board of the Cedar Grove Civic Association in Dorchester says its residents should join the fight against a ballot question in Milton that would allow denser development in parts of that town, to keep more commuting Miltonians from swarming their neighborhood.
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1/30/2024 An Average Boston Condo Now Costs Over $1 Million, Data Shows—Patch.com

As this real estate covered last week, the housing market in Massachusetts is both expensive and stagnant.
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1/30/2024 Kneeland Street condo tower on hold until loan interest rates come down—Universal Hub

The Zoning Board of Appeal this week gave Hudson Group another year to begin construction of its planned 22-story, 115-unit condo building at 150 Kneeland St. near South Station.
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1/22/2024 Condo owner awarded exclusive use easement of patio—Massachusetts Lawyers Weekly

The case concerned the equitable reformation of a Harwichport condominium’s master deed to correct a scrivener’s error to accurately reflect the developer’s intention to grant an exclusive use easement of a patio to the plaintiff’s “cottage” unit.
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1/22/2024 Owners of condos in new Roslindale building sue developer over what they say are leaks, noises, smells and other problems—Universal Hub

The owners of residential condos in a three-year-old building at Centre and Weld streets in Roslindale today sued the developer and project manager, accusing them of handing them a building with at least $2.3 million worth of problems, including a leaky roof, uninsulated pipes, non-functioning sump and hallway ventilation systems, a cracked retaining wall and rear foundation, a smelly lobby and such poor sound insulation residents say they feel like they're in the condos of their upstairs neighbors.
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1/22/2024 Massachusetts sees "staggering" drop in home sales—CBS News

Home sales were way down in Massachusetts in 2023, according to numbers shared by real estate data provider The Warren Group on Tuesday.
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1/2/2024 Jury finds condo owners tried to drive out commercial tenants—Massachusetts Lawyers Weekly

To prevent the plaintiff from leasing its unit to a restaurant that would offer seasonal cocktails, the defendants organized the neighbors against the grant of a liquor license, spreading rumors that the restaurant would serve no food and would permit smoking.
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12/21/2023 ABG Commercial Facilitates 8,481 SF Acquisition for Luxurious Condo Conversion—Boston Real Estate Times

ABG Realty spearheaded the acquisition of 323 Commonwealth Ave in Boston, representing buyer John Manganaro.
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12/21/2023 Portland standoff with yellow-flagged subject ends when police find body inside condo—Portland Press Herald

A police standoff that started before 11 a.m. Friday ended four hours later when police found a person dead on the second floor of a condominium at The Residences on Allen Avenue in Portland.
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12/21/2023 Condo association at pricey Back Bay building goes to court to make one owner stop screaming—Universal Hub

The condo association at One Dalton - the Back Bay tower that also includes a Four Seasons Hotel - today sued the owner of a 35th-floor unit they say has disregarded repeated entreaties and even fines to stop screaming, playing loud music and partying at all hours of the night.
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12/7/2023 Board approves plans for six-unit condo project in Dorchester but only if developer works with planners to reduce the amount of parking so the entire backyard isn't a parking lot—Universal Hub

When residents said Onyx Management and Development's plans for six condos in three attached buildings at 45 Milton Ave. in Dorchester would lead to parking woes on the street, the company responded with a proposal for nine parking spaces in a backyard that would be taken up almost entirely by a driveway and the spaces, with room for just three or four potted shrubs.
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12/7/2023 Newton OKs scaled-back rezoning plan to allow more multifamily housing—NBC Boston

The Newton City Council voted Monday to rezone six of the city’s villages to allow for more multifamily housing, a plan meant to comply with the MBTA Communities law while offering more modest change than a long-gestating proposal that encountered voter pushback.
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12/7/2023 CRC Arranges $36M for Portsmouth Resi Condo—ConnectCRE

Cornerstone Realty Capital has arranged $35.7 million financing for a 95-unit residential condominium project in Portsmouth, NH.
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12/4/2023 Massachusetts one of the 20 happiest states in America—Boston Agent Magazine

Massachusetts has been named one of the happiest states in America by HubScore.
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12/4/2023 Madison Realty Capital Lends $178M on Boston Condo Tower Project—Commercial Observer

Madison Realty Capital contributed toward a $241 million debt package for a refinance on Cronin Development’s planned residential condominium tower in Boston, Commercial has learned.
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