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4 NEW ENGLAND CONDOMINIUM   -NOVEMBER 2021    NEWENGLANDCONDO.COM  Industry Pulse  Events  IREM Webinar on Tenant/COVID Issues  The Boston chapter of the Institute of   Real Estate Management (IREM) will hold   a webinar on Walking a Fine Line: Legal   Cases with Tenants and Mental Disabili-  ties During the COVID-19 Pandemic this   month. The webinar led by Frank Flynn,   principal of the Flynn Law Group, will air   via Zoom from 10 am to noon on Novem-  ber 9. IREM notes that there are many laws   that can impose liability on management   companies when bringing eviction cases.   The seminar will cover various mental   conditions and legal strategies to best deal   with the problems that are caused at your   property. Disruptive behavior of residents   during the COVID-19 pandemic will be   a special focus. For details and to register,   visit  CAI Offers Communications Course  The Community Associations Institute   (CAI) will broadcast its M-202 Associa-  tion Communications course via Zoom on   Thursday, November 18, and Friday, No-  vember 19. This virtual course fulfills all   regular continuing education requirements   through CAI and CAMICB. For registra-  tion information, visit  IREM Plans Awards and Installation  The Boston Metropolitan Chapter of   the Institute of Real Estate Management   (IREM) will hold its annual installation of   officers and awards presentation at 5 pm on   Thursday, December 2, at the Granite Links   Grand ballroom, 100 Quarry Hills Drive,   Quincy. To register, visit www.iremboston.  org.  Industry News  Risk Strategies Recognized  Risk Strategies, a national specialty in-  surance brokerage and  risk management   firm, announced in September that it has   been named to the annual Best Places to   Work in Insurance list for the fourth con-  secutive  year.  The  list,  the  company  says,   recognizes employers for their commit-  ment to attracting, developing, and retain-  ing  great  talent  and  outstanding  perfor-  mance in establishing workplaces where   employees can thrive.   Founded in 1997 in Boston, Risk Strate-  gies is a top North American Specialty in-  surance broker providing comprehensive   risk management advisory services, insur-  ance and reinsurance services for Prop-  erty & Casualty, Employee Benefits, and   Private Client Risks for clients of all sizes.   The company is growing quickly, with over   100 specialty focused firms having joined   over the past decade. In addition to the re-  tail brokerage operations, the company has   a Wholesale  and Alternative  Distribution   division—One80 Intermediaries—and sev-  eral additional specialty brands. Together,   these comprise the Risk Strategies family   and 2,500 associates.   “We have focused on creating and fos-  tering a workplace environment that pro-  vides associates with the opportunity to use   their talents and creativity in a collabora-  tive,  inclusive, and  growth-oriented  envi-  ronment,” said John Mina, Chief Executive   Officer. “Our vision is to be a destination   workplace, and we are well on our way. We   want to attract and retain top talent, and   ensure that working life at Risk Strategies   is fulfilling and rewarding for all associates.   I am very pleased with today’s recognition   as a Best Place to Work, and appreciative of   how critical a great work life is to our as-  sociates.”   Best Places to Work in Insurance is an   annual  feature  presented  by  the  Custom   Publishing unit of Business Insurance and   Best Companies Group that lists the agents,   brokers, insurance companies, and other   providers with the highest levels of employ-  ee engagement and satisfaction.  UPR Opens Needham Office  United Property Restoration, based in   Middlefield, Connecticut, has announced   plans to expand its New England presence   with the opening of a new office in Need-  ham, Massachusetts, serving Greater Bos-  ton and the surrounding area.   “We’ve been serving our clients’ prop-  erties in Boston for several years, and re-  quests for service increased exponentially   recently,” said United’s CEO Bill Leone.   “We’ll continue to grow where our clients   grow and need us most. Investing in new   facilities, combined with planned strategic   acquisitions, gives us greater capacity to re-  spond even more quickly to the increasing   demand from our clients.”    The company says it offers “the largest   fleet of dedicated emergency cleaning and   restoration equipment in New England.”   Dennis Sullivan will lead United’s Need-  ham office as its vice president of operations.   Sullivan joins the firm with comprehensive   knowledge of the insurance restoration in-  dustry. Sullivan is also the founder of Pres-  tige Homecare, a Needham-based residen-  tial property management company.   Mike Leone, a United veteran, will   oversee the company’s estimating respon-  sibilities. He brings years of insurance in-  dustry experience and recently completed   his master’s degree in construction man-  agement. His experience establishing and   managing relationships with homeowners   and insurance carriers has provided him   extensive knowledge of the restoration pro-  cess, including the importance of quality   customer service.  Real Estate &   Development  New England Condo Sales, Prices Mixed   in September  As fall settled into New England, the real   estate market moderated in September, ac-  cording to regional real estate boards. Sales   figures ran the gamut, however, among the   states and among housing types.   On a statewide basis, Massachusetts saw   the  median  price  for  single-family  homes   drop from $553,000 in August to $525,000   in  September, and  the  median price for   condominiums  drop from  $481,063  to   $460,000. The Massachusetts Association   of Realtors noted that homes are sitting on   the market a bit longer, and sale prices are   closer to listing prices than in August. Cu-  mulative days on the market increased 4%   for single-families and 2.5% for condomin-  iums in September, compared to the previ-  ous month. Looking at a longer view, new   listings for condominiums were down 5.1%   in September compared to 2020.  In greater Boston, the typical single-  family home sold for $750,000 in Septem-  ber, a record for the month and up 10%   from September 2020, but down 4 percent   from August and the lowest median price in   six months, according to the Greater Bos-  ton Association of Realtors (GBAR). Like-  wise, condominium prices hit $620,000, up   5% from the same month last year, but a bit   lower than this summer.  “There’s definitely a more relaxed feel   and slower pace to this fall’s market,” Dino   Confalone, president of the GBAR, said.   “We are seeing less urgency among buy-  ers, especially where inventory levels have   improved steadily since the end of August.   Others seem to be pumping the brakes so as   not to overextend themselves financially.”  In Rhode Island, the median price of   single-family  homes hit  a  record  high  of   $385,000,  although  the  number  of  closed   sales was down 8.4%  compared  to a year   ago. Rhode Island condominiums remained   hot, with the median price soaring 21% to   $375,000 compared to the same quarter in   2020, and closings increasing by 43%, ac-  cording to the RI Association of Realtors.   New Hampshire’s Seacoast Board of   Realtors, meanwhile, saw a record 24 sales   of homes selling at $1 million or more in   September, breaking the previous mark of   22 set in July and extending a five-month   streak of double-digit $1 million-plus sales.   Nine  of those sales  exceeded $2  million;   three were more than $3 million, the board   noted.   At the same time, the seacoast’s condo-  minium inventory set a September record   for  lowest  total  of available  units,  leading   to a 42.6% drop in sales from last year, al-  though the area’s total condominium sales   for the year are up 16.2% and the median   sales price is up 12% to $399,900.   In the Greater Hartford, Connecticut   area, condominium closed sales decreased   4.4%—from 180  to  172—from  Septem-  ber of last year. The median sales price in-  creased 9.1% (from $178,750 to $195,000),   and inventory decreased 23.3%, according   to the Greater Hartford Association of Re-  altors (GHAR). “The drop in sales could be   due to potential buyers waiting for prices   to ease,” GHAR CEO Holly Callanan sug-  gested.  Doyle’s Cafe Revival Includes Condos  Doyle’s Cafe — a Boston neighborhood   mainstay that closed in 2019 after serv-  ing the community since 1892 — appears   headed for reincarnation as a multi-use   development including a residential com-  ponent.   The Boston Planning & Development   Agency recently approved a new develop-  ment project at the site, 3478-3484 Wash-  ington St. in Jamaica Plain.   The mixed-use project, according to   Boston Agent Magazine,   will revive the leg-  endary restaurant and include an expanded   storefront with a new 4,178 square-foot   urban grocery market. The renovation of   Doyle’s bar and restaurant will also include   a new roof deck.   The project will reportedly bring 29 new   residential units with 23 parking spaces,   22 interior parking spots and one carport   space for  residents with direct access  to   lobbies. A new four-story residential con-  dominium will be constructed above the   market with four units per floor. On the   southern corner of the site, at 60 Williams   St., a new four-story residential building   containing seven units will be built.   A second phase of the project will in-  clude construction of another building   housing six affordable condominium units.  Retire in Sunny … New England!  Think you need to head to warmer   climes to enjoy a great retirement? Sure,   Florida is an attractive retirement spot —   but one city in New England also gets high   marks in that regard, according to   U.S.   News & World Report.  PULSE  continued on page 18

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