As always, the real estate market is unpredictable. While looking at the neighborhood and county level, Boston Globe findings demonstrated in recent years that there has been recovery in certain markets while stagnant or nonexistent growth in other Boston area localities.
A recent (unpublished) Rule 1:28 decision, Hancock v. Chambers, 85 Mass. App. Ct. 1106 (2014), reminds both condominium owners and trustees and attorneys of the care that needs to be taken when drafting-and attempting to enforce-condominium trust documents so that they ultimately make operative sense.
For the tenth straight month, real estate transactions continue to trend positively in Massachusetts.
Phased development often makes better business sense for certain kinds of residential and commercial properties. There are several planning and practical considerations that developers should make when it comes to phased projects.