In this edition of Lara's Look, I share a selection of my listings, new development and off-market opportunities with upside, Compass' latest $400M announcement, and my fall feature in Boston Magazine's Real Estate Issue. I also share Q2 data highlighting key trends and stats by neighborhood. (Q3 data will be out in the coming weeks, which I will include in my next newsletter.)
Without further ado, enjoy this month's Lara's Look and please don't hesitate to reach out with any questions regarding the Boston real estate market and beyond. It all starts with a conversation.
All My Best,
I’m excited to announce Compass’ latest milestone – a $400M Series F funding round! This includes funding led by the Softbank Vision Fund and Qatar Investment Authority (QIA). We also had participation from existing investors including Wellington, IVP, and Fidelity. This investment will bring the total capital raised to nearly $1.2 billion and a company valuation of $4.4 billion. Through this investment, Compass is positioned to expand internationally in 2019. For more information take a look at Bloomberg's coverage on the announcement
Boston Magazine: Real Estate Edition I'm pleased to share my feature in Boston Magazine's October Issue, The Real Estate Edition! Officially hitting stands and mailboxes this week, my Compass colleague and I are interviewed as Your Neighborhood Experts. I've gifted my clients an annual subscription to Boston Magazine and if you'd also like to receive a copy, email me here
Cambridge Condo Portfolio
Excellent off-market opportunity for investors looking for an easy to manage multiple unit rental package or an end user who could combine units into one large luxury home at Cambridge Crossing. Minutes from downtown, Harvard, MIT, and all major highways. Three contiguous penthouse units:
PH2: 1 bed, 1 bath 769sf - current rent $2,250 (lease end 1/19/19)
PH4: 2 beds 1 bath 949sf - current rent $2,700 (lease end 3/14/19)
PH6: 2 beds 1 bath 919sf - current rent $2,900 (lease end 5/31/19)
South Boston Investor Unit *Turn-key* condo currently tenanted through August 31, 2019 for $2700/month. On desirable E Street in South Boston, this 2 bedroom, 1 bath condo features a granite/stainless kitchen with breakfast bar, hardwood floors throughout, and two spacious bedrooms. In-unit laundry, central air, and deeded storage in basement round out this Southie investment. Additional fees: $150 per month HOA, $308/month taxes.
On Market at The Strada
Stunning corner residence with sun-drenched and open 3 bedroom floor plan. Living room/dining room surrounded by floor-to-ceiling windows with Harbor views. Granite kitchen with Viking and Sub Zero appliances, breakfast bar, and ample cabinetry. Gracious master bedroom with custom closets and en-suite bath.
Large second bedroom with picture window and internal third bedroom currently used as an office/den. In-unit laundry, valet garage parking, deeded storage, newly renovated lobby, gym, and 24/7 concierge round out Strada living.
Off-Market Condo in Seaport
Stunning and thoughtful renovation of 1500+square feet condo in iconic Seaport loft building with TWO garage parking spaces. Incredible open kitchen with grand marble breakfast bar, custom cabinetry, and wine fridge fit for a collector. Oversized living space features polished concrete floors, high ceilings, large widows with expansive views, and sunny exposure. Fantastic common roof deck with views complete this city home.
Q2 2018 Boston Market Report
Looking for more in-depth data by neighborhood? Our Q2 2018 Boston market report is linked below. Download the full report and email me
to learn my take on the state of the Boston market.
Q2 2018 BOSTON MARKET REPORT
For those of you just joining my monthly newsletter, I'd like to share my real estate ethos: As a hybrid Residential and Commercial Realtor, my approach to real estate is through an investment lens. Specializing in identifying potential opportunities to create, grow or diversify your portfolio is how I truly add value to my clients; whether buying their first home, a multi-family investment property, or a mixed-use asset. My goal is to be a subject-matter expert for you as an advisor on the best and most innovative ways to use real estate as a tool to INVEST IN YOU and your future.