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June 25, 2024

Fire In Theater District Causes $3M In Damages To Historic Building

Hear Chrystal Kornegay, CEO Of MassHousing, Speak On Latest Affordable Project In Boston Aug. 1

A four-alarm fire caused substantial damage Monday night to a historic building undergoing renovations in Boston's Theater District

Fire In Theater District Causes $3M In Damages To Historic Building

The property at 31-37 Stuart St., home to the former Jacob Wirth restaurant and beer hall that had been planning to reopen, saw an estimated $3M in damages from the fire spreading to all four floors, Boston 25 News reported. Fire crews responded to the emergency shortly after 11 p.m. “We’re heartbroken over…

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This Week's Boston Deal Sheet

Boston Mayor Michelle Wu's office-to-residential conversion program has been extended until the end of 2025 due to new state funding.

This Week's Boston Deal Sheet

The program was originally scheduled to expire June 30 but will now run until December 2025 thanks to $15M in state funding, the city announced on Monday. The money is coming from the state's Affordable Housing Trust Fund, the Boston Business Journal reported. "This investment from the State will support…

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The Agency's Mauricio Umansky Talks Office Turmoil, Challenging The NAR And The Reality TV Spotlight

When Mauricio Umansky first shot to fame as a real househusband of Beverly Hills, few people expected him to become one of the most successful real estate agents in the U.S. 

Fast-forward to today, and Umansky owns one of the top brokerages in the world, with more than 120 offices across 12 countries.

The last two years have shaken residential brokerage to its core, yet The Agency has forged ahead, having launched several new offices and an industry trade group despite record-high mortgage rates and a historic lack of supply. 

But Umansky is a strong proponent of striking while the iron is less than scorching.

The Agency's Mauricio Umansky Talks Office Turmoil, Challenging The NAR And The Reality TV Spotlight

“If you’ve followed anything I’ve done in my life, when there is a recession, when there is turmoil, that’s always the opportunity for growth,” Umansky told Bisnow. “There’s amazing opportunities to take advantage of.”Umansky became a public figure more than a decade ago after his now-estranged wife, Kyle Richards, was…

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The Next Nashville? Billions In New Investment Could Put Baltimore Back On The Map

The Next Nashville? Billions In New Investment Could Put Baltimore Back On The Map  

Huge Baltimore real estate and infrastructure projects are coinciding to transform some of the most recognizable parts of the city and pump billions of dollars into the local economy.

These projects are expected to create a substantial draw to the city from out-of-town investors, new residents and tourists, several local developers and officials said last week at Bisnow’s Baltimore State of the Market. But they cautioned that the growth will also bring issues from housing affordability to congestion that the city must begin to address now. 

The Inner Harbor, a top waterfront tourist destination, is planned for a $500M overhaul that will add a host of mixed-use developments and public spaces. The city's stadium district is set to benefit from major renovations to the homes of the  Baltimore Ravens and Orioles pro…

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