NorthPoint finds a little magic
— By: Marilyn JacksonNorthPoint, the 45-acre site in East Cambridge that is slated to become one of the largest developments in New England has new investors.
Los-Angeles-based Canyon-Johnson Urban Funds, which developed an apartment complex on Brighton Street in Charlestown four years ago, has partnered with the HYM Investment Group LLC of Boston and Atlas Capital Group of New York to renew the project, which calls for retail, office, hotel, residential and laboratory space. Part of the former Pan Am rail yard spills into Charlestown and Somerville.
Pending sales fall in August
— By: Marilyn JacksonPending sales of condos and single-family homes in August fell in year-to-year comparisions, but the number of single-family homes placed under agreement between July and August increased, according to the Massachusetts Association of Realtors.
For condos, the pending sales dipped from 1,466 to 1,435 in a month-to-month comparison. In August 2009, pending sales of condos totaled 1,770.
Kevin Sears, broker-co-owner of Sears Real estate in Springfield and president of MAR, said that the rock-bottom interest rates may be starting to have an impact.
