Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Milton J. Valencia and Tim Logan Globe Staff January 14, 2019 In the thick of an affordable housing crisis that has taken hold across Greater Boston, city councilors have proposed levying fees on high-end real estate deals to help pay for more housing — part of a bold and controversial movement across the region to tax developers who have been profiting off of a historic building boom.The proposal would set a tax of up to 6 percent on many commercial and residential sales over $2 million and establish a “flipping” tax of up to 25 percent on some properties that are sold twice within two years. It’s a bid to stem speculation and profiteering in Boston’s red-hot real estate market, the councilors say, and could raise anywhere from $175 million to $350 million a year. “We are in a crisis,” said City Councilor Lydia Edwards, the … [Read more...] about Amid housing crunch, city officials propose new real estate taxes on ‘flipping’ and sales over $2 million
1 percent real estate
Judge rejects San Antonio real estate agent’s request to intervene in $6 million forfeiture case
By Guillermo Contreras Published 6:32 pm CST, Thursday, January 10, 2019 Luis Armando Reynoso Femat, the governor of the Mexican state of Aguascalientes from 2004 to 2010, was sentenced in 2017 to more than six years in prison for embezzlement. The U.S. government is attempting to seize millions of dollars worth of real estate in the San Antonio area it says was bought with embezzled funds in his son’s name. less Luis Armando Reynoso Femat, the governor of the Mexican state of Aguascalientes from 2004 to 2010, was sentenced in 2017 to more than six years in prison for embezzlement. The U.S. government is attempting to ... more Photo: Associated Press File Photo Photo: Associated Press File Photo Image 1 of / 1 Caption Close Image 1 of 1 Luis Armando Reynoso Femat, the … [Read more...] about Judge rejects San Antonio real estate agent’s request to intervene in $6 million forfeiture case
Houston real estate developers acquire former Sharpstown mall
By Nancy Sarnoff Updated 8:08 pm CST, Thursday, December 20, 2018 Baker Katz, a Houston-based full-service commercial real estate firm, has purchased PlazAmericas Mall, an 850,000-square-foot enclosed center, on Thursday, Dec. 20, 2018, in Houston. Baker Katz, a Houston-based full-service commercial real estate firm, has purchased PlazAmericas Mall, an 850,000-square-foot enclosed center, on Thursday, Dec. 20, 2018, in Houston. Photo: Yi-Chin Lee, Houston Chronicle / Staff Photographer Photo: Yi-Chin Lee, Houston Chronicle / Staff Photographer Image 1 of / 85 Caption Close Image 1 of 85 Baker Katz, a Houston-based full-service commercial real estate firm, has purchased PlazAmericas Mall, an 850,000-square-foot enclosed center, on Thursday, Dec. 20, 2018, in Houston. Baker Katz, … [Read more...] about Houston real estate developers acquire former Sharpstown mall
Real estate transactions: Encino Energy signs big Uptown lease
By Katherine Feser Published 7:00 am CST, Thursday, December 20, 2018 San Felipe Plaza near the Galleria has landed Houston-based exploration and production company Encino Energy as a tenant. San Felipe Plaza near the Galleria has landed Houston-based exploration and production company Encino Energy as a tenant. Photo: Parkway Property Investments Photo: Parkway Property Investments Image 1 of / 3 Caption Close Image 1 of 3 San Felipe Plaza near the Galleria has landed Houston-based exploration and production company Encino Energy as a tenant. San Felipe Plaza near the Galleria has landed Houston-based exploration and production company Encino Energy as a tenant. Photo: Parkway Property Investments Real estate … [Read more...] about Real estate transactions: Encino Energy signs big Uptown lease
Suddenly, a pair of quiet real estate markets are white-hot
Josh Boak, Ap Economics Writer Updated 11:48 am PST, Wednesday, November 14, 2018 A former dock facility is shown with old transfer bridges, with "Long Island" painted in large letters at Gantry State Park in the Long Island City section of Queens Borough in New York, Tuesday, Nov. 13, 2018. Amazon announced Tuesday it has selected the Queens neighborhood as one of two sites for its headquarters. less A former dock facility is shown with old transfer bridges, with "Long Island" painted in large letters at Gantry State Park in the Long Island City section of Queens Borough in New York, Tuesday, Nov. 13, 2018. ... more Photo: Bebeto Matthews, AP Photo: Bebeto Matthews, AP Image 1 of / 3 Caption Close Image 1 of 3 A former dock facility is shown with old transfer bridges, with … [Read more...] about Suddenly, a pair of quiet real estate markets are white-hot