Eminent domain allows the government to take private property for public use, provided the owner receives just compensation. While this legal principle is meant to serve public interests, property owners often find themselves at a disadvantage when facing forced acquisition. The process can be complex, and government agencies may undervalue the...
Massachusetts offers a wealth of opportunities in commercial real estate, from bustling urban hubs to thriving suburban markets. For businesses, these transactions often represent significant milestones, whether it’s acquiring a new office space, leasing a retail storefront, or selling an investment property. However, the process can also feel overwhelming without the right...
If you’re in the market for real estate in Massachusetts, or you already own property, it’s important to understand what easements are. These legal interests can affect both residential and commercial property and could also impact the value of...
The Worcester City Council approved tax-relief for a $32.7 million housing project for college students. A large part of the agreement with the developer was over handling of exempted real estate taxes and receipt of various state tax credits.
Rather than being provided an 80 percent real estate tax exemption over a 10-year period, the...
There is no doubt that Worcester values its institutions of higher learning. City leaders frequently boast of the educated work force the colleges and universities have produced. But those same leaders have also shaken their heads in frustration with the schools that have tax-exempt status and the legal ability to flout zoning laws.
As those...
According to a recent report, developers in increasing numbers are returning to projects abandoned during the housing recession.
For example, an office high-rise in Boston's Financial District is reportedly in the works. If the proposed $1 billion project is finalized, the tower would be the first new high-rise addition to the downtown area in decades.
At...
