Check out the January edition of the MAA Insider- featuring highlights from past events, information on upcoming events plus local and national multifamily news.

Read the January MAA Insider 
MAA Insider - January 2020
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Did you miss our January Newsletter? Read about upcoming BOMA Boston events, news, and educational opportunities!

Read the January BOMA E-News

January 2020 E-News
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2020 was a terrific year for BOMA under the leadership of Scott Rickards, Lincoln Property Company.
Click here for the BOMA 2019 Year-End Highlights.

 

 

BOMA 2019 Highlights
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State lawmakers are right now considering allowing ANY city or town in Massachusetts to impose a new sales tax on ALL real estate of up to 2%. This will drive up costs, hurt the economy and destabilize the marketplace.  

Click here  for more information.
Beacon Hill Considers Real Estate Sales Tax
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Right now, state lawmakers are considering a bill that would allow ANY city or town in Massachusetts to impose a new sales tax on ALL real estate of up to 2%. This will drive up costs, hurt the economy and destabilize the marketplace.

Sales Tax on Homes-We Need Your Help!
This and other transfer tax bills would further exacerbate the housing affordability crisis in Massachusetts, undermine the basic tenet of fairness in tax policy, and create an unstable revenue source for affordable housing. 
If enacted, H. 1769 would have an extremely negative effect on the Massachusetts real estate market and Massachusetts Realtors®. If you share your Association’s concerns that a new sales tax on homes is bad public policy, the time to act is now!  

Your legislators need to hear from you TODAY.

Take action now to send a pre-drafted email to your State Senator and Representative. If REALTORS® like you don’t make their voices heard, this bad tax policy could become a reality in all communities in the Commonwealth.

Additionally, for talking points in opposition to the legislation, see the Greater Boston Real Estate Board issued an email earlier this week, addressing the board's disapproval of the bill.

Participate in Legislative Call For Action to Oppose RE Transfer Taxes
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After clearing hurdles in the House and the Senate, President Trump signed a federal spending on Dec. 20, funding part of the federal government through Fiscal Year 2020, and, "brings certainty and stability to the housing market", according to a press release issued by the National Association of REALTORS® (NAR).
  
Specifically, the spending package contains three key NAR priorities, each representing wins for REALTORS® and the real estate industry: The National Flood Insurance Program (NFIP), Terrorism Risk Insurance Program (TRIP), and three tax extenders. Read More.

Federal Funding Bill Contains Key Wins for Real Estate
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Article Courtesy of: Inman News
By: Christy Murdock Edgar

KISS your way through 2020: Keep it simple ...

You may have already started thinking about what you’ll do to improve your personal and professional life in the new year. On the other hand, you may be thinking that resolutions never work, so why bother?

The following five resolutions however, are not only easy to stick to, but offer the kind of payoff that will help keep you motivated for the long haul.

1. Learn to use your phone

You may think that you’re already living on your phone, but you probably haven’t fully explored its capabilities. Take some time to learn more about your phone’s features. Learn to optimize its assistive options, and install mobile versions of your favorite desktop platforms.

Truly mastering your phone’s potential can help you work more effectively on-the-go and save you hours of desk time. In addition, with mobile CRM and transaction management, you’ll be more responsive and more organized than ever before.

2. Develop a time management program

If you feel that you are constantly stressed out and running to catch up, you need to take control of the clock and the calendar. Develop a time management program that can help you organize your day and make time for the things that pay dividends both at work and at home.

Whether you choose time blocking, Beat the Clock, mono-tasking, or just get better at setting reminders and alarms on your phone, better time management will help you to feel more in control, reduce stress, and keep you on track each day, week, month, and throughout 2020.

3. Get serious about content

What is your biggest marketing challenge? Whether it’s keeping up with your social media posts, revamping your website, or starting that long-delayed blog, podcast, or video channel, you can no longer afford to put off content creation

Instead of beating yourself up for what you haven’t done, figure out what is keeping you from creating content and address that challenge first.

Do you lack time? Expertise? Confidence? Consider working with a coach or outsourcing some of your content production in order to overcome your reluctance, so that you can give yourself a boost and get started.

4. Learn something new

One of the most important things that you can do to differentiate yourself is to take on a growth mindset. Whether you choose to seek a new certification or designation, move from agent to broker, or take a class at the local association, you’ll find that investing time, money, and effort in education pays big dividends.

Alternatively, take advantage of one of the many free and convenient online platforms to learn something new that you can use each day in your business. Explore Canva or Poster My Wall for flyers, postcards, and other promotional graphics. Work with Wix to create a customizable website. Master Excel spreadsheets in order to better track your finances.

5. Practice self-care

New Year’s resolutions are often punishing, involving things that we need to improve or tasks that we need to do. Instead of resolving to do more or be better, why not resolve to take better care of yourself?

If you spend all of your time taking care of your clients and your family, who’s taking care of you? Set aside some time each day for meditation or visualization. Make a standing appointment for a weekly massage. Keep facial masks on hand for anytime you have an extra half hour to chill out.

Remember, resolutions don’t have to make you feel bad about yourself. Choose something that makes you feel more relaxed, more in control, and more connected. Hopefully, each of these can become a meaningful and rewarding part of your daily routine.

Christy Murdock Edgar is a Realtor, freelance writer, coach and consultant with Writing Real Estate. She is also a Florida Realtors faculty member. Follow Writing Real Estate on  Facebook, Twitter, Instagram  and YouTube.
5 Simple New Year's Resolutions That Will Pay Big Dividends in 2020
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2019 was a terrific year for CBA under the leadership of Michael Frisoli, Newmark Knight Frank.
 Click here for the CBA 2019 Year-End Highlights.

 

2019 CBA Highlights
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 The Department of Revenue (DOR) has released the final version of its Short-Term Rental Regulations, which includes some key changes that were a direct result of advocacy by the Massachusetts Association of REALTORS® who testified on proposed regulations this past summer. Read More.

 

Short-Term Rental Regulations Finalized: What You Need to Know
GBAR

 
The Federal Housing Administration (FHA) has published its 2020 loan limits, with the baseline limit increasing to $510,400 from $484,350 in 2019. HUD In high-cost areas, the limit will be $765,600, up from the 2019 limit of $726,525.
  
For Metropolitan Boston (Essex, Middlesex, Norfolk, Plymouth and Suffolk counties), the single-family loan limit is $690,000. Read more, and view loan limits for 2-4 family properties and all counties here.

 

Federal Loan Limits to Rise in 2020
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Did you miss our December Newsletter? Read about upcoming BOMA Boston events, news, and educational opportunities!

Read the December BOMA E-News

December 2019 E-News
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Check out the December edition of the RHA Insider- featuring highlights from past events, information on upcoming events plus local and national multifamily news.

Read the December RHA Insider
RHA Insider - December 2019
MAA
 
Many of you may be aware of or participated in discussions in recent weeks surrounding the so-called Clear Cooperation Policy proposed on the national level to address “pocket” listings and properties “coming soon” to market. 
  
Recently, at the 2019 REALTORS® Conference & Expo in San Francisco, the NAR Board of Directors voted to implement new policy language – MLS Statement 8.0 – requiring brokers to enter listings into the MLS within one business day of marketing the property publicly. The policy does not prohibit office-exclusive listings, and only applies to association-owned MLS systems.
  
Accordingly, MLS PIN, as a broker-owned system, is not bound by the policy, but it may be considered by the MLS PIN Rules Committee in the near future. Read More.
 
NAR Board OKs MLS Clear Cooperation Policy
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Announcing Special Public Service Award Recognition for the Late William “Bill” McGonagle The Rental Housing Association's President's Awards Dinner Tuesday, December 3, 2019, 5:30 pm - 9:00 pm, Seaport Hotel, Boston The Rental Housing Association is pleased to present the 2019 Industry Excellence Award to Thomas D. Beaton, CPM, Senior Vice President, Management, The Dolben Company. Active with the firm since 1982, Mr. Beaton is responsible for overseeing the operations of Dolben’s management portfolio, which consists of more than 17,000 multifamily units in New England and the Mid-Atlantic. Mr. Beaton is a Director and Past President of the Rental Housing Association of the Greater Boston Real Estate Board, and a Director of the Greater Boston Real Estate Board. He has also served as Director, Regional Vice President, Secretary, Treasurer, Vice Chair, Chairman-Elect, and Chairman of the National Apartment Association. Over the course of his career, Mr. Beaton has spoken on a wide variety of industry-related topics at national and regional conferences and events. Mr. Beaton has received the Certified Property Manager designation from the Institute of Real Estate Management, is a graduate of the Tilton School, and holds a B.A./B.S. from Tufts University. ______________________ RHA is also honored to posthumously award the 2019 Public Service Award to William “Bill” E. McGonagle. Bill McGonagle was born and raised in a South Boston public housing development in a family of eight.  He has worked with or on behalf of the public housing residents of Boston for more than 40 years.Members of Bill's family will accept the award on his behalf.  He began his career working with public housing residents as a youth Program Director at the Brighton Y.M.C.A., where he worked with young people from the Commonwealth and Faneuil public housing developments.  He later worked at the South Boston Boys & Girls Club with young people from the West Broadway Public Housing development. Bill started working at the Boston Housing Authority in 1981 as a member of the BHA’s Department of Public Safety.  He was subsequently selected by BHA Receiver Harry Spence to participate in a BHA sponsored management training program.  The program included graduate level management classes at the Boston University School of Social Work.  Bill also served as a public housing development manager and as an Area Director overseeing the management of the BHA’s 37 elderly/disabled public housing developments throughout Boston.  He later served as Executive Assistant to former BHA Administrator Doris Bunte where he became directly involved in the integration of the public housing developments in South Boston and Charlestown.  Bill was then appointed Deputy Administrator on April 1, 1992.  He served in that role for 17 years and for three Administrators; David Cortiella, Joseph Feaster, and Sandra B. Henriquez.  Mayor Thomas M. Menino appointed Bill as Administrator for the Authority on June 11, 2009.  He continues to serve in that capacity under Mayor Martin J. Walsh. In the spring of 2010, Bill received the Urban League of Eastern Massachusetts (ULEM) President’s award for his outstanding commitment to serving families and individuals and for his leadership at the Boston Housing Authority in ensuring that BHA residents obtain equal access to resources and economic opportunities. In 2009, he received the J. Lincoln Durand Award from the Mass Union of Public Housing Tenants for providing a positive role model for public housing tenants.  In 2007, he received the John W. McCormack Public Service Award from the South Boston Citizens’ Association for his dedication to public service among many other awards since.  Most recently, Bill received the Affordable Housing Vision Award from the National Housing and Rehabilitation Association in 2018. Bill passed away in October 2019.
2019 RHA President's Awards Honorees
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2019 TOBY & Industry Award Winners
Historical Building Winner:
The Innovation & Design Building
Managed by Jamestown L.P.
Owned by Jamestown L.P.

Laboratory Building Winner:
490 Arsenal Way 
Managed by JLL
Owned by Clarion Partners

Earth Award Winner:
Oracle - Burlington 14
Managed by Oracle Americas, Inc.
Owned by Oracle Americas, Inc.

Suburban Office Park, Low-Rise Winner:
The Center at Corporate Drive
Managed by CBRE
Owned by Spear Street Capital 

Suburban Office Park, Mid-Rise Winner:
5th Ave & Totten Pond at City Point
Managed by CBRE
Owned by Anchor Line Partners
100,000 - 249,999 SF Winner:
160 Gould Street
Managed by Cushman & Wakefield 
Owned by James Campbell Company LLC

250,000 - 499,999 SF Winner:
125 Summer Street
Managed by Oxford Properties Group
Owned by Oxford Properties Group

500,000 - 1 Million SF Winner:
225 Franklin Street
Managed by Oxford Properties Group
Owned by Oxford Properties Group

Over 1 Million SF Winner:
One Beacon Street
Managed by CBRE
Owned by Metropolitan Life Insurance Company


Property Manager of the Year, Low-Rise:
Daniel Ferdenzi
CBRE

Property Manager of the Year, Suburban:
Michael Tibbetts
Taurus Management Services

Property Manager of the Year, Mid Rise:
Michael Carli
Alexandria Real Estate Equities, Inc.

Property Manager of the Year, High Rise:
Amanda Johnson
Oxford Properties Group

Engineer of the Year Winner:
Bill Cannell
CBRE

Chief Engineer of the Year Winner:
Dan Gobron
CBRE
Questions about the TOBY Awards: Contact Kayla Burmeister at kburmeister@gbreb.com.

BOMA Boston TOBY & Industry Awards 2019
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Did you miss our November Newsletter? Read about upcoming BOMA Boston events, news, and educational opportunities!

Read the November BOMA E-News

November 2019 E-News
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Check out the November edition of the RHA Insider- featuring highlights from past events, information on upcoming events plus local and national multifamily news.

Click Here for the November RHA Insider
The RHA Insider - November
MAA
 On Oct. 15, the long-awaited FHA Condo Rule went into effect. Make sure you are prepared. National Association of REALTORS® (NAR) staff discussed the long-awaited FHA Condo Rule, and its impact on REALTORS® and consumers in this video.
  
For many years, NAR urged the U.S. Department of Housing and Urban Development (HUD) to finalize changes to the previous rule that would ease restrictions on FHA financing for condominiums, thus enabling more first-time buyers, older adults, and low to moderate-income families to achieve the dream of homeownership. Read More
 
Long-Awaited FHA Condo Rule Takes Effect
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While the largest destinations for cross-border capital into the U.S. have lost momentum in recent years, Boston is gaining ground.
  
Foreign investment in office, multifamily, industrial, retail and hotel assets have averaged about $2B annually in Boston’s urban core in recent years, but increased to $3.1B in 2018, according to Real Capital Analytics. 
  
In downtown San Francisco, foreign investment fell from more than $3B in 2016 to $1.6B last year. Foreign investment in New York City real estate dropped by 50% between 2015 and 2018. “On the basis and return side, we’re an even more attractive market than New York or San Francisco right now,” CBRE Executive Vice President Scott Dragos said. “Boston has historically been behind, so that’s a breath of fresh air.” Read More.
  
Looking to learn more about Boston's growing international marketplace? Attend GBAR Global Council's International Connection: Working with International Clients program and hear from industry professionals about their work with foreign buyers, sellers and investors. More Information. 
 
Boston Gaining On New York, San Francisco As Foreign Investors’ Market Of Choice
GBAR
 On Oct. 15, the long-awaited FHA Condo Rule went into effect. Make sure you are prepared. National Association of REALTORS® (NAR) staff discussed the long-awaited FHA Condo Rule, and its impact on REALTORS® and consumers in this video.
  
For many years, NAR urged the U.S. Department of Housing and Urban Development (HUD) to finalize changes to the previous rule that would ease restrictions on FHA financing for condominiums, thus enabling more first-time buyers, older adults, and low to moderate-income families to achieve the dream of homeownership. Read More
 
Down Payment Assistance Available Through MassHousing
GBAR

Upcoming Events

Event
GBREB Winter Soiree
WilmerHale
5:30pm
 
Executive Roundtable with the McCall Leadership Award Winner
Newmark Knight Frank
7:45am
 
CBA Achievement Awards
InterContinental
5:30pm