news & press

BOSTON—When selling 16-24 Union Park St., a coveted residential/retail building in the evolving South End, exclusive listing agent Boston Realty Advisors had Mount Vernon Co. at “Hello,” MVC Chairman Bruce A. Percelay recounts following his firm’s $5.42 million purchase that has just closed with $4.0 million in financing from Cambridge Trust Co. arranged by Cornerstone Realty Capital.

Taking the least desirable neighborhood in Allston and turning it into a national model for environmentally sensitive living is an extraordinary accomplishment. We are proud to congratulate Bruce A. Percelay and his team for their success as a company, and in permanently improving the quality of life in Allston.

LUXURY HOUSING is booming in Boston, and policy makers and politicians are concerned. It’s not that they don’t like rich people. But they worry the middle class is getting priced out and they fear a city of just the rich and the poor.

In the latest measure of Boston’s white hot real estate market, a cluster of apartment buildings in Allston is being sold for one of the highest prices ever for a multifamily property in the city.

Located in the center of Nantucket Town, the fanciful blue and red Victorian façade of 21 Broad St. stands out amid the area’s stately white Federals. Capped with a mansard roof and embellished with ornamental white trim, it was built in 1872.