Quarterra Group, a subsidiary of Lennar Corporation and a real estate investment and development firm, today announced the start of leasing at Artemas, a mid-rise apartment community in Everett, MA, four miles north of Downtown Boston. The management of Artemas falls under the recent merger agreement between Quarterra Living, the property management division of Quarterra Group, and RKW Residential, the property management arm for Alfred.
Artemas brings 396 apartment homes and 1,500 square feet of retail space to the “Fermentation District” of Everett, an active neighborhood that is home to several breweries and distilleries.
“Artemas was designed to complement the colorful and historic character of Everett, and we have curated an exceptional living experience that captures the energy of this vibrant city,” said Dan Lee, managing director of Quarterra Group’s Northeast Division.
Located at 5 Air Force Rd. in Everett, Artemas is a short walk to the MBTA Orange Line T and MBTA bus routes.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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