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Wu's proposal, which would set an annual rent increase cap between 6% and 10% depending on inflation, still needs approval from city and state lawmakers.
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Mayor Eric Adams is reportedly considering allowing developments of 200 units or fewer to skip the environmental study step.
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Apartment same-store rents were a positive highlight in 2022.
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MBTA has blamed HYM Investment Group for disruptions in subway services near the developer's megaproject.
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UK commercial property returns get worse but not nearly as quickly as in autumn last year
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Phase 2 of the five-phase project is underway and set to deliver in Q3.
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Meta puts metaverse on hold as its real estate potential is questioned
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Cap rates are causing pricing uncertainty and longer hold times for apartment investors and developers.
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MassBio's 2022 Industry Snapshot report found that there was increasing investment in companies outside of Cambridge.
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A 22K SF garage will be repositioned to house new charging stations and self-driving cars in San Francisco.
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