Massachusetts Real Estate & Financial News

Auction Scheduled for Condemned Revere High-Rises

By Steve Adams | Banker & Tradesman Staff | Nov 20, 2024 | Reprints | Unlock Link

An affiliate of Boston-based The Davis Companies scheduled a foreclosure auction after acquiring the mortgage on three Revere residential high-rises that were condemned in August.

A photo of the 525 Linc apartment complex in Allston.

Allston Development Gets $58M Financing After Fast Lease-Up

By Steve Adams | Banker & Tradesman Staff | Nov 19, 2024 | Reprints | Unlock Link

An Allston co-living project that’s 97 percent leased just 10 months after tenants started moving into its shared living spaces obtained $58 million in permanent financing.

Alperin, Bialecki Remembered for Lasting Impact on Boston Real Estate Industry

By Steve Adams | Banker & Tradesman Staff | Nov 18, 2024 | Reprints | Unlock Link

Tributes are pouring in for Thomas Alperin and Gregory Bialecki as executives who did much to shape Greater Boston development in recent decades. Both died Thursday.

Rafi Properties’ newly-completed “tough tech” development at 599 Somerville Ave.

Somerville Climate-Capture Strategy Hits Bumps

By Steve Adams | Banker & Tradesman Staff | Nov 17, 2024 | Reprints | Unlock Link

Somerville officials and one of its key commercial landlords wanted to stem the exodus of clean energy startups with a big, new development. But the presidential election and market realities are threatening that vision.

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Duxbury Rejects MBTA Communities Zoning

By Steve Adams | Banker & Tradesman Staff | Nov 20, 2024 | Reprints | Unlock Link

Duxbury voters resoundingly rejected a multifamily rezoning proposal after state officials said it failed to comply with the MBTA Communities law.

The sidewalk sign in front of Citizens Bank's downtown Boston office.

Citizens Bank Building Out Consumer Banking Team

By Sam Minton | Banker & Tradesman Staff | Nov 20, 2024 | Reprints | Unlock Link

Citizens recently added to its consumer banking team with one hire and two promotions from within.

A photo of MBTA commuter rail passengers leaving a train and walking down the platform at Boston's North Station.

Lynch: West-East Rail More Important than Boston North-South Rail Link

By State House News Service | Nov 20, 2024 | Reprints | Unlock Link

Congressman Stephen Lynch said Monday that he thinks pursuing a connection between Boston’s busiest commuter rail hubs and the Northeast Amtrak network may be a waste of time.

An architect's rendering shows what Charlestown's Bunker Hill Housing project will look like once it's fully redeveloped by the Boston Housing Authority and Leggat McCall Properties.

State to Match $110M Boston Housing Accelerator Fund

By James Sanna | Banker & Tradesman Staff | Nov 19, 2024 | Reprints | Unlock Link

Boston Mayor Michelle Wu Tuesday announced that a planned housing accelerator fund for investing in housing developments will grow in size.

Allston Developer Wants to Begin Housing First

By Steve Adams | Banker & Tradesman Staff | Nov 19, 2024 | Reprints | Unlock Link

Berkeley Investments’ redevelopment plan for the long-dormant 176 Lincoln St. site in Allston is shifting to reflect the difficult financing conditions that continue to plague commercial projects.

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