The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. The Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes.
With little competition from new luxury high-rises in downtown Boston and stable rent trends, the pending sale of the Sudbury could set another record for multifamily investment sales.
Mayor Michelle Wu laid out specifics about the advent of a new Boston Planning and Development Agency, including goals of accelerating approvals while emphasizing affordability, coastal resilience and equity.
Asana Partners is seeking to renovate and expand a block of commercial properties in Somerville’s Davis Square with life science space above updated storefronts.
BankProv saw positive earnings in the fourth quarter after a review of impaired loans in its cryptocurrency mining portfolio led to a $35 million loss in the previous quarter.
Boston Mayor Michelle Wu pushed back against criticism of her proposal to slap a cap on rent increases city wide would harm housing production in an interview on GBH News’ “Boston Public Radio” Tuesday.
Norwood Bank has rolled out a new name after completing its acquisition of Foxboro Federal Savings in December.
A North Andover developer will seek tenants for a 900,000-square-foot industrial development after acquiring the site from the Fall River River Development Corp.
By waiting longer than expected to receive regulatory approval for its recent bank acquisition, Brookline Bancorp now has an additional year before the Durbin Amendment takes effect.