Facebook Likes New Office Complex In Kendall Square
One of the most sought-after new buildings in tech supercluster Kendall Square has landed a blue-chip tenant in Facebook to accommodate the social media giant’s Cambridge expansion strategy.
MassHousing Finances Workforce Housing In Quincy
Construction is underway at The Watson in Quincy, as MassHousing has closed on $37.2 million in financing to the WinnCos. and NeighborWorks of Southern Massachusetts, to support the development of 140 new apartments for middle- and lower-income residents.
Uber Subsidiary Settles With Attorney General For Bilking Drivers
Hundreds of Massachusetts Uber drivers are being reimbursed after being overcharged by Uber’s subsidiary car-leasing company for “duplicative and erroneous tolls and related fees.”
Mortgage Applications Down Slightly As Rates Remain Flat
Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 25, 2017.
US Pending Home Sales Fall In July
Contracts to buy previously owned homes unexpectedly fell in July, the fourth decrease in five months as the housing market continues to struggle with a shortage of properties coming up for sale.
New Report Outlines Financial Condition Of MA Hospitals
Most acute care hospital systems in Massachusetts were profitable during the 2016 fiscal year, but the median financial margin fell from the previous fiscal year, according to a new state report.
The Beverly Closes Applications For Income-Restricted Units Today
A 239-unit workforce and affordable housing project being developed near North Station closes applications for potential tenants today.
New Name, Change Of Plans For Landmark Center Redevelopment
A 506,000-square-foot office and lab building would replace the previously-approved plans for three apartment buildings containing 550 units at the Landmark Center in Boston’s Fenway neighborhood.
These Five Sites Are ‘Ready’ For The Next GE
MassEcon has added five additional buildings and development sites to the ReadyMass 100, its online directory showcasing preapproved sites for major business expansions and relocations.
Galvin, MAR Urge Congress To Preserve Mortgage Interest Deduction
Secretary of State William Galvin sent a letter to Rep. Richard Neal (D-Massachusetts), ranking member of the tax-writing Ways & Means Committee and dean of the Massachusetts delegation, urging him to preserve the home mortgage interest deduction.
Needham Bank Announces New Executive Management Team
Roughly eight months after taking the helm of the nearly $2 billion asset Needham Bank, CEO Joseph Campanelli has appointed his new executive management team.
Homeowner’s Lawsuit Says Wells Fargo Charged Improper Mortgage Fees
A homeowner has filed a lawsuit accusing Wells Fargo & Co. of improperly charging thousands of customers nationwide to lock in interest rates when their mortgage applications were delayed.
Consumer Spending In 2016 Increased At Slower Pace, Despite Higher Incomes
Consumer spending in 2016 increased at a slower pace year-over-year, despite a faster increasing pre-tax income per consumer unit, the U.S. Department of Labor Statistics reported Tuesday.
Another Hospital Site In Play For Redevelopment
A 2.1-acre former hospital site on Commonwealth Avenue in Brighton is in play for a potential redevelopment.
Community Banks Did Well In Q2 But Remain Vulnerable To Interest-Rate Risk
The banking industry boosted earnings in the second quarter of 2017 with net income for the quarter surpassing $48 billion, a 10.7 percent increase from one year ago, according to data from the Federal Deposit Insurance Corp.
MA Foreclosure Petitions Drop 33 Percent In July
Foreclosure petitions in July are down 33.8 percent compared to last year, according to a new report from The Warren Group, publisher of Banker & Tradesman.
Retired Army Colonel Charged With Conspiring To Bribe Haitian Officials
A retired United States Army colonel was arrested and charged today for conspiring to bribe senior officials of the Republic of Haiti, and to launder funds for that purpose, in connection with a planned $84 million port development project in that country.
Marlborough Launches Pilot Bike-Share Program
Marlborough has partnered with Cambridge-based company Zagster Inc. to offer a bike-share program to city residents, employees and visitors. The two-year pilot kicked off today with 30 bikes across five stations.
Peter Pan Bus Co. To End Partnership With Greyhound
Massachusetts-based Peter Pan Bus Lines has announced it is ending its partnership with Greyhound.
Freddie Mac To Suspend All Evictions And Foreclosures In Hurricane Harvey Major Disaster Areas
Freddie Mac is suspending evictions and foreclosures on homes that are secured by Freddie Mac-owned or -guaranteed mortgages in eligible disaster areas impacted by Hurricane Harvey.
