$20M St. Regis Condo Sale Sets Seaport Record
The $20.3 million sale of a double condominium at the St. Regis Residences, Boston this week sets a new high water mark for residential real estate in the Seaport District.
State Agencies Relocating to One Federal
Six state agencies are taking advantage of the Boston office market downturn to upgrade to a new location at One Federal St., where they will occupy 106,000 square feet.
Consumer Protection Concerns Prompt Criteria for Buyer Representation Agreements
The Consumer Federation of America has released its proposed for criteria brokers can use to make sure new homebuyer representation contracts are fair.
HarborOne and NeighborWorks to Redevelop Downtown Brockton Ex-HQ
HarborOne Bank recently transferred ownership of the bank’s former headquarters at 68 Legion Parkway to NeighborWorks Housing Solutions, to unlock a new redevelopment.
Theater District Apartments Rebranded After $212M Sale
A luxury high-rise in Boston’s Theater District developed by AvalonBay Communities sold to a San Francisco investor for $212 million and has been rebranded as “Luka on the Common.”
Report Seeks Funding for Central Massachusetts Biomanufacturing
Following the recent pause of a high-profile biomanufacturing project in Worcester, a central Massachusetts incubator laid out a growth strategy for the industry cluster.
Boston Tax Shift Plan Faces Turbulence on Beacon Hill
Legislators on the Joint Committee on Revenue pushed Boston Mayor Michelle Wu on her proposal to increase tax rates on commercial property owners to compensate for falling office values.
Councilor Says Article 80 Changes Could Tie City’s Hands
The biggest proposed changes in Boston’s development reviews since 1996 attracted pointed questions from city councilors including whether they would safeguard neighborhoods from undesirable projects.
BlueHub Court Battle Shifts to Legislature
A four-year-old court battle between nonprofit lender BlueHub Capital and a group of angry customers is spilling over into the state Senate’s economic development bill.
Webster Bank Picks Ex-First Republic Exec as New CFO
Webster Bank announced yesterday it had appointed William Holland as its next chief financial officer and the new executive vice president of finance for its holding company.
Slowdown Fears Drove Mass. Biz Confidence Down in June
Massachusetts business confidence fell in June amid indications that the Federal Reserve’s two-year effort to moderate inflation may finally be slowing down the economy.
Biden to Call for 5 Percent Cap on Annual Rent Increases
President Joe Biden is ready to propose a 5 percent cap on annual rent increases for tenants of major landlords as he tries to show he’s doing something about the high cost of housing.
Converse Extends Lease for Boston HQ
Converse signed a long-term lease extension for its Lovejoy Wharf headquarters with a German real estate investor that has owned the property since 2016.
Megabank Quarterly Results Show Signs of Consumers Spending Slowdown
JPMorgan Chase and Wells Fargo saw their adjusted profits fall, while Citigroup saw sluggish spending on its credit cards.
Stop & Shop to Close Eight Mass. Stores by End of Year
Stop & Shop has announced it will be closing 32 underperforming stores by the end of the year, including eight in Massachusetts.
Boston-Area Lab Leasing Hits Post-Pandemic Low
Lab leasing in Greater Boston declined to the lowest level since the pandemic as life science companies shied away from real estate commitments in a frugal funding climate.
Personnel File – No. 372
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Eastern Completes Merger with Cambridge Trust, Names Rosato CFO
Eastern Bank announced today that its merger with Cambridge Trust has successfully closed.
Hot Towns in Tepid Times
Lack of for-sale homes still remains a critical concern across the state, both in hot and not-so-hot communities, but despite that some markets did far better than others this spring.
July 15, 2024
