Cape-to-Boston Connections Fuel Brokerage’s Growth
Paul Grover’s real estate brokerage career has expanded from its origins on Cape Cod to an office and presence in the luxury markets of Back Bay and Boston suburbs.
Hot Property: The Residences at Slade Farm
We built upon the hospitality-driven amenities that Fairfield Commons has to offer to create a modern living concept that appeals to all residents, whether they are young professionals, families planting roots in the Somerset community, or empty nesters seeking the convenience of the greater neighborhood. This project is adaptable to all.
Many Buy-Side Contracts Are Wholly Unfair
The term caveat emptor, or “buyer beware,” has perhaps never been more important in the housing market than it is now with one-sided and onerous buyer agency contracts out there.
Neponset Wharf a Cautionary Development Tale
The Neponset Wharf development is in Chapter 11 bankruptcy. A Quincy lender is seeking to foreclose on the property, and two development partners are in a legal squabble over payments to an environmental consultant.
SJC Prompt Pay Act Decision Is Warning to Developers
A court decision in June made clear that developers, lenders and others must pay promptly on disputed invoices.
New Rent Numbers Prove YIMBYs Right
The laws of economics apparently work differently in Massachusetts than in red states like Texas, according to some progressives here. Maybe they should look at some interesting new numbers released by Redfin and Zillow?
Lowell Mixed-Use Building Sold for $2M
A four-story mixed-use building at 177-181 East Merrimack St. in Lowell recently changed hands for $2 million.
3D Simulations Firm Relocates to Financial District
A German company that provides 3D visualization tools is consolidating and expanding its office space with a relocation to 2 Oliver St. in downtown Boston.
Engineering Firm Leases Regional HQ in Westborough
Bohler Engineering will open a new regional headquarters at 50 Washington St. in Westborough after leasing 20,000 square feet at a property owned by Carruth Capital.
Community Good Works
Banks across the commonwealth donated to summer programs and granted scholarships this week.
Senate Passes Economic Development Bill Loaded With Policy and $2.86B Price Tag
State Senators unanimously approved a sprawling $2.86 billion economic development bill just before midnight last night. S 2856 is seen as a critical tool for maintaining the commonwealth’s successful life sciences sector and making a similar massive investment in the climate tech landscape.
Country Bank CEO to Retire
The long-time president and CEO of Ware-based Country Bank, Paul Scully, will retire from the bank effective July 31.
Fan Pier Residential Tower Gets $215M Construction Loan
The Fallon Co. received a $215 million construction loan for a luxury residential tower at Boston’s Fan Pier, ending a lull in planned high-end housing projects in the urban core.
Lamacchia Buys Berkshire Brokerage
Lamacchia Realty’s westward march of acquisitions has finally reached Massachusetts’ western border.
Despite Push to Shrink Exposure, Banks Face Growing CRE Risk, Moody’s Warns
Prolonged high interest rates may drive credit risk at banks with high commercial real estate exposures, according to a new survey by Moody’s.
Rhino Capital Breaks Ground on Taunton Development
Boston-based developer Rhino Capital is seeking tenants for a new 285,000-square-foot development beginning construction in Taunton’s Myles Standish Industrial Park.
LMP Hits Pause on Somerville Lab Project
A third major Somerville lab development is hitting the brakes amid the growing glut of life science space in the city.
Vicinity Energy Names New CEO
Vicinity Energy, the utility that supplies steam to many downtown Boston commercial buildings from plants in Kendall Square, the Leather District and Back Bay, has a new leader.
Boston Rents Higher than SF, But Supply Slowing Growth in Other Markets
Rents are most expensive in large coastal markets, but are growing fastest in more affordable markets in the Northeast and Midwest.
Government Center Garage Contractor Sues Developer
In the latest financial fallout from the 2022 Government Center garage collapse, a Brockton contractor is seeking $8.8 million from the Bulfinch Crossing’s project’s developers.
