Eversource Buys Part of Everett Power Plant Site
Citing its potential to serve as a “multi-use energy interconnection hub,” Eversource has acquired a portion of Constellation Energy’s former Mystic property in Everett.
Back Bay Office Tower Construction Approved
Developer Skanska USA pulled building permits for a $363 million office tower near Copley Square, less than three months after a Massachusetts Appeals Court dismissed a lawsuit by residents of a Back Bay condominium building seeking to block its construction.
Hanscom FCU Plans to Buy Maryland Bank
Hanscom Federal Credit Union has announced its plan to acquire a bank, Maryland-based The Peoples Bank, in a move guaranteed to raise hackles in the banking industry.
Developer Buys 198-Unit Abington Station Site
Atlanta-based Wood Partners acquired an Abington parcel for $4.65 million that’s approved for a 198-unit housing development near an MBTA commuter rail station.
Tough Housing Market Forces Container Store into Bankruptcy
The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages.
Healey Executive Order Seeks More Construction Jobs for Women
Gov. Maura Healey on Monday signed an executive order...
Mass. Home Affordability Worsens in Fourth Quarter
An index maintained by data firm ATTOM shows that every area of Massachusetts got less affordable over the last year. The North Shore and Merrimack Valley were hit hardest.
Financial District Offices Sold for $10.2M
A Financial District property that was marketed for a potential housing conversion sold for $10.2 million, less than half of its previous sale price in 2017.
MBTA Slow Zone Removal Called ‘Christmas Miracle’
But problems on the Red Line Monday morning cast a shadow over officials’ celebratory mood as they gathered for a press conference to promote the elimination of all slow zones on the MBTA subway network “for the first time in 20 years.”
TTorren Flats Sold to Japanese Investor for $21M
A 30-unit Allston apartment complex completed in 2021 by Boston Real Estate Collaborative sold to a Japan-based real estate investor for $21 million.
Archrival Buys Alexandria Labs in Kendall Square for $250M
Alexandria Real Estate Equities sold three Kendall Square life science buildings to its archrival BioMed Realty for $250 million in a transaction between the nation’s two largest lab landlords.
Is Burlington’s Mall Road Plan Headed for Dead End?
Office vacancies are nearing 20 percent in a town where commercial real estate pays two-thirds of the property taxes. But a plan to lean on housing development to avoid fiscal pain is facing skepticism.
Mass. Can Strengthen Section 8 to Expand Housing Access
Local housing authority policies are making a vital housing affordability tool far less effective than it should be, and hurt housing providers in the process.
Hot Property: The Residences at Mill 8
A partnership between a western Massachusetts nonprofit and Boston-based WinnCompanies created 95 apartments for residents 55-and-over that were fully leased before completion.
Flood Insurance Is Getting More Affordable
The National Flood Insurance Program is working on allowing policyholders to pay their premiums on a monthly basis. Previously, premiums could only be paid annually.
The Counterintuitive Math that Unlocks New Possibilities
At first glance, the idea that two, plus two, equals five seems ridiculous. But sometimes, math isn’t just about numbers – it’s about people.
PHOTOS: 2024 in Philanthropy
Each Friday, Banker & Tradesman rounds up recent...
When a Bank’s Giving Benefits Its Business, Too
As Eastern Bank approaches five years since it went public, it continues to be an outspoken advocate through its foundation. That leadership also helps it attract customers and employees.
In White Stadium Fight, Echoes of Boston’s Past
A quarter-century separates Boston Mayor Michelle Wu’s controversial soccer arena plans and the city’s last major sports stadium battle. Could they end the same way?
Dec. 23, 2024
