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“Know the facts! That’s the first rule of success in business. My mentor started me off in real estate with a copy of Banker & Tradesman in 1980 and I’m still an enthusiastic subscriber. Weekly closed sales, regional market trends, understanding the connections between industries: there’s a lot to follow in the big picture beyond the MLS database.”

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Licensed MA Real Estate Broker since 1980 

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Jack Attridge
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William Raveis Real Estate

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Charles River Regional Chamber

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Batterymarch Group

 

The Banker & Tradesman Daily offers a comprehensive summary of what you need to know about the Massachusetts real estate scene every day.

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The B&T Daily: Tuesday, Dec. 17

The B&T Daily: Tuesday, Dec. 17

by | Dec 17, 2024

To our readers: The offices of The Warren Group will be closed Dec. 18 for the company’s annual holiday celebration. There will be no B&T Daily tomorrow.

Newton Joins BERDO Club: Commercial property owners in Greater Boston’s biggest suburb now face emissions-reduction rules, just like their counterparts in the urban core.

The Newton City Council on Monday unanimously approved a new Building Emissions Disclosure and Reporting Ordinance (BERDO) that applies to residential buildings over 20,000 square feet and non-residential buildings 100,000 square feet and up.

Nearly 400 buildings will be hit by the rules, which come with an option of reducing a property’s planet-warming emissions or paying annual fines to the city.

What Else Is on Tap Today?

Homebuyers and Climate Risks: Older homebuyers are more likely to buy homes in areas of America at greater danger from storms, wildfires and other climate risks. Redfin analysts say this suggests they care less about those risks.

Somerville Nixes Parking Minimums: Somerville will now be the second city in Massachusetts to entirely do away with requirements that new developments be built with a minimum amount of parking.

Fed to Slow Rate Cuts? Americans hoping for lower borrowing costs for homes and investments may be disappointed after this week’s Federal Reserve meeting.

Don’t Miss This

The five biggest real estate and banking stories you have to read today, including from B&T’s pages.

With more Federal Reserve rate cuts expected, some see positive signs that 2025 could see a more balanced housing market as the lock-in effect dwindles in Massachusetts. (Banker & Tradesman)

The ADU boom has begun. Is it adding the small-A affordable housing we need? (Dwell)

A prominent lawyer was charged with forging a Boston liquor license. Are there more fakes out there? (Boston Globe)

High on hope, Wall Street is hearing what it wants to from the incoming Trump administration. (New York Times)

The invention that accidentally made McMansions. (Stewart Hicks on YouTube)

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The B&T Daily: Tuesday, Dec. 10

The B&T Daily: Tuesday, Dec. 10

A developer that has a track record of repositioning former tech campuses for tenants including Amazon and GE just landed another opportunity in Southborough.

The B&T Daily: Wednesday, Dec. 4

The B&T Daily: Wednesday, Dec. 4

Eastern Bank is consolidating its suburban office space north of Boston to a Wakefield office park owned by Hobbs Brook Real Estate.

Advisor on Boston Rezoning Pens Land-Use Bible

Advisor on Boston Rezoning Pens Land-Use Bible

Architect and law professor Sara Bronin finds middle ground between the free market latitude of Houston and restrictive land-use regulation of New England in her new book, “Key to the City: How Zoning Shapes Our World.”

Wu Rejects Tax Compromise, Biz Leader Says

Wu Rejects Tax Compromise, Biz Leader Says

A business coalition offered a compromise deal Friday that would have seen property taxes on commercial buildings rise, but by less than what Boston’s mayor wanted.