Fraud, Scam Cases Increasing on Zelle, Senate Report Finds
Incidents of fraud and scams are occurring more and more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren.
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Developers Win Rights for Huge Roxbury Parcel
An advisory group backed plans for a major commercial development that would tap into Boston’s life science boom and create an estimated 2,700 jobs in one of the city’s poorest neighborhoods.
Burlington Lab Conversion Gets $87M in Financing
By Steve Adams | Banker & Tradesman Staff | Oct 4, 2022 | Reprints | Unlock Link 
The new owners of a Burlington office building received $87 million to convert the property into 175,000 square feet of life science space.
Fairfield Pays $23M for Woburn Development Site
By Steve Adams | Banker & Tradesman Staff | Oct 4, 2022 | Reprints | Unlock Link
A 20-acre parcel in Woburn has been acquired for $23.4 million by San Diego multifamily developer, airfield Residential following approval of its plans for a 425-unit apartment complex.
Two South Coast Credit Unions to Merge
By Diane McLaughlin | Banker & Tradesman Staff | Oct 4, 2022 | Reprints | Unlock Link
Credit union consolidation continues in Massachusetts with two Southcoast credit unions planning to merge.
Shortage Means Long-Term Homes for MV Refugees Still Missing
Most of the roughly 50 Venezuelan migrants who were flown to Martha’s Vineyard last month at the behest of Florida Gov. Ron DeSantis are still being lodged at Joint Base Cape Cod.
Alexandria Maps Out Watertown Commuting Strategy
By Steve Adams | Banker & Tradesman Staff | Oct 3, 2022 | Reprints | Unlock Link
Single-vehicle commuters to the life science REIT’s big, new Watertown Mall redevelopment would be capped at 60 percent if plans are successful.
Flips Up, Flippers’ ROI Down in Boston Area
By James Sanna | Banker & Tradesman Staff | Oct 3, 2022 | Reprints | Unlock Link
The share of flips among second-quarter home sales was up in Greater Boston, according to a new report, but flippers’ return on investment was down significantly over 2021.
Personnel File – No. 306
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Economists: Expect Buyer’s Market by 2023
Oct 3, 2022 | Reprints | Unlock Link
A majority of housing economists expect the nation’s housing market to swing “firmly” in buyers’ favor before the end of 2023.
Hines Names South Station Condo Brand and Brokerage
By Steve Adams | Banker & Tradesman Staff | Oct 3, 2022 | Reprints | Unlock Link
Developers of the South Station tower have named Ritz-Carlton as the residential brand for 166 luxury condominiums and announced the selection of their interior designer and brokerage.
SBA Criticized for Not Collecting on Smaller PPP Loans
By Diane McLaughlin | Banker & Tradesman Staff | Oct 3, 2022 | Reprints | Unlock Link
The U.S. Small Business Association is coming under fire from its own inspector general for not collecting on smaller Paycheck Protection Program loans that were in default due to the costs involved.
Orange Line Diner Not in the Cards as T Scraps Old Trains
By Chris Lisinski | State House News Service | Oct 3, 2022 | Reprints | Unlock Link
Were you hoping that enjoying a cup of coffee and perhaps a slice of pie inside a former Orange Line train might exorcise all those memories of inexplicable delays and unidentifiable odors? You’re probably out of luck.
A Twisted Kind of Housing Recession
Booms and busts are a natural part of capitalism, but there’s something rather perverse about this particular bust.
There’s a Silver Lining in the Orange Line Shutdown
A big bump in commuter rail ridership shows what’s possible with a better-resourced MBTA and a regional rail system ready to support more transit-oriented housing construction.
Are You Up for a Down Market?
By Bernice Ross | Special To Banker & Tradesman | Oct 2, 2022 | Reprints | Unlock Link
Anyone who has experienced a buyer’s market with few transactions and plunging prices is familiar with the concept of “chasing the market down.” Here’s how to help your sellers from making that terrible mistake.
Banker & Tradesman’s Editorial Cartoon: Our Savior, the Pink Slip
It’s OK that you’re getting laid off. You’re saving the economy from inflation.
This Month in History: Massive Fire Sparks New Development
A massive fire devastated Chelsea for the second time in its history 49 years ago this month. What followed was an investment boom still paying dividends today.
Slow Going for Federal Real Estate Sales
A federal watchdog agency is raising flags about how a consolidation of government agencies offices could boost local economies as work-from-home reduces office requirements.
On the Front Lines of the Displacement Battle
By Steve Adams | Banker & Tradesman Staff | Oct 2, 2022 | Reprints | Unlock Link
Mike Leyba helps lead City Life Vida Urbana, the most vocal and prominent of Greater Boston’s tenant advocacy groups, a position that makes him a powerful voice in Boston’s debate over rent stabilization policies.
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