GSIR, Cronin Group Settle Lawsuit
One of Boston’s prominent luxury brokerages and the developer behind a new Seaport District condominium tower have buried the hatchet in a dispute over allegedly unpaid sales commissions.
The B&T Daily: April 18, 2024
Citizens Financial Group’s move to seize market share among the Northeast’s rich is gathering pace, executives said during the bank’s first-quarter earnings call Wednesday.
Citizens Reports Private Bank Deposits Up $1.2B in Q1
Citizens Financial Group’s move to seize market share among the Northeast’s rich is gathering pace, executives said during the bank’s first-quarter earnings call Wednesday.
M&T Keeps Cutting Exposure to CRE Lending
In its first earnings call after a major credit ratings agency downgraded its out look for the lender, M&T Bank announced progress in reducing its book of commercial real estate loans.
In Speech, Wu Defends Downtown Strategies, Tax Rate Plan
Speaking to the Boston Municipal Research Bureau’s annual meeting Thursday, Boston Mayor Michelle Wu said her plans to increase troubled office towers’ share of the city’s tax burden were vital to “avoid making our housing crisis worse.”
Eastern Bank, MassDevelopment Fund Chelsea Housing
A Chelsea affordable housing development is securing site control thanks to Eastern Bank and MassDevelopment.
Lamacchia Realty Buys NAR President’s Brokerage
The state’s largest independent residential real estate brokerage now owns the home base of National Association of Realtors President Kevin Sears.
Crews Battle Blaze at Downtown Tower Building Site
A blazing pile of materials outside Hines’ under-construction South Station Tower set off a large response from the Boston Fire Department Tuesday morning.
Middle-Market Firms’ Financial Priest
When a bank borrower is in trouble, Tom Desmond gets a call. As the founder and managing partner at New England Consulting Partners, he helps middle-market companies rescue themselves and keep creditors whole.
Poll: 3 in 4 Boomers Don’t Want to Sell as They Age
A new survey of Baby Boomers and members of the Silent Generation commissioned by brokerage and listings portal Redfin has dismaying news for anyone hoping for a “silver tsunami” of downsizers bringing their houses to market.
Boston Multifamily Operators Battling Rising Insurance Costs
Multifamily operators are seeing their properties’ running costs continuing to grow, albeit at a slower rate than in years past according to a new report from real estate data firm Yardi Matrix.
Alexandra Project Hopes to Switch Back to Hotel
Will the third time be the charm for a development team’s efforts to redevelop the old Hotel Alexandra property in Boston?
Larry Lucchino, Key Figure in Red Sox and Worcester Revivals, Dies at 78
Former Boston Red Sox President and CEO Larry Lucchino has died at age 78, the team announced Tuesday morning.
Safra Filed to Add Boston Branch in March
The bank tied to the new leaseholders for Boston’s Quincy Market retail complex has filed to open its first location in Boston, among the applications by banks to open new branches last month.
Study: Lots of Amenities the Key Difference in Office Performance
A new analysis by researchers at commercial brokerage JLL has concluded that a high level of amenities is the key difference between buildings that kept or gained tenants over the last four years, and those that lost tenants.
Community Good Works
North Shore Bank, based in Peabody, gave $20,000 to the Essex Community Foundation to support education, healthcare, economic development and social services initiatives. See who else gave back.
Chase’s New England Head Leaves for Atlanta Post
Roxann Cooke, one of the most prominent Black women in the Massachusetts banking industry, is leaving Boston. But she’s staying with JPMorgan Chase.
In Contentious Vote, City Councilors Back Wu’s BPDA Reforms
Starting in July, many of the main functions of the Boston Planning & Development Agency will be transferred over to a new city Planning Department. But key elements remain unresolved.
Boston Gives Out $69M in Housing Funds
The city of Boston’s Neighborhood Housing Trust Fund is contributing $69 million to 14 mostly-affordable developments across the city this year, Mayor Michelle Wu announced Friday.
MBTA Could Add More, Battery-Powered Trains to Boston Commuter Line
Electrification of the MBTA’s commuter rail lines has been a long-held dream for developers, riders and transit advocates, alike. And Boston residents could be first in line for a preview of what it could look like.
