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.
Hyde Park LGBT Senior Housing Gets Funding Despite GOP
A Hyde Park senior housing development that saw its financing package upended by national politics appears to have come out on top, in the end.
Berkshire Hires Ex-SVB Private Banking Head, Relocates Boston Branch
Berkshire Bank scored another high-ranking hire from the former Silicon Valley Bank and announced plans to relocate a downtown Boston branch to support its growing private banking team.
Santander Picks Boston for New Branch Format Pilot
Boston will be one of five cities in five states to get Santander’s new experiment in stripped-down branch formats.
All Boston-Area SVB Private Branches to Rebrand
First Citizens Bank will finally plant its flag in Greater Boston roughly a year after buying Silicon Valley Bank following the latter’s March 2023 collapse.
Healey Launches Small Fund to Help Cities Plan for Office Conversions
Communities “outside of Boston” will share a $1 million fund to help plan for the conversion of office spaces to housing, Gov. Maura Healey announced Friday.
NAR Settles Commission Lawsuits
The National Association of Realtors abruptly reversed course Friday morning, announcing it was settling all lawsuits against it over real estate commissions for a substantially smaller sum than it would have paid under a preliminary verdict announced last year.
Boston-Area Home Listings Up Year-Over Year as March Opened
A little uptick in a graph of new residential listings in Greater Boston could represent a flicker of hope for buyers and sellers alike.
Harvard Not the Only Winner from Feds’ Mass. Pike Money
A $335.4 million federal grant to rebuild a key section of the Mass. Pike and build a new transit hub in Allston will help unlock Harvard University’s plans for a big, new science and technology-focused neighborhood. But the school isn’t the only winner, experts say.
MBTA Lays Out Vision for New Bus Rapid Transit in Everett
The MBTA wants to extend the SL3 service on its Silver Line bus rapid transit network from Chelsea to Everett and Boston’s Sullivan Square.
Biden Pledges More Funds, Regulatory Crackdown to Address Housing Costs
Among the many proposals and pledges included in his State of the Union speech Thursday night, President Joe Biden called on Congress to pass a package of tax credits and other funding measures to help address the nation’s housing shortage.
TD Gives $1M to Expand Affordable Developer’s Assistance Program
The Community Builders, a national nonprofit developer of affordable and supportive housing, now has $1 million courtesy of TD Bank to scale up its Home Room housing instability pilot program.
Industry Should Watch for More Housing Reforms, Top Healey Official Says
Secretary of Housing Ed Augustus, the point person for the Healey administration on fixing the state’s housing crisis, signaled to a real estate industry audience Thursday morning that Gov. Maura Healey’s administration planned to introduce more housing reforms during her first term.
Pandemic Boosted Boston Homebuyer Income by $87K
A new analysis by economists at Zillow say the income a Greater Boston homebuyer needs to afford the median home in the region rose by nearly $90,000 over the last four years.
The B&T Weekly: March 3, 2023
Expect more real estate brokerage consolidations over the course of 2024 if some of last year’s acquirers’ bullishness is any indication.
The B&T Daily: Mar. 1, 2024
A developer that’s encountered neighborhood opposition to its most recent Boston projects has found a more welcoming climate in the suburban Medfield.
With Compass Agents’ Switch, Corcoran Group Gets First Mass. Outpost
New York City luxury brokerage Corcoran Group now has a Massachusetts market presence, thanks to a pair of Compass agents.
The B&T Daily: Feb. 29, 2024
Developer North River Leerink’s bet on Somerville’s Brickbottom neighborhood as a new life science industry cluster gained momentum with a 76,000-square-foot lease to Cambridge-based ADA Forsyth Institute.
