Housing Gets OK to Start Power Plant Redevelopment
Redevelopment of the former Boston Edison power plant property in South Boston is expected to begin with residential buildings, in a change reflecting weak demand for commercial space.
Vacant Cambridge Buildings Eyed for Housing Redevelopment
Vacant commercial buildings in Cambridge Highlands have been acquired by a nonprofit housing developer that plans to propose a 100-percent affordable project.
Woburn Industrial Property Sold to NYC Investor
A New York City-based real estate investor acquired a Woburn property as part of its strategy of seeking small-bay buildings in supply-constrained markets.
Ion Bank to Merge With The Cooperative Bank
Ion Bank will be merging with The Cooperative Bank, with the latter operating as a division of the Connecticut-based institution.
Michlewitz: Rent Control Deal Needs More of Real Estate Industry on Board
A top House official said proponents need to get “a large group of other folks in the real estate community on board” for a rent control compromise to materialize.
Massachusetts Real Estate Market Continues Stagnation in May
The Massachusetts residential real estate market continued its slow start to 2026 in May.
Judge Backs Developer in ‘Weston Whopper’ Project
A Middlesex Superior Court judge supported The Hanover Co.’s seven-year-long attempt to build a 180-unit apartment complex in Weston.
MBTA Communities District Project Gets $44.5M Construction Loan
Beacon Bank provided $44.5 million in construction financing for a 145-unit suburban apartment project approved under the MBTA Communities Act.
Developer Redesigns JP Project to Appease Arboretum
A Wellesley developer has redesigned plans for a Jamaica Plain monastery property following opposition from the Arnold Arboretum.
Sixteen Penny is set to file plans with the Boston Planning Department this week to demolish the monastery, and construct a 5-story, 190,000-square-foot apartment and condominium building in its place.
Cambridge Project Shows All-Affordable Overlay’s Potential
Move-ins are beginning at the first project completed under a Cambridge zoning ordinance designed to encourage all-affordable housing developments.
Mass. Bank and Credit Unions Testify on Interchange Fees
Massachusetts banks and credit unions argued in support of interchange fees on credit card transactions to a state committee earlier this week.
Retired Bank CEO to Lead Suffolk Board of Trustees
The former CEO of Cape Cod 5 Bank was elected chair of Suffolk University’s board of trustees, the first woman to hold the position in the school’s 120-year history.
Site Sought for Modular Answer to Missing Middle Shortage
The leader of a Boston-based nonprofit envisions modular-built projects as a potential solution to the missing middle housing shortage, but there’s a catch: it will require a local landowner to provide a half-acre site at low cost to make the numbers work.
Personnel File: No. 446
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
MBTA Communities Act Spurs 520-Unit Red Line Project
The next suburban office to residential redevelopment could create 520 housing units near North Quincy station on the MBTA Red Line.
Bristol County Savings Bank Affiliate Surpasses $1B in Assets
An affiliate of Taunton-based Bristol County Savings Bank has surpassed $1 billion in assets, the bank announced at its annual meeting.
Trustee Says Developer Hid Assets in Bankruptcy Case
Developer Charles “Chip” Norton concealed assets and transferred millions of dollars to family members over a 2-year period, a trustee advising the U.S. Bankruptcy Court stated in a court filing.
Road, Rail, Housing Funds Packed Into New Transportation Law
Gov. Maura Healey signed a transportation bill Thursday that delivers $300 million in annual aid for municipal road and bridge work while authorizing another $1.1 billion in borrowing and creating $3.2 billion in new flexibility to borrow for projects approved in 2022.
StonehamBank Opens First Branch in 50 Years
StonehamBank is opening a branch at 25 Main Street in North Reading, the bank’s first new location since 1976.
Price Cuts Trending Upwards
Price cuts are becoming more common across the nation and Boston is no different, according to a new report from Realtor.com
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