T Diversions Could Cut Some Roadway Capacity in Half
Roadway traffic will be “severe” for the duration of a 30-day Orange Line shutdown and effects could begin to pop up as soon as Monday, state officials said this morning.
Everett Bank Adds to Multifamily Loan Portfolio in Lead-Up to IPO
Everett Bank saw its multifamily real estate loans increase by nearly 80 percent during the first six months of 2022, the bank’s final quarters before converting to a stock bank.
MetroWest Portfolio Gets $96M in Financing
The owner of a warehouse in the Interstate 495 Corridor has received a construction loan for a new property and refinanced its existing warehouse next door.
Two Berkshires Hotels Sell
A two-hotel portfolio totaling 171 keys in Lenox has sold to a new owner in a $38 million deal.
Personnel File – No. 299
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
BPDA OKs 93 Condos, 43 Apartments
Four new multifamily projects advanced at the Boston Planning & Development Agency board of directors’ August meeting Thursday evening.
FDIC to Increase Scrutiny of Banks’ CRE Lending
With banks holding record volumes of commercial real estate loans, the FDIC plans to increase its focus on CRE transaction testing during its next cycle of bank examinations.
Eastern’s Insurance Division Makes Another Acquisition
Eastern Bank’s insurance division has made its second acquisition this year and its 36th acquisition over the past 20 years.
Boston, Worcester Markets Stay Competitive as Bidding Wars Taper Off
A new report from brokerage and listings portal Redfin suggests homebuyer competition took a nosedive in Greater Boston between June and July – but it’s still stronger than in many metros.
MBTA Inches Closer To Plan On Orange Line Alternatives
Tens of thousands of Boston-area commuters who will have their trips upended for a month by an imminent MBTA shutdown could get a clearer look at available travel alternatives on Friday.
Boston’s Newbury Street Will Close to Cars Weekly
Boston’s biggest shopping street will be closed to cars every Sunday through the end of September in a dramatic move city leaders say will draw more foot traffic to stores and restaurants.
Baker Signs Gas Ban Pilot into Law
Gov. Charlie Baker has signed a major climate bill into law, despite “agita” a controversial section gave him.
Boston Asks Developers to Disclose WMBE Participation
Developers of large projects proposed in Boston will be asked to disclose their plans to ensure project teams are diverse, Mayor Michelle Wu announced Thursday morning.
Boston Man Sentenced for Bank Fraud
A Boston man was sentenced to more than two years in prison for his role in online fraud schemes that involved opening at least 16 bank accounts at seven banks.
Cape Cod 5 to Expand in Plymouth
Hyannis-based Cape Cod 5 plans to expand further in Southeastern Massachusetts with two branches in Plymouth.
Baker Seeks Order for Battery Electrification of Commuter Trains
Gov. Charlie Baker is asking the state legislature to direct the T to pursue a new technology to electrify the MBTA’s commuter rail system.
Explainer: Mixed US Inflation Signs. Where Are Prices Going?
With gas prices continuing to fall, inflation is probably slowing further this month. So has the worst bout of inflation in four decades possibly peaked?
Jack Henry to Acquire Payrailz
Core technology provider Jack Henry & Assoc. plans to acquire Connecticut-based Payrailz, a digital payments company used by several Massachusetts lenders.
New Brighton Apartment Complex Sold for $145M
A private equity firm has paid $145 million to acquire a newly-completed apartment complex on Soldiers Field Road in Brighton.
Jumbo Capital Sells Lowell Property After Lease Extension
Quincy-based Jumbo Capital has sold an office-lab property in Lowell to Rhino Capital for $12.4 million after extending a full-building lease with the existing credit tenant.
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