Events Equipment Vendor Expands at Marcus Partners Development
A Canton-based company that specializes in corporate events and concerts will occupy a new industrial development under construction in West Bridgewater.
Will a Fed Rate-Hike Pause Last? Key Committee Appears Divided
When the Federal Reserve meets next week, it is widely expected to leave interest rates alone – after 10 straight meetings in which it has jacked up its key rate to fight inflation.
Assembly Square Apartments Sold for $188M
Chicago-based real estate investor Mesirow paid $188 million for a 329-unit apartment complex located next to a growing life science cluster in Somerville’s Assembly Square.
Report: Many Mass. Towns Flout CPA’s Housing Requirements
While Beacon Hill searches for solutions to the serious housing shortage that fuels affordability concerns in Massachusetts, a real estate industry organization wants to see the Community Preservation Act program retrofitted to put a greater emphasis on housing production.
BayCoast Bank Buys Insurance Agency
E.P. Tremblay and Sons Insurance Agency started operating under the BayCoast Insurance banner on May 31, the Swansea-based bank said in a statement.
Cruz Development Buys New Bedford Property for Mixed-Income Housing
A state-owned former home for children will be converted into mixed-income housing following its acquisition by Boston-based Cruz Development Corp.
Holocaust Museum Unveils Design for Tremont Street Property
A future stop on Boston’s Freedom Trail will serve as a cautionary reminder of the historical forces that led to the Holocaust.
Cambridge Trust Hires New Head of Wealth Management
A senior vice president at Rockland Trust’s Investment Management Group has jumped ship to head up Cambridge Trust Co.’s wealth management unit.
‘On the Dot’ Project Expands to 3.8M SF
The latest development plans for a section of South Boston’s Dorchester Avenue once sought for an Amazon distribution center would begin with a 328,000-square-foot residential tower near the MBTA’s Andrew station.
Country Bank Marketing Campaign Wins Award
Ware-based Country Bank was honored for its 2022 rebrand by the New England Financial Marketing Association.
Mass. Businesses Turn Pessimistic, First Time Since 2020
Confidence levels among Massachusetts employers dipped back into pessimistic territory in May for the first time in more than two years.
Personnel File – No. 335
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest issue of Banker & Tradesman’s Personnel File.
RISE Plans Movie Studios in Braintree Development
Sound stages and production facilities for the TV and movie industries are planned for the first phase of development at Banner Park in Braintree.
Finalized Merger Makes New Top-Five CU in Mass.
After finalizing its merger with Waltham-based RTN Federal Credit Union on Thursday, Merrimack Valley Credit Union is now one of the state’s five largest credit unions.
MBTA Bosses Say to Expect ‘Incremental’ Improvements in ’23
People will see a “different T one year from now,” but T board chair Tom Glynn and General Manager Phil Eng indicated the public won’t see a difference in just two months’ time.
In Crisis, Payment Apps Like Venmo Could Be Vulnerable, CFPB Warns
Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds might not be safe during a crisis, the Consumer Financial Protection Bureau warned Thursday.
New Construction Rules Take Effect in Boston
Construction and demolition projects in Boston will be required to include more safety training under a new ordinance signed Thursday by Mayor Michelle Wu that gives city inspectors additional enforcement powers.
Community Good Works
Fall River-based BankFive announced the first annual recipient of money from its President’s Scholarship Fund: a $40,000 scholarship for a local high school senior. See who else gave back.
Wegmans to Close Natick Mall Store Because of Slow Business
The Wegmans supermarket chain is closing one of its largest and most unusual stores because it has not attracted enough business, the company said.
Chase Bank Bug Causes Double Transactions, Fees
Customers of Chase’s online banking services were seeing double transactions, fees and/or payments in their accounts, with the situation not immediately being resolved as of late morning on Friday.
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