Attleboro Power Center Trades for $71M
A power center situated next to a highway interchange in Attleboro has traded hands for $12.55 million premium on what the seller paid in 2019.
BPDA OKs Ambitious Charlestown Growth Plans
Boston planning officials gave their OK to a major rezoning of Charlestown’s industrial areas Thursday night, the penultimate step in paving the way for major commercial and residential growth around the neighborhood’s subway stops.
S&P Sees Lower Bank Margins Ahead as High Deposit Costs Persist
U.S. banks increased deposit costs in the second quarter to protect core funding and have seen slowed deposit outflows, but that “defensive posture” and its lower net interest margins are likely to continue in the coming years
Frustration Grows with MBTA and Its “Unusual” Issues
MBTA officials shed little new light Thursday on the “unusual” rail problems that have slowed the nearly brand-new Green Line Extension almost to a halt, while a growing tide of public frustration is taking aim at Gov. Maura Healey and her hand-picked deputies.
Newton Scales Back Transit Zoning Plans
The latest version of Newton’s upzoning plan shrinks the size of buildings and the number of parcels where new housing will be allowed. But officials still think the plan can pass muster under the state’s MBTA Communities zoning reform law.
Cornerstone Bank Opens First ITM in Worcester
Cornerstone Bank has opened its first interactive teller machine, or video teller-assisted ATM, in Worcester, which is a first of many, a bank executive said.
Cape Cod 5 CEO: ‘Smaller Banks Need to Scale to Survive’
As he looks forward to the bank completing its merger with Fidelity Bank, Cape Cod 5 CEO Matthew Burke thinks it is essential for smaller banks to look at mergers and partnerships to survive the pressures of a high-interest rate economy.
Mission Hill Development Seeks to Swap Offices for Housing
A multi-phase Mission Hill development could see a planned office building swapped out for more affordable housing under plans submitted to Boston officials last week.
Marijuana Banking Bill Wins Support of U.S. Senate Committee
A key U.S. Senate committee advanced legislation Wednesday that would write current regulatory policy into law that allows banks and credit unions to serve cannabis businesses and their workers in states where cannabis is legal.
Convention Center Parcels Re-Do Attract Same Developers
A re-run of an RFP process for a clutch of parking lots next to the Boston Convention and Exhibition Center in South Boston didn’t produce any additional bids, but Boston Global Investors and Cronin Group don’t appear to have scaled back their ambitions for the 6-acre site.
House, Senate Dems Agree on More Than $1B in Tax Relief
Massachusetts lawmakers unveiled a tax relief package Tuesday aimed at delivering $561 million in reductions to taxpayers and companies during the current fiscal year through a slew of tax credits and other steps aimed at lowering tax burdens.
Feds Choose Greater Boston as Biomedical Research Hub
The Biden administration “planted its flag here in Massachusetts,” Gov. Maura Healey said Tuesday, by agreeing after a competitive process to create a biomedical and health hub in Greater Boston through the federal Advanced Research Projects Agency for Health, or ARPA-H.
JPMorgan, Cambridge Savings Vault into Ranks of Top Deposit-Holders
Seven out of the top 10 banks in terms of deposits gathered in Massachusetts saw declines in deposits as of the end of June according to FDIC data released this week.
Boston’s Newest Bus Lanes Already Saving Riders Time
Bus lanes the city of Boston installed on Huntington Avenue last fall are saving riders on two busy MBTA bus lines 125 hours a week and making the two lines significantly more reliable, the T said.
Charlestown Lab Development Could Share Parking with Other Projects
Fallon Co. has filed updates to its proposed 812,000-square-foot life science research and development building in Charlestown’s Sullivan Square that include a pledge to explore sharing the project’s parking with future developments nearby.
Developer Seeks to Triple Size of Worcester Biomanufacturing Facility
Worcester’s biggest life sciences development site could get a lot bigger thanks to a proposal the city’s Planning Board is expected to consider next month.
Homeowners Face Rising Insurance Rates as Climate Change Makes Disasters More Common
A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says.
Wu: Widett Circle Recovery Campus Idea Not ‘Feasible’
Boston Mayor Michelle Wu was cool Monday to the idea that Widett Circle could be used as a recovery campus to help address persistent drug use and homelessness in the nearby “Mass & Cass” area.
Personnel File – No. 346
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Healey Admin. Plans Vacant-Housing Blitz
Following a wide-ranging investigation by WBUR and Pro Publica that found the state’s housing authorities had around 2,300 vacant, state-subsidized affordable apartments, the Healey administration announced it’s launching a “90-day push” to get tenants into empty units.
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