Community Good Works
Rhode Island-based Citizens Bank donated $85,000 to the Greater Boston YMCA at a charity pickleball tournament it helped organize at the Boston Convention and Exhibition Center’s Lawn on D park. See who else gave back.
Cruz Construction Sues Beacon Communities Alleging Racist Treatment
One of Boston’s most prominent, Black-owned construction companies has accused a well-known affordable housing developer of unfairly dismissing it from a public housing renovation project in Boston.
Mass. Workforce Housing Portfolio Sells for $372M
A Salt Lake City real estate investor closed on a 1,722-unit portfolio of Massachusetts apartment complexes in a series of transactions totaling $372 million.
MIT Unveils Designs for Gateway to Volpe Property
The next office-lab building in Massachusetts Institute of Technology’s Volpe Center redevelopment will occupy a prominent corner in Kendall Square, bringing new retailers and a 1-acre park to a site long closed off to the public.
Investor Breaks the Ice with Downtown Office Buy
A Miami-based real estate investor made the first plunge into Boston’s chilly office investment sales market since early 2022 with the $41 million acquisition of a Financial District property.
New Bedford Brokerage Acquired by Robert Paul Properties
Berkshire Hathaway HomeServices Robert Paul Properties has bought a fellow BHHS affiliate serving the South Coast.
KeyBank Reaches $1M in Funding Special Purpose Credit Program
KeyBank, an Ohio-based regional bank with a presence in Massachusetts and Connecticut, reported it funded more than $1 million for its special purpose credit program for homebuyers.
Richards Joins JLL Life Science Team
As brokerages compete for a share of shrinking demand for life science space, JLL Boston boosted its life science brokerage team with the addition of a top Cushman & Wakefield executive.
Expecting Growth, Numerated Moves to a Bigger Boston Office
Fintech firm Numerated is moving to a larger office in downtown Boston, expecting more growth in commercial lending at the banks and credit unions it helps underwrite business loans.
Cape Lawmakers Make Pitch for Commuter Rail Service
Around 50 percent of the Cape and Islands’ workers travel over the bridges to come to work, Rep. Dylan Fernandes said: “Anything we can do to have fewer cars on the Cape gives residents more transportation options to choose from.”
Commercial Site Near Tufts Pitched for Lab Development
A shovel-ready life science development site is being offered for sale following recent rezoning designed to enlarge Medford’s life science industry cluster.
Mass. Brokerage Leaders Respond to NAR Harassment Investigation
Two prominent Massachusetts real estate industry leaders are speaking out in the wake of explosive allegations against 2023 National Association of Realtors President Kenny Parcell.
Developer Abandons South Shore Plaza Housing Proposal
A multifamily developer dropped plans for housing at Braintree’s South Shore Plaza amid political and neighborhood opposition.
With No Tax Relief in Sight, Biz Groups Worried About ‘Complacent’ Approach
Some of the powerful players in Massachusetts’ business community are getting impatient for long-promised, and long-delayed, tax relief as August stretches on without action.
New Owner Sought for Matignon Campus in Cambridge
Educational institutions and private developers are expected to be among the bidders on the Matignon High School property in Cambridge.
Regulators Propose Stricter Debt Rules and ‘Living Wills’ for Regional Banks
Smaller regional banks like Berkshire, Eastern and Rockland Trust won’t be covered, but their big competitors like M&T and Citizens will.
Duxbury Retreat Center Attracts Wide Interest from Developers
Housing developers and conference center operators are lining up to bid on a 30-acre Duxbury property that’s been listed for sale for the first time since the 1940s.
Housing Proposed at South Boston Industrial Property
A developer proposes more housing in a section of South Boston undergoing widespread conversions of industrial properties to higher-income-generating uses.
NAR President Quits After Explosive Sexual Harassment Investigation
Kenny Parcell has resigned his post after 19 NAR staffers and members accused him of sexual harassment in an investigation published Saturday.
Temporary Lynn Train Station Construction to Start Sept. 9
A year after MBTA officials closed the Lynn commuter rail station without a plan for a temporary station in place, construction is due to start on platforms that will resume rail service to the city.
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