Vineyard Affordable Housing Gets $31M Construction Loan
Rockland Trust provided a $31 million construction loan for what’s being billed as the largest year-round affordable housing development on Martha’s Vineyard.
Modular Builder Reframe Raises $20M to Scale ADU ‘Microfactories’
Andover-based housing startup Reframe Systems announced Tuesday that it’s raised $20 million to built a series of “microfactories” to crank out modular buildings like ADUs and three-deckers.
Boston Launches Pilot to Help Seniors Stay in Homes
Boston Mayor Michelle Wu announced Monday her administration is putting $200,000 into a new pilot program called SHORE-UP aimed at helping seniors stay in their homes long enough to access affordable housing units.
Springfield Was the Hottest Market in Nation in July
The Springfield, Massachusetts area was the hottest housing market in the nation in July, according to Realtor.com.
Mill Creek Pitches 321 Units Near Quincy Red Line Stop
An affiliate of Florida-based multifamily giant Mill Creek Residential has filed plans for a new, large apartment building in northern Quincy.
Judge Rules BlueHub Broke Mass. Consumer Laws
A state Superior Court judge has ruled that Boston-based BlueHub Capital violated Massachusetts’ predatory lending statutes and other consumer protection laws.
Berkshire, Brookline Given Go-Ahead to Merge
Berkshire Bank and the multi-bank parent company for Brookline Bank announced they have received all required regulatory approvals to complete their $1.1 billion proposed merger.
Boston’s Lab Market Faced Glut of Space. Now It’s Got a Shrinking Tenant Pool, Too
An annual state-of-the-industry report by Massachusetts’ main biotech trade group is full of unwelcome news to developers, investors and lenders exposed to the state’s life science real estate market.
Brighton Apartments Open, with Two Month’s Free Rent on ‘Select Units’
Brighton’s newest multifamily rental property has opened its doors in time for the all-important Sept. 1 move-in date, and some of its new residents could get lucky.
Tax Change Lifts Plans for “Hyperscale” Data Center Campus in Westfield
Developers in the coming months could break ground on a western Massachusetts data center campus where investments could total $4 billion, a project buoyed by a new state tax incentive.
Gen-Z Struggling to Afford Housing Payments
Seven in 10 Gen Z and Millennial renters struggle to afford their regular housing payments, as do 41 percent of homeowners in that age group, according to a new report from Redfin.
Boston’s Wealthy Are Clustering, New Report Says
A new report from Boston Indicators has found that Greater Boston neighborhoods increasingly divide into a world of haves and have-nots, even as it’s somewhat less segregated by race.
Personnel File – No. 417
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
State’s Top Taxman Dismisses Tower Tax Retaliation Claims
State Revenue Commissioner Geoffrey Snyder said he can’t “substantiate” claims that Boston raised taxes on tower owners who challenged their valuations. A lawsuit could be next.
Banks, Private CRE Lenders Eye Busy Fall
Expected Federal Reserve interest rate cuts have local bankers looking for ways to shave basis points off commercial real estate loan rates – and private lenders planning to defend market positions
How New Projects Are Responding to Climate Concerns in Boston
Like other waterfront cities, Boston faces existential risk from climate change – not just rising sea levels, but also sudden rainstorms and extreme temperatures.
Buildings Play a Key Role in Massachusetts’ Energy Future
If we want to maintain momentum on climate goals, we must be strategic in how and when building performance is integrated into the construction process.
Hot Property: Brimmer & May
A new recreation and wellness center at Newton’s Brimmer and May School includes a high school basketball court with capacity for 300 spectators and four classrooms for an extended day program.
SJC Limits Landlords’ Use of Security Deposits
When one of its tenants vacated her apartment without using professional cleaning services, a landlord deducted $115 from her security deposit. It could face a class-action lawsuit.
Keeping Branches Relevant
As Citizens’ head of retail transformation, Karen Swiatocha plays a key role in the bank’s branch strategy. The bank recently opened its latest Massachusetts branch in Brockton.
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