New Healey Climate Bill Requires Flood Disclosures, Speeds Permitting
The $2.9 billion funding-and-policy “Mass Ready Act” bill is built around big infrastructure investments to defend against extreme weather.
Hood Park Expansion Promises Hotel, Electric Grid Upgrade
Owners of Charlestown’s 20-acre Hood Park are ready to take the next step in its transformation with plans for a 160-room hotel and 90-unit residential building.
Banks Open New Branches in Worcester Suburbs
Webster Five has opened a new branch at 400 Southbridge St. in Auburn, and Bay State Bank has a new branch in Shrewsbury’s White City Plaza, on the Boston Turnpike.
Legal Group Wants Probe of Boston ‘Hidden Real Estate Tax’
Boston has retaliated against commercial landlords that appeal their property tax assessments by imposing a surcharge, a legal aid group alleges.
Procopio Expands Third-Party Construction Gambit
Procopio Companies is ramping up its outside construction management services, in a strategic move that seeks to fill an overlooked niche in the multifamily development sector.
Longtime Eastern Bank Foundation Exec Steps Down
Eastern Bank has announced that Nancy Huntington Stager will be retiring from her role as president and CEO of its foundation on July 7 after 30 years at the bank in a range of roles.
Greylock Federal Credit Union Launches ADU Loan Product
Greylock Federal Credit Union has launched a new loan product for financing homeowners who want to add accessory dwelling units.
TA Realty Buys Revere Beach Apartments for $121.5M
An oceanfront apartment complex completed in 2021 on Revere Beach yielded $121.5 million for the original development team.
MBTA Communities Fight Lingers in Courts, on Beacon Hill
With several towns opting this week to finally get into compliance with the MBTA Communities housing law, some municipalities who claim the law asks too much of them are still looking to the courts and the Legislature for relief.
Personnel File – No. 409
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Construction Begins in North Attleborough Smart Growth District
Construction of a 304-unit apartment complex has begun in a North Attleborough neighborhood designated as a smart growth district.
State Fund Invests in 233-Unit Grafton TOD Project
With its latest $9 million investment in a project on the commuter rail, Massachusetts’ Momentum Fund is now more than halfway used up.
National Price Relief Not Trickling Down to Massachusetts
While homebuyers across the nation are receiving some relief when it comes to the prices of single-family homes, the same can’t be said for Massachusetts.
Avison Young Begins Leadership Search After Dolan Departs
Avison Young is seeking a new leader for its Boston office following the departure of John Dolan after two years as managing director.
Mass. Job Growth Stagnated Over Last Year
The unemployment rate in Massachusetts climbed once again in May, widening the gap between the state and the nation as a whole following a year of nearly flat job growth in the Bay State.
Taming Accelerating Housing Costs
Producing multifamily housing in the commonwealth continues to be a challenge. One of the obstacles to building the new housing we so desperately need has been a sharp increase in the cost of construction.
Sale Price Growth Slows Nationwide, While MA Continues to Climb
Just call it a tale of two real estate markets. Nationally, home prices have begun to level off and even decline in some markets – but here in Massachusetts, we continue to set new records, both statewide and in the perpetually overheated Greater Boston market.
Hot Property: The Retreat
Current and future tenants at 225 Franklin St. have a new, elevated escape from their desks following completion of The Retreat, the downtown Boston office tower’s signature indoor-outdoor amenity.
Level the Playing Field: Gateway Cities Need Permitting Reforms
Massachusetts’ 26 Gateway Cities are home to more than a quarter of our state’s population and represent some of our most promising opportunities for economic revitalization, yet they consistently struggle to compete with suburban and greenfield locations when it comes to attracting projects that could help transform their economies.
Low-Fee Brokers Look Increasingly Appealing
Selling your house doesn’t need to cost as much as most agents charge. How does 1 percent of the selling price grab you? Or a flat fee of around $500?
This Week’s Newspaper
