WS Adding Coworking at Legacy Place
A 400-seat coworking center including 100 private offices will give Industrious its first suburban Boston location.
Fed Approves M&T Bank, People’s United Deal
More than a year after announcing plans to acquire Connecticut-based People’s United Bank, Buffalo-based M&T bank has received the final regulatory approval needed to complete the merger.
Shopping Center Sold for $12M to Southborough Developer
A Southborough real estate developer paid $12.35 million for its first Rhode Island acquisition in the 160,000-square-foot Warwick Center property.
New Lodge Raises Berkshires Resort’s Off-Season Energy
Completion of a new 17,000-square-foot lodge at the Bousquet Mountain ski resort will enable the new ownership team to expand its off-season music and event schedule.
Personnel File – No. 276
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Cape Cod Couple Pleads Guilty to Mortgage Fraud
A disbarred Massachusetts attorney and his wife have pleaded guilty to running multiple mortgage fraud schemes, federal prosecutors said.
State-Leased Office Building Attracts 1031 Buyer
A state-leased office building completed in 2020 in Burlington traded for $14.3 million as part of a 1031 exchange.
Crumbling Foundation Response in the Works
Lawmakers are actively working on legislation to address foundations beneath homes in central Massachusetts that are crumbling due to contaminated concrete sourced from a Connecticut quarry, a state senator says.
Former Nantucket Bank Employee Sentenced for Fraud
A former Nantucket Bank employee has been sentenced for her role in two fraud conspiracies.
People’s United Settles Employees’ Discrimination Lawsuit
Bridgeport, Connecticut-based People’s United Bank has agreed to settle an employee lawsuit that had alleged a wide range of discriminatory actions against executives in the bank’s Massachusetts market.
Fallon Eyes Charlestown Parcels for 812K SF Lab Development
The Fallon Co. is the latest major developer planning to build office and research space in one of Boston’s fastest-transitioning neighborhoods.
Community Good Works
From food pantries to future coders, banks and a real estate brokerage helped out their neighbors in many ways in recent weeks.
Marine Park Transition Continues with Parcel X Plans
Developer Marcus Partners submitted plans for a new 742,000-square-foot office-lab complex on parcel X in Boston’s Raymond L. Flynn Marine Park as seafood processors currently located on the property prepare to relocate to the nearby Massport Marine Terminal.
Fed’s Powell: Russia’s War on Ukraine Will Worsen Inflation
Federal Reserve Chair Jerome Powell warned Congress Thursday that Russia’s invasion of Ukraine, which has already driven up oil prices, will likely further magnify the high inflation that has engulfed the U.S. economy.
Baker Dings Boston Transfer Tax Proposal, Riling Debate
A day before Boston Mayor Michelle Wu plans to sign a petition that would add a new tax on real estate sales of $2 million or more in her city to fund affordable housing, Gov. Charlie Baker said he generally does not “support these sorts of things.”
One Congress Close to Landing Second Big Tenant
A lease by a second major tenant could fill up the 1 million-square-foot One Congress office tower at Boston’s Government Center well before its scheduled completion in January.
Raffles Pre-Sales Brisk Amid Downtown Condo Recovery
Back Bay’s newest high-end residential tower passes a construction milestone this week as Boston condo sales accelerate.
Boston Councilors Back Transfer Tax
Boston city councilors have backed Mayor Michelle Wu’s proposal for a real estate sales tax on expensive properties. The measure now heads to Beacon Hill where state legislators must approve it before it can become law.
Key Senators Knock Baker’s Stretch Energy Code Plan
As the Department of Energy Resources launches hearings on its straw proposal for a stretch code update and a new municipal opt-in specialized stretch code, two key senators made clear to Commissioner Patrick Woodcock that they expect “substantial revisions” to the proposals before they take effect later this year.
Powell Expects Quarter-Point Rate Hike this Month
Fed Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate, but opened the door to a bigger hike in the event that inflation doesn’t noticeably decline this year.
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