BPDA Approves Fenway Labs, Fast-Tracked Housing Project
Samuels & Assoc.’s next life science project in the Fenway will include a new neighborhood branch for the Boston Public Library and funding for a nearby affordable housing project.
North Shore Bank, Abington Bank to Merge
Hometown Financial Group is growing its eastern Massachusetts footprint as it announced a merger between Abington Bank and North Shore Bank on Thursday.
Medfield’s Bullard’s Green Acquired for $1.9M
A joint venture has purchased a 11,845-square-foot retail plaza at 1 Green St. in Medfield.
Shrewsbury Senior Housing Sold to REIT for $36M
A leading owner of senior living communities acquired...Zillow: Home Shopping Early May Pay Off
Zillow predicts another hot spring market this year, as well-priced homes are selling quickly and overpriced homes are seeing price cuts.
PNC Bank to Open Two New Branches in Boston Area
PNC Bank recently announced a $1 billion nationwide investment to open more than 100 branches and renovate over 1,200 existing branches through 2028, and Boston is getting two new branches from that plan.
Milton Vote Derails MBTA Communities Compliance
Milton voters rejected a rezoning plan that would have encouraged multifamily development, becoming the first Boston suburb to defy the state’s MBTA Communities law, which is designed to encourage housing production and ease Massachusetts’ affordability crisis.
Changes at Faneuil Hall Neighbor Begin with ‘Museum of Illusions’
The owner of a retail property next to Faneuil Hall Marketplace will add an interactive museum as its newest tenant, the first in a series of pending changes to the Boston tourism hub.
Former Insurer HQ Attracts Office, R&D Tenant
A former insurance company headquarters overlooking Route 128 attracted an office and R&D lease from an industrial sensor manufacturer.
Cambridge Savings Bank Names New President and CEO
Wayne Patenaude will step down as Cambridge Savings Bank’s president and chief executive officer on Feb. 28, and will be replaced by USAA executive Ryan A. Bailey.
Guv Hopes Milton Voters Say ‘Yes’ To Multifamily Zoning Plan
Milton voters will head to the polls a day later than originally planned for a referendum on whether to comply with a state zoning reform law, and Gov. Maura Healey hopes they’ll fill in the bubble for “yes.”
Optimal Blue: Boston-Area Mortgage Demand Started Year Strong
New mortgage application data is signaling homebuyers are reentering the market amid gradual decline in interest rates, setting the stage for another year that drives home prices up.
HBI Sells Mattapan Property to Urban Farm Institute
After restoring an 18th-century Mattapan farm, Historic Boston Inc. completed its sale to an urban farming organization.
UMass Boston, Three Others Join Mass Fintech Hub
UMass Boston, the University of Rhode Island, nonprofit engineering consultancy MITRE and fintech LoanSpark have joined Mass Fintech Hub to be a part of the financial technology community in the state.
Union Square Developer Pauses 1.6M SF Green R&D Project
At neighborhood meetings last fall, residents objected to Rafi Properties’ proposed building heights of up to 245 feet, plans for 1,252 parking spaces and loss of arts and cultural space.
Milton Zoning Vote Postponed Despite Snow Storm Fizzle
Milton residents were originally scheduled to hit the polls today to vote on overturning or keeping a transit-oriented zoning package approved by Town Meeting late last year.
Treasury Proposes New Anti-Money Laundering Rules for Investment Advisers
The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system.
Healey Aims to Tackle Transpo Financing ‘Head On’
While a new panel of government officials, business leaders transportation activists and commuters prepare for another round of investigation into how the state should fund roads and transit, Gov. Maura Healey will keep an open mind – including around the possibility of new or increased taxes.
Berkshire Bank Hires Former SVB Private Banker
Amid regional banks’ race to capture business among Boston’s affluent, Berkshire Bank has hired a former Silicon Valley Bank executive to boost its private banking business in the region.
Inflation Is Nearly Back to 2 Percent. So Why Isn’t the Fed Ready to Cut Rates?
From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers.
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