Fed Minutes: Officials Signal Cautious Approach to Rates
Such cautious views are generally seen as evidence that the Fed isn’t necessarily inclined to raise rates in the near future. Their next meeting is in three weeks.
GLX Tracks Were Widened in Wee Hours
The MBTA resumed running trains on the Green Line Extension at full speed on Tuesday following a string of overnight maintenance efforts that involved physically pushing the tracks apart to let trains move faster than a walking pace.
Wu Claims Some in City’s CRE Sector Back Transfer Tax
Despite vociferous opposition to the idea from trade groups, Boston Mayor Michelle Wu told a Beacon Hill committee Wednesday that many in the real estate community actually support her proposed transfer tax on property sales over $2 million.
Bulfinch Scraps Natick Labs for Pickleball Club
As developers rethink plans for additional life science projects, Bulfinch Cos. will swap out a planned lab conversion on hold at the Natick Mall in favor of a pickleball complex.
Lab Market Takes Another Step Back in Q3
Double-digit availability rates are the new norm for lab space in Greater Boston, with only the industry hub of East Cambridge avoiding the full force of the market downturn.
FTC Proposes Ban on ‘Junk Fees,’ Coupled with CFPB Action
The proposal is being coupled with the CFPB announcing that it will block large banks from charging “junk fees” to provide basic customer services.
Policymakers Set Sights on Construction Carbon
Since New York last month became the first state in the nation to limit concrete in state-funded building and transportation projects, some on Beacon Hill think it’s time for Massachusetts to take on “embodied carbon” initiatives.
BayCoast Bank General Counsel Lands ABA Award
The top legal adviser at Swansea-based BayCoast Bank has been honored as an “emerging leader” by the American Bankers Association.
Anywhere, RE/MAX to Let Agents Leave NAR
Two of the biggest brokerages in the country will no longer require their agents to be members of the National Association of Realtors following settlements they signed in a pair of lawsuits challenging broker commission and MLS access rules.
Pennrose Breaks Ground on Wareham Housing Project
Pennrose’s newest Massachusetts development will create 93 apartments in a mixed-income community rising on a long-vacant Wareham property.
Berkshire Bank Launches Down Payment Assistance Program
Berkshire Bank announced last week it had started a down payment assistance program for first-time homebuyers struggling to overcome the region’s high home prices and high interest rates that look set to continue for some time.
ABA: Bank Economists Expect Credit Quality, Availability to Weaken
Bank economists see both credit quality and credit availability weakening over the fourth quarter of this year and the first quarter of 2023 as consumers and businesses find it hard to keep up with the current market conditions.
State Tax Collections Barely Up Through One Quarter
State tax revenues came in below benchmark again last month, the Department of Revenue announced this week, leaving the state $170 million short of where it expected to be one quarter into fiscal year 2024.
Construction Firm Expands After Refreshing Waltham Offices
After refreshing a 1970s office building, DPR Construction has completed its move into a new Waltham headquarters to accommodate its 200-employee workforce.
Hanover North Cambridge Trades for $182M
An apartment complex completed in 2022 near the MBTA’s Alewife Station was acquired by an institutional investor for $182 million.
Children’s Hospital Buys Fenway Lab Space for $172.5M
Boston Children’s Hospital has closed on its $172.5 million acquisition of a portion of a new life science tower to be developed in Boston’s Fenway neighborhood.
Rising Long-Term Interest Rates Pose Latest Threat to Economic ‘Soft Landing’
Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession.
FoxRock Refinances Quincy Office Building for $27M
Quincy-based commercial real estate company FoxRock Properties recently refinanced a North Quincy office building for $27 million.
BXP Proposes 1M SF Suburban Development
Boston Properties is moving ahead with the full buildout of the 94-acre former Polaroid campus in Waltham, a 1-million-square-foot office-lab project that would be accompanied with an extensive series of roadway changes at Route 128.
No Answers from Healey on GLX Track Woes
Gov. Maura Healey called a dramatic slowdown of the Green Line Extension “incredibly frustrating,” but declined to provide any details about how the nearly brand-new tracks fell into such poor condition so quickly.
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