MassDOT Secretary Fiandaca Leaving After Eight Months
Gov. Maura Healey’s top transportation official is stepping down in two weeks, being replaced on a temporary basis by her deputy.
Personnel File – No. 343
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Bigger Role For Police in Wu’s New Mass. and Cass Plan
Boston police would be granted the ability to take down tents at Mass. and Cass., under Mayor Michelle Wu’s plans for a new approach to address the homeless encampments in an area that’s the center of the state’s opioid epidemic.
Berkshire Bank Announces Another First Republic Hire
Boston-based Berkshire Bank has acquired yet another former First Republic staffer, part of a campaign the bank said aims to produce more deposits for the bank over the long term.
Critics Dismiss PLAN: Downtown as ‘Spot Zoning’
Proposed new downtown Boston zoning drew critiques as a developer-driven plan that allows excessive building heights and puts historical properties at risk.
Time for Investors to Bail on Housing Market?
Small-time investors who flocked to the housing market in recent years have done well. But it’s now time to sell, said one of the nation’s top housing economists.
Community Good Works
Brockton-based HarborOne Bank gave $25,000 to the Boys & Girls Club of Providence to renovate and expand the nonprofit’s Wanskuck Clubhouse. See who else gave back.
Brookline Bank Provides $1M Credit Line to MCCI for Small Biz Loan Program
Boston-based Brookline Bank has provided a $1 million line of credit to Mill Cities Community Investments that will fund the latter’s small business lending program.
Landmark Status Approved for Hotel Targeted for Lab Project
A Kenmore Square hotel was granted Boston landmark status in a vote that could limit a developer’s attempt to build a life science complex on the Beacon Street property.
New Red Line Train Delivery Dates Remain Work in Progress
The Chinese firm responsible for building new MBTA trains is still crafting an updated schedule for the project after multiple delays, and T officials appear pleased with how well the vehicles have been performing lately.
Chelmsford Mill Complex Sold to Hudson Developer
The new owner of a Chelmsford mill complex plans to add new food and beverage tenants after acquiring the three-building property for $14.85 million.
Powell at Jackson Hole: Economy Could Require More Fed Hikes
The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook.
Mortgage Rates Hit New 22-Year High
The average long-term mortgage rate climbed further above 7 percent this week to its highest level since 2001, another blow to would-be homebuyers.
PLAN: Downtown Seeks to Simplify Development Rules
The study recommendations offer “consistent and fair baseline and bonus heights” for new projects, the draft plan states, replacing a mishmash of more than 20 height limits.
S&P Lowers KeyBank’s Credit Rating on ‘Constrained Profitability’
KeyBank’s credit rating was downgraded by Standard & Poors, from BBB+ to BBB, citing “constrained profitability” amid higher interest rates.
T Will Close Part of Red Line for Repairs in October
Dorchester’s mass transit backbone, the Ashmont Branch of the MBTA’s Red Line, will close for over two weeks in October as the transit agency struggles to contain deteriorating track conditions.
Survey: US Bank Executives Expect to Pay More to Keep Deposits
An S&P survey says bank executives are getting less optimistic as they expect to pay more to continue keeping deposits and to rely more on deposit rate specials.
591-Unit Development Proposed on Everett Riverfront
A developer active in Everett multifamily projects is proposing a 591-unit apartment complex on a 25-acre site once occupied by a General Electric factory.
Dorchester Housing Framed as Chapter in U.S. Energy Story
The head of the U.S. Environmental Protection Agency on Wednesday visited a Dorchester housing complex slated to make the switch to cleaner energy to highlight it as one anecdote in the “national story” of how the United States is preparing to deal with effects of a changing climate.
Will Fed Keep Rates Higher, Longer? Powell Speech Could Give Hints
On Friday, Fed Chair Jerome Powell’s keynote speech at this year’s Jackson Hole conference will be scrutinized for any hints that the Fed intends to keep borrowing rates high for a prolonged period.
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