Amid Mergers, People’s United Income Grew $52.3M in 2019
Following a year that included the acquisitions of United Bank and Belmont Savings Bank, Bridgeport, Connecticut-based People’s United Bank reported net income for 2019 of $520.4 million.
BU Buys Comm. Ave. Building for $50M
A mixed-use building on Commonwealth Avenue in Brookline has sold for $50 million.
IT Firm Relocating to Trade Center 128
Information technology consultants iCorps Technologies has leased 5,000 square feet at Trade Center 128 in Woburn for its new headquarters.
Report: Boston Housing Values Grew $294B Since Recession
A new report shows just how much more valuable Greater Boston real estate has grown in the last decade.
Walsh Names Permanent BHA Chief
Boston’s Housing Authority will have a new leader as Mayor Marty Walsh’s administration embarks on a plan to pump significant new funding into housing over the next half-decade.
Campanelli-Trigate Buy Framingham Properties
Campanelli of Braintree and Trigate Capital have acquired a pair of office-retail buildings totaling 292,000 square feet in Framingham.
Lynch Asks for Leniency in Bribery Case
Former Boston city hall official John Lynch appealed for leniency as he faces sentencing Thursday for accepting a bribe to influence a zoning board of appeals vote.
Community Good Works
From personal donations to accident victims to sponsorships that will fund community-wide benefits, members of the banking and real estate communities gave back in many important ways in recent weeks.
New Housing Models OK’d in Allston and Fenway
A 278-bed co-living development in Allston and 451-unit private student housing complex in the Fenway moved a step closer to groundbreaking.
Successor to MBTA Control Board on Beacon Hill To-Do List
Preparing to sign off this summer after five years of overseeing the T, the Fiscal and Management Control Board urged lawmakers to act by mid-spring to put a successor organization in place.
Cornerstone Bank Plans for Loan Center in Westborough
Cornerstone Bank announced it plans to open a loan center at 45 Lyman St. in Westborough.
Gibson Sotheby’s Buys Benoit Mizner Simon
Gibson Sotheby’s International Realty announced further expansion into the Boston MetroWest residential real estate marketplace Friday with the acquisition of Benoit Mizner Simon & Co.
Data Company Opens Seaport Offices
Location data provider Skyhook has opened a new 7,469-square-foot headquarters at 12 Thompson Place in Boston’s Seaport District.
Secretary Sees ‘Big Push’ in State House for Guv’s Housing Bill
Housing and Economic Development Secretary Mike Kennealy declined to give a preview Thursday of what Gov. Charlie Baker might say next week in his annual address to the legislature, but it would come as no surprise if the governor tried to nudge legislators to act on his housing production bill.
Southfield Picks New Master Developer
A partnership between Brookfield Properties, Boston-based New England Development and Pinehills Managing Partner Tony Green will lead the latest attempt to redevelop the 1,450-acre Southfield parcel on the South Shore.
WooSox Stadium Get Support Even as Costs Grow
With construction costs at the new Worcester Red Sox stadium and its surrounding six-building redevelopment project rising, City Manager Ed Augustus is asking for the city to OK tweaks to the public financing package.
Copley Square Offices Sold for $128M
A Back Bay office building that’s 98 percent leased to 38 companies has been acquired by a joint venture of Investcorp and Brickman for $128 million.
Workers CU Operations Center to Stay in Downtown Fitchburg
Workers Credit Union may be moving its headquarters staff to a new, expanded facility in Littleton this summer, but its main operations center will remain in the old head office in downtown Fitchburg.
Expansion Will Make D Street ‘Center of Gravity’ At BCEC
In addition to a planned $500 million expansion at the Boston Convention and Exhibition Center, officials are planning at least four other requests to find developers interested in putting hotels, parking or both on MCCA-owned land around the BCEC.
DeLeo: Transpo Debate Must Come Before Budget
With no clear consensus on Beacon Hill for how to generate new money for transportation, House Speaker Robert DeLeo forcefully recommitted himself on Wednesday to holding a vote on a revenue package in the coming months, even as he continues to seek input from members and outside groups.
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