$360M, 11-Property Industrial Portfolio Hits the Market
A 3.6 million-square-foot portfolio of industrial properties is hitting the market in the Boston area.
Former Blue Hills Bank Officer Sentenced to 4 Months in Prison
A former bank officer with Blue Hills Bank was sentenced yesterday to four months in prison for illegally participating in a loan with a financial institution.
Additional Charge for Former Springfield Golf Pro, Homebuilder
A former Springfield golf course manager who was indicted last month on charges of stealing money from municipal courses and using the funds to build houses has been indicted on another charge of making false statements to a bank to conceal a cash down payment.
Suit Alleges Excessive Enforcement of Housing Authority Law
Seven local housing authorities suing the DHCD for what some are describing as an “overreaction” to an almost decade-old scandal at the Chelsea Housing Authority that is causing experienced staff to retire early.
MassDOT Real Estate Management Lacking, Audit Finds
MassDOT does a poor job of managing its extensive real estate assets, including leasing and sales operations, and must hire many key staff to improve its efforts, an audit found.
Most Small Businesses Expect to Hire in 2020, Survey Finds
About three-quarters of U.S. small and midsize companies are optimistic about their own performance, and the majority expect to grow sales this year, according to the annual JPMorgan Chase Business Leaders Outlook released this week.
All-Woman Consigli Team Kicks Off Worcester YWCA Upgrades
A $24 million renovation YWCA-Central Massachusetts in Worcester will be led by an all-female team from Consigli Construction under terms of the city’s first community benefits agreement.
Boston Effective Rents Jump Again, to $2.3K
Boston-area renters are now paying an average of $2,349 per month for their apartments, making the region the fourth-most-expensive rental market in the country.
Higher and More Tolls Should Be Part of Revenue Bill, Advocates Argue
House leaders have offered few details about what they plan to include in a transportation revenue package targeted for release this month, but two advocates said Wednesday that toll increases and expansions should be a critical of the strategy.
Lawmakers Push for Transfer Taxes to Fund Affordable Housing
Progressive lawmakers, advocates and local officials gathered Wednesday to promote a bill they said would give cities and towns a new tool to fight the state’s housing crisis – an option to impose a new fee on real estate transactions above the median home sale price.
Blackstone Buys Historic Office Property for $156M
Private equity investor Blackstone has acquired a historic office property overlooking the Rose Fitzgerald Kennedy Greenway for $155.65 million.
Walsh Seeks $500M for Housing Production Ramp-Up
Spotlighting housing costs as the biggest economic challenge facing Bostonians, Mayor Marty Walsh said he’ll push for a $500 million commitment toward housing.
President of Chicopee Business Sentenced in $4M Loan Scheme
The president of a Chicopee-based manufacturing business was sentenced to one day in prison and a year of home confinement for a bank fraud scheme connected to a multimillion-dollar loan package.
Painters’ Union Calls for Boycott of ‘Uber for Painting’
Saying the company represents a threat to workers’ welfare, the International Union of Painters and Allied Trades has called for a boycott of a major paint company that also operates an on-demand painting scheduling service.
WGBH Plants Flag in Downtown Worcester
WGBH will expand its coverage of central Massachusetts with the opening of a new bureau in the former Worcester Telegram & Gazette headquarters this spring.
MBTA Starting to Return Orange Line Cars to Service
Seven weeks after the MBTA pulled its new Orange Line trains from the tracks to deal with a mechanical issue, the first set returned to passenger service Tuesday as T officials hinted further disruptions may come as the updated fleet rolls out.
Poll: Should Towns Ban Natural Gas in New Construction?
Brookline banned natural gas hookups for new construction and major rehabs last month, citing the need to dramatically cut the town’s carbon emissions, potentially setting off the next fad in local efforts to fight climate change. But is it a good idea?
Somerville Mayor Fed Up With Pace on Housing Construction
Pointing to a “housing crisis that has put all of greater Boston in jeopardy,” Somerville’s mayor on Monday night called for lawmakers to take swift action, including legalizing rent control.
Roxbury Luxury Apartments Land $11.4M Financing
A 45-unit luxury apartment project planned for the heart of Boston’s Roxbury neighborhood has acquired construction financing.
Leominster Mall Sold for $16M
Augusta, Georgia-based Hull Property Group has acquired The Mall at Whitney Field, a 744,000-square-foot regional retail center in Leominster anchored by Market Basket, for $16 million.
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