Guilty Plea for Co-Founder of North Andover Mortgage Company
The principal and co-founder of a North Andover mortgage short sale assistance company pleaded guilty in federal court on Wednesday in connection to a scheme to defraud mortgage lenders and investors.
Seven Developers Compete for Massport Parcel
Seven developers have submitted proposals for a 600,000-square-foot mixed-use project on Massport’s parcel H in Boston’s Seaport District.
398-Unit Multifamily Project Proposed in Everett
Another multifamily developer is proposing a large industrial-to-multifamily conversion in Everett.
Report: Brookline Town Meeting Backs Ban on Gas in New Construction
Brookline Town Meeting members voted to ban gas hook-ups in new construction and major renovations last night.
NAIOP Elects 2020 Leadership
The trade group for Massachusetts’ commercial developers has named a new president and board chair for 2020.
Fed Minutes: Officials Felt Three Cuts this Year Could Be Enough
Most Federal Reserve officials believe that the three rate cuts they have made this year would be enough unless the economy weakened significantly.
Chiofaro Kicks Off Permitting for 900K SF Waterfront Tower
While lawsuits seek to block the project, The Chiofaro Cos. has formally kicked off permitting to replace its parking garage on Boston’s waterfront with an office and condo tower.
Hong Kong Real Estate Firm Opens Boston Life Science Office
A real estate investment firm based in Hong Kong has launched its first U.S. outpost in Boston, focused on life sciences and helmed by a former JLL executive vice president.
Brookline Could Ban Gas Service in New Buildings, Gut Rehabs
Brookline Town Meeting is scheduled to vote tonight on an article that would ban many new gas hookups and oil-fired boilers in the city.
Waltham Gym Building Sells for $32.1M
A 3-story Waltham building that hosts a Boston Sports Club has sold to an investment firm for $32.1 million.
Everett Narrows Field of Downtown Redevelopers
Everett officials have selected three finalists with local ties to submit proposals to redevelop a 1-acre parking lot at 36 Norwood St. as the cornerstone of a downtown redevelopment plan.
Despite Free-Flowing Kombucha, WeWork Tenants Feel Unease
Beneath the work-and-play cheer, there’s unease as WeWork embarks on a painful restructuring that will include thousands of layoffs as early as this week.
1.1M SF Fort Point Development Would Include Flood Control Strategies
Developer Related Beal’s proposed 1.1 million-square-foot development overlooking Fort Point Channel could be one of the first properties protected under a city plan to flood-proof waterfront properties.
Bank Adds Tech Ambassadors on Cape Cod
As more customers started using online and mobile technology, The Cooperative Bank of Cape Cod wanted a program to help customers, especially those within the region’s older population, to become more comfortable with the technology.
Allston Square, Seaport Residential-to-Office Swap OK’d
In addition to a prominent affordable housing project proposed for Jamaica Plain, the Boston Planning & Development Board approved several projects and changes to projects at its Nov. 14 meeting.
Regional Carbon Price Coalition Looks Shaky, Imperiling Transit Funding
It’s not clear all Gov. Charlie Baker’s fellow governors are on board with his regional approach to taxing cars’ carbon emissions, putting a big chunk of future transportation funding in doubt.
BayCoast Bank Opens Foxborough Branch
Swansea-based BayCoast Bank has opened its first Norfolk County branch at 8 Foxborough Blvd. in Foxborough.
Springfield Neighborhood Rallies Against TD Bank Branch Closure
TD Bank has asked state regulators for permission to close its branch in Springfield’s Mason Square neighborhood, but area residents and state legislators are pleading with regulators to stop the move.
Toll Brothers Buys Development Site in Cambridge Quad for $44M
Housing developer Toll Brothers has paid $44.1 million to acquire a site approved for a 525-unit apartment complex in Cambridge’s Quadrangle neighborhood.
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