Lynn Man Pleads Guilty to Role in $1.4M Bank Fraud
A Lynn man pleaded guilty Thursday in federal court in Boston in connection with receiving and laundering approximately $1.4 million fraudulently obtained from a Korean company.
Tool in Development to Plug Rental Information Gap
State officials and nonprofit housing organizations plan to develop a second-in-the-nation online tool over the coming year to make every affordable rental unit listing available on a single platform, and give property managers a simple way to manage their listings online.
Baker Opposes Any Gas Tax Hike
Gov. Charlie Baker this week said he wouldn’t support a “big increase” in the gas tax but that doesn’t mean the governor supports any increase in that levy.
Neal: East-West Rail Should Be ‘Price’ of MBTA Investments
If Massachusetts is going to invest in fixing the MBTA, as it appears leading lawmakers intend to, then state officials also needs to invest in an east-west rail connection, U.S. Rep. Richard Neal told business leaders in Boston Thursday morning.
Community Good Works
From banking to the building trades, many gave back to the community this week. See who did what!
South End, JP Condo Projects Begin Presales
Developers of two new condo projects in South End and Jamaica Plain have announced prices and begun presales in preparation for their completion in 2020.
Small Batch Brewery On Tap for Boynton Yards
Owners of a 7-year-old craft beer company are eyeing Somerville’s fast-transforming Boynton Yards neighborhood for their first brick-and-mortar location.
Wynn Looking to Be ‘Landlord’ not Developer for Property Near Boston Casino
The owners of the Encore Boston Harbor casino and 16.5 acres that surround it are looking for development partners to build up the neighborhood.
Hub on Causeway Completes Latest Phase
As construction continues on its signature 31-story office tower, developers commemorated the completion of The Hub on Causeway’s second phase including a boutique hotel, supermarket, apartment tower and new fan amenities at the TD Garden.
Three Firms Take 47K SF at Concord Office Park
An office park next to Hanscom Airfield in Concord is headed to 90 percent occupancy, up from 50 percent in 2017, following the execution of three leases for a total of 47,000 square feet.
How Can State Pay for Massive Transit Upgrades? Report Suggests $50B Plan
As state leaders try to figure out how to pay for the investments advocates – and now business and transportation leaders – say Massachusetts needs to fix its current traffic nightmare, stay economically competitive and decarbonize its economy, a new report from A Better City outlines one possible solution.
Baker Leans on Go-Slow Analysis of Commuter Rail Revamp
State Sen. Will Brownsberger, who served on the committee that analyzed commuter rail revamp options for the MBTA, believes that not every rail line has enough customer demand to support all-day service every 15 to 20 minutes.
With Development on the Ballot, Voters Offered Split Decision
Municipal elections across Greater Boston yesterday served as de facto forums on development, among other issues, and voters rewarded both pro- and anti-development candidates.
Amazon Robotics Hub to Open in Westborough
After signing Amazon to a massive warehouse lease in Revere, Framingham-based developer Atlantic Management has gained a commitment from the e-commerce leader for a $40-million robotics research hub in Westborough.
Financial District Office Property Sells for $50.25M
A 5-story downtown Boston office property has sold for $50.25 million.
Milton Man Pleads Guilty to Bank Fraud
A Milton man pleaded guilty Monday in federal court to taking part in schemes to use false identification and take funds from bank customers.
Needham Developer Buys Stoughton Retail Property
Needham-based retail developer RK Centers has acquired a Stop & Shop Supermarket-anchored shopping center in Stoughton for $19.5 million from New York-based Katz Properties Retail (KPR)..
SoftBank Tumbles into Losses Over WeWork, Other Investments
Japanese technology company SoftBank Group Corp. tumbled into losses in the last quarter as its earnings were hammered by money-losing investments, including a bailout for office-space sharing startup WeWork.
Regis College Names Business School After Century Bank Founder
Regis College has named the university’s School of Business and Communication after Marshall M. Sloane, founder of Century Bank.
Fall River Medical Office Building Sells for $16.07M
A medical office building across the street from Fall River’s largest hospital has sold to a healthcare real estate-focused private equity firm Hammes Partners for $16.07 million.
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