Trump Orders US to Ditch Penny After Decades of Complaints
Advocates for ditching the penny cite its high production cost – currently almost 4 cents per penny, according to the U.S. Mint – and limited utility.
Personnel File – No. 397
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
New CFPB Head Moves to Shut Down Agency Without Congressional OK
A Sunday night email ordered the bureau to “cease all supervision and examination activity,” effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
Who Will Save Davis Square?
As a developer prepares to submit a 500-unit apartment tower proposal in Davis Square, a new coalition of Somerville merchants and residents is mobilizing to have a bigger say over the neighborhood’s direction
What Real Estate Agents Shouldn’t Do
Collectively, real estate agents don’t always have the greatest reputation, even if it’s undeserved in many cases. But some agents really cross the line. Here’s a listing of some of the biggest red flags.
Is Housing a Vulnerability for Wu? She Seems to Think So
With Boston’s mayor being challenged on her housing record, she seems to be trying to burnish her credentials by taking credit for homes permitted under her predecessors.
Firm Leaves Big Mark on Campus
Timothy Mansfield, a 31-year CambridgeSeven employee, takes the helm at the storied design firm as it and demands from one of its traditional client bases – higher education – are in transition.
What Will 6.5 Percent Mortgage Rates Do to the Mass. Housing Market?
Slower home-price growth this year should provide some breathing room for financially stressed buyers. But affordability will remain a major problem.
‘We’ll See’ Is the 2025 Watchword for Mass. Mortgage Lenders
The word of the year is uncertainty. And while interest rates are always a major factor in the market, this year interest rates for mortgage loans are only part of a much larger story.
Lamacchia Calls on Trump to Intervene in MLS PIN Settlement
The broker-owner of one of New England’s largest realty firms says President Donald Trump needs to intervene to break a deadlock over a proposed legal settlement that would let a major regional MLS keep posting agent commission offers.
Hot Property: The Eastwalk
Boston-based WinnDevelopment and Arch Communities of Needham have broken ground on The Eastwalk, a $47 million mixed-income community near the MBTA’s Weymouth Landing/East Braintree commuter rail station.
Demand for Accessible Luxury Homes Remained Robust in 2024
The luxury real estate market in Massachusetts has shown remarkable resilience and strength as we begin 2025, even as the broader national market faces challenges.
Community Good Works
IC Credit Union made the biggest single philanthropic gift in its history, to a local Catholic high school trying to build an endowment to secure its financial future. See who else gave back.
Welfleet Mansion Could Tumble Into Cape Cod Bay. Who Will Stop It?
The waters of Cape Cod Bay are coming for the big brown house perched on the edge of a sandy bluff high above the beach. It’s just a matter of when.
IQHQ Refis Fenway, Allston Lab Sites
Lab sites in Allston and the Fenway refinanced their debt after life science developer IQHQ Inc. received $900 million in additional investments from its long-term partners.
Coop. Bank of Cape Cod Restructures Business Banking Division
Noting an increasing demand for its lending products, The Cooeprative Bank of Cape Cod has made two promotions and hired a former member of its staff to its business banking division.
National Grid Pulls Plug on Residential Geothermal Pilot in Lowell
National Grid has quietly scrapped a project that...
Personnel File – No. 396
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Hot Property: Q Division Studio B
Cambridge’s Q Division recording studio now offers Dolby Atmos mixing capabilities following the completion of its Studio B.
Campaign Cash Alone Won’t Be Enough in Future Housing Fights
The big loss in Needham wasn’t due to a lack of campaign spending, nor the fault of a pro-housing group founded by Gov. Maura Healey. Politics have fundamentally changed
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