Industry News
Avidia Bank Raises Nearly $192M in Stock Offering
Avidia Bank announced that it’s raised nearly $192 million in its bid to become a publicly traded bank. The bank plans to boost its CRE and C&I lending, and invest in its operations.
333-Unit Development OK’d at Brighton Radio Studio
Audacy radio’s Brighton studios will be replaced by 333 apartments under a $115 million development proposal by local firm Nordblom Co.
Mass. Bank Regulator Takes Action Against Wise
Massachusetts’ top financial cop is fining money-transfer company Wise $4.2 million as part of settlement involving six state regulators.
Commercial-to-Residential Project Proposed in Orient Heights
A developer of several East Boston projects is proposing reuse and expansion of an Orient Heights commercial property as a 28-unit apartment complex.
AG Says Marblehead Should ‘Think About’ Voters’ Overturning of MBTA Zoning
The attorney general said she will “push the town to continue to think about what happened yesterday” after Marblehead voters rejected new multifamily zoning required by the MBTA Communities Act in a special election Tuesday.
A Stormy Season for Short-Term Rentals on Nantucket
The fate of short-term rentals on the small, wealthy island of Nantucket is, for now, treading water.
Boston Office Vacancy Rate Drops to 21.2 Percent
Office vacancies in Boston dropped for the fourth consecutive quarter, but the pace of leasing activity declined amid economic uncertainties.
Boston Among Largest Housing Deficits in Nation
Even as Greater Boston sees increases in houses and condominiums for sale, the region has one of the largest housing deficits in the country.
Odd Fellows Hall Redevelopment Nears Completion in Downtown Lowell
A developer is nearing complete of the latest in a series of Lowell multifamily developments after receiving a mix of public and private financing.
Watertown Lab Project Secures 73K SF Lease
A Cambridge biotech will relocate to Watertown after terminating its lease and committing to occupy nearly 73,000 square feet at 99 Coolidge Ave.
Inventory Increases Putting Pressure on Sellers
With inventory building across New England’s three biggest housing markets, sellers are feeling pressure to cut prices.
Ralph Lauren Buys Back Bay Retail Building
A Newbury Street property anchored by a Ralph Lauren store was acquired by the fashion icon’s parent corporation for $37.8 million.
Federal Funding for I-90 Allston Project in Jeopardy
The massive package of tax and spending cuts President Trump signed into law on July 4 eliminates a federal grant program that set aside $335 million for the nearly $2 billion I-90 Allston highway-and-transit project in Boston.
Index: Mass. Employers Almost Back into the Confident Column
Massachusetts employers grew a bit more confident in June but remained slightly pessimistic overall in the face of federal policy changes, especially uncertainty about tariffs, according new confidence index results.
A ‘Business as Usual’ Attitude is Holding Massachusetts Back
While Massachusetts prepares to debate a small fraction of proposed housing reforms, states across the country are already implementing many of those same ideas.
Policy, Plus Action, Equals More Housing, More Quickly
At CHAPA’s new Housing Policy Action Center, we want to help support ideas through implementation, and make sure reforms are backed with on-the-ground experience and solid coalitions.
40-Year Listing Firm Run Out of Business
Remember the company that was offering homeowners a few thousand dollars in exchange for the right to list their homes any time in the next 40 years?
Hot Property: Hager Homestead
New England’s first cohousing development designed for seniors has attracted strong buyer response in Littleton.
Mass. Condo Market Shows Signs of Softening Amid ‘Peak Uncertainty’
The Massachusetts condo market appears to be softening. Blame buyers’ economic worries and sellers trying to beat a potential downturn.
Investing in Service of Strategy
Service Credit Union has launched a new venture capital unit, Service Ventures, with the ambitious goal of investing in cutting-edge financial technology, and it’s placed Brian Regan in charge.
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