Industry News
Tariffs Could Have One Winner in Boston: Landlords
Asking rents continued to increase thanks to Greater Boston’s highly restricted supply of apartments. But they could go even higher due to President Donald Trump’s tariffs and related economic uncertainty.
School-to-Housing Conversion Set to Begin in Templeton
Groundbreaking is scheduled next month for Templeton’s first multifamily project in over 25 years following the completion of a financing package by a pair of Boston-area developers.
BioMed Plans More Lab Space in Cambridge
Cambridge still has the region’s lowest lab vacancies despite the life science industry slump, prompting a leading developer to pursue a project adding nearly 113,000 square feet to the local inventory.
Accountants Renew Tax Reform Calls as Clients Leave Mass.
Massachusetts accountants representing wealthy residents renewed their calls Wednesday for a bevy of tax reforms, including overhauling the “sting tax” on companies, to prevent the ongoing outmigration of Bay Staters and businesses.
Trump Says Fed Chair’s ‘Termination Cannot Come Fast Enough’
President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday after Powell signaled that the Fed will keep its key interest rate unchanged while it seeks “greater clarity” on the impact of Trump’s policies.
Beacon Hill Could Allow Credit Unions to Absorb Mutual Banks
A bill that would allow for Massachusetts credit unions to take over mutual banks passed its first hurdle yesterday: Getting a committee hearing.
Quincy Private Construction Lender Expands Partnership with Florida Bank
First Boston Capital Partners says it has expanded its revolving line of credit with BankUnited, based in the Miami area, as it aims to grow its private lending business.
631-Bed Brandeis Dorm Sets June Groundbreaking
Brandeis University’s newest dorm project is the first phase of a campus-wide plan to upgrade student housing through new construction, renovations and demolition of older dormitories.
Economic Secretary Hao Leaving Healey’s Cabinet
Economic Development Secretary Yvonne Hao is stepping down from her port at the end of the month, with Undersecretary of Economic Foundations Ashley Stolba in line to take over the secretary’s duties on an interim basis, the Healey administration said Tuesday.
Redfin Joins Zillow in Not Featuring Delayed Listings
Redfin became the latest big name to support the National Association of Realtors’ updates to its pocket listing policy.
Boston-Area Lab Vacancies Hit 25 Percent as Industry Retrenches
The lab space vacancy rate hit 25 percent across the region during the first quarter, as companies continued to downsize and list new sublease space.
In March Home-Sales Data, Flickers of Hope for a Looser Market
Massachusetts home sales ticked down last month and prices rose again, even before the latest bout of economic uncertainty clouded over the nation.
State Delays Enforcement of Electric Truck Requirements
The move will likely be a relief to contractors, who say there aren’t enough clean trucks or charging stations available, but it’s being met with anger by environmental advocates.
Personnel File – No. 402
From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Rockland Trust Launches New Insurance Offering
Rockland Trust’s Investment Management Group is expanding its insurance offerings by launching personal risk property and casualty insurance advisory services.
New Roslindale Zoning Expands Multifamily Possibilities
Roslindale Square is being primed to add mid-rise development under a rezoning plan intended to spur multifamily housing construction.
M&T Ups Ratio of Money Set Aside for Troubled Loans
The bank still reduced the amount of money it’s set aside for loans going bad last quarter while also seeing both loans and deposits take a dip.
Andover R&D Property Trades for $26.4M
An Andover property leased to a medical technology company was acquired by a Luxembourg-based real estate investor for $26.4 million.
FEMA Quietly Removes Access to New England Coastal Erosion Hazard Tool
At some point between February and early March, as seasonal wind and rain hammered New England coasts, a relatively new but enthusiastically embraced tool for predicting erosion slipped off the Federal Emergency Management Agency website.
A Top Mass. Economist Tries to Navigate Tariffs’ Local Impact
Between market dips, concerned state officials and international trade implications, the tariff policies implemented and now partly paused by President Donald Trump last week have created widespread worry across Massachusetts and the nation.
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