Industry News
Dan Rivera Resigns from MassDevelopment
The head of a top state quasi-public development finance agency has turned in his resignation, effective immediately.
Owner Seeks More Height for South End Apartment Conversion
At 91 units, the proposed conversion of 95 Berkeley St. in the South End will be the second-biggest to date.
Report: HomeServices to Settle Commission Lawsuits
The last major brokerage still locked in a court battle over real estate agent commissions appears to be waving a white flag.
Eastern Bank Predicts Cambridge Merger Will Close in Q3
Eastern Bank executive said they are highly confident the bank’s merger with Cambridge Trust won’t be delayed much longer.
WeWork Seeks to Walk Away from Atlantic Ave. Lease
WeWork, once the biggest name in coworking in Boston, plans to reject a lease for one of its locations next to South Station.
T Board Seeks More Time to Reimagine Commuter Rail
The MBTA Board voted unanimously Thursday to extend the contract for the commuter rail network’s operator for one year to mid-2027 to give agency staff more time to work.
Massachusetts’ Biggest Black-Owned Bank to Relocate HQ
OneUnited Bank plans to relocate its headquarters out of Boston’s Financial District and into the traditional heart of Boston’s Black community.
Developer Submits Hotel Plan at former CBT Offices
Redevelopment plans by Rhino Capital Advisors would restore the historic facade of a Bulfinch Triangle office building while creating an 82-room hotel with an “urban contemporary aesthetic.”
Rockland, Eastern Earn Top Marks for Customer Satisfaction
A new analysis by J.D. Power has found that Rockland Trust and Eastern Bank are the two top large, Massachusetts-based banks operating in New England in terms of customer service.
EMC Data Center Sold for R&D Conversion
An EMC office building and data center in Hopkinton will be repositioned for R&D and flex tenants following its sale to a Boston developer.
Real Estate Group Plans Anti-Transfer Tax Campaign
With housing debates finally nearing on Beacon Hill, a major real estate industry group will attempt to rally opposition against potential new fees on high-value property sales through a concentrated campaign, and its leaders plan to spend “what is necessary” on the effort.
Poll: 2 in 5 Black Mass. Biz Leaders Rejected for Loans
A new poll finds that Black small business leaders in Massachusetts disproportionately report being rejected when applying for financing.
NAR Settlement Gets Preliminary OK
The judge in the lawsuit against the National Association of Realtors over real estate agent commissions has given his preliminary approval to a settlement in the case, signalling that a new future for how agents are compensated is clearly on the horizon.
Uniqlo Announces Opening Weekend Events in Braintree
Clothing chain Uniqlo will mark the opening of its fourth Greater Boston store this week with a series of promotions in partnership with local institutions including the Museum of Fine Arts.
Life Time Fitness Announces Back Bay Expansion
A high-end fitness club that operates five suburban locations in Massachusetts will expand into Boston in 2025.
AG: Marshfield Has Time to Rethink MBTA Zoning Rejection
Marshfield appears unlikely to draw a state lawsuit right away after its Town Meeting on Monday reportedly rejected a plan that would have complied with new zoning requirements for communities near MBTA service.
Developers Line Up to Lure Vertex HQ
As Vertex Pharmaceuticals weighs whether to relocate its headquarters, Boston-based Beacon Capital Partners is aggressively pursuing a new lab project that could lure the life science firm from its Fan Pier perch.
Insurer Breaks Ground on Campus Expansion in Norwood
Insurer FM Global has broken ground on a new all-electric-powered campus expansion in Norwood that utilizes 221 geothermal wells to reduce its energy consumption.
Company Behind Big New Listings Portal Buys Matterport
CoStar Group, the real estate information company behind Homes.com, has inked a deal to buy the 3D camera company many real estate agents rely on to promote their listings.
Cape Cod 5, MVCU Building Branches in Plymouth
Two financial institutions are in the process of setting up shop in Plymouth.
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