Industry News
Computershare-Anchored Offices Sold to Lender for $21M
A lender took possession of a Canton office property that went to online auction this spring in a $21.35 million transaction.
Boston Developer Buys Fort Point Offices for $28M
Another brick-and-beam office building in Boston’s Fort Point traded hands with its acquisition by a local real estate investor.
Webster First Launches P2P Payments
Webster First Federal Credit Union customers can now utilize peer-to-peer payments after the credit union signed a deal with core provider Jack Henry.
Barros Part of Team Picked for Springfield Courthouse Redevelopment
A development team that includes Massachusetts Convention Center Authority Interim Executive Director John Barros has been selected to build Springfield’s new regional courthouse.
Weymouth Air Base Parcels Sold to Master Developers
The latest master development team paid $65 million to acquire parcels at what could become Massachusetts’ largest real estate project.
Pioneer Valley CU Adopts AI Tech to Reach More Borrowers
Pioneer Valley Credit Union is utilizing artificial intelligence technology from Scienaptic AI to aid the credit union’s lending process.
Wu Nominates Housing Developer to BPDA Board
A developer of “socially impactful” housing projects would fill a vacancy on the board created by the retirement of longtime member Ted Landsmark.
Kohl’s-Anchored Plaza Sold to Sherborn Investors
A community shopping center anchored by Kohl’s in Springfield was sold to Sherborn-based investors for $10.2 million.
House Adds ‘Yes In God’s Backyard’ to Economic Bill
The House plans to vote Wednesday on a $425.1 million economic development package that carries over some of Gov. Maura Healey’s priorities while adding a slew of new housing-related policy ideas.
Hometown Financial Plans Stock Conversion, Purchase of NH Bank
The state’s second-biggest mutual holding company, Hometown Financial Group, Inc., says it’s converting to a stock bank as part of a deal to buy New Hampshire-based Primary Bank.
After Upgrades, Woburn Hotel Sold for $39.4M
A hospitality fund paid $39.4 million for a suburban hotel that was upgraded with new event and restaurant space during a decade-long ownership period.
Fenway Apartments Trade for $27M to Plumbrook
A 54-unit portfolio of apartments overlooking the Emerald Necklace in Boston’s Fenway has been acquired by a New York City investor, Plumbrook Capital Partners, for $27 million.
Personnel File – No. 449
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Why Does Mass. Still Buy Homes?
A third of Massachusetts homeowners skipped a bill to pay their mortgage in the last 12 months. And for many, affording a home purchase is harder than ever. So why do so many people here still want one?
Pennrose’s Playbook Blends Preservation and Housing Production
Karmen Cheung is leading affordable housing developer Penrose’s efforts to raise its profile Greater Boston, with at least four mid-sized and one large projects in its pipeline.
NH’s Luxury Housing Market Is Back
The luxury home market is making a small comeback in New Hampshire after a year-long lull in sales.
Hot Property: 75 Dudley St.
Madison Park Development Corp.’s 75 Dudley St. project will create 15 affordable home ownership units on a former city-owned parcel in Nubian Square.
Price Gap Between New, Existing Homes Narrows
The price gap between new and existing houses has been falling in recent years, but buyers are still likely to pay 15 percent more for new construction.
The Fixed-Rate Mortgage Myth Agents Need to Stop Spreading
Soaring insurance rates and property tax increases due to appreciating prices not only stretch a borrower’s budget, but could even lead to foreclosure for more people than you’d think.
Bluestone Bank Joins Mutual Bancorp Holding Company
Bluestone Bank has officially joined Mutual Bancorp, the now-$8.4 billion mutual holding company for Cape Cod 5 and Fidelity Bank.
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