Industry News
Families Struggling to Afford Rent in New England
Greater Boston families with children are more rent-burdened than the overall rental population, according to a new report from Zillow’s economists analyzing census data.
Study Finds Median Mass. Wealth Is $370K, But Deep Wealth Gaps Persist
Massachusetts families held a median net wealth of more than $370,000 last year, according to a new study that found this metric varies dramatically across key factors like race, age, educational attainment, homeownership and place of residence.
Alexandria Lands 160K SF Tech HQ Lease in Andover
In a sign of shifting strategy for the nation’s largest lab landlord, Alexandria Real Estate Equities leased an Andover property to a tech company that will primarily occupy it as office space for up to 400 employees.
Park Square Building Could House Nearly 500 Apartments
The largest planned office to residential conversion in Boston is a Back Bay property acquired through foreclosure in April for $96 million.
Leader Bank Adds First Cape Cod Branch
Leader Bank has added its first branch on Cape Cod, complimenting the Arlington-based bank’s existing loan office in Mashpee
Boston Could Mandate Training for Building Security Guards
A proposed law would place significant new training requirements on the unarmed security guards who protect many downtown buildings.
MassDevelopment Names New CFO
The state’s quasi-public economic development agency says it’s hired a new chief financial officer, former senior Healey budget staffer Bran Shim.
Hilltop Steak House Home Sells For $3.6M
The Lynnfield house built by Hilltop Steak House founders Frank and Irene Giuffrida has sold for $3.65 million, after just one day on the market.
Legislature Makes Hot Works Law Pursuit a Summertime Project
Over 12 years after a Back Bay blaze sparked by welders killed two firefighters, the Legislature could finally tighten rules around so-called “hot works.”
Peabody Named Hottest Market in Country
Peabody has been named the hottest ZIP code in the country. Here’s what local Realtors and brokers think is driving that popularity.
WATCH: These Chelsea Affordable Condos Are Built to Build Community
For Banker & Tradesman’s latest building tour, we headed to Chelsea, where an all-affordable condominium development’s design turned a corridor into a quiet community space.
$67M Refi to Fund Upgrades at Pioneering Revere Beach Apartments
An affiliate of a Utah-based real estate investor refinanced the first building in Revere Beach’s recent wave of multifamily properties last month.
Personnel File – No. 453
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Campbell Defends Courthouse Procurement as Developers Seek Investigation
Attorney General Andrea Campbell is backing the state’s controversial Springfield courthouse procurement, calling a legal complaint from losing bidders “nothing more than a fever dream of imagined malfeasance.”
Who Still Needs a Banker’s Advice?
Banks and credit unions spent the last decade retooling branches and marketing to play up their skills in dispensing financial advice. Does that bet still work in a world where consumers turn first to AI?
Will MassHousing Get the Investigation It Deserves?
Reports of million-dollar fraud at MassHousing should have everyone demanding a thorough inquiry that holds even the quasi-public lender’s CEO accountable.
Bringing Clarity to Deposit Volatility
Deposits have become a lot more volatile, and bankers need a better way to understand these liabilities, argue Justin Bakst and Billy Guthrie of Darling Consulting Group.
One Year Without Multifamily Parking Minimums: Salem’s Lesson for Mass.
Parking still gets built. And so does more housing and retail space serving the community. This should give the Legislature confidence to act statewide.
Hot Property: Davis Center at Williams College
The Davis Center at Williams College has been recognized with a 2026 AIA Architecture Award, a national award program celebrating the best in contemporary architecture.
Reliable Transportation Is Boosting Our Image
Something happened this summer that probably sounds surprising: Massachusetts’ transportation system worked the way it’s intended, helping carry off a slew of events without a hitch.
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