Sign Points to JPMorgan Lease at South Station
JPMorgan Chase’s search for a consolidated Boston office picked up momentum with a proposal to affix its name to the new South Station tower.
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In Lexington, Healey Touts Millions in ‘Affordable’ ADU Financing
Gov. Maura Healey and two of her top officials crowded into a Lexington accessory dwelling unit Wednesday morning to announce an ADU design contest and new “affordable” financing options for ADU construction.
Boston Set to Extend Residential Conversion Program
Developers would get another 12 months to submit office to residential conversions and qualify for tax breaks under a proposal by Boston Planning Department leadership.
No Outside Bidders for Back Bay Retail Property
A lender submitted the only bid of $25.7 million for a vacant Back Bay retail property at a foreclosure auction Tuesday.
Senate Dems Crafting Their Own Boston Property Tax Bill
Facing criticism for not addressing steep tax hikes in Boston and a legislative stalemate on Beacon Hill, the Senate plans to sidestep the House and possibly advance its own proposal that could deliver limited relief in any Massachusetts city or town.
New England Metros Feeling Greatest Mortgage Lock-In Effects
Several of New England’s biggest metros had the biggest gaps between the typical homeowner’s mortgage payment and what today’s typical buyer faces.
Synergy Buys West End Office Complex for Big Discount
Boston-based developer Synergy added to its office portfolio with acquisition of a 159,273-square-foot West End complex for $22.5 million.
Wu Critic: Boston Needs ‘Different Approach’ to Budget Woes
The solutions are viewed as either a Band-Aid or desperately needed residential relief, but it’s clear that property taxes in the city of Boston are again a focus of City Hall and State House debate.
Downtown Boston Landmark Trades for $15.75M
A Financial District office building that sits in the shadow of the Winthrop Center skyscraper was sold to a local investor for $15.75 million.
PeoplesBank President Hints at Eastern Mass. Expansion
PeoplesBank President and CEO Brian Canina says the Holyoke-based bank is eyeing Eastern Massachusetts growth in the coming years.
Apartment Rents Trending Downward in Some Boston Suburbs
Apartment rents are trending downward amid a wave of new buildings coming online, including a 3.6 percent annual decrease in development hotspot Everett.
Sublime Systems Pauses Holyoke Factory, Cuts Workforce
One of the most-hyped green building companies in Massachusetts is calling a halt to its plans for its first commercial-scale plant after losing a key grant.
Personnel File – No. 428
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Developments Test Appetite for Starter Homes
A golf course redevelopment in Stow and a high-profile project in Amesbury are lining up to be test cases for a new style of housing that uses less land and costs less.
Industry’s $30M Anti-Rent Control Campaign Won’t Be Enough
Ads and harsh warnings won’t be enough to convince voters to turn away from rent control. Industry and sympathetic politicians will need to show voters a better world, first.
Others’ Mergers Create an Opening
When Amesbury-based BankProv came up for sale, Needham Bank faced plenty of competition. Deal in hand, CEO Joseph Campanelli said, his bank is looking forward to “a lot more synergies than we anticipated.”
Hot Property: Eastern Edge Food Hall
MIT graduate students in a new Kendall Square housing tower will have access to a wide range of global cuisine without leaving the building.
Mass. Is Creating Homeownership Deserts in Our Gateway Cities
There’s a rising fascination with helping homebuyers access their first homes. But it won’t fix the core issue: We don’t create many new affordable homes for sale.
Small Mass. Banks, CUs Face Heavy Tech Lift
Monopoly power isn’t just lurking in consumer prices. Data shows smaller lenders face disproportionately high – and rising – costs for their operating system software.
