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.
Fed Approves Boston Private, Silicon Valley Bank Deal
Greater Boston moved closer yesterday to seeing its first completed bank merger of 2021 when the Federal Reserve Board approved Boston Private’s acquisition by the parent company of Silicon Valley Bank.
The Neighborhood Developers Begins Everett Church Redevelopment
The Neighborhood Developers Inc. will use a $9.1 million tax-exempt bond from MassDevelopment and Boston Private Bank for site preparations at a 33-unit affordable rental complex in Everett.
MassDevelopment Financing Renovations as Charter School Returns to Springfield
A $13.35-million tax-exempt bond from MassDevelopment will pay for renovations of Springfield Preparatory Charter School’s new location, enabling the school to add 108 students and expand to grades seven and eight.
Shareholder Denounces Boston Private’s Sale Plans
A day after Boston Private Financial Holding agreed to be acquired by the parent company of Silicon Valley Bank, one of Boston Private’s investors sent an open letter to the bank with concerns about “the integrity of the process undertaken by BPFH to maximize value for shareholders.”
Silicon Valley Bank to Acquire Boston Private in $900M Deal
The parent company of Santa Clara, California-based Silicon Valley Bank has agreed to acquire Boston Private Bank & Trust Company in a deal valued at approximately $900 million.
Boston Private Earnings Up After Q2 Losses
After a $3.3 million loss in the second quarter, Boston Private Bank had a smaller loan loss provision in the third quarter and reported net income of $22.7 million.
Boston Private’s Earnings Drop 96 Percent
Boston Private has joined the list of banks seeing the effects of the coronavirus crisis and CECL adoption, as its first quarter earnings dropped 96 percent compared to the same period last year.
Andover Flex Property Sells for $26.25M
An Andover flex facility being used as an advanced research facility has sold for $26.25 million.
Mattapan Mixed-Income Project Completes 41-Unit Ownership Phase
A 41-unit phase of redevelopment has been completed at the former Boston State Hospital property, bringing a new wave of mixed-income home ownership units in Mattapan.
MassDevelopment Distributes $15.32M Toward Ashmont Revelopment
Trinity Ashmont Two Mixed Use Limited Partnership has...Lowell Charter School Expands With Two MassDevelopment Bonds
Lowell Community Charter School Friends Inc., an...Boston Private Bank Finances Halifax Solar Project
Boston Private Bank & Trust Co. has provided a...
