In Tariff War, Mass. Banks Could Lose
The Trump administration’s back-and-forth tariff policy is engendering skepticism from local financial institutions at the same time it appears to be scaring consumers and local businesses.
All-Electric Warehouse Gets Financing in Wilmington
A partnership of Wheelock Street Capital and Camber Development is scheduled to complete construction of an all-electric warehouse and distribution center in Wilmington in early fall after receiving $57 million in construction financing.
RISE Receives Financing for Everett Multifamily Development
Boston-based developer RISE will break ground in the third quarter on a 46-unit apartment complex in Everett after securing $23 million in financing.
It’s Harder than Ever to Finance Housing
Rents have never been higher in Greater Boston, and vacancies have rarely been lower, yet it’s still hard for developers to make projects work. And that should worry everyone.
Will First Republic Have a CRE Successor?
All other things being equal, the disappearance of a well-known bank from the local real estate lending market would send other banks rushing in to scoop up borrowers looking for new partners. But First Republic’s collapse two weeks ago is likely to leave a longer-term void in Greater Boston.
Banks Report Tougher Credit Standards in Wake of Failures
A Federal Reserve report Monday showed that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures and expect to lift them more this year, a trend that could slow the economy in coming months and increases the risk of a recession.
Boston Landing Labs Get $315M in Financing
A 320,000-square-foot Brighton lab complex that broke ground in October received $315 million in construction financing from Bank of China.
Another 84 Apartments Coming to Newburyport Transit District
The next phase of a transit-oriented development in Newburyport will include an 84-unit apartment building designed with Passive House principles.
$129M Loan from Citizens Launches Quincy Center Development
Construction of a 465-unit market-rate apartment complex called Ashlar Park is under way after a Quincy developer received $129-million in construction financing from Citizens Bank.
