Image courtesy of Elkus Manfredi Architects
A South Boston site once proposed for lab space was acquired by a Fort Point-based marketing agency as Alexandria Real Estate Equities scaled back its appetite for development in the region.
What else is on tap today?
- More Homes Hit Market: A little uptick in a graph of new residential listings in Greater Boston could represent a flicker of hope for buyers and sellers alike.
- Brokerage’s Debt Restructured: Avison Young completed a debt restructuring deal after defaulting on payments in the second half of 2023 and agreed to appoint a new board of directors.
- Shelter Limits Confidence: The head of the state’s immigration office says she’s confident that officials will find “viable options” for those who exhaust their stays.
Show me the data!
Here’s what interest rates did this week.
What did I miss?
Here’s what you might have missed in Sunday’s newsletter. Not a B&T subscriber? Fix that here.
- Massachusetts banks, credit unions and mortgage companies all took major hits in residential lending, but there were a few brights spots that helped some lenders come out on top.
- As thousands of property owners in Boston seek abatements and researchers forecast a steep decline in property tax collections, Mayor Michelle Wu’s options are limited in finding ways to cushion the fiscal blows.
- The last week shows progress is likely to be two steps forward and one step back given decades of neglected maintenance at the T and the NIMBY backlash to the Healey administration’s housing plans.
