Banker & Tradesman file photo
Vertex Staying Put: Vertex Pharmaceuticals’ headquarters move to the Fan Pier in 2014 put Boston’s Seaport District on the map as a life science industry destination.
And its reported decision to remain in its 1.1 million-square-foot office on Fan Pier beyond 2028 deals a blow to a growing list of major lab projects still seeking tenants in the neighborhood, including some developments that seemed aimed at the company.
What else is on tap today?
Buyer Sentiment Up: Consumers are slightly more optimistic about homebuying and home-selling conditions despite continued concerns about affordability, according to the latest Fannie Mae survey.
Next Stop, ‘Labor Stability’: MBTA officials say the agency will enjoy the “longest period of labor stability since the 1980s” after many years where observers say its pains have been partly due to not enough workers.
Fed Flexes Independence: The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed’s policymaking in the past, edges closer to formally becoming the Republican nominee for president.
Who’s on the Move: From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s our weekly Personnel File roundup.
Don’t Miss This
The five biggest real estate and banking stories you have to read today, including from B&T’s pages.
⬆️ With some notable housing policy victories seemingly in the bag, Gov. Maura Healey faces a choice: What next to boost the supply of homes? (Scott Van Voorhis in Banker & Tradesman)
While smaller banks are doing the bulk of CRE lending, bigger banks’ loans are the ones showing signs of strain. (Wall Street Journal)
Misinformation about how development impacts school enrollment is flooding towns debating MBTA Communities zoning. Here’s the truth. (Jonathan Berk in Banker & Tradesman)
✋ Suffolk Downs is ground zero for how interest rates are hobbling Boston housing development. (Boston Globe)
An affiliate of TIAA has put the 99 High St. office tower in downtown Boston up for sale, setting up a test for office values. (Boston Business Journal)
