Commercial Interests

A Banker & Tradesman Blog

No Surprise In Lack Of Bids On Kneeland Street

No Surprise In Lack Of Bids On Kneeland Street

You know the saying that doing the same thing over and over again and expecting different results is the definition of insanity? Well, our state government’s long string of spectacular failures trying over and over again to cash in on potentially valuable Boston development sites also serves as a pretty good definition of sheer stupidity.

Housing Situation Grows Dire

Housing Situation Grows Dire

Mystery sleuths out there, here’s one for you: Just how does the Massachusetts real market continue to function when the already record low number of homes for sale keeps going even lower? Every time it looks like the number of listings couldn’t possibly drop again, it does

Suburbs Slack In Housing Starts

Suburbs Slack In Housing Starts

The blame for Greater Boston’s never-ending housing crisis, which has jacked up sale prices and rents to obscene levels, can’t be blamed on any one city or town. Decades of onerous zoning policies and NIMBY attitudes have left buyers tearing out their hair a market starved for new homes and new listings.

New Luxury Units Contribute To Rent Drops

New Luxury Units Contribute To Rent Drops

Boston still has some of the highest, most crushing apartment rents in the nation. But there are signs that years of efforts by City Hall to boost construction of new housing may finally be paying off. While the cost of living in one of the city’s newest towers continues to soar, rents in older buildings across Boston fell 4 percent in 2016, according to a new report due out soon from the Department of Neighborhood Development.

We’re Number One! We’re Number One!

We’re Number One! We’re Number One!

Massachusetts is the best state in the country? You’ve got to be kidding me. In a prime example of some first-class hogwash, good old U.S. News & World Report – or as the wags have long called it, U.S. News & World Distort – is promoting yet another ridiculous list, this one of the nation’s best states, if such a thing can really be ranked.

Millennium’s Shadow Problem

Millennium’s Shadow Problem

It’s time to say good riddance to the state’s silly shadow law.
The aim of a pair of arcane and quixotic 1990 statutes – technically two separate laws, one for Boston Common, the other for the Public Garden – are to protect the crown jewels of the city’s park system from the shadows that would be cast by new towers.

Area Colleges’ Credit Ratings Downgraded

Area Colleges’ Credit Ratings Downgraded

What with all the opulent new dorms and hefty presidential pay packages, the ivory towers of Massachusetts’ higher education world would seem to be doing just dandy. But in fact, while they are hardly in danger of going broke, these are actually challenging times for the area’s colleges and universities.