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| Hunneman Commercial Co. officials celebrating the firm’s ü75th anniversary include: (from left) Robert Tito, Carl Christie, üF. Michael DiGiano, Wayne Spiegel, Stuart W. Pratt, David Ross (seated at left), Robert Fitzgerald, Emmet T. Logue (seated at right) and Steve James. |
Hunneman Commercial Co. Celebrates 75th Year in Hub
By Joe Clements
It is said that the more things change, the more they stay the same, and in the case of Boston’s real estate industry, one of the best adherents to that mantra would seem to be Hunneman Commercial Co. In celebrating the venerable operation’s 75th anniversary last week, CEO Stuart W. Pratt maintained that founder Carleton Hunneman’s work ethic and straightforward business approach laid a foundation still evident to this day.
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Reverse Mortgages Make Steady Forward Progress
By Jennifer Jope
As reverse mortgages slowly begin to shed the stigma once attached to them, Federal Housing Administration statistics show activity for such loans increased dramatically in fiscal year 2004. Massachusetts was also listed as one of the top 10 states in terms of volume of Home Equity Conversion Mortgage endorsements.
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Single-Family Building Permits up 16%
By Aglaia Pikounis
A greater number of housing permits were issued in the Bay State during the first three quarters of the year, an increase that local homebuilders attribute to the state’s anti-snob zoning law and the popularity of age-restricted housing that has been popping up in communities throughout the commonwealth.
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Credit Union Buys Centrum’s Naming Rights in $5.2M Deal
By Jennifer Jope
Marlborough-based Digital Federal Credit Union’s name will soon be in the bright lights. The credit union recently purchased the naming rights to the Worcester Centrum in a 10-year, $5.2 million deal. While some credit unions are tipping their hats to DCU, bankers are angered by the recent developments. DCU officials say they are simply utilizing the latest marketing strategy.
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Putnam’s Boston Headquarters Under Agreement to New Buyer
By Joe Clements
More than four months after it was taken off the market, the Boston headquarters of Putnam Investments is under agreement to a new buyer, with industry sources telling Banker & Tradesman last week that ELV Assoc. has agreed to acquire the 8-story building for an undisclosed price. Located in the Hub’s Financial District, Two Liberty Square is fully leased to Putnam.
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Mixed-Use Project in Medford Seen as Having Major Impact
By Aglaia Pikounis
A Newton developer recently broke ground on a mixed-use development project that is expected to transform a largely industrial and undeveloped part of Medford into a thriving neighborhood overlooking the Mystic River.
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