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 Issue of January 9, 2006 
   

Brookline Place Deals in Works
By Joe Clements
In separate deals said to approach $70 million in total, Boston-based Winn Development Corp. reportedly has agreed to sell a medical office building in Brookline Village and an abutting property that can accommodate more than 200,000 square feet square feet of new commercial construction, space that has been approved for use as high-end medical research.



Bay State Communities See Prices Decline
By Aglaia Pikounis
Home prices slipped in more than two-dozen Bay State communities, including nine cities and towns that saw median selling prices fall 5 percent or more last year.



Three Sales Mark Solid End to Year
By Joe Clements
Ending 2005 in a flourish, Trammell Crow Co. negotiated a trio of suburban office building sales that attracted an array of money sources, including a private opportunity fund, real estate investment trust and a recently formed local company fueled by tax-shelter capital.



Polish, Westfield Credit Unions Merge
By Andrea Gregory
A merger was not part of the original discussion. When Jim Gardner, president and CEO of Chicopee-based Polish National Credit Union, had his first casual conversation with leaders of Westfield River Federal Credit Union, the topic didn’t even come up. Gardner said it was a meeting set up to facilitate Polish National’s first attempt to reach out to smaller credit unions by offering assistance and services.



Quartet of New Members Added to Credit Union Service Group
By Andrea Gregory
Credit unions are catching on that they need to offer more services to keep their members happy. The 1-year-old Northeast Members Business Services, better known as Northeast CUSO, a credit union service organization providing the infrastructure to service and manage small-business loans for credit unions, is generating new interest and new partners.



Cambridge Office Sector Gets Boost Heading Into New Year
By Joe Clements
From an office standpoint, Cambridge remains far removed from the zero percent vacancies and record rents that earned the city national acclaim in 2000, but a late-season surge and continued improvement on the life sciences front have given the since-battered submarket a boost entering the new year.



Report: Land-Use Regulations Fueling Home Price Increases
By Aglaia Pikounis
Rising home prices in Massachusetts have been fueled by restrictive land-use regulations in cities and towns, according to a new report.




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