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| Newly built homes in the Greater Boston area are taking up more land than they have in the past. This map, which includes condominiums as well as single-family and multifamily properties, compares the period of 1998-2002 to previous years. |
New Homes Now Using More Land
By Aglaia Pikounis
Newly constructed homes in Greater Boston are taking up more land, with half of the region’s new single-family houses built on nearly an acre of land or more, according to a recent study.
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Bankers Chafe Under Burden of Regulation
By Andrea Gregory
Almost any community banker will tell you regulatory compliance has become a concern in recent years. Corporate scandals involving companies such as Enron, Tyco and WorldCom and the Bush administration’s focus on fighting terrorism have spurred a host of new regulations, including the USA PATRIOT Act and Sarbanes-Oxley Act. Increasingly, leader of smaller banks say keeping up with regulatory mandates has increased costs and strained resources.
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Methuen Site Nets $18M
By Joe Clements
Demonstrating institutional-grade interest for Massachusetts industrial properties, AEW Capital Management has acquired 14 Aegean Drive in Methuen from Atlantic Tambone Corp. Also known as the Methuen Industrial Center, the high-bay, 234,000-square-foot facility was purchased for $18.3 million, or more than $78 per square foot, according to industry sources.
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Bay State Activists Unhappy With Light Penalty on Lender
By Andrea Gregory
Ameriquest Mortgage Co. might not have admitted to any guilt in its multimillion-dollar settlement last week, but in the eyes of hundreds of Massachusetts residents who filed complaints against the mega-lender, the company did do something wrong.
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Meredith & Grew Event Shows Industry Observers Are Upbeat
By Joe Clements
From Meredith & Grew President Thomas J. Hynes Jr.’s opening remarks through the closing keynote address by former Boston Redevelopment Authority chief Stephen Coyle, negativity was in short supply at the “Trends in the Real Estate Market” seminar held last Thursday at the Hub’s Copley Marriott. It was the 27th annual industry overview sponsored by Meredith & Grew, and featured Coyle as a guest speaker for the second time after his appearance at the 1985 program.
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