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| Trammell Crow Co. won a battle of leading real estate companies for the right to market space at 2 Ledgemont Center in Lexington. The property is located in the Central Route 128 area that has provided a boost for Boston’s suburban office market. |
Hub’s Suburban Office Sector Stands Tall on Middle Ground
By Joe Clements
All of a sudden, there is a core competency in suburban Boston’s office market. While fringe areas remain a bit frayed, the suburban version of Main and Main – the central Route 128 submarket – has undergone a dramatic resurgence over the past 18 months, leading the pack regionally in both office leasing and investment sales velocity, as well as in the recovery of office rental rates.
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Citibank Preparing Push Into Bay State
By Andrea Gregory
In what appears to be an opening salvo for Citigroup Inc. coming into Massachusetts, the New-York-based operation is said to be shopping in the Boston area for branch locations. It already has auto loan and mortgage locations in Massachusetts, but the nation’s largest financial services company has never had a banking presence here.
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Middlesex Among Richest U.S. Counties
By Aglaia Pikounis
A recent survey of the country’s top 10 wealthiest counties included Middlesex County in Massachusetts – a region where more than 850 million-dollar-plus homes were sold last year alone.
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Changing Industry Prompting Lenders to Go Nontraditional
By Andrea Gregory
The traditional mortgage and refinance markets have become increasingly more competitive as rates have risen and the customer base has shrunk. Lenders can no longer afford to sit around waiting for the phones to start ringing off the hook the way they did during the refinance boom. Many lenders are turning to niche markets as a way to survive the new lending climate, and industry experts say they are seeing a rise in popularity of nontraditional mortgage products.
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Hub, Cambridge Office Markets Still Keeping Busy in New Year
By Joe Clements
The robust activity enjoyed by the Boston and Cambridge office markets in 2005 has carried over into the new year, with a solid opening quarter offering further evidence that the region is on the mend after a protracted downturn.
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New Report Shows Possibility of Discrimination in Newton
By Aglaia Pikounis
Soaring housing costs may be keeping many people from moving to Newton, but a report to be released today shows that discrimination by local real estate companies could also be shutting out families and people of color.
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