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 Issue of May 22, 2006 
   
While the recent rains didn’t hit Boston as hard as communities north of the city, some spots – like this construction site at 150-152 Old Colony Ave. in South Boston – received more than their fair share of water.


Rains Dampen Spirits of Realtors, Sellers
By Aglaia Pikounis
The recent torrent of rain that saturated much of eastern Massachusetts and other parts of New England forced real estate brokers to cancel a slew of open houses, reschedule showing appointments and field a flurry of calls from nervous homebuyers and sellers.



VistaPrint May Have New Home
By Joe Clements
Offering a graphic example of the rebounding Route 128 Central commercial real estate market, VistaPrint Inc. is close to signing a major office lease at 2 Ledgemont Center in Lexington, according to industry sources. The high-end design and printing company reportedly is eyeing more than 160,000 square feet of space being vacated at 2 Ledgemont Center by Fresenius Medical Care Corp., a life sciences firm relocating to abutting Waltham.



Bill Enables Credit Unions to Become Banks
By Andrea Gregory
Bankers have long argued that some credit unions operate too much like banks while enjoying a tax-exempt status. But one area credit union has faced numerous obstacles in its quest to actually become a bank. Legislation now rapidly working its way through Beacon Hill could change that, however, paving the way for Boston-based Postal Community Credit Union and others to make the conversion.



Lenders Use Creative Methods of Attracting More Customers
By Andrea Gregory
The concept was sound but the weather didn’t agree. That’s the way Don Bishop, vice president of retail lending for Milford National Bank and Trust Co., described the company’s latest effort to broaden its mortgage referral base.



All-Solar Condos in Brockton Created to Slash Energy Bills
By Aglaia Pikounis
At a time when energy costs are soaring, a townhouse development in Brockton that is being billed as the first all-solar newly constructed condominium project in New England will help residents save nearly $600 annually on their electric bills.




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