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| A partnership of the Beal Cos. and Rockpoint Group, which acquired the Fargo Building in South Boston earlier this spring, plans to use the property as a home for office tenants. |
Eaton Vance Set to Buy Former 3Com Property
By Joe Clements
In yet another major commercial real estate investment deal in suburban Boston, Eaton Vance Corp. has agreed to buy the former 3Com corporate campus in Marlborough from BPG Ltd., according to industry sources. Located on a 125-acre hilltop parcel, the 531,000-square-foot property is being sold for approximately $135 million.
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Boston Rental Market Enjoying an Upswing
By Aglaia Pikounis
While real estate brokers are working harder to sell homes and dealing with rising inventories and falling prices, the rental housing market in Greater Boston is on the upswing.
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Front-Runner Emerges for Tech Square
By Joe Clements
In a head-to-head competition that fomented nearly two dozen offers and a blockbuster price said to approach $600 million, Alexandria Real Estate Equities has emerged the front-runner to acquire Technology Square in Cambridge, industry sources have told Banker & Tradesman. The seven-building portfolio is owned by the Massachusetts Institute of Technology, which is expected to retain a minority position in the complex going forward.
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More Banks Now Using Merchant Check Capture
By Andrea Gregory
Tom Houston, president of T. Houston Technology Group, describes community bankers’ foray into remote deposit capture – also known as merchant check capture – as David picking up a rock to swing at Goliath.
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Examinations Allow Regulators to Check Up on New Lenders
By Andrea Gregory
With so many mortgage companies in Massachusetts, the state Division of Banks has been feeling a little swamped trying to keep up with regularly scheduled mortgage examinations. And as new companies enter the local lending scene, regulators are concerned about letting them conduct business without being able to check up on them at regular intervals.
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