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| (clockwise from top left) Gov. Mitt Romney signed into law a measure requiring the state Department of Housing and Community Development to collect and report data on assisted housing; Archstone Boston Common was one of several newly constructed high-end apartment projects that opened in Greater Boston; Bank of Cape Cod opened its doors in Hyannis and Patriot Community Bank (not pictured) opened in Woburn, marking the first new bank openings in the state in four years; Filene’s in Downtown Crossing prepared to close, making way for the $600 million One Franklin redevelopment project; and Boston Mayor Thomas Menino proposed a new skyscraper for the city and a new home for City Hall in Boston’s Seaport District |
Mortgage Industry Placed Under Microscope
By Amy Wyeth
“For the most part, it’s all mortgages and mortgage companies,” said Massachusetts Deputy Commissioner of Banks David Cotney when asked to sum up 2006 highlights from a regulator’s point of view.
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Industry Gets Lion’s Share Of Attention
By Aglaia Pikounis
Perhaps no other industry received as much attention in 2006 as the housing market. From cocktail party chatter to economic forecast luncheons, everyone was debating whether they were hearing the popping of a housing bubble or simply experiencing a long-overdue market correction.
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Boston Buoyed by Busy Building Boom
By Thomas Grillo
While Vice President Dick Cheney dealt with the fallout from shooting a friend in a hunting accident and “newlyweds” Jessica Simpson and Nick Lachey separated, Boston was in the midst of a building boom.
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Despite Imperfect Conditions, REITs Outpaced Stocks in ’06
By Thomas Grillo
Rising interest rates and a cooling housing market did little to deter real estate investment trusts as they outpaced most stocks in 2006 while investors concentrated much of their capital into office and multifamily portfolios.
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