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Issue of March 5, 2007

The historic Newton Highlands Station Depot has been offered for sale by the MBTA.

Plans to Sell Train Station Are Getting Back on Track
By Thomas Grillo
For Sale: a 120-year-old railroad depot overlooking the Green Line, needs TLC but could be the latest trendy restaurant, stylish office or upscale shop. Minimum Bid: $425,000.

Multifamily Sector Sustains a Hard Hit
By Aglaia Pikounis
The housing market’s downward spiral hit the multifamily sector hard.

Bank Mergers on Rise at Start of Year
By Amy Wyeth
In the first two months of 2007, eight bank merger applications are pending with the Massachusetts Division of Banks, with another one already finalized.

Eastern’s True Blue Campaign Designed to Reposition Bank
By Amy Wyeth
Eastern Bank is trying something new, something companies that are big – or want to be – focus on like a laser: creating a brand.

Company Brings Curtain Down on Proposal for Theater District
By Thomas Grillo
Months after a hotel and condominium tower was proposed for Boston’s Theater District, the developer has withdrawn the controversial plan, citing market conditions.

Bay State’s New-Home Market Likely to Trail Nation’s in 2007
By Aglaia Pikounis
The Bay State’s new-home sales market will be worse off than the nation’s this year, according to an economic forecast presented to local homebuilders.

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