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Issue of May 14, 2007

Foreclosure Activity Quickens in Bay State By Amy Wyeth The number of foreclosure auctions listed in Massachusetts newspapers more than tripled in April. Hub’s Condominium Market Seeing Both Ups and Downs By Aglaia Pikounis Condominium sales in downtown Boston took a nosedive during the first quarter of the year, but prices continued to escalate. Industrial Vacancies Drop in Boston Region By Thomas Grillo The amount of empty space in Greater Boston’s industrial market shrank in the first quarter, but the region’s overall vacancy rate is still in the double digits. Shrinking Market, Compliance Fuel Merger By Amy Wyeth A recent merger of mortgage companies on Cape Cod could be one of the first among many still to come. Massachusetts’ regulatory and underwriting climates are tightening as a result of troubles in the subprime loan market and rising foreclosures.		Mortgage Discharge Law Draws Praise as Its Anniversary Nears By Amy Wyeth As Massachusetts’ mortgage discharge law nears its first anniversary on July 1, its creators are pronouncing it a success. Despite Economic Concerns, Market Keeps Riding Strong By Thomas Grillo While concerns persist that the economic expansion will slow in 2007, commercial real estate continues to ride the momentum of five consecutive years of investment gains and solid market fundamentals, according to a study by Coldwell Banker Commercial and the National Real Estate Investor. Report: Mixed-Income Projects Aren’t a Big Drain on Services By Aglaia Pikounis New mixed-income housing developments are not a big drain on public services, including schools, according to a new report. Company President Anticipates Surge in Modular Popularity By Aglaia Pikounis Modular housing is one of the fastest-growing segments of the residential construction industry, according to the Modular Building Systems Council of the National Association of Home Builders.

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