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 Issue of June 18, 2007 
   

Tribe Won’t Build Casino If Town Voices Opposition
By Thomas Grillo
The tribal leader of the Mashpee Wampanoags said he won’t build a controversial casino in Middleborough if the town votes against it.



Foreclosure Activity on Rise in Bay State
By Amy Wyeth
Foreclosure activity in Massachusetts is still on the rise. The number of foreclosure auctions advertised in the state nearly tripled in May compared to one year ago.



Mortgage Crisis Prompts Lenders, Investors to Increase Underwriting Standards
Part One of a Two-Part Series
By Amy Wyeth
The effects of the subprime lending crisis are far-reaching, affecting not only borrowers but lenders and mortgage brokers, as well.



Town Denied Farmland By 11 Votes
By Thomas Grillo
Eleven votes. That’s all it took to deny Hopkinton the chance to purchase more than 700 acres of farmland.



REBA Suit Moves Forward
By Aglaia Pikounis
A group representing real estate attorneys is once again going head-to-head with a company that is challenging the longtime practice of requiring lawyers to conduct real estate closings in Massachusetts.



Private School Plan on Hold
By Thomas Grillo
School’s out. One week after proposing a controversial K-12 private school as part of a $3 billion project in Boston’s Seaport neighborhood, the developer has changed his mind. The story was first reported last week on Banker & Tradesman’s Web site.



Governor Files Bill Designed To Prevent More Foreclosures
By Amy Wyeth
Gov. Deval Patrick filed much-anticipated legislation last week aimed at preventing future foreclosures in the state and helping some homeowners being foreclosed on to avoid being dragged into more financial trouble.



Boston’s Office Asking Rents Rise While Vacancies Decline
By Thomas Grillo
Downtown Boston’s office asking rents continued to rise in the second quarter while vacancies diminished, according to a preliminary report by real estate brokerage firm Meredith & Grew.



Residents Voice Concerns Over Towns’ Handling of CPA Funds
By Aglaia Pikounis
Residents of four communities complained to state legislators last week that towns are inappropriately using a state law that’s intended to create affordable housing and preserve open space.



MIT Report: Many Chapter 40B Projects Aren’t Being Built
By Aglaia Pikounis
Developers seeking permits to build mixed-income housing under the state’s controversial anti-snob zoning law are finding ways to work with towns and win approval in most cases.




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