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Issue of November 12, 2007

East Boston Savings Gets OK for Stock Conversion
By Amy Wyeth
East Boston Savings Bank, one of Boston’s oldest and largest mutuals, plans to convert to partially stock-owned, according to documents it filed with the Securities and Exchange Commission this month.

Fenway Developer Decides To ‘Air’ on Side of Caution
By Thomas Grillo
Slumping home sales have forced the developer of an air rights project near Fenway Park to slash the number of dwellings in his proposed mega-development.

Things Getting Tight Within Rental Sector
By Aglaia Pikounis
The rental market is tightening in some pockets of Greater Boston, with steady demand fueling rent increases and keeping occupancy rates stable.

New Mortgage Rules Leave Industry Reeling
By Amy Wyeth
With foreclosure rates skyrocketing, new mortgage regulations will be implemented this week.

Hudson, Westborough Banks Add New Merger to Year’s Tally
By Amy Wyeth
Chalk up one more merger to 2007, a busy year in an increasingly competitive, expensive and diverse financial services environment in the Bay State.

Survey Respondents Don’t See New Roads Easing Traffic Woes
By Thomas Grillo
Three-fourths of Americans believe that smart development and the improvement of public transportation are better long-term solutions for reducing traffic than building new roads, according to a survey by Smart Growth America and the National Association of Realtors.

State’s Spike in Foreclosures Causes Land Court Backlog
By Aglaia Pikounis
The spike in foreclosures has created a backlog at the Massachusetts Land Court.

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