Petitions to Foreclose Rise 67% In First Three Quarters of Year
By Aglaia Pikounis
The foreclosure crisis is battering Springfield, Worcester and Dorchester. They are among the Bay State communities most affected by foreclosure activity, which shot up 67 percent statewide during the first three quarters of the year, a new report shows.
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Hub Hot, Suburbs Cooler At Market Forecast Event
By Thomas Grillo
A mixed bag. That’s the outlook for commercial real estate next year. “Last year we wondered how long the investment sales volume would continue and now we know,” said Hans Nordby, research strategist at Property & Portfolio Research Inc. “Housing is a train wreck, home construction is in the tank and there’s limited job growth, factors that are holding us back. It’s the opposite of what we had five years ago.”
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Brokers Balk At State’s New Licensing Fees
By Amy Wyeth
A brand-new mortgage loan originator licensing requirement and fee, signed into law by Gov. Deval Patrick Nov. 29 and slated to go into effect next July, has raised the ire of some Bay State brokers and lenders.
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Bat Factory Carves Out Space At Fall River Industrial Park
By Thomas Grillo
Batter up. A Texas-based company that manufactures bats used by Boston Red Sox slugger David Ortiz broke ground last week for a new facility in Fall River. The opening for the $2.5 million building is scheduled to coincide with the start of the baseball season next spring.
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