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 Issue of December 31, 2007 
   

Foreclosures Reach New Highs
Petitions to foreclose in Massachusetts topped 3,000 in October, which marks the second time in 2007 that threshold was crossed.



Developers Face Constant Challenges
By Thomas Grillo
The year began with a storm of protest that forced Mayor Thomas M. Menino to withdraw his support for a 22-story dormitory on Beacon Hill.



Mortgage Meltdown Grabs Spotlight in 2007
By Amy Wyeth
“It was all mortgages, all the time,” remarked Massachusetts Bankers Association Senior Vice President for Government Affairs David Floreen, offering up his assesment of 2007.



Sales, Prices Feel Crunch In Bay State
By Aglaia Pikounis
2007 was a year that real estate industry watchers would rather forget.



Developers Face Constant Challenges
By Thomas Grillo
The year began with a storm of protest that forced Mayor Thomas M. Menino to withdraw his support for a 22-story dormitory on Beacon Hill.



Chase Home Finance Offering Refuge to Former WaMu Staff
By Amy Wyeth
The local job market is feeling the effects of the subprime mortgage-related fallout, but some employees of imploded or struggling national players still have options.



BRA Gets Chance to Consider Druker’s Plan for Shreve Site
By Thomas Grillo
As Back Bay residents battle construction of a pair of towers at the Prudential Center, a developer has filed plans to replace a former jewelry store overlooking the Boston Public Garden with a 9-story building.



Advocates Urging Legislators To Grow Tax Credit Program
By Aglaia Pikounis
Housing advocates are pushing lawmakers to expand and extend a program that developers have used to build about 2,100 affordable apartments in Massachusetts.




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