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| Gordon Switzer, a plumbing and heating business owner in Stoneham, had his $180,000 line of credit from Citibank cut to $10,000. The bank cited declining home values for the decision despite that fact that Switzer says he’s never missed a payment. |
Hub Apartment Rents Rise
By Aglaia Pikounis
Despite the sluggish economy and talk of recession, apartment rents in the Boston metropolitan area climbed 3.3 percent in the first quarter, a new report shows.
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A Notice to Our Readers
Next week’s issue of Banker & Tradesman will mark the beginning of an exciting new chapter in its 136-year-old history.
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SJC Backs Lexington Developer
By Aglaia Pikounis
The Supreme Judicial Court has thrown out an abutters’ lawsuit to block an affordable housing development in Lexington.
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Mass. Foreclosure Deeds Peak In March
The number of foreclosure deeds more than doubled in March when compared to the same month the year before, hitting their highest mark since 2005, according to The Warren Group, parent company of Banker & Tradesman.
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