TOWERS IN TURMOIL
By Thomas Grillo
The credit crunch and a lack of office tenants have stalled a trio of major development projects in downtown Boston, according to commercial real estate sources.
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As Technology Use Expands, Days of Large Offices Waning
By Aglaia Pikounis
With real estate agents and consumers relying more heavily on technology such as mobile phones, e-mail and the Internet, the need for large offices with desks and elaborate phone and computer systems has gone the way of the dodo, industry experts say.
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Coakley Charges 5 In Latest Mortgage Fraud Scheme
By Amy Wyeth
Two bank employees, a mortgage broker, the broker’s assistant and a Worcester man have been indicted for allegedly creating false or misleading bank documents, according to Attorney General Martha Coakley.
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Energy Bill Strikes Down Non-Uniform Building Codes
By Aglaia Pikounis
Massachusetts builders and architects scored a win today when lawmakers struck a section of the state energy bill that they feared would have driven up construction costs and hurt economic development.
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Commercial Real Estate Outlook Gloomy
By Thomas Grillo
Commercial real estate deals have slowed to a crawl, a sharp contrast to one year ago when the outlook was filled with good news for office, building sales and retail.
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Mass. Home Sales, Prices Continue Steady Drop in May
Single-family home sales in Massachusetts continued their steady decline in May, falling nearly 13 percent compared to May 2007, according to a report released today by The Warren Group, Banker & Tradesman’s parent company.
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HOPE NOW Denies Shift to Broader Guidelines, Procedures
By Amy Wyeth
National mortgage servicer coalition HOPE NOW seemingly changed its tune last week and announced its members have adopted a “uniform set of procedures and guidelines” they will use to help mortgage borrowers facing foreclosure.
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