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Leisure Property Investor Buys Landmark Cambridge Hotel for $227M

By Steve Adams | Banker & Tradesman Staff | Nov 13, 2019 | Reprints | Unlock Link

A private equity fund that specializes in acquisitions of hotels and resorts has bought Cambridge’s Hyatt Regency Hotel for $226.3 million.

NAR Votes to Cracks Down on Pocket Listings

By James Sanna | Nov 13, 2019 | Reprints | Unlock Link

The National Association of Realtors’ board on Tuesday voted on a measure intended to crack down on the practice of “pocket listings,” where a real estate agent declines to list a sale on a multiple listings service, and instead markets the sale within a separate, informal network of brokers or others.

Transit Revenue Package ‘Hard to Build’ Without Gas Tax Hike

By State House News Service | Nov 12, 2019 | Reprints | Unlock Link

With a vote possible in the House next week on a transportation revenue bill, the details of such a package remain in development and its possible components include measures dealing with the gas tax and ride-share fees.

Harvard Names Finalists for Allston Campus

By Steve Adams | Banker & Tradesman Staff | Nov 12, 2019 | Reprints | Unlock Link

Three developers involved in large commercial projects in Boston and Cambridge are in the running to partner with Harvard University on its Enterprise Research Campus in Allston.

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Mayors, Muni Leaders Back 15-Cent Gas Tax Hike

By State House News Service | Nov 13, 2019 | Reprints

Dozens of Boston-area municipal leaders on Wednesday endorsed new or expanded transportation revenue options, including a 15-cent increase in the state’s 24-cent per gallon gas tax, as House lawmakers approach a vote on the topic.

Middlesex Savings Gives Away $742K to Local Nonprofits

Nov 13, 2019 | Reprints

Middlesex Savings Bank’s private charitable foundation has awarded more than $700,000 in grants to nonprofit organizations in eastern and central Massachusetts.

Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts

By The Associated Press | Nov 13, 2019 | Reprints

Fed Chairman Jerome Powell said the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy slows enough to cause policymakers to make a “material reassessment” of their outlook.

Employer Confidence on Upswing in October

By State House News Service | Nov 12, 2019 | Reprints | Unlock Link

Confidence among employers in Massachusetts continued its up-and-down trajectory in October, when the business community felt more optimistic about things.

Investment Manager Calls on Banking Industry to ‘Decarbonize’ its Balance Sheets

Nov 12, 2019 | Reprints | Unlock Link

A new report from Boston Common Asset Management finds that, while risk assessment tools and green banking industry initiatives have expanded in recent years, more changes are needed within the financial industry to manage climate-related risks.

Latest Blogs

Weighted Assets

Avidia Shows How Relationship Between Banks and Fintechs May Shift

Hudson-based Avidia Bank made a bold move last month, becoming the first community bank in the country to join The Clearing House’s real-time payments network and in the process showing how the relationship between fintechs and banks may soon start to shift.

Total Absorption

Building a Diverse Pipeline into CRE

Commercial real estate’s lack of diversity is a reflection of its word-of-mouth recruiting networks and the industry’s low profile among college students as a career option. Now, NAIOP-MA says its efforts to attack the problem are starting to pay off.

Housing Scene

Accessory Units Gain Traction Nationwide

Today, proponents of accessory units believe they will help ease housing shortages by expanding the options for people of all ages. Now, many communities throughout the country have been relaxing their restrictions against ADUs, or outright encouraging them.

Commercial Interests

Housing Haters Slowly Kill Best Hopes to Tame Home Prices

At a time when hundreds of thousands of new homes, condos and apartments are needed to across the Boston area, our best hopes of building our way out of the housing crisis are dying a death of a thousand cuts.