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Seaport District Lands Big Life Science Headquarters

By Steve Adams | Banker & Tradesman Staff | Jul 18, 2019 | Reprints | Unlock Link

Cambridge-based Foundation Medicine has signed the biggest commercial lease in Boston’s Seaport District in eight years, consolidating 1,100 employees at 400 Summer St. and giving new momentum to the neighborhood’s growing life science cluster.

Car Financing Fintech Hauls in $150M in Debt and Equity Financing

Jul 18, 2019 | Reprints

Lendbuzz, a fintech company that aims to disrupt the existing car financing market using machine learning algorithms, recently announced that it has secured an additional $150 million in debt and equity financing.

Hotel and Affordable Housing Proposed in South Cove

By Steve Adams | Banker & Tradesman Staff | Jul 18, 2019 | Reprints | Unlock Link

A hotel, new Chinatown branch of the Boston Public Library and 171 income-restricted housing units would be part of a new South Cove development that fulfills Millennium Partners’ affordable housing obligations from its Winthrop Center tower.

Report: Housing 15 Percent of GDP Growth in Longest Economic Expansion Ever

Jul 18, 2019 | Reprints

Growth in home prices contributed around 15 percent of the growth in America’s GDP during what is now the longest economic expansion in the country’s history.

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Banks Could See Opportunity in HELOCs, Report Finds

Jul 18, 2019 | Reprints

Home equity lines of credit could be a major opportunity for lenders in coming years because many homeowners simply don’t know what they are.

Berkshire Bank Taps Longtime Community Organizer for New Role

Jul 16, 2019 | Reprints | Unlock Link

Berkshire Bank has solidified “its commitment to deepening relationships with the communities [it serves]” by hiring longtime community organizer and activist Malia Lazu as its new chief experience and culture officer and executive vice president.

KeyBank Realigns Boston, Connecticut and Western Mass. Markets Under New Leadership

Jul 15, 2019 | Reprints | Unlock Link

KeyBank will align its Boston commercial banking market with its Connecticut and Greater Springfield presence to form the Connecticut/Massachusetts Market.

129 Units of Luxury Retirement Living Approved in Framingham

Jul 15, 2019 | Reprints | Unlock Link

A 129-unit, 55-plus luxury residential townhome community has been approved in North Framingham.

Personnel File

Jul 15, 2019 | Reprints

Finance and real estate professionals are making moves and receiving recognition across Massachusetts this week.

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

A Robot Butler Will Serve You at This Seaport High-Rise

Miami-based developer Crescent Heights bills NEMA Boston as the city’s “smartest” new address, loaded with high-tech perks such as algorithm-dispatched elevators, interior LTE antennas and convertible furniture by Boston-based startup Ori Inc.

Housing Scene

HUD DACA Policy Change Adds to Housing Woes

The Trump administration has decided the country's 800,000 "Dreamers" – undocumented immigrants brought here as children but who have grown up here – are no longer eligible for federally insured mortgages, causing consternation and confusion among mortgage lenders.

Commercial Interests

The Convention Business’ Future is in Everett, Not Boston

Everett’s big win landing the Encore Boston Harbor casino promises to be a gift that will keep on giving for many years to come, with the resort set to become a player in the competition to host corporate meetings and conventions.

Latest Blogs

Weighted Assets

Avidia Shows How Relationship Between Banks and Fintechs May Shift

Total Absorption

A Robot Butler Will Serve You at This Seaport High-Rise

Housing Scene

HUD DACA Policy Change Adds to Housing Woes

Commercial Interests

The Convention Business’ Future is in Everett, Not Boston

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