Massachusetts Real Estate & Financial News

Suburban Boston Price Appreciation Slows, Report Finds

By James Sanna | Banker & Tradesman Staff | May 18, 2022 | Reprints | Unlock Link

Could the suburban shift in Greater Boston homebuyer demand be on the wane? That’s what Zillow researchers are suggesting in a new report out this morning.

Winn Development Proposes Exchange Salem at Gateway Parcel

By Steve Adams | Banker & Tradesman Staff | May 18, 2022 | Reprints | Unlock Link

Winn Development is seeking approval for 120 units of mixed-income housing in Salem while it studies potential uses for the second phase of the Exchange Salem project at a former courthouse and county commissioners’ building.

Home Sales Keep Dipping in Mass. as Affordability Shrinks

By James Sanna | Banker & Tradesman Staff | May 17, 2022 | Reprints

The number of home sales across Massachusetts took another hit last month – typically the heart of the busy spring homebuying season – as prices for single-family homes hit an all-time high according to new data from The Warren Group, publisher of Banker & Tradesman.

Vertex to Anchor Next Marine Park Lab Development

By Steve Adams | Banker & Tradesman Staff | May 17, 2022 | Reprints | Unlock Link

Vertex Pharmaceuticals will occupy a new life science building at 22 Drydock Ave. in South Boston, bringing its commercial footprint in the neighborhood to over 1.9 million square feet.

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Massachusetts Taxpayers Foundation President Eileen McAnneny speaks from a podium

McAnneny to Retire from Taxpayers Foundation

By James Sanna | Banker & Tradesman Staff | May 18, 2022 | Reprints

Eileen McAnneny, the first woman to lead the influential Massachusetts Taxpayers Foundation and a public policy “powerhouse,” plans to retire at the end of this year.

CSBS CEO John Ryan Dies at 58

By Diane McLaughlin | Banker & Tradesman Staff | May 18, 2022 | Reprints | Unlock Link

John W. Ryan, who spent more than a decade leading the trade group for state bank supervisors, died unexpectedly Monday night at age 58.

Powell: Fed to Keep Hiking Rates Until it Controls Inflation

By Christopher Rugaber | The Associated Press | May 18, 2022 | Reprints

Chair Jerome Powell on Tuesday underscored the Federal Reserve’s determination to keep raising interest rates until there is clear evidence inflation is steadily falling.

Timeline Presented For Fed’s Probe Of MBTA Safety Issues

By Chris Lisinski | State House News Service | May 18, 2022 | Reprints

MBTA officials expect a federal safety probe of the transit system to continue for at least “the next few weeks” and have their eyes on “late summer” for the Federal Transit Administration to announce its findings.

Housing Going Up At Former Hyannis Nursing Home Site

By Michael P. Norton | State House News Service | May 18, 2022 | Reprints

The state’s economic development agency has partnered with BankFive to provide nearly $12 million in loan financing to developers who plan to build a 53-unit mixed-income apartment complex in Hyannis.