BPDA Approves 230-Room Hotel, 81 Affordable Units
By Steve Adams | Oct 15, 2018 | Reprints | Unlock Link

Boston Planning and Development Agency directors approved a 230-room hotel at the site of a former Leather District nightclub and 193 housing units, including 81 income-restricted units....

Century Bancorp, the holding company of Century Bank, continued to increase commercial and industrial lending, while also reporting double-digit income growth in the third quarter of this year.

Century Bank Reports Profitable Q3 Despite CRE Dip
By Bram Berkowitz | Oct 15, 2018 | Reprints | Unlock Link

Medford-based Century Bank had a profitable third quarter of the year, but saw total commercial real estate volume decline on an annual basis....

Two Marlborough Properties Sold for $18.1M
Oct 15, 2018 | Reprints

Calare Properties has sold two properties in Marlborough for $18.1 million. The buildings at 261 Cedar Hill St. and 753 Forest St. contain a combined 138,404 square feet of industrial flex and office space....

MassDEP Announces New Campaign to Combat Growing Stormwater Pollution Problem
Oct 15, 2018 | Reprints

The Massachusetts Department of Environmental Protection (MassDEP) has partnered with the Statewide Stormwater Coalition to launch a stormwater awareness campaign to help Massachusetts cities and towns comply with new federal stormwater management requirements....

Hornsea Divestment Limits Financial Impact of Orsted’s U.S. Investments
By State House News Service | Oct 15, 2018 | Reprints

Orsted's acquisition of Deepwater Wind, a move designed to strengthen the company's position in the U.S. offshore wind market, is positive from a business risk perspective but will have a negative impact on Orsted's leverage...

Personnel File

Oct 15, 2018 | Reprints

In this week’s Personnel File, banks, construction companies and law firms bolster their ranks with new hires and promotions....

 

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