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Boston Office Vacancies Near 16 Percent Amid Class B Slump

By Steve Adams | Banker & Tradesman Staff | Apr 9, 2021 | Reprints | Unlock Link

Boston office vacancies hit 15.7 percent in the first quarter but signs of a gradual recovery are starting to emerge in the post-pandemic outlook, according to a brokerage report.

Eastern Will Triple Market Share in Key County with Century Deal

By Diane McLaughlin | Banker & Tradesman Staff | Apr 8, 2021 | Reprints | Unlock Link

Boston-based Eastern Bank will make its first bank acquisition since going public six months ago by acquiring Medford-based Century Bank in an all-cash deal valued at $642 million, a move that will triple Eastern’s market share in Middlesex County and mark its entry into marijuana banking.

Former Patriot Claims Homebuilder Behind Threats

By Steve Adams | Banker & Tradesman Staff | Apr 8, 2021 | Reprints | Unlock Link

Former New England Patriots linebacker Matt Chatham claims a Franklin homebuilder misled him about his company’s ability to complete a Wrentham “dream home” that Chatham had designed on his iPad, and had an acquaintance seek information on where his children attended school as the dispute escalated.

Boston Private: Silicon Valley Bank Wasn’t Only Potential Bidder

By Diane McLaughlin | Banker & Tradesman Staff | Apr 7, 2021 | Reprints | Unlock Link

Less than three weeks before the shareholder meeting to decide whether Boston Private goes ahead with its proposed sale to the parent company of Silicon Valley Bank, Boston Private’s board of directors has again responded to an investor’s attempt to stop the transaction.

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Not just Eastern: Local Banks Increase Shareholder Dividends

By Diane McLaughlin | Banker & Tradesman Staff | Apr 9, 2021 | Reprints | Unlock Link

With banks seeing strong financial results and expecting those returns to continue this year, several local institutions have recently announced plans to reward shareholders and increase their quarterly dividends.

Community Good Works

Apr 9, 2021 | Reprints | Unlock Link

Local banks contributed to a range of causes in recent weeks, from upgrades to local libraries and support for young mothers to support for affordable housing developers.

Janey Sees Fed Aid as Path to Fare-Free Bus Rides

By State House News Service | Apr 9, 2021 | Reprints | Unlock Link

Free public transportation “would be great,” according to Boston’s acting mayor, who also said Thursday that she hopes state officials are looking at ways to use federal aid to make transit more equitable.

Pandemic May Weigh on National CRE Recovery, Moody’s Says

By The Associated Press | Apr 9, 2021 | Reprints | Unlock Link

The distribution of COVID-19 vaccines is fueling optimism that Americans will increasingly return to the ways they used to shop, travel and work before the pandemic.

Cisco Beer Garden Returns As Seaport Reawakens

Apr 9, 2021 | Reprints | Unlock Link

Cisco Brewers’ beer garden returns to Boston’s Seaport on Thursday afternoon as WS Development prepares to launch its outdoor dining season running through October.

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

Who’s the Developer Behind One Mystic?

After eye-catching plans were released for the 29-story “One Mystic” apartment tower in Charlestown, questions remained about the little-known firm behind the project.

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Ditching the Full Home Inspection? Consider a Walk-Through

Nothing is more important in the sale of a house than an examination of the structure by an independent home inspector. But in today’s overheated selling frenzy, many buyers facing competition are crossing out the inspection clauses in their contracts.