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Free Buses, Gas Tax Hike Pitched in ‘New Deal for Transportation’

By State House News Service | Feb 25, 2021 | Reprints | Unlock Link

A three-step, 12-cent gas tax increase, fare-free MBTA and regional transit authority buses, new surcharges on parking space rentals and purchases, higher ride-hailing fees and more all featured in a new overhaul bill proposed by the Massachusetts Senate’s point person on transportation.

Deposit Surge Continued in Fourth Quarter

By Diane McLaughlin | Banker & Tradesman Staff | Feb 24, 2021 | Reprints | Unlock Link

Massachusetts banks saw the pandemic-induced deposit surge continue in the fourth quarter, as the year ended with a 25 percent increase in deposits compared to 2019.

Doyle’s Cafe Redevelopment Includes Grocer, Condos

By Steve Adams | Banker & Tradesman Staff | Feb 24, 2021 | Reprints | Unlock Link

Watermark Development unveiled plans to redevelop the former Doyle’s Cafe property in Jamaica Plain, including a new version of the storied neighborhood hangout, a small grocery and 23 condominiums.

BioMed Seeks Lab Switch for South End Development

By Steve Adams | Banker & Tradesman Staff | Feb 23, 2021 | Reprints | Unlock Link

BioMed Realty’s appetite for life science sites in Boston continues with the pending acquisition of a speculative office building nearing completion in South End.

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Winstanley Sells Grocery-Anchored Property for $35.5M

Feb 25, 2021 | Reprints | Unlock Link

Concord-based Winstanley Enterprises and Surrey Equities have sold a grocery-anchored retail center in Watertown for $35.5 million following the extension of a long-term lease by Stop & Shop Supermarket Co.

Procopio Completes Second Phase of Beverly Development

Feb 25, 2021 | Reprints | Unlock Link

Lynnfield developer Procopio Cos.’ newest multifamily project on the Beverly waterfront is offering up to two months free on some units as it opens its second phase.

Build-to-Suit Development Planned at Devens

Feb 24, 2021 | Reprints | Unlock Link

A 55,000-square-foot lease by a logistics company is bringing a new development project to Devens, the state-run business park.

Zillow Survey Suggests Vaccines Will Increase For-Sale Inventory – But There’s a Catch

Feb 24, 2021 | Reprints | Unlock Link

A national survey by Zillow suggests a successful COVID-19 vaccine rollout could help ease the inventory crunch blamed for the rapid run-up in home prices.

Powell: Recovery Incomplete, High Inflation Unlikely

By The Associated Press | Feb 24, 2021 | Reprints | Unlock Link

Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.

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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.