Paradigm Properties Buys Watertown Offices for $63.8M
With occupancy of the 201,998-square-foot converted mill complex at 98 percent, Spear Street Capital has sold Riverworks at Aetna Mills in Watertown to Boston-based Paradigm Properties.
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Eastern Bank Appoints Bain Capital Executive to Board
A Bain Capital executive is now on the board of directors at Eastern Bank.
Webster Bank Falls Behind Deposit Goal in Boston
When Webster Bank expanded into Boston in 2016, its goal was to raise $1 billion in deposits within the first five years. And at the beginning of this year, the bank reported being on target to hit that goal.
Quincy Affordable Housing Community Purchased
The Asian Community Development Corp. (ACDC) of Greater Boston has purchased Martensen Village, a 12-unit affordable housing community in Quincy.
Nearly 36 Miles of Pipeline Replaced after Gas Explosions
The utility company involved in last month’s explosions and fires in Massachusetts said it has replaced nearly 36 miles of main pipeline in the area.
‘Hub of Lower Cape’ Gets Lift with Infrastructure Grant
The town of Orleans plans to use a new state infrastructure grant to completely rebuild its Main Street, a project that Sen. Julian Cyr says will make “the hub of the Lower Cape” safer and easier to navigate for walkers and bicyclists.
Property Manager Expands Portfolio with Eight New Residential Complexes
Oct 22, 2018 | Reprints
Boston-based residential property manager Barkan Management has secured eight new commitments to manage multifamily properties totaling nearly 1,300 units in Massachusetts, Rhode Island and the mid-Atlantic region.
Boston Private Executives Explain Latest Divestiture and Layoffs
The recent divestiture in wealth management subsidiaries could free up capital for future acquisition opportunities, while staff reductions were an attempt to make up for slow growth, Boston Private executives said on an earnings call last week.
Abington Man Sentenced for Robbing Three Banks
Oct 22, 2018 | Reprints
An Abington man was sentenced last week in federal court in Boston for robbing three Boston-area banks.
Labor Force Grows, Jobs Down by Over 6K in September
Massachusetts lost 6,200 jobs in September and the unemployment rate remained at 3.6 percent, according to new data.
Lawmakers Agree to Some of Baker’s Tax Proposals
The $540 million supplemental budget on Gov. Charlie Baker’s desk includes some tax law changes sought by the Republican governor, but not all of them.
Personnel File
Oct 22, 2018 | Reprints
In this week’s roundup Personnel File, banks, law firms and mortgage companies hire new talent into leadership positions.
Democratic Strategists See Affordable Housing as Election Issue
Did you hear the news? Top Democratic strategists now believe that sky-high home prices and the dearth of affordable housing can be a winning issue in the 2020 presidential race.
Legal Compliance as a Competitive Advantage
By Benjamin Giumarra | Oct 21, 2018 | Reprints
There is no question that the compliance, legal, risk, quality and similar departments (referred to as “compliance” for rest of article) within financial institutions have historically operated as cost centers, rather than drivers of beneficial change or a real competitive advantage.
Editorial Cartoon: Democrats Take on Affordable Housing as Campaign Issue
Democrats are starting to look at affordable housing and rising home prices as a potential campaign issue for the 2020 presidential race.
Housing Challenges Will Stunt State Economic Growth
By Chrystal Kornegay | Oct 21, 2018 | Reprints
The math underpinning Massachusetts’s affordable housing challenges looks stark.
Hot Property: Harmonic Drive Headquarters
Oct 21, 2018 | Reprints
Construction of a new 100,000-square-foot headquarters for manufacturer Harmonic Drive LLC is under way in preparation for a summer 2019 opening.
October 22, 2018
Oct 21, 2018 | Reprints
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Bailing Out the Boston Waterfront
Waterfront barriers, living shorelines and elevated roads from East Boston to Dorchester are key elements of Boston’s resiliency strategy to protect billions of dollars in real estate from rising seas.
Economic Opportunity Zones Could Help Banks Boost CRA Credit
Lawmakers in Washington spent the last few months of 2017 arguing over the Tax Cuts and Jobs Act, which would eventually pass, slashing the corporate income tax and reducing the income tax, along with a host of other provisions.
