Skating Club Sells Brighton Property, Eyes Norwood Site
The Skating Club of Boston has completed the sale of its 2-acre Brighton property to a Boston developer as it prepares to relocate to Norwood.
Berkshire Bank’s Chief Human Resources Officer Resigns
Since taking over at the end of last year, Berkshire Bank’s President and CEO Richard Marotta has made it clear he wants to focus on workplace culture, diversity and inclusion.
Boston Woman Sentenced for $2.7M Bank Fraud Scheme
A Boston woman was sentenced last week in federal court in Boston for her role in a scheme to embezzle more than $2.7 million from Bank of America using fraudulent donations to non-profit organizations.
Investment Firm Expanding In Seaport
AEW Capital Management is expanding at the Seaport East office tower after signing a new 12-year lease.
State Agency Leases Office Space In Worcester
A state agency has leased 7,686 square feet at Worcester’s Mercantile Center for new offices.
Gilbane & Hunt in Line to Manage WooSox Stadium Build
The Worcester Redevelopment Authority is poised to vote tomorrow to approve Gilbane Building Co. and AECOM Hunt as the project managers for the city’s newest professional sports facility.
Commercial Leases Inked for Maynard Office Buildings
Four Maynard office spaces have been leased to a sporting goods retailer, a medical data firm, a cable television provider and a robotics design firm.
Personnel File
Members of the banking and real estate industries were on the move this week. See who got promoted and hired.
South End Hotel, Hood Park Expansion Get Go-Ahead
After sitting vacant for decades amid failed redevelopment attempts, the Alexandria Hotel in Boston’s South End is due for a makeover and expansion.
Cannabis Growing Facility Projects Summer Completion
Construction of a cultivation facility generating 7,500 pounds of marijuana flower and 400,000 infused products is on track for a summer opening in southeastern Massachusetts.
Lynn Man Indicted For Money Laundering and Visa Fraud
A Lynn man was arrested and charged earlier this week in federal court in Boston in connection with money laundering and visa fraud.
North Shore Businesses Look to Form Own ‘Last Mile’ Transit Agency
North Shore business leaders frustrated at “last mile” gaps between the MBTA’s current routes and job centers are considering forming their own transit agency.
Gaming Commission Releases Agreement With Wynn
As part of a compromise to have a lawsuit against it dismissed, the Massachusetts Gaming Commission agreed to exclude certain information its investigators gleaned about allegations involving former casino magnate Steve Wynn from its forthcoming investigative report and will return some of the documents it obtained.
Recipients of Financial Literacy Education Grants Announced
More than 40 high schools across the commonwealth will receive a total of more than $123,000 in funding to expand or establish financial education programs, including eight first-time applicants.
Self-Storage Facility Planned for Historic Worcester Factory
A historic Worcester shoe factory is set to become a self-storage facility.
Community Good Works
Two banks made major contributions to organizations in their community this week.
Massachusetts’ Business Leaders Still Overwhelmingly White, Male, Report Finds
Organizations representing Massachusetts’ business community, including the banking industry, have come in for criticism from a new report on leadership diversity in the state from the Boston-based Eos Foundation.
Lender Buys Commercial Parcels at Union Point
A lender that provided a mortgage for 220 acres of development sites at Union Point took possession from master developer LStar Ventures on Wednesday, submitting the high bid of $18 million at a public auction.
Radius Bank Decides Not to Pursue State Charter
Radius Bank is reversing course on a prior decision to switch charters.
Boston Breaks Ground on 349-Unit Expansion of JP Housing Project
Dignitaries gathered Wednesday to celebrate the start of renovations to Boston’s Armory Street Apartments in Jamaica Plain and the groundbreaking for a 349-unit housing development being built on adjacent city land.
