OCC Looking to Build New CRA Measurements
The regulator wants feedback from banks before creating new performance standards for its controversial revamp of the anti-redlining law.
151 Apartments Sought in Expansion of JP Commercial Building
A Jamaica Plain restaurant supplier’s property is the latest potential proving ground for Boston’s compact living program.
Troubled Gym Chain BSC Sued By Mass. AG
The gym chain allegedly continued to charge membership fees even after closing its facilities in March because of the coronavirus pandemic, then failed to refund those fees when requested.
State Still Deciding Who Gets COVID Vaccine First
Promising clinical trial results for three potential COVID-19 vaccine are fueling the debate about when people may actually get vaccinated, and Gov. Charlie Baker said Monday that he expects activity to start early next year and ramp up from there.
Newburyport TOD Gets $19.3M in Financing
Financing from Rockland Trust Co. and Newburyport Bank is supporting a 76-unit transit-oriented development scheduled to open next to the MBTA commuter rail’s Newburyport station in early 2021.
Nonprofit Delivers Virtual STEM Lessons from New Beverly HQ
A nonprofit that received a $100,000 grant from the philanthropic arm of Cummings Properties in 2013 is one of the Woburn developer’s newest tenants.
Conforming Loan Limit in Greater Boston Raised to $724,500
The maximum conforming loan limit for mortgages to be acquired by Fannie Mae and Freddie Mac will increase by almost 7.5 percent in 2021.
Worden to Become Greenfield Cooperative Bank’s New Leader
Anthony Worden will become Greenfield Cooperative Bank’s next president in January and then take over as CEO when current leader Michael Tucker retires in 2022.
Next Phase of Alewife Redevelopment Ready to Begin
The Davis Cos. is set to break ground on the next 155,000-square-foot phase of its Quad campus in early 2021 after attracting South Boston-based Gingko Bioworks to the West Cambridge portfolio.
CoStar Buys Real Estate Software Platform Homesnap
Commercial real estate listings and data giant CoStar waded into the residential real estate space Monday, announcing a $250 million deal to acquire Homesnap.
Randolph Apartment Complex Sold for $130.25M
A large Randolph apartment complex has been acquired by a Chicago multifamily investor that specializes in middle-income housing acquisitions.
The T’s Fare Slide May Be Worsening
For several months, warnings about the MBTA’s dire financial outlook have come alongside reports of low, but better-than-expected, fare revenue amid the pandemic. That streak is now over.
Cambridge Weighs Indoor Dining Pause
While cities like Cambridge and Pittsfield take steps to suspend indoor dining, Gov. Charlie Baker said he had not seen data that would support a statewide shutdown of restaurant table service.
What Does Yellen’s Treasury Role Mean for Economy?
President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies, according to a person familiar with the transition plans.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
COVID-19 Surge Drives Bank Lobby Closings
With the surge in coronavirus cases continuing, some Massachusetts banks and credit unions have once again started shutting down their lobbies.
Life Science Developer Raises Another $1.7B
One of Greater Boston’s fastest-growing life science landlords has another $1.7 billion to spend on acquisitions.
Incoming President Apologizes for NAR’s Past Contributions to Racial Inequality
One of the first official actions Charlie Oppler took as the 2021 president of the National Association of Realtors was to issue a formal apology for the group’s contributions to racial segregation and inequality.
Mnuchin Denies Trying to Limit Biden’s Economic Options
Treasury Secretary Steven Mnuchin denied on Friday that he is attempting to limit President-elect Joe Biden’s options for reviving the pandemic-damaged economy by ending several emergency loan programs being run by the Federal Reserve.
King Street Begins First Phase of 700K SF Devens Project
After acquiring 45 acres of development sites at the Devens business park, Boston-based King Street Properties has broken ground on its first biomanufacturing facility.
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