Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Most MA Credit Unions Saw Positive First Quarter Growth
Most Massachusetts credit unions had positive net income during the first quarter despite the start of the coronavirus pandemic, according to data released by the National Credit Union Administration.
Surge in Boston Luxury Home Listings Tapers Off
A surge in new luxury listings that hit the Greater Boston market in May tapered off in June, according to new data from Zillow, but middle-market homes are still entering the market in droves.
Shawmut Begins Work on Sasaki-Designed Renovations to Boston City Hall Plaza
Boston Mayor Marty Walsh announced the start of construction for the renovation of City Hall Plaza Saturday. The renovation, it is hoped, will transform the plaza into a civic space for all residents, with universal accessibility, new civic spaces, increased environmental sustainability and infrastructure improvements.
Boston Reopens, Somerville Delays Phase 3
A week after most of the rest of Massachusetts, Boston is scheduled to enter the third phase of its coronavirus economic restart on Monday.
Senate Squelches Hopes of New Transportation Funding
The Senate will not take up a House-approved, half billion-dollar package of transportation tax and fee increases this lawmaking session, instead focusing attention on an omnibus borrowing bill that the Senate’s Transportation Committee chairman believes can be fully funded without new revenues.
Greylock FCU to Expand in New York
Pittsfield-based Greylock Federal Credit Union has broken ground on its first New York branch.
BHA Extends Eviction Moratorium
The Boston Housing Authority is extending its moratorium on “nonessential evictions” – all except those related to criminal activity or that are “necessary to protect the health and safety of BHA residents, employees, and others” – through the end of the year, Mayor Martin Walsh’s office announced Friday.
$700M Mass Pike Air Rights Project Launches
A $700 million development on a landmark Massachusetts Turnpike air rights parcel is beginning construction in Back Bay in spite of the uncertainties swirling around future demand for office, hotel and retail space.
Bond Leads $128M School Building Project
Bond Building Construction is leading a $128 million redevelopment project including demolition of the 59-year-old Maria Weston Chapman Middle School in Weymouth and construction of a new 221,000-square-foot building.
Muise to Retire from First Citizens’ Federal Credit Union
Peter Muise will retire as president and CEO of Fairhaven-based First Citizens’ Federal Credit Union. The credit union’s current chief operating officer will step in immediately as president and become CEO early next year.
Community Good Works
Banks and commercial real estate firms helped support their communities in several ways in recent weeks, including donations of meals to homeless shelters and college scholarships for graduating seniors.
COVID Homebuyers Face 90-Day Deadline Smoke Detector Inspections
Anyone who bought a home in Massachusetts since the start of the coronavirus pandemic now faces a countdown clock to get their homes’ smoke and carbon monoxide detectors inspected.
Survey Shows Community Bankers’ Outlook Remains Negative
Community bankers’ overall outlook on the economy remained negative in the second quarter, with bankers holding a range of opinions on business conditions, according to a quarterly survey by the Conference of State Bank Supervisors.
Boston Ranks Near Top in Gentrification Study
Income and home price gains were concentrated in a handful of neighborhoods in booming U.S. cities including Boston during a portion of the past decade, according to a study of wealth concentration and gentrification patterns.
Mass. Unemployment Dips Only 1.8 Percent
The number of people receiving unemployment assistance in Massachusetts dipped a mere 1.8 percent last week despite the impending start of another phase of the state’s economic reopening plan.
State’s COVID-19 Transmission Rate Slips Above Critical Threshold
Massachusetts is now the only New England state with a COVID-19 transmission rate that indicates rapid spread of the coronavirus, according to a website that has been compiling state data and tracking transmission trends.
Judge Sides With Wynn in Everett Eviction Lawsuit
A federal court sided with Wynn Resorts in a lawsuit which claimed that the Las Vegas casino operator encouraged an Everett landlord to terminate the lease of an auto body shop near its Encore Boston Harbor property.
Only Nine MA Lenders Join Fed Main Street Program So Far
The Federal Reserve Bank of Boston has published a state-by-state listing of lenders participating in the Main Street Lending Program.
Westbrook Seeks to Attract Lab Tenants in Watertown
Another redevelopment of commercial real estate in East Watertown is adding to the pipeline of future life science inventory in the inner suburbs.
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