Guaranteed Rate Creates Two DEI Roles
Mortgage lender Guaranteed Rate has created two new roles to advance its diversity, equity and inclusion efforts.
Cummings Seeks to Expand Medford Biotech Cluster
Cummings Properties is proposing a 60,000-square-foot expansion of its Medford lab complex to meet spillover demand from life science companies.
Hingham Institution for Savings Sees Earnings Increase
Hingham Institution for Savings continued to see its net interest margin increase in the first quarter as earnings went up more than 600 percent compared to the first quarter of 2020, when banks were responding to the start of the pandemic.
Century Bank Sees 11 Percent Earnings Increase
In the quarter that ended just before announcing its sale to Eastern Bank, Century Bank saw its earnings increase by more than 11 percent compared to the same quarter last year.
Hub on Causeway Theater Latest to Go Dark
A pair of developers face uncertain futures for prominent retail spaces following theater operators decisions to cut the lights for good on their high-end Boston venues.
ZoomInfo Switches to Hybrid Workspace With Waltham Move
ZoomInfo employees will return to the office in a hybrid workspace model this summer after the firm signed a 100,000-square-foot lease at Hobbs Brook Real Estate’s 275 Wyman St. property, with plans to expand to 226,000 square feet.
Alexandria Buys 54-Acre Development Site in Norwood
Life science specialist Alexandria Real Estate Equities has acquired a 54-acre Norwood property with potential for additional commercial development for $105 million.
PNC Launches Tool to Reduce Overdraft Fees
PNC Financial Services Group Inc. has created a new digital tool to help customers avoid overdraft fees, with a pilot program showing that the tool helped reduce these fees by more than 60 percent.
Modular Housing Planned for 60-Acre Taunton Parcel
A pair of loans totaling $9 million from Rockland Trust Co. will enable a developer to acquire and develop a 55-and-over housing project featuring modular construction.
Davis Cos. Buys Metro North Portfolio for $44.25M
The Davis Cos.’ $44.25 million acquisition of a four-building portfolio in Wilmington and Methuen includes a 28-acre parcel that was recently approved for a 235,000-square-foot distribution center.
Riverside Lab Proposal Could Get Boost from Housing Choice
Mark Development’s proposal to add life science uses to its 1 million-square-foot Riverside development will be one of the first tests of Massachusetts’ three-month-old Housing Choice law which offers lower hurdles to rezone properties.
New Workers Credit Union Branch Features Hologram, Robot
While several banks have announced plans to reduce branch footprints in recent months, a local credit union just opened a new branch that shows one way financial institutions might change how customers interact with brick-and-mortar sites.
Two Financial Tenants Sign Leases at Cityside
Financial services tenants have signed a pair of leases totaling 36,818 square feet at The Davis Cos.’ Cityside office complex in Waltham.
Not just Eastern: Local Banks Increase Shareholder Dividends
With banks seeing strong financial results and expecting those returns to continue this year, several local institutions have recently announced plans to reward shareholders and increase their quarterly dividends.
Boston Office Vacancies Near 16 Percent Amid Class B Slump
Boston office vacancies hit 15.7 percent in the first quarter but signs of a gradual recovery are starting to emerge in the post-pandemic outlook, according to a brokerage report.
Cisco Beer Garden Returns As Seaport Reawakens
Cisco Brewers’ beer garden returns to Boston’s Seaport on Thursday afternoon as WS Development prepares to launch its outdoor dining season running through October.
Eastern Will Triple Market Share in Key County with Century Deal
Boston-based Eastern Bank will make its first bank acquisition since going public six months ago by acquiring Medford-based Century Bank in an all-cash deal valued at $642 million, a move that will triple Eastern’s market share in Middlesex County and mark its entry into marijuana banking.
Former Patriot Claims Homebuilder Behind Threats
Former New England Patriots linebacker Matt Chatham claims a Franklin homebuilder misled him about his company’s ability to complete a Wrentham “dream home” that Chatham had designed on his iPad, and had an acquaintance seek information on where his children attended school as the dispute escalated.
Boston Private: Silicon Valley Bank Wasn’t Only Potential Bidder
Less than three weeks before the shareholder meeting to decide whether Boston Private goes ahead with its proposed sale to the parent company of Silicon Valley Bank, Boston Private’s board of directors has again responded to an investor’s attempt to stop the transaction.
Approved Development Site Hits Market in South Boston
A fully-approved multifamily development site in South Boston is being marketed for sale after receiving approval for 38 apartments and ground-floor retail space.
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