Insurance
Fire-Damaged Westfield Property to Receive $28M Renovation
A 248-unit Westfield multifamily complex that was damaged in a 2018 fire will receive financing from MassHousing, enabling a nonprofit developer to begin a $28-million renovation project.
Coldwell Banker New England President Founds New Commercial Brokerage
Veteran local real estate executive Merit McIntyre has left his previous position as president of Coldwell Banker New England.
As Rent Payments Dip, Apartment Landlords Seek Assistance Fund
Two national organizations that represent apartment landlords are asking lawmakers for a new stimulus package aimed directly at households struggling to pay the rent because of the economic effects of the COVID-19 epidemic.
John Hancock Proposes Housing in Wellesley Office Park
John Hancock Life Insurance is seeking to build a 350-unit apartment complex as part of a smart-growth makeover for its 26-acre Wellesley Office Park near the junction of Routes 9 and 128.
Toll Brothers Buys Development Site in Cambridge Quad for $44M
Housing developer Toll Brothers has paid $44.1 million to acquire a site approved for a 525-unit apartment complex in Cambridge’s Quadrangle neighborhood.
Radius Bank Adds Insurance Offering for Personal Banking Clients
Boston-based online lender Radius Bank is expanding its digital marketplace to include life insurance offerings through the insurtech Ladder.
Boston’s Office Development Boom Accelerates
Office vacancies continued to fall in Boston while developers broke ground on projects that will add 2 million square feet of new workspaces in the second quarter.
Community Good Works
Members of the banking and real estate industries gave back to their communities in many ways in recent weeks, from building beds to making big-dollar donations to worthy causes.
Help Your Employees Stress Less and Be More Productive
Anxiety and stress – it’s a rare employee who hasn’t experienced their share of both. In fact, anxiety in the workplace costs the national economy an estimated $300 billion in lost productivity and absenteeism.
Apartment Developer Kicks Off $1B Fund With Boston Acquisition
A developer active in Malden Center’s transformation is teaming up with a real estate fund with plans to acquire $1 billion in apartment properties, including its initial investment in a Boston high-rise.
Insurtech Firm Expanding in Boston
A tech company that specializes in communications software for the insurance industry has signed a full-floor lease in Boston’s Financial District.
Community Good Works
Members of the banking, insurance and construction industries helped charitable causes in their communities with substantial donations in recent weeks.
Community Good Works
Members of the banking and real estate industries gave back to their communities in several ways last week.
A Look at Tax Breaks Business Owners Are Losing
As small business owners compile their income tax returns, they may have an unpleasant surprise – some popular business deductions have disappeared or been reduced under the new tax law.
MassChallenge FinTech Announces 2019 Inaugural Cohort
MassChallenge, a global network of zero-equity startup accelerators, has released its first ever cohort that will participate in the accelerator’s inaugural fintech program.
Personnel File
New hires join banks, engineering firms and real estate offices across the state.
AAA Ventures Into College Loan, Financial Aid Counseling
The American Automobile Association has launched a new college loan counseling program meant to help students and parents from Massachusetts go through the financial aid application process.
Community Good Works
In this week’s roundup of Community Good Works, banks, credit unions and insurance companies donated and sponsored events to benefit the Greater Boston community.
Rogers & Gray Insurance Opens Quincy Office
Rogers & Gray Insurance has opened a new office in Quincy, the company’s 10th location in the state.
Local Insurance Agents Claim $1B Impact in 2017
Insurance agents in Massachusetts employed more than 9,000 full-time workers in 2017, paying out about $714 million in salaries and another $107 million in benefits, including health insurance and pension payments, a new survey found.
This Week’s Newspaper
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