Residential Real Estate
Banks Could See Opportunity in HELOCs, Report Finds
Jul 18, 2019 | ReprintsHome equity lines of credit could be a major opportunity for lenders in coming years because many homeowners simply don’t know what they are.
Report: Housing 15 Percent of GDP Growth in Longest Economic Expansion Ever
Jul 18, 2019 | ReprintsGrowth in home prices contributed around 15 percent of the growth in America’s GDP during what is now the longest economic expansion in the country’s history.
Boston Mayor Lobbies Legislators to Add Public Defenders to Housing Court
By State House News Service | Jul 18, 2019 | Reprints | Unlock Link
Boston Mayor Marty Walsh returned to Beacon Hill on Tuesday to testify before one of his former committees on a bill that would direct the state to provide low-income tenants who are facing eviction with a court-appointed attorney for the eviction proceedings.
Raffles Hotel Names Lender and Equity Investor
By Steve Adams | Banker & Tradesman Staff | Jul 16, 2019 | Reprints | Unlock LinkCain International is partnering with the local developers behind the $400 million Raffles Boston Back Bay Hotel & Residences, which will replace the former Boston Common Hotel and Conference Center at 40 Trinity Place.
Winn’s Purchase of Peabody Housing Community Will Preserve Affordability
Jul 16, 2019 | Reprints | Unlock LinkWith $49.3 million in affordable housing financing from MassHousing, WinnCos. will preserve affordability for lower-income households at The Tannery in Peabody for another half-century.
Housing May Be Dropped from Southie Power Plant Redevelopment
By Steve Adams | Banker & Tradesman Staff | Jul 15, 2019 | Reprints | Unlock LinkMultifamily housing may be dropped from the proposed redevelopment of the former Boston Edison power plant property, developers said as they prepare to submit revised plans to the Boston Planning and Development Agency.
129 Units of Luxury Retirement Living Approved in Framingham
Jul 15, 2019 | Reprints | Unlock LinkA 129-unit, 55-plus luxury residential townhome community has been approved in North Framingham.
Personnel File
Jul 15, 2019 | ReprintsFinance and real estate professionals are making moves and receiving recognition across Massachusetts this week.
HUD DACA Policy Change Adds to Housing Woes
By Lew Sichelman | Special to Banker & Tradesman | Jul 14, 2019 | ReprintsThe Trump administration has decided the country’s 800,000 “Dreamers” – undocumented immigrants brought here as children but who have grown up here – are no longer eligible for federally insured mortgages, causing consternation and confusion among mortgage lenders.
Summer Is High Time to Recruit Your Most Dependable Agents
By Bernice Ross | Special To Banker & Tradesman | Jul 14, 2019 | Reprints | Unlock LinkWhile most people vacation during the summertime, right now is the best time of year to recruit some of the most dependable and profitable real estate agents you can hire. Who are those people? Teachers.
Finding Opportunity in Philanthropy
By Ryan LaVangie | Special to Banker & Tradesman | Jul 14, 2019 | Reprints | Unlock LinkIt’s the rare company that has not donated financially toward a community project, but the positive impact a local business can make by contributing in other ways can extend far beyond the occasional novelty check.
Property Preservationist Pleads Guilty in $10M Fraud Scheme
Jul 12, 2019 | Reprints | Unlock LinkA former East Greenwich, Rhode Island businesswoman admitted yesterday in federal court to utilizing her business and business contacts, including family members, friends and business associates, to operate a $10.3 million Ponzi scheme.
Kaplan Construction Leads Construction and Renovations in Holyoke
Jul 11, 2019 | Reprints | Unlock LinkNewton-based Kaplan Construction will lead a renovation and construction project for 229 units of mixed-income housing at the Holyoke Farms property in Holyoke.
Boston Rents Up 6 Percent in Last 12 Months
Jul 10, 2019 | Reprints | Unlock LinkResidential rents in the city of Boston have risen by 6 percent in the last 12 months to $2,400 per month, according to a new report by apartment listing service Zumper.
Over Two-Thirds of Waterfront Condos Presold in Hingham Shipyard Project
By Steve Adams | Banker & Tradesman Staff | Jul 9, 2019 | Reprints | Unlock LinkConstruction of a 77-unit waterfront condominium project at the Hingham Shipyard property has completed with 70 percent of the units presold.
The Warren Group Expands Reach with Addition of National Data
Jul 9, 2019 | ReprintsReal estate and mortgage data tracking company The Warren Group, publisher of Banker & Tradesman, is now offering mortgage data nationally, which will give lending professionals an expanded understanding of where they stand and how they are performing in the national mortgage market.
Climate Activists Back State Real Estate Taxes and Borrowing
By State House News Service | Jul 9, 2019 | Reprints | Unlock LinkThe governor and House speaker each have a similar plan to provide $1 billion over 10 years to help cities and towns prepare for and adjust to climate change, though the speaker wants to borrow the money while the governor is proposing a specific tax increase to fund his program. At a hearing Monday, activists and lawmakers suggested a third option – how about doing both?
Baker Administration Announces Funds for 760 New Workforce Housing Units
Jul 9, 2019 | Reprints | Unlock LinkMassachusetts is pouring an additional $86 million into creating 260 new workforce housing apartments and 500 homes for moderate-income, first-time buyers.
A Robot Butler Will Serve You at This Seaport High-Rise
By Steve Adams | Banker & Tradesman Staff | Jul 8, 2019 | ReprintsMiami-based developer Crescent Heights bills NEMA Boston as the city’s “smartest” new address, loaded with high-tech perks such as algorithm-dispatched elevators, interior LTE antennas and convertible furniture by Boston-based startup Ori Inc.
Massachusetts Can Use Senior Housing as a Vaccine
By Chrystal Kornegay | Special to Banker & Tradesman | Jul 7, 2019 | ReprintsIf housing instability or a lack of a service-rich environment drives overutilization of the health care system, health care providers should be able to write a prescription for an affordable home, equipped with supportive resident services.
