Search Banker & Tradesman

Mixed Use Replaces Retail

The recent Chapter 11 filings by Sears and Toys R Us offer additional signs that conventional retailers – and the properties they anchor – face an uncertain future.

Investors Take the Long View

While prices of trophy commercial buildings have plateaued and transaction activity has cooled in Boston, one real estate category is testing new limits of what investors are willing to pay for a chance at a monster payoff down the road. Four redevelopment parcels totaling over 63 acres – all located a short ride on the Red Line from downtown – are on the market, offering a blank slate for new office, lab and residential projects. But each has limitations, as well as uncertainties about how much density will be allowed, adding an element of guesswork to the bidding wars.

Hot Property: 88 Black Falcon

With this bold, modern redesign and expansive new amenity spaces, we have converted the property into an appealing location for a diverse tenant base, including marine, industrial, high-tech, R&D and innovation firms seeking a one-of-a-kind urban waterfront environment.

After Midterms, Gridlock Puts Regulatory Relief Efforts on Hold

Don’t expect to see much in terms of federal banking legislation over the next two years, after contentious midterm elections saw Democrats take a majority in the House of Representatives, while Republicans increased their advantage in the Senate. Experts expect Congress to be muted when it comes to further discussions on regulatory relief, but...

A Credit Union for Farmers

Scott Budde previously worked in the investment management arm of TIAA and would go on to create the first division of the bank focused on social and impact investing strategies. Now he’s part of a group of stakehold­ers launching the first ever credit union in the country to lend exclusively to farmers and food entrepreneurs.

TD Garden Expansion Set to Open In December

Sports fans and North Station commuters will start to see big changes next month as the TD Garden unveils a 50,000-square-foot expansion and renovation including new concessions, a members-only social club and a new entrance on Causeway Street.

Pokeworks Announces Third Massachusetts Location

Fast-casual chain Pokeworks will bring its Hawaiian seafood-themed menu of specialty bowls, poke burritors and salads to Watertown’s Arsenal Yards in 2019, developers Boylston Properties and The Wilder Cos. announced.

FIs Look Into CECL, but Still Uncertain on Implementation

The majority of community banks and credit unions in Southern New England have started planning their adoption of the new Current Expected Credit Loss accounting method, but most have yet to identify exactly how they will implement this new standard.