Massachusetts Real Estate & Financial News | Banker & Tradesman
Moderna Buys Norwood Campus for $400M. 319-Unit Housing Development Proposed Near Lexington Center. J.D. Power: Bank Customers Reward Fraud Prevention, Resolution. Needham Backs Plan for 3,300 Housing Units. Court Rules Somerville Underpaid, Owes $30M on Inner Belt Property. Community Good Works. Aiming to Shrink Housing Costs, Boston Firms ...
This Week's Paper - Banker & Tradesman
Nov 3, 2024 — By Lew Sichelman | Special to Banker & Tradesman | Nov 3, 2024 | Reprints | Unlock Link. ‘Beetlejuice Beetlejuice,’ the sequel to the 1988 Tim Burton horror comedy, raked in $110 million during its opening weekend in September. But how much would it cost to buy the Connecticut house where most of the movies’ action takes place?...
Trump’s Agenda Clouds the Outlook for Mortgage Rates
1 day ago — The National Association of Realtors estimates that the average rate on a 30-year mortgage will bounce between 5.5 percent and 6.5 percent during Trump’s second term. “If the Trump administration can lay out a credible plan to reduce the budget deficit, then mortgage rates can move downward,” said Lawrence Yun, NAR’s chief economist.
Wall Street Already Picking CRE Winners and Losers Under Trump
2 days ago — Here are some of the biggest winners and losers, in Wall Street’s eyes, that could affect the real estate and finance worlds: Bank stocks could benefit if Trump’s policies boost the U.S. economy and more customers apply for loans. In addition, Wells Fargo banking analyst Mike Mayo believes the Trump victory can usher in a “new era” of ...
Mass. CRE Lending Jumped in Q3, But Banks’ Share Dwindled
2 days ago — Finance companies and other non-bank lenders increased their market share year-over-year, from 37.11 percent of all loan volume in the third quarter of 2023 to 44.07 percent in the third quarter of 2024. Overall commercial mortgage volume jumped 80 percent in Massachusetts year-over-year in the third quarter, to $8.87 billion.
BT This Week's Paper Archives - Banker & Tradesman
Two years after being hit with a disastrous $35 million loss in its cryptocurrency mining loan portfolio, the Amesbury-based bank is flying high as New Hampshire’s fastest-growing CRE lender. The 214-unit South Standard apartment building is the first phase of the 792,400-square-foot Washington Village development in South Boston.
Banker & Tradesman's Best of 2024
5 days ago — Welcome to the results of the 17th annual Banker & Tradesman readers’ poll, in which our readers cast their votes for the best providers of services and goods in the banking and real estate professions. This is a subjective, not objective, poll. It does not measure who writes the most business, who has the most revenue or serves the most ...
Small Developers Are Key to Building More Homes, But They Need …
May 5, 2024 — By unlocking a new generation of infill developers supported by a broader systems changes that make it easier to permit and finance housing. This will require us to move beyond implementing zoning reforms like MBTA Communities. Today, it’s more difficult than ever for smaller developers to produce housing due to restrictive local zoning ...
Banking and Capital Markets News - Banker & Tradesman
Nov 4, 2024 — Rockland Trust Facing $54.6M Non-Performing Route 128 Office Loan. by Sam Minton | Oct 18, 2024. While Rockland Trust saw deposit and net interest margin growth, a $54.6 million office loan was reclassified as non-performing executives said Friday morning, hampering the gains the bank made in the third quarter. « Older Entries.
The B&T Daily: Mar. 1, 2024 - Banker & Tradesman
The B&T Daily: Mar. 1, 2024. A developer that’s encountered neighborhood opposition to its most recent Boston projects has found a more welcoming climate in the suburban Medfield, and recent grants from the Healey administration toward a $235 million housing project. Boston-based Trinity Financial was awarded nearly $5 million from a pair of ...