Massachusetts Real Estate & Financial News | Banker & Tradesman
By Sam Minton and Steve Adams | Banker & Tradesman Staff | Oct 18, 2024 | Reprints | Unlock Link 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.
This Week's Paper - Banker & Tradesman
Oct 13, 2024 · By Robert Cashman | Special to Banker & Tradesman | Oct 13, 2024 | Reprints | Unlock Link. With rent and mortgage payments encompassing almost half of one’s earnings in Massachusetts, it is becoming increasingly harder – and in some cases impossible – for residents to have financial stability.... Stay Connected.
Massachusetts Real Estate & Financial News | Banker & Tradesman
Catch up on award-winning news and insights for the Massachusetts banking, commercial, industrial, and real estate industries.
Wu Rejects Tax Compromise, Biz Leader Says - Banker & Tradesman
16 hours ago · A compromise between Boston business groups and Mayor Michelle Wu over a shift in Boston’s property tax structure remains elusive as the deadline to set tax rates for 2025 approaches. On Friday, a business coalition including commercial real estate developers group NAIOP Massachusetts renewed its ...
This Week's Paper - Banker & Tradesman
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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.
Fewer Agents, Appraisal Worries: What’s Next for Real Estate
2 days ago · The appraisal requires a commitment to learning a skill set and developing relationships. It’s not easy to get in or out of being an appraiser, so the number of appraisers won’t change,” Stone said. However, the “government-supported enterprises” Fannie Mae and Freddie Mac – the GSEs – and some federal housing and mortgage ...
Seller Deed Fraud Seems Hard to Stop - Banker & Tradesman
2 days ago · First, the fraud. According to numerous sources, more and more homeowners are falling victim to seller impersonation scams, in which a fraudster claims to own a property using phony documents as proof. If no one at the title company is eagle-eyed enough to notice the rip-off, and the local recording office doesn’t spot it, either, a new deed ...
Eastern, Cambridge Trust Finally Cleared to Merge
May 28, 2024 · Boston-based Eastern Bank announced Tuesday morning it had received regulators’ approval to merge with Cambridge Trust. The deal was originally announced last September, was approved by both banks’ investors Feb. 28 and is expected to close July 12, the bank said in an announcement. The all-stock deal is valued at $528 million. It will ...
Boston Faces a Bigger Office Crisis Than You Think
2 days ago · That Colliers report still put Boston’s overall office vacancy rate at an unhealthy 23.5 percent – 26.1 percent among unpopular class B buildings citywide and a painful 27.3 percent across all types of office buildings downtown. “It’s an uphill battle to get people back to work,” Evan Horowitz, executive director of the Center for ...