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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Berkshire Spotlight: Richmond
IN PERSON
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Designing the perfect building means little if it’s unable to withstand the effects of climate change. As urban design practice leader at Perkins+Will in Boston, Gautum Sundaram studies how projects from New England to Puerto Rico can fit into neighborhoods while standing the test of time.
WEEK OF MONDAY, JANUARY 14, 2019
RESIDENTIAL REAL ESTATE BY THE NUMBERS
75 Boston proposes to ban no-fault eviction of residents over the age of 75. See Week on the Web on page 2. Source: City of Boston
$1.8 million The purchase price of Berkshire County’s most expensive single-family home sale between August and October 2018. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
2019
CAN YOU DIG IT?
NEW GAS HOOKUPS COULD RESUME IN FEBRUARY
Realtor Anthony Lamacchia predicts 2019 will be the best year for homebuyers since 2015. See Opinion on page 5 for more of his predictions. Source: Anthony Lamacchia
Winter Street Opening Bans Remain an Obstacle
79
BY STEVE ADAMS
The number of people per square mile in Richmond, Massachusetts. See the town spotlight in By the Numbers on page 6. Source: U.S. Census Bureau
$8.12 million The combined price of two condominiums in Boston’s new 110 Broad Street building sold last week. The listing agent was Shannon McNamara of Campion & Co. See Gossip Report on page 8. Source: The Warren Group’s Statistics Module
60 percent The proposed increase in the purchase price threshold where an appraisal will be required by government-backed investors such as Fannie Mae or Freddie Mac. See Opinion on page 5 for more. Source: The Trump Administration
BANKER & TRADESMAN STAFF
T
he National Grid labor dispute is drawing to a close, but the effects on real estate development in 85 Greater Boston communities are expected to linger throughout the year as projects that already have been delayed for months wait for hookups. Large commercial developments are expected to face the biggest delays, said Tamara Small, CEO of NAIOP-Massachusetts. New state safety regulations enacted in December are expected to further complicate the process of connecting housing and businesses to the network starting in April. And winter bans on street openings in most communities narrow the window in which work can be completed, prompting calls for a one-time exception. Continued on Page 7
Jan. 21 The day National Grid’s union workers return to their jobs after the end of the lockout which left many new buildings in limbo without gas hookups. See Steve Adams’ story on Page 1 for more. Source: National Grid
Unless otherwise noted, all data is sourced from The Warren Group’s Mortgage Market Share Module, Loan Originator Module, Statistics Module and/or proprietary database. For more information please visit www.thewarrengroup.com/business/ datasolutions.
COMMERCIAL INTERESTS
TROLLING FOR PROFITS
Vibrant Amenities, Neighborhood Command High Office Rents
Plaintiffs Look for Extra Money from Mergers
By Scott Van Voorhis | Banker & Tradesman Columnist
By Bram Berkowitz | Banker & Tradesman Staff
Back Bay Beats the Seaport and Bank Sellers Frequently Sued by Shareholders Financial District, Every Time
Commercial Real Estate PAGE 3
Banking & Lending PAGE 8