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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
PAGE 6
County close-up: Plymouth Spotlight: Pembroke
Before they occupy their new buildings in Boston and Cambridge, global corporations such as Amazon, Wayfair and Boeing rely on Gaston Electrical to provide them with reliable connections to the grid. Michael Weber and his brother William split the leadership duties for the company, which has 275 employees.
IN PERSON
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WEEK OF MONDAY, SEPTEMBER 16, 2019
RESIDENTIAL REAL ESTATE BY THE NUMBERS
FROM HARLEYS TO HIPSTERS
A FIRST STEP IN
$389,000 The median single-family home sale price this year in Plymouth County. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
EVERETT SQUARE RENEWAL
6 Six investor/buyers are sought for a luxury Chatham home, through a new twist on the timeshare model. See Week on the Web on page 2. Source: Lifestyle Asset Group
$21,500 The nationwide average price of a timeshare interval in 2018. See Lew Sichelman’s column on page 4. Source: The American Resort Development Association
50 percent Half of timeshare owners “feel guilty” about not using their properties more. See Lew Sichelman’s column on page 4. Source: Lending Tree
Improved transit, like the city’s rush hour dedicated bus lane, is seen as critical to Everett’s attempts to attract investment in the 67-acre Everett Square urban revitalization district.
6,000 square feet The size of a home in this week’s Gossip Report, just steps from The Country Club. See page 9. Source: The Warren Group
The year-over-year increase in Brockton’s median home sale price. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
26th Boston placed 26th in a ranking of the nation’s largest housing markets by risk. See Week on the Web on page 2. Source: Redfin
48 The most expensive home in this week’s Gossip Report has a 48th-floor perch. Source: The Warren Group
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.
City Sees Potential to Revitalize 67 Acres of Downtown BY STEVE ADAMS BANKER & TRADESMAN STAFF
T
he city of Everett is sending the word to regional and national developers that its downtown is ready for a longoverdue refresh. And the message seems to be hitting its target.
City officials last year sought proposals for a mixed-use development in the heart of Everett Square, replacing a parking lot and aging row of commercial buildings. Only two developers responded, neither with a submission that met the city’s criteria. Fast-forward to late August, and a second request for interest produced five responses, including one global investor and a development group including a North Carolina developer, city officials said. The Everett Redevelopment Au-
thority will begin reviewing the proposals, which have not been made public yet, at its Sept. 16 meeting. “For the most part they are wideranging and offer a couple of different solutions, which is exactly the response that we were hoping for,” said Tess Kohanski, Everett’s economic development planner. “We’re interested in a mixeduse, high-density development. We’re seeing this as a catalyst for the entire neighborhood.”
COMMERCIAL INTERESTS
FINTECH WEEK
Menino, Flynn Administrations No Stranger to Pay-to-Play
Change Needed in Male-Dominated Field
By Scott Van Voorhis | Banker & Tradesman Columnist
By Diane McLaughlin | Banker & Tradesman Staff
Continued on Page 7
ZBA Scandal Just the Latest in Women Leaders Offer Strategies City Hall’s Rotten Real Estate History for Success in Fintech
Commercial Real Estate PAGE 3
Banking & Lending PAGE 9
Photo by Steve Adams | Banker & Tradesman Staff
7.72 percent