By Jon Chesto Revs fans are going to have to wait longer for a shot at their goal: a soccer stadium in the heart of Greater Boston. Legislation that would have paved the way for a New England Revolution stadium to go up along the Mystic River in Everett was sidelined when state House and […]
By Konrad Putzier Foreclosures are surging in an opaque and risky corner of commercial real-estate finance, offering one of the starkest signs yet that turmoil in the property market is worsening. Lenders this year have issued a record number of foreclosure notices for high-risk property loans, according to a Wall Street Journal analysis. Many of these […]
By Erik Sherman To understand where interest rates might go, watching the actions of the Federal Reserve is important, of course, but so is monitoring yields of Treasury instruments. Whether bonds, notes, or bills, depending on the term, they have great sway. Treasurys are considered safe investments, and so are one of those practical baselines for […]
By Harold Bordwin The almost daily announcements in the press about defaults, foreclosures, deeds-in-lieu and, among other things, the forthcoming sale of Signature Bank’s $33 billion commercial real estate loan portfolio are ominous signs for the real estate community. They reflect the challenges facing commercial real estate owners and lenders in this age of elevated interest rates […]
By Greg Ryan Massachusetts is building significantly less housing than it was in the mid-20th century. Not coincidentally, the median home sale price has nearly doubled in the past decade to $600,000, far outpacing income growth. More people are leaving Massachusetts for other states than are moving here. Those problems are what the MBTA Communities zoning […]
By Jess Aloe GE is aiming to complete its spin off of GE Vernova in the beginning of the second quarter of 2024. When the split is complete, shares of Cambridge-based GE Vernova will be listed on the New York Stock Exchange under the symbol ‘GEV,’ while shares of Ohio-based GE Aerospace will continue to trade […]
By Greg Ryan Battery maker Factorial Inc. formally opened a 67,000-square-foot facility to manufacture batteries for electric vehicles in Methuen on Monday. The deal was the latest in a series of real estate expansions locally for clean energy companies. Democrats in Washington have sought to encourage the domestic production of EV batteries by including financial incentives for […]
By Lucia Maffei Form D Friday is a Boston Business Journal feature highlighting regulatory filings from Boston-area companies raising capital for new projects or expanding their businesses. Form D reports are a type of SEC form used to file a notice of exempt offerings of securities. The SEC requires companies file the notice within 15 days […]
By John Gittelsohn The value of distressed US commercial real estate neared $80 billion in the third quarter, its highest level in a decade, as rising interest rates and sagging office demand shook the property market. The value of buildings in bankruptcy, repossessed by lenders or in the process of liquidation increased by a net $5.6 […]
By Greg Ryan The Healey administration on Wednesday is expected to put forward sprawling $4 billion legislation meant to narrow the massive supply-demand gap in housing in Massachusetts, a bill that includes a controversial proposal to empower cities and towns to impose a fee on real estate transactions over $1 million. Gov. Maura Healey and her […]
