While the broad standards for business loans have remained unchanged, loan officers at U.S. banks reported tightening lending standards on commercial real estate loans and a weaker demand for both types. According to a quarterly survey conducted by the Federal Reserve, banks reported stricter standards for construction and land development loans as well as loans […]
Looking for a new way to save money and be more environmentally friendly? Smart windows have technology that can alter the tint of the window based on the weather. Currently in more than 1,300 buildings, these smart windows can either have active glass that lightens and tints in response to electricity or passive glass that […]
Cranes are busily rolling up and down at 120 Kingston Street and construction workers are working hard on 1 Greenway. A couple blocks away at downtown crossing, the Millenniums Tower is rising. That is the scene you will see when walking through Boston Chinatown, the third biggest one in the United States. From the day […]
President Obama released the budget of $100 million in federal fiscal year 2015 supporting the MBTA (Massachusetts Bay Transportation Authority) Green Line Extension project (GLX) which benefits the economy and environment of Somerville and Medford communities in the upcoming several years. “The Green Line Extension offers Somerville and the region both economic justice and environmental […]
Chelsea, Massachusetts is in the midst of a historic agreement for the city; The City Council unanimously endorsed a resolution, which authorizes City Manager Jay Ash to enter into a $2.5 million a year deal for Surrounding Community Agreement with Mohegan Sun. Manager Jay Ash and City Council President Matt Frank discussed the agreement, and […]
Community Cooks is a volunteer organization serving meals to those in the community who need it. Community Cooks has grown tremendously recently since first starting up in Somerville twenty-three years ago. It started out as a few neighbors cooking hot meals for the Somerville Homeless Coalition. But the idea of this and the charity work […]
The easiest and most efficient way to commute around and in the Boston area is by riding the T. It is a common use of transportation that many citizens use. The “T” has stations all throughout Boston and in neighboring areas. A nub on the T, connecting the Blue and Green Lines is Government Center […]
Dunkin’ Brands, which includes Dunkin’ Donuts restaurants and Baskin Robbins, has announced that they’re planning to open up to 410 new franchises across the United States in 2014. Currently, Dunkin’ Brands is on a 5% net annual development rate, and plans to stay on that path throughout this year. Dunkin’s Brands has been privately owned […]
Fuji is coming to Somerville as part of the ongoing development of Assembly Row. Julian Lewis of ABG Realty was the sole broker in the transaction of 4,361 square feet of restaurant space between the JP Fuji Group and Federal Realty Investment Trust, the group behind the Row’s construction. This massive urban mixed-use development hopes […]
The University Station project in Westwood has been delayed for years. As the state’s largest development project, many are excited to see the dormant project take shape again. Phase 1 was anticipated to be competed by fall of 2014, but the project stalled in 2010. The location is ideal, just off I-95, and major retailers […]
