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MassHousing closes on $25.25m in affordable housing financing

Roxbury, MA MassHousing has closed on $25.25 million in affordable housing financing to an affiliate of Vitus, for the preservation and rehabilitation of 82 affordable housing units.

City Realty Group donates meals to Mass. General Hospital COVID-19 unit heroes

Boston, MA City Realty Group donated 100 meals to feed nurses and other frontline staff at Massachusetts General Hospital (MGH). The dinners were specially prepared at Lower Mills Tavern by executive chef Cara Marie Nance and presented to MGH staff

Retailers must adapt to survive - by Marc Angelone

Retailers who can quickly realign their business models to adapt to the restrictions placed on their operations due to the COVID-19 pandemic will be the ones that best weather this unprecedented storm.

Paycheck Protection Program Flexibility Act – Needed changes to CARES Act - by Bowman and Wang

After more than two months of implementation issues, outcry, and adjustments, Congress passed the Paycheck Protection Program Flexibility Act of 2020 (Act) on June 3rd, which was signed into law on June 4th.

Regulators loosen appraisal standards during COVID-19 - by Christopher Yates

Federal regulators have thrown another lifeline to a slowing housing market by further loosening the rules around appraisals. On April 14th, 2020, the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC)

Glennon of Atlantic Commercial Real Estate handles 3,000 s/f lease

Stoughton, MA Atlantic Commercial Real Estate, LLC completed a lease totaling 3,000 s/f bringing Pro-Care, Inc. to 200 Cushing Dr. The transaction keeps this building of industrial condos

IBEW Local 103 and NECA donate $50,000 to mayor Walsh’s Boston Resiliency Fund for COVID-19 relief

Boston, MA The International Brotherhood of Electrical Workers (IBEW) Local 103 and the National Electrical Contractors Association (NECA) of Greater Boston, donated $50,000 to the Boston Resiliency Fund, the initiative mayor Martin Walsh

WuXi Biologics to build $60 million biologics production facility

Worcester, MA WuXi Biologics (WuXi Bio), and Worcester Business Development Corp. (WBDC) have signed a land deal for WuXi Biologics’ clinical and commercial manufacturing facility (MFG11) at The Reactory, a 46-acre master-planned biomanufacturing campus.

Spring Air leases 4,550 s/f at Cummings’ TradeCenter 128

Woburn, MA Spring Air is relocating its corporate headquarters from Everett St. in Chelsea to a 4,550 s/f space at TradeCenter 128. The international mattress company is expected to occupy its new offices at the Cummings Properties managed campus in July.

Now, where are we? - by Carol Todreas

The horrible vandalism and looting of retailers might have placed the last nail in the coffin for independent brick and mortar stores and their contribution to our communities. Already hurting from lock-downs, now they have to repair damaged storefronts