10 Leases Signed At Brickstone Square Wednesday, November 19, 2008 (252 reads)
Colliers Meredith & Grew recently represented Transwestern Investment Co. as the landlord in 10 leases totaling 77,177 square feet at Brickstone Square in Andover.
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Wainwright Bank Receives $25M In New Markets Tax Credits Wednesday, November 19, 2008 (245 reads)
The U.S. Department of the Treasury has awarded Boston-based Wainwright Bank & Trust Co. and Affirmative Investments Inc. a $25 million allocation in the sixth round of the federal New Markets Tax Credits (NMTC) program.
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Historic Weston Buildings To Be Renovated Wednesday, November 19, 2008 (282 reads)
The historic Josiah Smith Tavern and Old Library in Weston’s town center will be renovated for re-use. Scheduled for 2012 opening, the project will reconnect two historic, centrally located buildings with the day-to-day functions of the community and provide Weston with a casual dining restaurant.
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National October Housing Starts, Permits At Record Low Wednesday, November 19, 2008 (308 reads)
Construction starts on new U.S. homes fell to a record low in October, as did new applications for building permits, data showed on Wednesday, signaling that the national housing downturn may extend well into the future.
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More Local Banks Say No To TARP Tuesday, November 18, 2008 (714 reads)
Westfield Bank and Danversbank have decided not to participate in the U.S. Treasury’s Capital Purchase Program, which is part of the broader Troubled Asset Relief Program (TARP). Both institutions reported positive net income in the third quarter, although in each case, net income was less than that reported during the same period last year.
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STAG Capital Launches 5th Fund Tuesday, November 18, 2008 (322 reads)
Boston-based real estate firm STAG Capital Partners recently launched an anticipated $400 million fund that will focus on acquiring high-yield, single-tenant real estate properties across the United States.
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Bernanke: Credit Markets Strained, Capital Helping Tuesday, November 18, 2008 (169 reads)
U.S. Federal Reserve Chairman Ben Bernanke said Tuesday that credit markets, while stabilizing, remain under serious strain and government capital injections into banks are needed to help restore normal lending.
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Fed Survey: U.S. In Recession, Will Last 14 Months Monday, November 17, 2008 (768 reads)
Private-sector economists believe the U.S. economy fell into recession last spring and now expect a sharp contraction in the fourth quarter of this year after slashing their forecasts for gross domestic product, a Federal Reserve Bank of Philadelphia survey said Monday.
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