GET TO KNOW THIS YEAR’S WOMEN OF FIRE ON PAGE B1
THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Berkshire Spotlight: Peru
If you’re a developer in Boston, Alexander Shing might want to give you a loan. Shing’s Cottonwood Management is best known for leading the biggest current construction project in the Seaport District, the $950 million EchelonSeaport complex.
IN PERSON
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WEEK OF MONDAY, JULY 16, 2018
RESIDENTIAL REAL ESTATE BY THE NUMBERS
CRIMINAL INTENT
$10.21 million The price of a waterfront home sold in Nantucket. See Gossip Report on page 7. Source: The Warren Group’s Statistics Module
413 The number of housing units in Peru. See the town spotlight in By the Numbers on page 6. Source: U.S. Census
7,851 The number of square feet in a home sold in Weston last month. See Gossip Report on page 7. Source: The Warren Group
$108 million The price of The Xchange at Bedford, an eight-building campus. See this week’s Hot Property on page 8. Source: Jumbo Capital Management and Sound Mark Partners
847 The population of Peru in Berkshire County. See By the Numbers on page 6. Source: U.S. Census
Bank Robberies Decline in Massachusetts and New England
280 degrees The panoramic view of Madaket Harbor, Nantucket Sound, Smith’s Point, Martha’s Vineyard and the ocean from a house sold in Nantucket. See Gossip Report on page 7. Source: Market Listing
$18.70 The residential and commercial tax rates in Peru. See By the Numbers on page 6. Source: Town of Peru
3.6 million The number of square feet in Riverwalk’s mill redevelopment. Read more in Week on the Web on page 2. Source: Lupoli Cos.
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.
Crime Habits May be Shifting as ATM Skimming Activity Jumps BY BRAM BERKOWITZ BANKER & TRADESMAN STAFF
B
ank robberies decreased marginally in federal fiscal year 2017 from the prior fiscal year and declined in New England overall, according to data
from the Boston division of the Federal Bureau of Investigation. The stagnant numbers are not a surprise, according to experts, but the slight decrease could signal a change in crime habits, as technology continues to disrupt the banking industry. “The majority of robbers are nonviolent … note passers that are statistically shown to be looking for a quick fix for their drug dependency,” Ben Craigie, director of compliance and training at the Massachu-
setts Bankers Association, told Banker & Tradesman. “Some branches are moving toward completely cashless.” There were 175 bank robberies in Massachusetts in federal fiscal year 2017 (Oct. 1, 2016 to Sept. 30, 2017), six less than in federal fiscal year 2016, according to the FBI. In all New England states except for Connecticut, there were 212 bank robberies, down from 235 in the prior fiscal year, according to the FBI. Continued on Page 7
COMMERCIAL INTERESTS
SUMMER BLOCKBUSTER
Department Under Carson Makes Progress on Housing Issues
Plans to Redevelop City Hall Annex, Fire Headquarters
HUD Takes Aim at Local Zoning Restrictions By Scott Van Voorhis | Banker & Tradesman Columnist
Commercial Real Estate PAGE 3
Developers Have Big Plans for City-Owned Sites By Steve Adams | Banker & Tradesman Staff
Commercial Real Estate PAGE 8