Banker & Tradesman: Aug. 24, 2020

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MONTHLY TRANSFER DIRECTORY REPORTS

Call 617.896.5388 or email datasolutions@thewarrengroup.com

THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS

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County close-up: Middlesex Spotlight: Natick

IN PERSON

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Complex construction projects have been part of Joubin Hassanein’s daily routine throughout his 27-year career. As a construction manager for Modern Continental and Jay Cashman Inc. in the 1990s, Hassanein was responsible for overseeing an innovative construction technique used to install loop ramps for the Central Artery Tunnel and Zakim Bridge project.

WEEK OF MONDAY, AUGUST 24, 2020

BANKING & LENDING BY THE NUMBERS

RECRUITMENT AND RETENTION

8 percent Guaranteed Rate holds an 8 percent share of the Middlesex County mortgage market. See By the Numbers on page 6. Source: The Warren Group’s Marketshare Module

0 None of the homes in this week’s Gossip Report were purchased with a mortgage. See page 9. Source: The Warren Group

36 months Under a new type of qualified mortgage, lenders would have to hold a loan on their books for 36 months. See Week on the Web on page 2. Source: CFPB

SUBURBS’ DILEMMA: NEW JOBS OR NEW HOUSING?

Flex Manufacturing Seen as Alternative to Office Space

18 percent

BY STEVE ADAMS BANKER & TRADESMAN STAFF

E

The combined market share of the three top mortgage lenders in Middlesex County. See By the Numbers on page 6. Source: The Warren Group’s Marketshare Module

conomic development officials want to attract more life science and advanced manufacturing companies to boost commercial tax bases on the Route 3 north corridor, which has struggled to replace departed office tenants. In Chelmsford, Thermo Fisher Scientific in a partnership with Spaulding & Slye Investments this month acquired a vacant 114,000-squarefoot office building at 220 Mill Road for $5 million for a $40 million expansion project, effectively doubling the equipment manufacturer’s nearby footprint at 19-21 Alpha Road. The facility will open in late 2021 and increase production of chromatography resins, spokeswoman Charlotte McCormack said. The project gives momentum to the town’s efforts to promote itself as an affordable landing spot for life science, flex and R&D tenants, said Lisa Marrone, Chelmsford’s director of business development. “That has been a long-term empty building, and establishing more life science presence

1,297 The small business loan fintech Kabbage made 1,297 PPP loans in Massachusetts. See page 10. Source: U.S. Treasury Department

2 Guaranteed Rate employs the two top loan originators in Middlesex County. See By the Numbers on page 6. Source: The Warren Group’s Loan Originator Module

2 Indy Johar is the second-most prolific loan originator in Middlesex County. See By the Numbers on page 6. Source: The Warren Group’s Loan Originator Module

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4 percent The share of the Middlesex County mortgage market held by Quicken Loan. See By the Numbers on page 6. Source: The Warren Group’s Marketshare Module

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.

COMMERCIAL INTERESTS

BUYER’S MARKET

Modest Affordable Housing Gets Compared to Concentration Camps

South End, South Boston Among Most Affected

By Scott Van Voorhis | Banker & Tradesman Columnist

By Bram Berkowitz | Special to Banker & Tradesman

Truro Officials Trot Out Record Numbers of Tired, Racist, Classist Playbook Condos Hit Boston Market

Commercial Real Estate PAGE 3

Residential Real Estate PAGE 9


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