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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