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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Franklin Spotlight: Leyden
IN PERSON
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Developer LBC Boston is seeking approval for the largest project yet to be approved under Boston’s two-year-old compact living pilot. Margarita Kvacheva is helping guide the $140 million Allston Green project. a three-building complex spanning 256,000 square feet and 350 apartments at the corner of Linden and Pratt streets in Allston.
WEEK OF MONDAY, NOVEMBER 2, 2020
RESIDENTIAL REAL ESTATE BY THE NUMBERS
COMMERCIAL INTERESTS
14 percent Off-market sales made up 14 percent of MetroWest listings in 2019. See Heather Beasley Doyle’s story on page 9. Source: Pinnacle Residential Properties
$20 million The purchase price of a Nantucket mansion. See the Gossip Report on page 9. Source: The Warren Group
20 percent The number of off-market sales grew 20 percent in MetroWest this year. See Heather Beasley Doyle’s story on page 9. Source: The Warren Group
60 percent Six in 10 Americans would buy a haunted house. See Lew Sichelman’s column on page 4. Source: Clever Real Estate
236 The number of single-family sales not recorded in an MLS in Barnstable County. See Heather Beasley Doyle’s story on page 9. Source: The Warren Group
1.6 million There are about 1.6 million “zombie houses” in America. See Lew Sichelman’s column on page 4. Source: ATTOM Data Solutions
8,350 square feet The size of the biggest house in this week’s Gossip Report. See page 9. Source: The Warren Group
17 percent 17 percent of Americans would try to make their homes hospitable to ghosts if a haunting happened. See Lew Sichelman’s column on page 4. Source: Clever Real Estate
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.
What’s Missing from This Election: HOUSING
No Matter Who Wins, the Next President Must Tackle It BY SCOTT VAN VOORHIS BANKER & TRADESMAN STAFF
O
ne way or another, Election Day 2020 will be an historic one, with stakes akin to the election of 1932, held in the depths of the Depression or – heavens forbid – 1860. Everything from our nation’s ability to mount an effective defense against the
dread coronavirus to the continued viability of American democracy are all on the ballot, the pundits and experts say. But one thing that won’t be on the ballot because it just never seems to get any airtime in any debates, presidential or otherwise, is the housing crisis, and specifically, the immense pressure runaway prices and rents have placed on middleand working-class families. Yet the housing crisis is right up with there with our wheezing health care system, our growing economic divide and long-simmering issues of racial justice,
as one of the top challenges facing our country. If health care is deemed important enough that every candidate is all but obliged to come up with a plan – or, in the case of President Donald Trump, to spend years faking that he actually has one – then housing certainly deserves the same treatment as well. And giving the problem the attention it deserves – as an issue worthy of national debate – can also help shed need light on some of the other major issues Continued on Page 3
S E C U R I T Y S T R AT E G Y
LOCAL LENDERS
BID Touted as Response to Public Health Crisis
History Suggests Local Opportunities Grow When Stock Banks Look to Larger Stages
Newmarket Businesses Face a Crossroads By Steve Adams | Banker & Tradesman Staff
Commercial Real Estate PAGE 7
Mutual Banks Eye Growth Options After Eastern Conversion By Diane McLaughlin | Banker & Tradesman Staff
Banking & Lending PAGE 10