TURN TO PAGE C1 FOR THE WINNERS OF THE BEST OF 2020
THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Hampshire Spotlight: Southampton
Peabody Properties is among a group of Boston-area multifamily landlords and property managers that are working with their tenants to prevent evictions. Adam Kenney oversees management, leasing and sales for the company for 6,000 units at more than 60 properties.
IN PERSON
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WEEK OF MONDAY, NOVEMBER 16, 2020
RESIDENTIAL REAL ESTATE BY THE NUMBERS
$14.87 million The purchase price of the first home in this week’s Gossip Report. See page 9. Source: The Warren Group
TRAIN TRADEOFFS
MBTA CUTS WILL RIPPLE THROUGH REAL ESTATE
$1.2 million The most expensive recent single-family home sale in Hampshire County. See By the Numbers on page 6. Source: The Warren Group
$1,930.95 The highest price per square foot among the homes in this week’s Gossip Report. See page 9. Source: The Warren Group
9,399 square feet The size of the largest home in this week’s Gossip Report. See page 9. Source: The Warren Group
980
6 percent The growth in the median singlefamily sales price in Hampshire County. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
4.62 acres The size of the largest property in this week’s Gossip Report. See page 9. Source: The Warren Group
$6.6 million The mortgage from First Republic Bank used to buy the second home in this week’s Gossip Report. See page 9. Source: The Warren Group
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.
Less Service Will Leave Mark on Transit-Oriented Sites BY STEVE ADAMS BANKER & TRADESMAN STAFF
T
he MBTA’s proposed slimmeddown service menu for 2021 could cause indigestion for downtown Boston office landlords, discourage multifamily development near commuter rail stations and widen social inequities in accessing reliable transportation, real estate industry and economic development sources predict. The agency’s recommended transit diet
to save $142 million during a pandemic-induced decline in ridership calls for closure of six suburban commuter rail stations, elimination of weekend service and a 35 percent cut in overall commuter rail service. The MBTA Fiscal Control Board could reach a final decision as soon as December, with many of the changes taking effect in May. “While the full impact of potential MBTA service cuts remains to be seen, it could be another setback in the city’s eventual return to normalcy and may create further uncertainty in the marketplace,” said Liz Berthelette, director of research for Newmark Knight Frank in Boston.
COMMERCIAL INTERESTS
A Modest Proposal to Fix the MBTA Budget
Revolutionary Rethink of Rail System Generates Untold Benefits By Scott Van Voorhis | Banker & Tradesman Columnist
Continued on Page 7
PROPOSED MBTA CUTS • 20 percent fewer subway trains • Stop Green Line E branch at Brigham Circle • 20 percent fewer buses on
“non-essential” routes • End 20 bus routes • Eliminate ferries to Hull, Hingham and Charlestown • No weekend commuter rail trains starting January 2021 • No weekday commuter rail trains after 9 p.m. • Close six commuter rail stations
LEARNING LITERACY
Burden of Financial Education Falls on Families – and Their Bankers Lenders Look to Help Children ‘Learn Through Doing’ By Diane McLaughlin | Banker & Tradesman Staff
Commercial Real Estate PAGE 3
MassDOT photo
The number of single-family homes sold in Hampshire County in September. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
Banking & Lending PAGE 9