News: Front Section
Posted: December 7, 2007
Hudson Savings and Westborough Bank merge to form Avidia
Hudson Savings Bank and Westborough Bank have merged to become Avidia Bank, according to Mark O'Connell, president and CEO of Hudson Savings Bank.
BrandEquity of Newton created both the new name and logo to enhance the image of the newly formed bank, according to Ted Selame, president of BrandEquity.
Hudson Savings Bank and Westborough Bank were both organized in 1869. This merger will create a community bank with expanded products and services. The new organization, has assets of $1 billion with branches in Hudson, Westborough, Marlborough, Shrewsbury, Northborough, Clinton and Leominster. Â
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary