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$23.1M East Cambridge Trade; JP Development; More!

EAST CAMBRIDGE—Right before New Year's, this development site traded for $23.1 million: "The 2.4-acre parcel at 22 Water Street in North Point, across from the Museum of Science, is the future home of 392 studios, one- and two bedroom units that will be built next to the future Lechmere Green Line Station expected to open in 2017." [Biz Journal]
MASS.-WIDE—Foreclosure activity ebbed in 2012: "There were 295 completed foreclosure filed in November, 2012, a decline of almost 60 percent from November 2011. Between January and November, there were 7,158 homeowners who lost their properties to foreclosure—a nearly 8 percent drop compared to the first 11 months of 2011." []
JAMAICA PLAIN—The neighborhood that loves to fight itself some new development will have a meeting about... new development: "Some residents have said they are wary of significant development proposed, underway and recently completed along a quarter-mile stretch of South Huntington near where Jamaica Plain and Mission Hill meet." []