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Baker bans new state regs until March 31

The Baker administration yesterday announced a ban until March 31 on new state regulations, but it won't stop the Department of Conservation and Recreation from raising fees or new regs on rideshare services, such as Uber and Lyft, from taking effect.

Baker, after promising during his campaign not to raise fees as an alternative to tax hikes, will allow a series of increases to take effect today, raising the cost of a camping trip, a day at the beach or an hour of skating.

The administration also will allow new rules regulating ride-for-hire services to take effect, though a spokesman could not immediately say whether the governor intends to file the legislation necessary to give the Department of Public Utilities the authority to enforce the new driver and insurance rules.

"We have no plans to pull back Uber regulations," Tim Buckley, Baker's spokesman, said yesterday in a text, adding that they already have been submitted and went through a comment period.

Uber Massachusetts General Manager Meghan Verena Joyce said: "We are excited for these regulations, which provide a much-needed regulatory framework for ridesharing and a permanent home for UberX in Massachusetts."

State issues crowdfunding exemption

Secretary of State William F. Galvin said yesterday the Securities Division of his office has adopted a "crowdfunding exemption" for offerings within Massachusetts.

The emergency regulation takes effect immediately. It permits Massachusetts companies to raise capital from Bay State investors. The exemption covers intrastate offerings over the Internet that would typically raise capital from many investors.

They can raise up to $1 million in a 12-month period — up to $2 million if the company has audited financial statements.

D.C. trust buys nine Hub buildings

Washington, D.C.-based Multi-Employer Property Trust yesterday announced $250 million in acquisitions in Boston's South End and Seaport District. In three separate transactions, it acquired nine buildings totaling more than 650,000 square feet. The Seaport buys were 313 Congress St., 330 Congress St. and 300 A St.,as well as the 588-space Necco Garage.

The South End buys are near the Boston Medical Center at 660 and 720 Harrison Ave., 575 Albany St., 100 East Canton St., and 123 East Dedham St.

Today

• Labor Department releases Consumer Price Index for December.
• Federal Reserve releases industrial production for December.
• Barclays has announced the appointment of Gary S. Domoracki as managing director and regional manager for wealth and investment management in Boston. Domoracki will be responsible for managing the office in Boston.

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