Financial Digest
Multi-family markets in transition – Value implications - by William Pastuszek
The commercial real estate (CRE) landscape looks considerably different at the end of this summer than it did a year or so ago. The commercial real estate asset run up has been over for the better part of a year. Some classes are better off than others. Some locations have done better than others. This article will focus on multi-family in Eastern Mass. Investors have become more discriminating and some are taking a break, sitting on the sidelines.
MassDevelopment issues $18 million bond to New England Historic Genealogical Society to expand facility
Boston, MA MassDevelopment has issued an $18 million tax-exempt bond on behalf of New England Historic Genealogical Society (NEHGS), also known as American Ancestors, which will use proceeds to expand its facility on Newbury St. to add a Visitor Complex and make other improvements. NEHGS will reconstruct and expand a vacant building at 97 Newbury St., and connectCornerstone Realty Capital arranges $8.125 million in financing
Bourne, MA Cornerstone Realty Capital has arranged $8.125 million in financing for the acquisition and renovation of a residential apartment complex. The property sits on a 4.03-acre parcel and is comprised of four 10-unit apartment buildingsWalsh of EagleBridge Capital arranges $15 million financing
for 31 property multifamily portfolio
Boston, MA EagleBridge Capital has arranged permanent mortgage financing in the amount of $15 million for a diverse multifamily portfolio located in Southern New England.Merkle to retire from Union Savings Bank - Reyes to take over as president and CEO
Danbury, CT According to the Union Savings Bank board of trustees, Cynthia Merkle is retiring as CEO of the community bank effective later this month. Current president Chelen Reyes has been elected to serve as both president and CEO.