Colliers International secures $18.6 million refinancing for Westford Tech Park

Colliers International (Colliers) has arranged a $18.6 million loan to refinance The Michelson Farm - Westford Technology Park, Buildings 5 and 8 located at 7 and 9 Technology Park Dr. Senior vice president John Broderick of Colliers' Boston office represented the borrower, The Gutierrez Company, which originally developed the property in 1996. Blue Hills Bank financed the transaction. The long-term, fixed-rate loan closed in October. The Michelson Farm - Westford Technology Park consists of nine buildings totaling 1.043 million s/f. 7 Technology Park Dr. is a three-story,130,000 s/f, class A suburban office development. 9 Technology Park Dr. is a single-story, 100,000 s/f, class A office/R&D flex building. Both properties recently completed significant renovations for occupancy of tenant, Goodrich Corp., a global supplier of systems and services to aircraft and engine manufacturers, airlines and defense forces around the world.

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Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT

East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.

C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties

C-Lounge Capital provides $18m equity for $40m acquisition

Funding your project: Available, but expensive, in many ways - by Daniel Calano

Spring at RE&FA: Industry insights, discussions & events

For Global Accessibility Awareness Day, Beacon Bank announces free support for visually impaired users at all branches

Beacon Bank offers free support for visually impaired users at all branches

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Atlantic Capital Partners sells retail asset in Quincy, MA for $5.2m

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Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4