News: Finance

Cushman & Wakefield arranges $6.5 million financing for Labour

As exclusive advisor to Labouré College, Cushman & Wakefield of Massachusetts, Inc. has arranged a $6.5 million acquisition financing, and advised Labouré in the selection and acquisition of its new campus located at 303 Adams St. Labouré College is a private Catholic college with a distinct focus on education in nursing and health sciences, and the new campus will provide the college with a large and modern facility to accommodate its expanding student population. The $6.5 million acquisition financing was arranged by senior director Jay Wagner and director Aaron Rosenzweig at Cushman & Wakefield's Equity, Debt and Structured Finance Practice, with the financing provided by Blue Hills Bank. Robert Griffin, Frank Nelson, and Michael Greeley from Cushman & Wakefield's Medical-Academic Practice Group provided the buy side advisory services.
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Kozlowski of Newmark Capital Markets secures $115.6m financing for two properties

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

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

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

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

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